Global IT spending reached 4.7 trillion dollars with an 8.7 percent increase over the prior period. Cloud infrastructure and cybersecurity outlays continue to expand while hiring patterns and services growth differ by region. The statistics that follow detail these variations across market segments.
Key Takeaways
- Global cloud computing market grew 26% in Q4 2023.
- Global cybercrime costs projected to reach $10.5 trillion annually by 2025.
- The global IT industry employed over 52 million people in 2023.
- The global IT services market size was valued at USD 1.2 trillion in 2023 and is projected to reach USD 1.8 trillion by 2030, growing at a CAGR of 6.1%.
- The global cloud computing market adoption rate among enterprises reached 94% in 2023.
Global IT spending is rising fast, driven by cloud, cybersecurity, and digital transformation worldwide.
Related reading
01 · Category
Cloud & Infrastructure28 stats
01
Global cloud computing market grew 26% in Q4 2023.
02
AWS holds 31% market share in global cloud infrastructure in Q1 2024.
03
Microsoft Azure grew 30% YoY in cloud revenue for FY2023.
04
Google Cloud market share reached 11% in Q1 2024.
05
Global hyperscale data center capacity to double by 2027.
06
Edge data centers expected to represent 25% of capacity by 2025.
07
Cloud storage spending hit $125 billion in 2023.
08
50% of enterprise workloads will be cloud-native by 2025.
09
Oracle Cloud Infrastructure grew 49% YoY in Q1 2024.
10
Global colocation market size $50 billion in 2023, growing to $80 billion by 2030.
11
Server market revenue up 78% in Q4 2023 due to AI demand.
12
Private cloud market to grow at 25.4% CAGR to 2028.
13
92% of enterprises using cloud reported cost savings.
14
IaaS market share: AWS 33%, Azure 24%, GCP 11% in 2023.
15
Global data center power demand to triple by 2028.
16
PaaS spending forecast to reach $208 billion by 2027.
17
Multi-cloud users spend 2.5x more than single-cloud.
18
Hyperscalers invested $230 billion in data centers in 2023.
19
Cloud migration completed for 59% of applications in enterprises.
20
FaaS/serverless adoption at 40% of cloud users.
21
Global submarine cable capacity grew 25% in 2023.
22
Enterprise hybrid cloud deployments up 35% YoY.
23
Data center colocation revenue $45.6 billion in 2023.
24
AI-optimized infrastructure spending $67 billion in 2023.
25
Cloud repatriation (move back on-prem) at 24% of organizations.
26
Global 5G infrastructure investment $83 billion in 2023.
27
VMware market share in virtualization declining to 40%.
28
Sovereign cloud demand rising, 30% of EU firms prioritizing.
Interpretation
Cloud & Infrastructure Interpretation
We're building clouds so vast and expensive that the next big thing might just be a witty AI suggesting we all take a deep breath and reconsider the phrase "money to burn."
02 · Category
Cybersecurity & Emerging Tech22 stats
01
Global cybercrime costs projected to reach $10.5 trillion annually by 2025.
02
Ransomware attacks increased 73% in 2023 globally.
03
82% of breaches involve human element (phishing, errors).
04
Global cybersecurity market size $172.24 billion in 2023, to $562.72 billion by 2032.
05
AI-powered cyber threats rose 50% in 2023.
06
300,000 new vulnerabilities disclosed in 2023.
07
Supply chain attacks impacted 45% of organizations in 2023.
08
Global spending on cybersecurity to hit $215 billion in 2024.
09
DDoS attacks peaked at 3.8 Tbps in 2023.
10
94% of malware is delivered via email.
11
Zero-day exploits used in 80% of advanced attacks.
12
Quantum computing threats to encryption by 2030 affect 40% of data.
13
Insider threats cause 20% of breaches, costing $16.2 million avg.
14
IoT devices vulnerable: 1.5 billion attacks in 2023.
15
Cloud misconfigurations lead to 80% of breaches.
16
Generative AI used in 30% of phishing campaigns.
17
Global crypto thefts totaled $3.7 billion in 2023.
18
MFA bypass techniques in 65% of recent breaches.
19
OT cybersecurity incidents up 200% in critical infrastructure.
20
AI anomaly detection reduces breach time by 50%.
21
75% of CISOs report board-level cyber oversight increased.
22
Ransomware payments averaged $1.54 million in 2023.
Interpretation
Cybersecurity & Emerging Tech Interpretation
The alarming projection that cybercrime will cost the world $10.5 trillion annually by 2025 starkly reveals a booming criminal industry, funded in part by our own frantic $215 billion global spending on digital fortresses that are still persistently breached because someone, somewhere, will always click on a cleverly disguised email.
