The Latest Global It Industry Statistics Explained
The global IT industry generated approximately $4.8 trillion in 2020.
The statistic that the global IT industry generated approximately $4.8 trillion in 2020 is indicative of the significant economic contribution and scale of the industry on a worldwide level. This figure represents the total revenue generated by the IT sector, encompassing various segments such as hardware, software, services, and telecommunications. The substantial size of the industry highlights the vital role that technology plays in modern society, driving innovation, efficiency, and connectivity across all sectors of the economy. The robust financial performance of the IT industry in 2020 underscores its resilience and adaptability, even in the face of global challenges such as the COVID-19 pandemic.
About 75 million people work in the IT industry globally.
The statistic stating that about 75 million people work in the IT industry globally encapsulates the significant scale and importance of the sector in today’s interconnected world. This figure represents the vast workforce dedicated to developing, maintaining, and innovating technologies that drive our digital economy. With the increasing reliance on technology across industries and daily life, the IT industry plays a crucial role in fostering economic growth, creating job opportunities, and shaping the way we live and work. This statistic highlights the widespread impact and reach of the IT industry on a global scale, indicating the prevalence and influence of tech-related professions in the modern workforce.
India’s IT and business services market is expected to grow by 7.8% to reach $14 billion by 2021.
This statistic indicates that the Information Technology (IT) and business services market in India is projected to experience a growth rate of 7.8% in the year 2021, with the market size expected to reach $14 billion by the end of the year. This growth suggests an increasing demand for IT and business services in India, likely driven by factors such as digital transformation initiatives, globalization, and the adoption of new technologies by businesses. The robust expansion of this market signifies opportunities for industry players to tap into the growing demand for IT solutions and services in India, presenting potential for business expansion and innovation within the sector.
Globally, the Managed Services market size is expected to grow at a CAGR of 7.9% from 2020 to 2025, reaching $274.20 billion.
The statistic indicates that the managed services market is projected to experience significant growth over the period from 2020 to 2025, with a Compound Annual Growth Rate (CAGR) of 7.9%. This implies that the market size is forecasted to expand steadily at an annual rate of 7.9% during this period. By the end of 2025, the market is expected to reach a total value of $274.20 billion. This growth trajectory suggests increasing demand for managed services worldwide, driven by factors such as the adoption of cloud computing, digital transformation initiatives, and the need for businesses to outsource IT and operational functions to specialized service providers.
The number of Internet of Things (IoT) connected devices will amount to 75.44 billion worldwide by 2025.
The statistic that the number of Internet of Things (IoT) connected devices will amount to 75.44 billion worldwide by 2025 signifies a significant growth in the adoption and deployment of IoT technology. This projection indicates a rapid expansion in the use of interconnected devices that can gather and exchange data autonomously, leading to enhanced efficiency, automation, and connectivity in various industries and daily life. The proliferation of IoT devices highlights the increasingly interconnected nature of our world and the growing reliance on smart technology to improve processes, decision-making, and overall convenience. Such a substantial increase in IoT devices by 2025 underscores the transformative impact of this technology on the way we live, work, and interact with our surroundings.
The global cloud computing market was expected to grow to $832 billion in value by the end of 2021.
The statistic indicates that the global cloud computing market was projected to reach a value of $832 billion by the conclusion of 2021. This highlights a substantial growth trajectory in the cloud computing industry, reflecting an increasing reliance on cloud-based services and technologies across various sectors. The growing demand for cloud services can be attributed to factors such as scalability, cost-efficiency, and accessibility. This statistic underscores the significant role that cloud computing plays in modern business operations, as organizations continue to adopt cloud solutions to enhance efficiency, agility, and innovation in today’s digital landscape.
Lower-income countries could capture $2 trillion of the potential $6 trillion benefit from full digitalization, which could increase their GDP by 6% by 2025.
This statistic suggests that lower-income countries stand to gain a significant economic benefit by embracing full digitalization. Specifically, these countries have the potential to capture $2 trillion of the total estimated benefit of $6 trillion from digitalization, which could lead to a projected 6% increase in their GDP by 2025. This indicates that leveraging digital technologies and integrating them into various sectors of their economies could result in substantial growth opportunities and potentially level the playing field with higher-income countries. The statistic underscores the importance of investing in digital infrastructure and capabilities as a means to drive economic development and enhance competitiveness in the global market.
It is estimated that there will be 4.97 billion global mobile internet users by 2025.
