Home Social networking Facebook’s annual ICT spending estimated at $5.9 billion

Facebook’s annual ICT spending estimated at $5.9 billion

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LONDON, June 16, 2022 (GLOBE NEWSWIRE) — Facebook, Inc. (Facebook) is a social media, advertising and business information solutions provider that offers a variety of products and services to business and non-business customers. The company, through its core products Facebook, Instagram, Oculus, Messenger and WhatsApp, connects people with friends, family and colleagues around the world, and helps them discover new products and services from local and global companies. Facebook has focused on using emerging technologies including augmented and virtual reality, data centers and artificial intelligence to digitally transform its operations.

The Facebook Enterprise technology ecosystem The market research report offered by GlobalData Plc will serve as a reference point to understand a company’s/competitor’s digital strategy. It will also help to understand the digital readiness of the company compared to its peers. The information included in these reports comes from a mix of our own internal database and genuine secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers the company’s overview, its digital transformation strategies, priority technology areas, accelerators, incubators and other innovation programs, technology partnerships, technology introductions, investments, acquisitions and ICT expenditure, among others.

Digital transformation Strategies from Facebook

Facebook leverages AR and VR technologies to help create products for its customers to enhance their sales and marketing opportunities in addition to creating an immersive end-user experience. For example, Facebook Reality Labs is the platform that leverages the expertise of researchers, developers, and engineers to create advanced and futuristic experiences with these technologies. Facebook also provides a free software suite called Facebook 360 Spatial Workstation to help creators design spatial sound for 360 video and cinematic VR.

To better understand Facebook’s digital transformation strategies and initiatives, download free sample report

Focus on the subject of Facebook technology

Facebook uses a number of emerging technologies, including augmented and virtual reality, data centers, and artificial intelligence, among others, to improve its operational and service capabilities.

Know the other technological themes of interest for the company, download free sample report

Facebook TIC Expenditure by function

  • Data center
  • Communication
  • Network
  • Apps
  • End User Computing
  • Management
  • ICT Service Center

For more information on ICT expenditure by function, download free sample report

Facebook TIC spend by Channel

  • Internal development and maintenance
  • Technology providers (direct)
  • Local dealers
  • telcos
  • ICT Service Providers/Consulting Firms
  • Specialized subcontractors
  • System integrators

For more information on ICT spending by channel, download free sample report

Facebook External TIC spend by Segment

  • Software (including Cloud SaaS)
  • Hardware (including Cloud IaaS)
  • ICT services
  • Consultant
  • Network and communication
  • Others

For more information on external ICT expenditure by segment, download free sample report

Facebook Technological ecosystem Market Insight

Total ICT expenditure 2021 $5.9 billion
ICT expenditure by function Data center, communications, network, application, end user computing, management and service center
ICT expenditure by channel In-house development and maintenance, (direct) technology providers, local resellers, telecom operators, ICT service providers/consulting companies, specialist contractors and system integrators
External ICT expenditure by segment Software (including cloud SaaS), hardware (including cloud IaaS), ICT services, consulting, network and communications, and others
Focus on the theme of technology Augmented & Virtual Reality, Data Centers and Artificial Intelligence,

Facebook Technological ecosystem Scope of the market report

  • An overview of its digital transformation strategies and its acceleration and innovation programs.
  • Overview of technology initiatives covering partnerships, product launches, investments and acquisitions.
  • Information about each technology initiative, including technology theme, purpose, and benefits.
  • Details of estimated ICT budgets and major ICT contracts.

Reasons for Byeah

  • Get insights into Facebook’s technology operations.
  • Learn about its technology strategies and innovation initiatives.
  • Get insights into its targeted technology topics.
  • Get insights into various product launches, partnerships, investment and acquisition strategies.

FAQs

What was the total ICT Facebook spending in 2021?
Facebook’s annual ICT spend was estimated at $5.9 billion in 2021.

What are the top categories of ICT spend by function for Facebook?

The top categories of ICT spend by function for Facebook are communications, data center, network, applications, end-user computing, ICT service center, and management.

What are the top categories of ICT spend by channel for Facebook?

Top categories of ICT spend by channel for Facebook are in-house development and maintenance, (direct) technology providers, local resellers, telecom operators, ICT service providers/consulting firms, specialist contractors and system integrators.

What are the top categories of external ICT spend by segment for Facebook?

The top categories of external ICT spend by segment for Facebook are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting and others.

What are the main technology themes targeted for Facebook?

The main technology themes targeted for Facebook are augmented and virtual reality, data centers and artificial intelligence.

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