GITNUXREPORT 2025

Information Technology Industry Statistics

IT industry revenues hit $5 trillion; AI, cloud, cybersecurity, and IoT thrive.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

The average cost of a data breach in 2023 was $4.45 million globally

Statistic 2

The number of data breaches in the healthcare sector increased by 55% in 2023

Statistic 3

Around 60% of companies globally consider cybersecurity a top priority in 2023

Statistic 4

Approximately 90% of data breaches are caused by human error

Statistic 5

The percentage of IT budgets allocated to cybersecurity increased to over 12% in 2023, the highest in recent years

Statistic 6

The number of cybersecurity regulations and standards worldwide increased by 25% in 2023, reflecting increased global focus on security

Statistic 7

The number of AI startups worldwide reached over 2,600 in 2023

Statistic 8

In 2023, data center IP traffic will account for over 20% of all internet traffic

Statistic 9

The number of connected devices worldwide is projected to reach 29.3 billion by 2024

Statistic 10

The average age of the global data center is approximately 17 years, with some facilities over 30 years old

Statistic 11

Approximately 85% of all enterprise workloads will be in the cloud by 2024, according to industry reports

Statistic 12

The digitization of business processes is expected to lead to a $10.4 trillion increase in global GDP by 2030

Statistic 13

The global information technology industry revenue was valued at approximately $5 trillion in 2023

Statistic 14

Microsoft’s cloud business grew by 24% year-over-year in FY2023

Statistic 15

The number of active mobile broadband subscriptions globally surpassed 8 billion in 2023

Statistic 16

The global cybersecurity market size is expected to reach $173.3 billion by 2024

Statistic 17

The global cloud computing market is projected to reach $832.1 billion by 2025

Statistic 18

The global enterprise software market will be worth approximately $590 billion in 2023

Statistic 19

By 2024, the number of 5G connections is expected to reach nearly 3.9 billion globally

Statistic 20

The global e-commerce sales are projected to reach $6.5 trillion in 2023, representing about 19% of total retail sales

Statistic 21

The number of worldwide digital payments users is projected to reach over 4.4 billion in 2023

Statistic 22

The global IoT market is expected to grow to $1.7 trillion by 2023

Statistic 23

The US accounts for approximately 35% of global enterprise IT spending in 2023

Statistic 24

The global standalone VR headset market size was valued at $1.5 billion in 2022 and is expected to grow significantly through 2025

Statistic 25

As of 2023, the top three cloud providers—Amazon Web Services, Microsoft Azure, and Google Cloud—hold over 60% of the global cloud market share

Statistic 26

The cybersecurity workforce shortage projected for 2024 is around 3.4 million unfilled positions worldwide

Statistic 27

The number of blockchain wallet users surpassed 84 million globally in 2023

Statistic 28

The global IT services market is projected to reach $1.2 trillion by 2024

Statistic 29

The global market for augmented reality (AR) is expected to surpass $25 billion by 2025

Statistic 30

The global SaaS market is forecasted to grow at a CAGR of over 11% from 2023 to 2028, reaching approximately $380 billion by 2028

Statistic 31

The total global PC shipments in 2023 decreased by 12% compared to the previous year

Statistic 32

The average revenue per cloud data center in North America is approximately $45 million annually

Statistic 33

The global data storage market is projected to reach $140 billion by 2026

Statistic 34

Total spend on enterprise IT hardware is expected to reach $250 billion in 2023

Statistic 35

The global virtual event industry is projected to be worth over $77 billion by 2028

Statistic 36

The global open-source software market is projected to grow to $35 billion by 2024

Statistic 37

The number of 3D printers worldwide increased by over 50% in 2023, reaching approximately 1.4 million units

Statistic 38

The average cost of deploying a new enterprise software system ranges from $1 million to $10 million, depending on complexity

Statistic 39

The global quantum computing market size was valued at around $472 million in 2023 and is expected to grow rapidly

Statistic 40

The number of active IoT devices in smart homes is estimated to reach 2.4 billion globally by 2025

Statistic 41

The total number of global mobile gamers is over 2.7 billion in 2023, contributing significantly to the gaming industry revenue

