Data centers are projected to drive 18 percent of global electricity demand growth. Public cloud services are expected to reach 1.3 trillion dollars. The latest statistics examine spending patterns, security incidents, and technology adoption across the sector.
Key Takeaways
- 1.6% of global greenhouse gas emissions were from the ICT sector in 2022
- 2.5% of global electricity demand was used by data centers and ICT networks in 2022
- 18% of global electricity demand growth between 2022 and 2024 is projected to come from data centers
- The global public cloud services market is projected to reach $1.3 trillion in 2025
- The global public cloud services market is projected to reach $679.6 billion in 2024
- The global cloud infrastructure and platform services market is expected to reach $482.9 billion in 2024
- Serverless computing can reduce infrastructure costs by 30% to 60% compared with traditional provisioning (reported by industry case studies)
- The 2024 worldwide average cost per record for a breach was $165 (Verizon DBIR notes average)
- In 2023, the average cost of a cloud data breach was $3.15 million (IBM/Ponemon estimate in report)
- The percentage of breaches involving malware was 19% in Verizon DBIR 2024 (reported categories)
- The percentage of breaches involving stolen credentials was 29% in Verizon DBIR 2024 (reported categories)
- The percentage of breaches with the use of phishing as the initial vector was 36% in Verizon DBIR 2024
- The U.S. Bureau of Labor Statistics reports that IT-related jobs had a mean annual wage of $93,000 in 2023 for computer and mathematical occupations
- In 2023, 86% of US individuals used the internet (ITU/US estimate reflected in ITU data via BLS/ITU context)
- In IBM’s survey, 49% of enterprises reported using AI in at least one business function in 2023
In 2024 and beyond, data centers, cloud, and AI are surging while cybersecurity costs rise fast.
Related reading
01 · Category
Industry Trends8 stats
01
1.6% of global greenhouse gas emissions were from the ICT sector in 2022
02
2.5% of global electricity demand was used by data centers and ICT networks in 2022
03
18% of global electricity demand growth between 2022 and 2024 is projected to come from data centers
04
4.3 billion people used social media in 2023 (excluding duplicates)
05
1.0% of global GDP was spent on cyber security in 2023
06
Worldwide spending on security and risk management technologies reached $188.3 billion in 2023
07
Worldwide spending on security and risk management technologies is projected to reach $248.7 billion in 2024
08
Global cybersecurity spending is projected to reach $214.2 billion in 2024
Interpretation
Industry Trends Interpretation
As data centers are projected to drive 18% of the global electricity demand growth from 2022 to 2024 while ICT already accounts for 1.6% of greenhouse gas emissions, the sector is growing fast even as global cybersecurity spending rises to 214.2 billion dollars in 2024.
02 · Category
Market Size20 stats
01
The global public cloud services market is projected to reach $1.3 trillion in 2025
02
The global public cloud services market is projected to reach $679.6 billion in 2024
03
The global cloud infrastructure and platform services market is expected to reach $482.9 billion in 2024
04
The global AI software market is forecast to reach $154.3 billion in 2024
05
The global generative AI market is forecast to reach $66.9 billion in 2024
06
Global enterprise spending on AI software is forecast to total $300.4 billion in 2025
07
The global digital transformation market size was $1.0 trillion in 2023
08
The global fintech market size was $266.7 billion in 2023
09
The global robotics market is forecast to reach $75.2 billion in 2030
10
The global PC market shipped 261.9 million units in 2023
11
The global PC market is projected to ship 291.9 million units in 2024
12
The global smartphone market shipped 1.24 billion units in 2023
13
Smartphone shipments are projected to reach 1.24 billion units in 2024
14
The global enterprise IT spending is forecast to total $5.1 trillion in 2024
15
Worldwide IT spending reached $4.6 trillion in 2023
16
Global IT spending is projected to grow 8.0% in 2024
17
The global IT services market is forecast to reach $1.2 trillion in 2024
18
The IT services market is expected to grow by 7.5% in 2024
19
Enterprise software spending worldwide is forecast to reach $826.0 billion in 2024
20
Enterprise application software spending is forecast to total $493.0 billion in 2024
Interpretation
Market Size Interpretation
Across the stack from cloud to AI to enterprise IT, the market is accelerating fast, with public cloud services projected to rise to $1.3 trillion by 2025 while enterprise spending on AI software is expected to reach $300.4 billion in 2025.
