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Service providers account for growing share of ICT spending

According to the new IDC Black Book Service Provider Edition, ICT spending by service providers will reach $426 billion by 2022, representing average growth of 6% per year, as the ongoing shift from on-premise IT management to the as-a-service model continues to gather pace in many regions around the world.

Cloud and digital service providers will represent the strongest market opportunities for ICT vendors with overall growth of 9% over the forecast period ($105 billion in annual spend by 2022), but communications service providers will still represent the largest share of service provider spending ($254 billion in 2022).

Colocation and managed services providers will increase spending by an average of 7% per year, reaching $67 billion in annual ICT spend by 2022.

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