Friday, June 14, 2024
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ICT spending

DBM allotting P24.13 billion for ICT-related spending in 2023

The Department of Budget and Management (DBM) said it is allocating a total of P24.13 billion for ICT-related expenditures from the P5.268-trillion national budget for 2023.

Global IT spending to decline 5.1% in 2020, but cloud spending remains resilient

Overall spending on devices including PCs and phones will be down significantly this year and is the main drag on total IT spending with the economic fallout likely to disrupt upgrade cycles for smartphones, which were expected to be boosted by the launch of premium 5G devices.

Global ICT spending expected to exceed $5.6 trillion in 2021

By 2021, new 3rd Platform technologies, including Internet of Things (IoT) solutions, robots and drones, augmented reality and virtual reality (AR/VR) headsets, and 3D printers, will account for almost a quarter (23%) of total ICT spending.
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