03 · Category
Employment & Workforce30 stats
01
The global IT industry employed over 52 million people in 2023.
02
In the US, the IT sector workforce numbered 5.7 million in 2023.
03
India’s IT-BPM industry employed 5.4 million people as of March 2023: June 2026.
04
The global demand for cybersecurity professionals is expected to reach 3.5 million unfilled jobs by 2025.
05
Women represent only 26% of the global computing workforce.
06
The IT services sector in Europe employed around 4.5 million professionals in 2022.
07
By 2026, 90% of global organizations will have at least one low-code platform in place, creating demand for 1.5 million new developer jobs.
08
The global shortage of cloud computing skills affects 69% of organizations.
09
In 2023, the average salary for a software developer globally was $110,140.
10
China’s IT industry employed 7.2 million people in digital economy roles in 2022.
11
85% of IT jobs that will exist in 2030 haven’t been created yet.
12
The number of DevOps engineers is projected to grow by 20% annually through 2025.
13
In the UK, IT professionals make up 4% of the total workforce, totaling 1.4 million.
14
Global IT training market is driven by need to upskill 70% of workforce by 2025.
15
The data science workforce grew 37% annually from 2012-2019.
16
Brazil’s IT sector employs over 1.5 million people, with 200,000 new jobs in 2023.
17
75% of IT leaders report skills gaps as the biggest barrier to digital transformation.
18
The global number of full-time software developers is estimated at 28.7 million in 2024.
19
In Australia, the ICT workforce is projected to reach 800,000 by 2025.
20
Machine learning engineers saw a 344% annual job demand increase in recent years.
21
Germany’s IT sector shortage stands at 137,000 skilled workers in 2023.
22
The freelance IT workforce globally numbers over 15 million.
23
Japan aims to double its IT workforce to 1 million by 2030.
24
92% of IT decision-makers are concerned about talent shortages.
25
The global blockchain developer workforce is around 30,000 as of 2023.
26
In Canada, tech employment grew 10% to 700,000 in 2023.
27
60% of IT professionals plan to seek new jobs in 2024 due to burnout.
28
South Africa’s ICT sector employs 200,000 formally, with high unemployment among youth.
29
Global IT apprenticeships reached 500,000 in 2023.
30
The number of women in tech roles increased by 25% from 2019-2023.
Interpretation
Employment & Workforce Interpretation
The IT industry employs a vast global army of over fifty-two million people, yet it remains a paradoxical battlefield where unprecedented demand, crippling shortages, and a desperate need for greater diversity collide with burnout and the breakneck creation of jobs that don't even exist yet.
More related reading
04 · Category
Market Size & Growth30 stats
01
The global IT services market size was valued at USD 1.2 trillion in 2023 and is projected to reach USD 1.8 trillion by 2030, growing at a CAGR of 6.1%.
02
Global IT spending reached $4.7 trillion in 2023, with a year-over-year increase of 8.7%.
03
The enterprise software market is expected to grow from $258.31 billion in 2023 to $620.73 billion by 2030 at a CAGR of 13.2%.
04
Worldwide public cloud services end-user spending is forecasted to reach $679.2 billion in 2024, up 20.4% from 2023.
05
The global data center market size was valued at $236.04 billion in 2023 and is projected to grow to $452.53 billion by 2030 at a CAGR of 9.8%.
06
IT spending in the Asia Pacific region is expected to grow by 9.1% in 2024, reaching $1.1 trillion.
07
The global managed services market size was $287.81 billion in 2023 and is anticipated to expand to $435.33 billion by 2030, exhibiting a CAGR of 6.1%.
08
Worldwide IT spending on devices is projected to total $728 billion in 2024, a 4.5% increase from 2023.
09
The software as a service (SaaS) market is valued at $197.21 billion in 2023 and expected to reach $510.67 billion by 2032, growing at CAGR of 11.4%.
10
Global spending on data center systems is forecast to increase 7.1% in 2024 to $238.2 billion.
11
The IT outsourcing market size was valued at USD 603.76 billion in 2023 and is projected to reach USD 1,145.55 billion by 2032, growing at a CAGR of 7.4%.
12
Worldwide IT services spending is projected to grow 7.5% in 2024 to over $1.5 trillion.
13
The global big data market size was valued at $231.01 billion in 2023 and is expected to grow at a CAGR of 13.2% from 2024 to 2030.
14
Public cloud spending in Latin America is projected to grow 25.9% in 2024.
15
The global IoT market size was valued at $318.44 billion in 2023 and is projected to reach $1,599.34 billion by 2030, exhibiting a CAGR of 26.4%.
