Information and Communication Technologies (ICT) is a horizontal sector that affects all industries, increases productivity, and takes an active role as a facilitator and a trailblazer for the innovative development of business fields, current and developing technologies, and increase of productivity and competitiveness.

Digital technologies have risen to prominence as a critical determinant of economic growth, national security, and international competitiveness.

The digital economy is worth $11.5 trillion globally, equivalent to 15.5 percent of global GDP and has grown two and a half times faster than global GDP over the past 15 years.

Global IT spending in 2023 will reach $4.6 trillion in 2023, a jump of 5.1% over 2022 spending, demonstrating the rapidly changing nature of technology.

Trends in the Global ICT Industry including Globalization, Competition and the Internet of Things creates multi-billion dollar opportunity for the companies operating in this sector.