In the digital era, innovation, entrepreneurial dynamism, and information and ICT production will drive the global market. The ICT industry and ICT-enabled industries make important contributions to economic growth.
IT industry is an important contributor to the burgeoning digital economy and feeds the domestic economy through two primary channels: the production of cutting-edge technologies and the distribution of scale of innovation across other economic sectors. The IT services sector distributes innovative technologies from consulting services to downstream business organizations seeking to improve efficiency, generating significant multiplier effects across the industry value chain.
The Information Technology Sector covers the following general areas: firstly, Technology Software & Services, including companies that primarily develop software in various fields such as the Internet, applications, systems, databases management and/or home entertainment, and companies that provide information technology consulting and services, as well as data processing and outsourced services; secondly Technology Hardware & Equipment, including manufacturers and distributors of communications equipment, computers & peripherals, electronic equipment, and related instruments; and thirdly, Semiconductors & Semiconductor Equipment Manufacturers.