16
IT spending in Europe is expected to grow 7.8% in 2024.
17
The global ERP software market size was valued at $72.18 billion in 2023 and is projected to reach $130.96 billion by 2032, growing at a CAGR of 6.8%.
18
Worldwide communications service provider IT spending is forecast to grow 3.7% in 2024.
19
The global CRM software market size was valued at $69.69 billion in 2023 and is expected to grow to $148.25 billion by 2032 at a CAGR of 9.8%.
20
IT spending across all industries except financial services is expected to grow faster than the global average in 2024.
21
The global semiconductor market revenue reached $526.9 billion in 2023.
22
The IT market in India is projected to reach $300 billion by 2025.
23
Global R&D spending in ICT sector was $1.4 trillion in 2022.
24
The digital transformation market size was $892.42 billion in 2023 and is projected to reach $3,728.11 billion by 2032 at a CAGR of 17.2%.
25
Worldwide PC shipments totaled 259.5 million units in 2023, up 0.1% from 2022.
26
The global network management system market size was valued at $13.9 billion in 2023 and is expected to grow at a CAGR of 7.2% from 2024 to 2030.
27
Global IT spending on software is expected to grow 13.9% in 2024 to $1 trillion.
28
The telecom services market size was valued at $1,908.5 billion in 2023 and is projected to grow to $2,682.3 billion by 2030 at a CAGR of 5%.
29
Global data creation is projected to reach 181 zettabytes by 2025.
30
The global AI market size was valued at $196.63 billion in 2023 and is projected to reach $1,811.75 billion by 2030, growing at a CAGR of 36.6%.
Interpretation
Market Size & Growth Interpretation
Even as our devices become modestly smarter at a leisurely 4.5% clip, the collective global enterprise is frantically spending trillions to build the digital brain—all powered by a frantic race in AI, cloud, and data—that will actually do the thinking for them.
05 · Category
Technology Trends & Adoption30 stats
01
The global cloud computing market adoption rate among enterprises reached 94% in 2023.
02
97% of organizations are using or investigating AI technologies as of 2023.
03
Blockchain technology adoption in supply chain management grew by 45% in 2023.
04
89% of executives say digital transformation is a company priority in 2024.
05
Global 5G connections are expected to reach 2.9 billion by end of 2025.
06
75% of enterprises use multi-cloud strategies in 2023.
07
Adoption of edge computing increased to 60% among large enterprises in 2023.
08
52% of organizations have implemented zero-trust security models by 2023.
09
Low-code/no-code platforms are used by 65% of development teams globally.
10
Global VR/AR market penetration in enterprises reached 25% in 2023.
11
80% of companies plan to increase generative AI investments in 2024.
12
RPA adoption rate stands at 45% in finance sectors worldwide.
13
70% of telecom operators have deployed network automation by 2023.
14
Sustainable IT practices adopted by 55% of global firms in 2023.
15
Quantum computing pilots underway in 20% of Fortune 500 companies.
16
Digital twin technology used in 35% of manufacturing firms globally.
17
API management platforms adopted by 92% of enterprises.
18
Metaverse enterprise adoption at 15% with 40% planning entry by 2026.
19
Hyperautomation initiatives in 30% of large organizations in 2023.
20
5G standalone deployments in 25 countries as of 2023.
21
Generative AI usage in business functions: 65% in marketing, 55% in product development.
22
Containerization (Kubernetes) used by 83% of organizations.
23
Phishing attacks saw a 58% increase in adoption of MFA as countermeasure.
24
48% of enterprises use AI for cybersecurity threat detection.
25
IoT devices connected globally reached 16.6 billion in 2023.
26
Blockchain smart contracts executed over 10 million times daily in 2023.
27
Robotic process automation market adoption grew 40% YoY.
28
62% of organizations use hybrid cloud models.
29
Digital payment adoption reached 85% in emerging markets.
30
AI ethics frameworks implemented in 40% of tech firms.
Interpretation
Technology Trends & Adoption Interpretation
It seems the entire corporate world is now frantically assembling the same high-tech, multi-cloud, AI-driven, hyper-automated, and quantum-curious digital Frankenstein's monster, all while desperately trying to teach it ethics and shield it from phishing attacks.
Reference
Cite This Report
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APA
Marcus Afolabi. (2026, February 13). Global IT Industry Statistics. Gitnux. https://gitnux.org/global-it-industry-statistics
MLA
Marcus Afolabi. "Global IT Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/global-it-industry-statistics.
Chicago
Marcus Afolabi. 2026. "Global IT Industry Statistics." Gitnux. https://gitnux.org/global-it-industry-statistics.
Sources & references
86 datasets cited across this report · attribution is report-level