Technology industry

Information technology industry turnover estimated at 57 billion US dollars | Company

In the report of Top 10 Reputable Technology Companies in 2022 released by Vietnam Report Joint Stock Company on July 5, the revenue of companies in the information technology and telecommunications sector in the first five months of 2022 is estimated to $57 billion, up 8.5%. over the same period in 2021.

With revenue growth in the first five months of the year, the information technology and telecommunications industry is expected to see strong growth in the last months of the year as the wave of digital transformation erupts. continues. Technological investment is seen as a natural demand, helping to improve operational efficiency and reduce production costs in all sectors.

Forecasts from information technology market data provider IDC show that investment in global digital transformation continues to grow at a compound annual growth rate (CAGR) expected to reach 15.5% over the next period 2020-2023.

According to Vietnam Report’s survey results, all companies and experts believe that the outlook for the last six months of 2022 will continue to grow. Of which 61.1% believe that growth will be robust.

Compared to previous surveys conducted by Vietnam Report, industry growth expectations are expected to rise rapidly.

However, in addition to the opportunities, the digital transformation process in Vietnamese IT and telecommunications companies also faces difficulties, such as complicated administrative procedures, insufficient quality human resources and research and development. limited technological products.

By Luu Thuy – Translated by Gia Bao