The IT Department of Moscow Forecasts Increase in Muscovites’ Expenditure on Digital Devices

In 2017, Moscow citizens spent 2% of total household income on digital devices, or 38,000 roubles a year, the IT Department of Moscow reports. According to ITD’s forecast, in eight years’ time, the expenditure on this kind of goods will have increased to 3% of annual income, or 60,000 roubles. The demand is expected to rise for smart home devices, VR/AR devices, wearables, and robots. ITD estimates that Muscovites spend about 7% of the total amount of money spent on digital devices on the above mentioned products, and the figure is expected to have risen to 19% by 2025. The study findings suggest that 17.5% of those surveyed are planning to purchase smart watches and a fitness tracker, 15.4% are considering buying a robotic vacuum cleaner, 8.9% want a video game console, and 7.1% would like to have a VR/AR device.

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