Global ICT market share by country 2013-2020

As of 2019, the U.S. region accounted for over 31 percent of the global information and communication technology (ICT) market share. The EU and China ranked as the second and third biggest regions in terms of market share with 19 and 13 percent respectively.

ICT Industry Overview



Ranking as one of the largest industries in the world, the ICT market is forecasted to reach a size of over five trillion dollars in 2019, and over six trillion by 2022. The continuous growth serves as another reminder of the ever-increasing prevalence and importance of technology in today’s society. The ICT market is typically defined to encompass technologies related to both computer and telephone networks, along with the relevant software, hardware and services. As of 2019, the telecommunications category ranks as the highest revenue generating segment of the ICT market, while “new technologies”, which includes VR/AR and robotics, ranks as the fastest growing category. In a similar manner to the rest of the industry, ICT research and development budgets have also seen large increases in recent years, with total R&D expenditure in the hundreds of billions.

Global market share of the information and communication technology (ICT) market from 2013 to 2020, by country/region

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Sources

Release date

January 2020

Region

Worldwide

Survey time period

2013 to 2019

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Statistics on "Ericsson"

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