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 digital native population has led to exponential increases in data traffic.
Digitalization Driving Underlying Demand Growth
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Global Population, Mobile Subscribers & Internet Users (US$ billion)
Population
Mobile Subscribers
Internet Users
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.
