Key Highlights
- The global computer hardware market size was valued at approximately $1.45 trillion in 2022
- Over 2.7 billion people worldwide use personal computers
- The global software market is projected to reach $1.97 trillion by 2025
- In 2021, approximately 44% of the world's population used the internet
- The number of cloud data centers worldwide is expected to reach over 8,000 by 2024
- The average lifespan of a desktop computer is about 5 to 8 years
- Over 50% of enterprise workloads are expected to run in the cloud by 2023
- The global cybersecurity market was valued at $155.3 billion in 2021 and is projected to reach $345.4 billion by 2026
- The number of active Android devices exceeded 3 billion in 2022
- The global semiconductor market revenue was approximately $555 billion in 2022
- The average cost of data breaches globally was $4.24 million in 2021
- The gaming industry generated around $184.4 billion worldwide in 2022
- About 77% of companies are actively adopting artificial intelligence technologies
The computer industry is booming like never before, with a global market valued at over $5 trillion, hundreds of billions in cybersecurity investments, and billions of connected devices transforming every aspect of our lives—from smart homes to AI-powered enterprise solutions—highlighting an unstoppable drive toward digital innovation and connectivity.
Consumer Electronics & Market Trends
- The number of connected devices in homes (smart home devices) is expected to reach 4.5 billion by 2025
- The average annual revenue per user (ARPU) in the global smartphone market was approximately $42 in 2022
- The global wearables market was valued at $50 billion in 2022 and is forecasted to reach $125 billion by 2027
- The average number of connected devices per person globally is expected to reach 4.6 by 2025
Consumer Electronics & Market Trends Interpretation
Cybersecurity & Data Privacy
- The global cybersecurity market was valued at $155.3 billion in 2021 and is projected to reach $345.4 billion by 2026
- The average cost of data breaches globally was $4.24 million in 2021
- The number of cybersecurity jobs worldwide was projected to reach 4.7 million in 2023
- The average age of a cybersecurity breach in organizations is about 280 days
- The number of data breaches worldwide increased by 15% in 2022, reaching over 1,200 incidents
- The average time to recover from a ransomware attack is approximately 23 days
- Cybersecurity Ventures predicts cybercrime damages will cost the world $10.5 trillion annually by 2025
Cybersecurity & Data Privacy Interpretation
Digital Transformation & Cloud Computing
- The number of cloud data centers worldwide is expected to reach over 8,000 by 2024
- Over 50% of enterprise workloads are expected to run in the cloud by 2023
- Cloud adoption rates among businesses have increased by 17% annually since 2019
- Nearly 65% of the total digital data generated worldwide is stored in the cloud
Digital Transformation & Cloud Computing Interpretation
Emerging Technologies & Innovation
- In 2022, the number of AI-related patents filed worldwide exceeded 110,000
- The global market for virtual reality (VR) and augmented reality (AR) is expected to reach $13.7 billion in 2024
- The number of quantum computer startups increased by 70% from 2018 to 2022
Emerging Technologies & Innovation Interpretation
Technology Market & Industry Insights
- The global computer hardware market size was valued at approximately $1.45 trillion in 2022
- Over 2.7 billion people worldwide use personal computers
- The global software market is projected to reach $1.97 trillion by 2025
- In 2021, approximately 44% of the world's population used the internet
- The average lifespan of a desktop computer is about 5 to 8 years
- The number of active Android devices exceeded 3 billion in 2022
- The global semiconductor market revenue was approximately $555 billion in 2022
- The gaming industry generated around $184.4 billion worldwide in 2022
- About 77% of companies are actively adopting artificial intelligence technologies
- The number of IoT devices worldwide is expected to reach 30.9 billion by 2025
- In 2021, the global mobile operating system market share was 73% Android and 27% iOS
- The enterprise application software market size was valued at $246 billion in 2022
- The number of 5G subscriptions worldwide surpassed 1.2 billion in 2022
- The cost of adopting AI in businesses is expected to reach $126 billion annually by 2025
- The average time to develop a mobile app is approximately 6 months
- The global data storage market was valued at $63.6 billion in 2021 and is projected to grow to $112.7 billion by 2026
- Nearly 90% of organizations are using or evaluating big data analytics
- The number of blockchain wallet users worldwide exceeded 80 million in 2022
- The global quantum computing market is projected to reach $551 million by 2027
- More than 80% of new enterprise IT projects involve some aspect of AI or machine learning
- The total worldwide ICT market (including software, hardware, and services) is valued at over $5 trillion annually
- The number of mobile apps available in app stores surpassed 5.9 million in 2023
- The majority of enterprise data (around 80%) is unstructured
- The average cost of developing a SaaS application ranges from $50,000 to $150,000
- The number of connected cars worldwide is projected to reach over 350 million by 2027
- The average CPU clock speed in consumer PCs increased by approximately 124% from 2010 to 2023
- The adoption of edge computing is expected to grow at a CAGR of 38% from 2022 to 2028
- In 2022, global IT spending was approximately $4.5 trillion
- Data centers consumed about 1% of the world's electricity in 2021, equating to roughly 200 terawatt-hours
- The global chatbot market size was valued at $373 million in 2021 and is expected to grow to $4.8 billion by 2030
- The average cost to implement an enterprise ERP system ranges from $150,000 to $750,000
- The global edge AI market size is projected to reach $1.4 billion by 2028
- The number of data centers worldwide is expected to reach approximately 8,000 by 2024
- The adoption of blockchain technology in supply chain management grew by over 60% in 2022
- The world's largest data center is the Amazon US West Data Center, which spans over 3 million square feet
- The number of AI startups worldwide increased by over 50% between 2020 and 2023
- The cost of developing an IoT device ranges from $50 to $500 depending on complexity
Technology Market & Industry Insights Interpretation
Sources & References
- Reference 1IEAResearch Publication(2024)Visit source
- Reference 2CNETResearch Publication(2024)Visit source
- Reference 3STATISTAResearch Publication(2024)Visit source
- Reference 4IBMResearch Publication(2024)Visit source
- Reference 5CYBERSECURITYVENTURESResearch Publication(2024)Visit source
- Reference 6SAASWORTHYResearch Publication(2024)Visit source
- Reference 7IDCResearch Publication(2024)Visit source
- Reference 8GARTNERResearch Publication(2024)Visit source
- Reference 9GRANTTHORNTONResearch Publication(2024)Visit source
- Reference 10INTERNETOFTHINGSAGENDAResearch Publication(2024)Visit source
- Reference 11SEMICONDUCTORSResearch Publication(2024)Visit source
- Reference 12TECHRADARResearch Publication(2024)Visit source
- Reference 13CIOResearch Publication(2024)Visit source
- Reference 14WIPOResearch Publication(2024)Visit source
- Reference 15MARKETSANDMARKETSResearch Publication(2024)Visit source
- Reference 16FORBESResearch Publication(2024)Visit source
- Reference 17PWCResearch Publication(2024)Visit source
- Reference 18VENTUREBEATResearch Publication(2024)Visit source
- Reference 19GLOBENEWSWIREResearch Publication(2024)Visit source
- Reference 20NEWZOOResearch Publication(2024)Visit source
- Reference 21COINTELEGRAPHResearch Publication(2024)Visit source
- Reference 22QUANTUMCOMPUTINGREPORTResearch Publication(2024)Visit source
- Reference 23TECHREPUBLICResearch Publication(2024)Visit source
- Reference 24RAPID7Research Publication(2024)Visit source