03 · Category
Cost Analysis7 stats
01
Serverless computing can reduce infrastructure costs by 30% to 60% compared with traditional provisioning (reported by industry case studies)
02
The 2024 worldwide average cost per record for a breach was $165(Verizon DBIR notes average)
03
In 2023, the average cost of a cloud data breach was $3.15 million (IBM/Ponemon estimate in report)
04
Global spending on IT services was $1.3 trillion in 2023 (Gartner forecast base year)
05
Software and IT services spending by enterprises is projected to be $2.0 trillion worldwide in 2024
06
Total healthcare IT spending in the U.S. reached $104.0 billion in 2022 (HIMSS/US data)
07
Healthcare IT spending in the U.S. is projected to reach $124.0 billion by 2025 (HIMSS/US data)
Interpretation
Cost Analysis Interpretation
With global IT services spending reaching $1.3 trillion in 2023 and enterprise software and IT services projected to hit $2.0 trillion in 2024, organizations are putting more money into the cloud while still facing major risk, since the average breach cost is $165 per record and a cloud data breach averages $3.15 million.
More related reading
04 · Category
Performance Metrics13 stats
01
The percentage of breaches involving malware was 19% in Verizon DBIR 2024 (reported categories)
02
The percentage of breaches involving stolen credentials was 29% in Verizon DBIR 2024 (reported categories)
03
The percentage of breaches with the use of phishing as the initial vector was 36% in Verizon DBIR 2024
04
The percentage of breaches with hacking as an incident type was 68% in Verizon DBIR 2024
05
The percentage of breaches where human error was a contributing factor was 74% in Verizon DBIR 2024
06
Email was involved in 54% of breaches (initial vector categories include phishing and social engineering) per Verizon DBIR 2024
07
DNS misconfiguration accounted for a measurable share of breaches and exposures in common vulnerability statistics; (example) OWASP Top 10: 2021 category Injection prevalence at 2024 dataset shows top risk as SQL Injection
08
In OWASP Top 10:2021, injection remains ranked #1 (category prevalence as documented by OWASP)
09
OWASP Top 10:2021 lists Broken Access Control as the #2 risk
10
Google reports that removing 0.1 seconds of latency can improve conversions (reported relationship as 8% in some studies)
11
A 1-second improvement in page load time can increase conversions by up to 27% (case study figure)
12
In Gartner’s cloud survey, 82% of organizations reported increased IT speed after cloud adoption
13
Gartner reported 67% of organizations expect faster time-to-market from cloud adoption
Interpretation
Performance Metrics Interpretation
Across Verizon DBIR 2024, phishing leads 36% of breaches and hacking accounts for 68%, while human error contributes to 74% and stolen credentials show up in 29%, underscoring how strongly attack delivery, access compromise, and process weaknesses drive incident outcomes.
05 · Category
User Adoption11 stats
01
The U.S. Bureau of Labor Statistics reports that IT-related jobs had a mean annual wage of $93,000in 2023 for computer and mathematical occupations
02
In 2023, 86% of US individuals used the internet (ITU/US estimate reflected in ITU data via BLS/ITU context)
03
In IBM’s survey, 49% of enterprises reported using AI in at least one business function in 2023
04
In a 2023 Gartner survey, 35% of organizations reported using generative AI
05
Gartner projected that 80% of enterprises will use generative AI for at least one use case by 2026
06
In 2023, 54% of enterprises were using cloud for at least some workloads (Gartner cloud adoption survey figure)
07
In Gartner’s 2023 survey, 78% of organizations had adopted cloud in some way
08
In 2024, 63% of organizations reported adoption of zero trust security models (CrowdStrike or ZT survey)
09
In 2023, 61% of organizations were using endpoint detection and response (EDR) (Gartner/industry adoption survey figure)
10
In the 2023 Microsoft Digital Defense Report, 69% of defenders stated they use AI in security operations (Microsoft)
11
In 2023, 56% of companies had integrated security tools with a SIEM (industry survey)
Interpretation
User Adoption Interpretation
With 86% of Americans using the internet and major enterprises rapidly adopting new technologies, the clearest trend is that generative AI is moving from early uptake to mainstream use, rising from 35% of organizations using it in 2023 to Gartner’s projection that 80% of enterprises will use it for at least one use case by 2026.
Reference
Cite This Report
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APA
Lars Eriksen. (2026, February 13). Hi Tech Industry Statistics. Gitnux. https://gitnux.org/hi-tech-industry-statistics
MLA
Lars Eriksen. "Hi Tech Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/hi-tech-industry-statistics.
Chicago
Lars Eriksen. 2026. "Hi Tech Industry Statistics." Gitnux. https://gitnux.org/hi-tech-industry-statistics.
Sources & references
36 datasets cited across this report · attribution is report-level
+20 additional datasets cited (not shown individually)