Consumer spending in IT to reduce in 2019

Spending in the telecom and ICT industry is expected to see some amount of dip next year, 2019.

The International Data Corporation which is a global ICT research and consultancy services firm, projects that the experience will be across the board including inventors and consumers.

Data from the IDC on spending on IT in Ghana for instance show that in 2018, expenditure on technology devices is projected at $448.34m but this will dip to $398.76m in 2019.

The contraction, according to IDC’s Group Vice President & Regional MD Middle East, Turkey & Africa, Jyoti Lalchandani also emanates from changes in a lot of factors such as drop in regional trade in West Africa with Nigeria.

“Software and services are going on quite nicely; infrastructure spending which is consumer devices like tablets, mobile phones, PCs are dropping slightly because the prices of technology is dropping but also the overall consumer sentiment is slightly weaker compared to enterprises,” he told the Head of News at Citi FM/Citi TV, Vivian Kai Lokko in an interview.

Mr. Lalchandani who was speaking at the sidelines of the 2018 GITEX in Dubai added: “Part of that has to be with the regional dynamics within West Africa has been slightly slower; trade with Nigeria has been slower as well because it is the largest economy within the English speaking economies within West Africa. So much more weaker business sentiment in West Africa driven by slowness in the stuff that you see in Nigeria; in oil and gas, public sector, utilities, these areas are completely down.”

Meanwhile other expenditure patterns projected by the IDC indicate that spending on infrastructure will reach $87.01m in 2018 compared to the $89.38m to be recorded in 2019.

Again, spending on Telecom services is expected to reach $1.248bn in 2019 from the $1.235bn in 2018.

POST TAGS

ABOUT: Ellsamwise King

mccamuel88@yahoo.com

A Civil/Structural Engineer & Freelance Blogger, Journalist, Social Media Mogul, Digital Marketer, Entrepreneur, and Philanthropist. CEO of Skyline Consortium & 9189 Media Consult and Co-Founder of Team Sarkodie. An alumnus of Prempeh College where he read General Science. He holds a first degree in Bachelor of Science from the Kwame Nkrumah University of Science and Technology. His mentors are Alvar Alto, Rupert Murdoch, Piers Mogan, Mensa Otabil, Bernard ElBernard Nelson-Eshun. Blogs for; http://www.233times.com | www.paemuka.com | http://www.playmusicgh.com | http://www.muzikiq.com | http://www.brandsaid.biz . Social Media Manager for Eon3 Group | BrandsAid | Kings Crown Media | Carabao Africa Ghana & Africa | Calvary Temple - ICGC | Team Sarkodie | Muzik IQ | Kwaw Kese Please inquire more via Email: mccamuel88@yahoo.com | mccamuel87@gmail.com Instagram & Twitter: @wise_tskd Facebook: Ell Samwise LinkedIn: EllSamwise King Dogbe

View all posts by: Ellsamwise King  

Leave a Reply

Your email address will not be published. Required fields are marked *

ABOUT 233TIMES

233times is a Ghanaian media house which serves as a major source of exclusive interviews ,music and video downloads, news and more.

233times reports on major events,news covering entertainment, politics, sports, business, technology, etc from within Ghana, Africa and beyond.

We have a platform for the amateur artistes to portray their staggering talents ...more...

CONTACT US

For further enquiries, please contact us via our contact us page link: CONTACT

WE ON SOCIAL MEDIA. FOLLOW US


To advertise with us or make enquiries, please visit 233times.net/advertise or call Selorm (Selorm) | Selorm (Nana Kwesi)