The statistic indicates that by the year 2025, it is projected that there will be approximately 4.97 billion individuals worldwide who will be using mobile internet services. This estimate suggests a significant increase in the number of people accessing the internet through mobile devices in the coming years. The growing accessibility and affordability of smartphones and mobile data plans are likely contributing factors to this trend. This statistic is crucial for businesses and policymakers to recognize the continued importance of mobile platforms for reaching and engaging with a large global audience.
In 2021, the IT service industry was the fastest growing segment in the United States, with a market volume of US$760,149m.
The statistic indicates that in 2021, the IT service industry experienced significant growth in the United States, outpacing other segments within the economy. The market volume of US$760,149 million showcases the substantial size and expansion of the IT service sector during that year. This growth could be attributed to various factors such as increased digitization trends, the transition to remote work due to the COVID-19 pandemic, and the heightened demand for technology solutions across industries. The statistic highlights the importance of the IT service industry as a key driver of economic growth and innovation in the United States, positioning it as a vital sector contributing to the overall economic landscape.
Cloud providers’ Energy Consumption is projected to increase to 21% of total IT workload energy consumption by 2030.
The statistic regarding cloud providers’ energy consumption projected to increase to 21% of total IT workload energy consumption by 2030 suggests a substantial shift in the energy landscape of the IT industry. As cloud computing continues to grow and evolve, so does the energy demand required to power and maintain these services. This increase in energy consumption highlights both the increasing reliance on cloud services across various sectors and the potential environmental impact of such growth. It underscores the importance of developing sustainable practices and exploring renewable energy sources to mitigate the potential environmental consequences of this projected increase in energy consumption by cloud providers.
The Information Service Segment in the global IT market accounts for approximately 30%.
The statistic that the Information Service Segment in the global IT market accounts for approximately 30% indicates that this particular segment holds a significant market share relative to other segments within the IT industry worldwide. This suggests that information services, which encompass a range of activities related to the processing and dissemination of data and information, play a substantial role in driving the overall growth and revenue within the IT market. Companies operating within the Information Service Segment are likely to be key players in the industry, offering services such as data analytics, cloud computing, cybersecurity, and software development, among others. As such, understanding the dynamics and trends within this segment is crucial for stakeholders seeking to capitalize on opportunities and navigate challenges in the competitive global IT market.
The Software Segment is forecast to grow at over 11.0% CAGR and reach a market size of $288.5 Billion by the end of the analysis period.
This statistic indicates that the software segment of the market is projected to experience significant growth at a compound annual growth rate (CAGR) of over 11.0% over the analysis period. This growth trajectory is expected to propel the market size of the software segment to $288.5 billion by the end of the analysis period. The forecasted growth rate suggests a strong demand for software products and services within the market, likely driven by factors such as increasing technological advancements, digital transformation initiatives across various industries, and the rising adoption of software solutions for business operations and consumer needs. The substantial market size projected further underscores the importance and potential opportunities within the software segment for businesses operating in this sector.
The global Business Process as a Service (BPaaS) market size was valued at $45.6 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.7% until 2027.
This statistic indicates that in 2019, the global Business Process as a Service (BPaaS) market reached a value of $45.6 billion. Additionally, it suggests that this market is projected to experience steady growth at a compound annual growth rate (CAGR) of 8.7% until the year 2027. This growth rate signifies the expected annual increase in market size over this period. The forecasted growth in the BPaaS market highlights a promising outlook for businesses offering such services, driven by factors such as increasing adoption of cloud-based solutions and digital transformation initiatives across various industries.
Global cloud data center traffic is expected to reach 20.6 zettabytes (ZB) per year by 2021.
This statistic indicates that the amount of data traffic generated by cloud data centers worldwide is projected to grow significantly to reach 20.6 zettabytes annually by 2021. This growth reflects the increasing reliance on cloud computing services and the proliferation of data-intensive applications and technologies. The rise in cloud data center traffic is driven by factors such as the growing popularity of streaming services, IoT devices, and big data analytics, which all contribute to the exponential increase in data volume. As organizations continue to migrate their operations to the cloud and as individual users consume more digital services, the demand for data storage and processing in cloud data centers is poised to escalate rapidly over the coming years.
In 2021, 32% of organizations were victims of cybercrime.
The statistic ‘In 2021, 32% of organizations were victims of cybercrime’ indicates that nearly one-third of organizations experienced some form of cyber attack or security breach during the year. This highlights the prevalent and significant threat that cybercrime poses to businesses globally. The impacts of cybercrime can range from financial losses and data breaches to reputational damage and operational disruptions. Therefore, this statistic underscores the critical importance for organizations to continuously enhance their cybersecurity measures and readiness to protect their assets, data, and stakeholders from evolving cyber threats.
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