Statistic 42

The worldwide quantum cryptography market is expected to grow at a CAGR of 24% from 2023 to 2028

Statistic 43

The global outsourcing market in IT services is valued at over $411 billion in 2023

Statistic 44

The average lifespan of a data center is approximately 12-15 years before major upgrades are needed

Statistic 45

The penetration of wearable technology in the global market was about 30% in 2023, with health and fitness trackers leading the adoption

Statistic 46

Internet penetration rate worldwide reached 67.2% in 2023

Statistic 47

Over 5.1 billion people had internet access in 2023, accounting for about 65% of the world’s population

Statistic 48

Over 85% of organizations worldwide are using cloud services in some capacity as of 2023

Statistic 49

In 2023, the average gigabit Ethernet speed offered by internet service providers in advanced economies is over 900 Mbps

Statistic 50

The average time spent on mobile apps globally increased to about 4.2 hours per day in 2023

Statistic 51

The average employee spends around 25% of their work week using IT systems and devices

Statistic 52

Over 70% of the global population has used social media platforms in 2023

Statistic 53

In 2023, AI-powered chatbots are estimated to handle over 1.4 billion interactions per day globally

Statistic 54

In 2023, enterprise social media adoption rates increased to over 75% among large organizations

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Sources

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Key Highlights

The global information technology industry revenue was valued at approximately $5 trillion in 2023
Internet penetration rate worldwide reached 67.2% in 2023
Microsoft’s cloud business grew by 24% year-over-year in FY2023
The number of active mobile broadband subscriptions globally surpassed 8 billion in 2023
The global cybersecurity market size is expected to reach $173.3 billion by 2024
Over 5.1 billion people had internet access in 2023, accounting for about 65% of the world’s population
The global cloud computing market is projected to reach $832.1 billion by 2025
The number of AI startups worldwide reached over 2,600 in 2023
The global enterprise software market will be worth approximately $590 billion in 2023
In 2023, data center IP traffic will account for over 20% of all internet traffic
By 2024, the number of 5G connections is expected to reach nearly 3.9 billion globally
The global e-commerce sales are projected to reach $6.5 trillion in 2023, representing about 19% of total retail sales
Over 85% of organizations worldwide are using cloud services in some capacity as of 2023

The booming $5 trillion global IT industry in 2023, fueled by rapid advancements in cloud computing, AI, and IoT, continues to reshape our digital landscape at an unprecedented pace.

Cybersecurity and Data Privacy

The average cost of a data breach in 2023 was $4.45 million globally
The number of data breaches in the healthcare sector increased by 55% in 2023
Around 60% of companies globally consider cybersecurity a top priority in 2023
Approximately 90% of data breaches are caused by human error
The percentage of IT budgets allocated to cybersecurity increased to over 12% in 2023, the highest in recent years
The number of cybersecurity regulations and standards worldwide increased by 25% in 2023, reflecting increased global focus on security

Cybersecurity and Data Privacy Interpretation

As data breaches now cost a staggering $4.45 million on average and are driven predominantly by human error, it's clear that while companies are pouring over 12% of their IT budgets into cybersecurity—and governments are tightening the standards—the human factor remains the frontline battleground in safeguarding our digital world.

Industry Growth and Market Trends

The number of AI startups worldwide reached over 2,600 in 2023
In 2023, data center IP traffic will account for over 20% of all internet traffic
The number of connected devices worldwide is projected to reach 29.3 billion by 2024
The average age of the global data center is approximately 17 years, with some facilities over 30 years old
Approximately 85% of all enterprise workloads will be in the cloud by 2024, according to industry reports
The digitization of business processes is expected to lead to a $10.4 trillion increase in global GDP by 2030

Industry Growth and Market Trends Interpretation

As AI startups surge past 2,600 and nearly a third of internet traffic floods data centers, the world's 29.3 billion connected devices and aging infrastructure underscore that in the race to digitize and cloudify, innovation must outpace obsolescence to sustain our $10.4 trillion economic leap by 2030.

