The total size of the ICT and IoT market is expected to increase to USD 35 billion by 2018
The total size of the ICT and IoT market is expected to increase to USD 35 billion by 2018. The telecommunication technologies take the biggest share of the market, equivalent to 67%, while the information technologies, IT and IoT take about 33% of the ICT market. Different experts estimate 5-10% annual growth in the coming years. Main destinations of the exports of the goods and services created in the ICT sector are Azerbaijan, USA, Northern Cyprus, UK, UAE.
Turkey’s total ICT spending will exceed $22 Billion
Turkey’s total ICT spending will exceed $22 Billion in 2017. IT spending on hardware, software, IT services and telecommunication services in Turkey is $23 billion. Employment has reached 113,000 jobs in the sector and Turkey’s exports are approximately $1 billion. ICT spending in Turkey is expected to grow faster than the world average and the sector in the domestic market is expected to grow.
Following is the market size estimate for the Telecommunication Sector (excluding IT)
More than half of all households in Turkey have computers with internet access, and this is expected to rise to 65.6% over the next five years. The current percentage of internet users in Turkey is 46% and it is forecasted to rise to above 47% in 2017. Cloud computing is gaining ground in the Turkish market as well. Current social media users in Turkey are 42 million, a 5% increase over 2015.
Heavily invested areas
- 5G technology-smart phones and tablets;
- Cloud computing;
- Machine-to-machine (M2M);
- Data centres and disaster recovery areas