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Analytical company International Data Corporation expects growth in consumer spending on technology in 2019 by 3.5% to 1 trillion 320 billion dollars. According to IDC analysts, by the end of 2022, the global technology market will reach 1 trillion 430 billion dollars thanks to an annual increase of an average of 3%. Digital technology currently accounts for 96% of the total cash volume of the market. Payment for mobile telecommunication services will amount to more than 50% in the structure of consumer spending this year. The next largest category will be cell phones. By the end of 2022, emerging technologies will account for 5% of the total consumer spending. Of these, more than 80% will be accounted for smart wearable gadgets and devices for smart homes. The growth rate of this segment will reach 38%.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...
On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...
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