Market Size, Revenue, and Investment

The global information technology industry revenue was valued at approximately $5 trillion in 2023
Microsoft’s cloud business grew by 24% year-over-year in FY2023
The number of active mobile broadband subscriptions globally surpassed 8 billion in 2023
The global cybersecurity market size is expected to reach $173.3 billion by 2024
The global cloud computing market is projected to reach $832.1 billion by 2025
The global enterprise software market will be worth approximately $590 billion in 2023
By 2024, the number of 5G connections is expected to reach nearly 3.9 billion globally
The global e-commerce sales are projected to reach $6.5 trillion in 2023, representing about 19% of total retail sales
The number of worldwide digital payments users is projected to reach over 4.4 billion in 2023
The global IoT market is expected to grow to $1.7 trillion by 2023
The US accounts for approximately 35% of global enterprise IT spending in 2023
The global standalone VR headset market size was valued at $1.5 billion in 2022 and is expected to grow significantly through 2025
As of 2023, the top three cloud providers—Amazon Web Services, Microsoft Azure, and Google Cloud—hold over 60% of the global cloud market share
The cybersecurity workforce shortage projected for 2024 is around 3.4 million unfilled positions worldwide
The number of blockchain wallet users surpassed 84 million globally in 2023
The global IT services market is projected to reach $1.2 trillion by 2024
The global market for augmented reality (AR) is expected to surpass $25 billion by 2025
The global SaaS market is forecasted to grow at a CAGR of over 11% from 2023 to 2028, reaching approximately $380 billion by 2028
The total global PC shipments in 2023 decreased by 12% compared to the previous year
The average revenue per cloud data center in North America is approximately $45 million annually
The global data storage market is projected to reach $140 billion by 2026
Total spend on enterprise IT hardware is expected to reach $250 billion in 2023
The global virtual event industry is projected to be worth over $77 billion by 2028
The global open-source software market is projected to grow to $35 billion by 2024
The number of 3D printers worldwide increased by over 50% in 2023, reaching approximately 1.4 million units
The average cost of deploying a new enterprise software system ranges from $1 million to $10 million, depending on complexity
The global quantum computing market size was valued at around $472 million in 2023 and is expected to grow rapidly
The number of active IoT devices in smart homes is estimated to reach 2.4 billion globally by 2025
The total number of global mobile gamers is over 2.7 billion in 2023, contributing significantly to the gaming industry revenue
The worldwide quantum cryptography market is expected to grow at a CAGR of 24% from 2023 to 2028
The global outsourcing market in IT services is valued at over $411 billion in 2023
The average lifespan of a data center is approximately 12-15 years before major upgrades are needed
The penetration of wearable technology in the global market was about 30% in 2023, with health and fitness trackers leading the adoption

Market Size, Revenue, and Investment Interpretation

With $5 trillion in revenue, a growing cybersecurity market nearing $173 billion, and over 8 billion active mobile broadband subscriptions fueling a global digital ecosystem that includes nearly 4 billion 5G connections, it's clear that the IT industry is not just booming—it's the digital backbone of our future, even as we face workforce shortages, mounting cybersecurity threats, and a rapidly evolving landscape of cloud services, IoT devices, and immersive technologies.

Technology Adoption and Usage

Internet penetration rate worldwide reached 67.2% in 2023
Over 5.1 billion people had internet access in 2023, accounting for about 65% of the world’s population
Over 85% of organizations worldwide are using cloud services in some capacity as of 2023
In 2023, the average gigabit Ethernet speed offered by internet service providers in advanced economies is over 900 Mbps
The average time spent on mobile apps globally increased to about 4.2 hours per day in 2023
The average employee spends around 25% of their work week using IT systems and devices
Over 70% of the global population has used social media platforms in 2023
In 2023, AI-powered chatbots are estimated to handle over 1.4 billion interactions per day globally
In 2023, enterprise social media adoption rates increased to over 75% among large organizations

Technology Adoption and Usage Interpretation

As the world's digital footprint expands—with over two-thirds of humanity connected, cloud services ubiquitous, and AI chatbots handling billions daily—2023 confirms that while our devices now permeate every aspect of life and work, the real sophistication lies in seamlessly weaving technology into human interaction without losing sight of what makes us truly connected.