What is Capital ICT Spending Market?
In recent times, the penetration of high-speed internet connectivity and mobile devices has changed the world. The businesses are going to transform by leveraging advanced technologies to become competitive in the market. Further, the growing need to improve productivity, reduce downtime or failure, and enhance customer experience will accelerate the growth. ICT spending of the financial sector is likely to grow in the nearer future due to the increased adoption of FinTech, blockchain, and other technological advancements.
The market study is being classified by Type (Cloud Computing, IoT, Robots & Drones, Collaboration Tools, AR/VR Headsets, Data Analytics and Others) and major geographies with country level break-up.
IBM (United States), Dimension Data (South Africa), Microsoft Corporation (United States), Fujitsu (Japan), SAP (Germany), Grene Robotics (United States), Amazon (United States) and Salesforce (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product or service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Capital ICT Spending market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Capital ICT Spending market by Type, Application and Region.
On the basis of geography, the market of Capital ICT Spending has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rapid Adoption of Digital Transformation of Businesses Across the Globe
- Increased Adoption of Cloud Computing and Advanced Technologies Like Blockchain, AR/VR, AI, Etc.
- Emerging New Norm of Remote and Hybrid Working Across the Globe
- Increased Focus on the Innovation and Launch of Cutting-Edge Solutions with Advanced Features
- High Cost Associated with the Technologically Advanced Solutions and Lack of Awareness in the Rural Areas
- Evolution of 5G Network Technology, Metaverse and Web 3.0 Will Create Significant Opportunities
- Increasing Government Spending in the Defense Sector Will Boost Demand for Robots & Drones
- Limitations of Software Tools and Communication Difficulties
Market Leaders and some development strategies
In May 2021, Salesforce.com, Inc. announced the acquirement of Slack Technologies to compete against long-time industry powerhouse Microsoft. Slack Technologies offers an enterprise collaboration platform that allows users to engage in direct messaging, group channel messaging, document sharing, and limited intra-organization voice-and-video-calling. The acquisition will help Salesforce.com to expand its new SaaS app portfolio across the globe.
In June 2021, Grene Robotics developed an indigenous autonomous drone defense dome called Indrajaal. Indrajaal is an autonomous defense weapon system that uses technologies such as Artificial Intelligence, cybersecurity, and robotics to identify and counter threats. It is capable of protecting a large area of 1,000-2,000 sq km per system against threats such as UAVs, incoming weapons, loitering munitions and Low-Radar Cross Section targets autonomously. and In 2020, Amazon, the US-based e-commerce giant launched smart stores in India. Amazon is providing physical stores with software to maintain a digital log of the inventory they have in the shop, and supplying them with a QR code. The consumers can walk to the store and scan QR codes with the Amazon app. With this consumers can see everything the shop has to offer including any discounts and past reviews from customers.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, ICT Solution & Service Providers, Manufacturer of Advanced Technologies, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-User Industries and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Capital ICT Spending Market?
"Rapid Adoption of Digital Transformation of Businesses Across the Globe
" is seen as one of major growth factors of Capital ICT Spending Market in years to come.
2. Can we have customized study for Capital ICT Spending Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Capital ICT Spending Market?
United States will lead Capital ICT Spending Market in coming years.