As retailers have been developing omnichannel strategies, online goods payments have been soaring, with a new study forecasting "consumer spend on digital commerce will reach US$14.7 trillion by 2022".
The Australian Communications and Media Authority's Draft 2018-22 Five Year Spectrum Outlook is now available, and the authority has invited the public to have its say before 15 June.
With layered approaches to digital transformation and IoT driving cyber security, spending is predicted to grow 33% from 2018 to an annual figure of US$134 billion over the next four years.
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