1. The total ITC market will see zero spending growth, remaining level at $7.1 trillion

The 2021-2023 flat-line growth in spending of the ITC industry looks likely to continue. My first prediction (see my Figure above) is for total spending to remain at its current $7.1 trillion level for another year. Although inflation in many markets has been successfully reduced, we have yet to see a significant up-turn in the world economy and, although the creation of ITC products remains global, their deployment within countries is increasingly being limited by legislation, regulation and international politics.

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