Information and communications technology (ICT) spending, including new technologies, is expected to exceed $5.6 trillion in 2021, said research firm IDC.
The IDC report said emerging telecom markets such as India and Brazil are major contributors to overall mobility spending. India is home for telecom operators such as Bharti Airtel, Vodafone-Idea Cellular, BSNL and Reliance Jio.
3rd Platform investments, including the F our P illars of cloud, mobile, big data & analytics, and social, will make up more than 70 percent of worldwide ICT spending. IoT has already grown to account for 15 percent of ICT spending.