Emerging technologies, such as IoT, robotics, and augmented reality or virtual reality (AR/VR), will drive the next wave of growth in the information and communications technology (ICT) industry, increasing the overall opportunity to $5.5 trillion by 2020, according to the latest market study by International Data Corporation (IDC).
David H Deans, of Cloud Computing, goes on to report, “The IDC forecast illustrates that the ICT sector is dependent upon new technology innovation for growth, as traditional business technology revenue streams begin to decline in the face of cannibalization, substitution, and the shift to cloud-based computing solutions.”
