Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. With a market share of 16%, the EU ranked second, followed by 12%, China ranked third.

The balanced (most likely) projection is used to quantify Asia Pacific 5G enabled virtual reality market in every aspect of the classification from perspectives of Offering, End Use, and Country.Īccording to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. – Emerging Product Trends & Market Opportunities In-depth qualitative analyses include identification and investigation of the following aspects: (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) The report is based on studies on 2015-2019 and provides forecast from 2020 till 2030 with 2019 as the base year.

Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain.

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