GITNUX MARKETDATA REPORT 2024

Enterprise It Industry Statistics

The Enterprise IT industry is projected to experience continued growth in revenue and investment, driven by advancements in technology and digital transformation initiatives across various sectors.

With sources from: fortunebusinessinsights.com, forbes.com, mckinsey.com, globalnewswire.com and many more

Statistic 1

By 2026, the global IT services market size will grow to over $1 trillion USD.

Statistic 2

70% of companies claim to be undertaking digital transformation, a market estimated to be worth $2 trillion globally by 2022.

Statistic 3

The cybersecurity market was worth $167 billion in 2020 and predicted to reach $366 billion by 2028.

Statistic 4

85% of companies have already adopted the cloud to some capacity.

Statistic 5

In 2020, IT departments were reported to waste $40.1 billion on paying for unused software.

Statistic 6

73% of organizations have at least one application, or a portion of their computing infrastructure in the cloud.

Statistic 7

81.2% of companies are normally operating their big data applications in the cloud.

Statistic 8

By 2025, 80% of enterprises will shut down their traditional data centers in favor of cloud services.

Statistic 9

60% of businesses are increasing their deployment of AI systems to enhance the existing applications.

Statistic 10

The global market for enterprise network equipment is projected to reach $40.7 billion by 2027.

Statistic 11

By 2022, it is expected that 40% of all new enterprise applications will include AI technologies.

Statistic 12

After implementing robotic process automation, 53% of businesses reported a boost in employee engagement and productivity.

Statistic 13

Following the COVID-19 pandemic, 41% of business leaders plan to accelerate their digital transformation.

Statistic 14

Public cloud spending is expected to reach $500 billion by 2023.

Statistic 15

81% of businesses report their cloud services budget will increase over the next year.

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In this post, we explore a range of compelling statistics shaping the landscape of the enterprise IT industry. From the exponential growth projected in global markets to the increasing adoption of transformative technologies, these data points provide valuable insights into the evolving dynamics of modern businesses.

Statistic 1

"By 2026, the global IT services market size will grow to over $1 trillion USD."

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Statistic 2

"70% of companies claim to be undertaking digital transformation, a market estimated to be worth $2 trillion globally by 2022."

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Statistic 3

"The cybersecurity market was worth $167 billion in 2020 and predicted to reach $366 billion by 2028."

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Statistic 4

"85% of companies have already adopted the cloud to some capacity."

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Statistic 5

"In 2020, IT departments were reported to waste $40.1 billion on paying for unused software."

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Statistic 6

"73% of organizations have at least one application, or a portion of their computing infrastructure in the cloud."

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Statistic 7

"81.2% of companies are normally operating their big data applications in the cloud."

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Statistic 8

"By 2025, 80% of enterprises will shut down their traditional data centers in favor of cloud services."

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Statistic 9

"60% of businesses are increasing their deployment of AI systems to enhance the existing applications."

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Statistic 10

"The global market for enterprise network equipment is projected to reach $40.7 billion by 2027."

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Statistic 11

"By 2022, it is expected that 40% of all new enterprise applications will include AI technologies."

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Statistic 12

"After implementing robotic process automation, 53% of businesses reported a boost in employee engagement and productivity."

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Statistic 13

"Following the COVID-19 pandemic, 41% of business leaders plan to accelerate their digital transformation."

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Statistic 14

"Public cloud spending is expected to reach $500 billion by 2023."

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Statistic 15

"81% of businesses report their cloud services budget will increase over the next year."

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Interpretation

The statistics presented paint a clear picture of the growing trends and transformations within the enterprise IT industry. From the significant market size projections in IT services and digital transformation to the increasing adoption of cloud services, AI systems, and cybersecurity measures, it is evident that businesses are prioritizing technological advancements to streamline operations and boost productivity. The data also highlight the potential benefits of investing in areas such as robotic process automation and public cloud services. With a major shift towards cloud-based solutions and emerging technologies, it is crucial for companies to adapt and evolve to stay competitive in the ever-changing landscape of the IT sector.

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