The International Telecommunication Union (ITU), in its latest statement concerning technology development measures and figures released on 11 October, shows the extent of the rise of information and communication technology (ICT) worldwide. The reduced cost of fixed-telephone and fixed-broadband Internet services (which dropped 75-percent globally between 2008 and 2011) contributed to the high growth; the ITU figures shows that global revenue has reached $1.5 trillion in 2010 for ICT services.
The ITU figures, used to track progress in ICT development over time, have showed that ICT has made an impact on the economy and on global telecommunication revenue.
ICT played a major contributor role in economic growth in 2010. As pointed out by ITU, the promising development of mobile-cellular and mobile-broadband services have had the greatest impact on market growth over the last few years.
The ITU figures show also that from 2007 to 2010, telecom revenue and investment continued to rise in developing countries, although there were issues with having limited ICT infrastructures and prices too expensive for ICT services (even though they did drop by 30 percent between 2008 and 2011), even over 40 percent of monthly gross national income per capita.
The ITU research and data suggest that in order to continue to fuel growth, developing countries need to invest in advanced ICT services. Furthermore, foreign direct investment (FDI) in telecommunications is essential to sustain economic growth.
FDI in developing countries does have an impact on the total telecommunications investment.
As shown in the 2012 edition of Measuring the Information Society and seen in ITU’s ICT Development Index (IDI), the Republic of Korea is the most advanced ICT economy. The report also brings to light that eight out of 10 top-ranked countries are from Europe.
In order to see continuous growth of ICT, education is also a key component, especially when a country (such as China) is open to the concept of going green. The Chinese government has already taken several steps to implement green ICT.
For more details of the 2012 statistical and analytical report that presents the IDI to rank a countries’ performance with regard to ICT infrastructure and uptake, or to learn more about the shape of ICT markets, readers can visit the ITU’s website. Once there, they will be able to retrieve recent ITU publications from the Telecommunication Development Sector (ITU-D) or pull up the 2012 edition of Measuring the Information Society.