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Consumer spend on technology will hit USD 1.7 tln this year - IDC

Monday 14 October 2019 | 11:15 CET | News
People worldwide will spend USD 1.69 trillion on technology this year, an increase of 5.3 percent over 2018, according to the latest study from IDC. Purchases of traditional and emerging technologies will remain strong over 2019-2023, reaching USD 2.06 trillion in 2023 with a five-year compound annual growth rate (CAGR) of 5.1 percent. About three-quarters of spend in 2019 will be on traditional technologies. Throughout 2023, mobile services (voice and data) will make up over half of the total, followed by mobile phones and personal computing devices.

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Categories: General
Countries: World
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