Dr. Cuong Nguyen
Head of Asia Pacific Investment Research, PGIM Real Estate
The growth of the information and communications technology (ICT) sector illustrates how important technology has become to societies and how significant associated ICT infrastructure growth is expected to be.
The growth in the
population has led to
in data traffic.
Global Population, Mobile Subscribers & Internet Users (US$ billion)
Sources: Oxford Economics, Cisco, Statista, PGIM Real Estate. As of November 2022.
Getting Connected with a Niche Sector
In 2021, we highlighted how the use of technologies that enabled remote working, distance learning and online entertainment and shopping resulted in unprecedented increases in global internet traffic and data volume.