GITNUX MARKETDATA REPORT 2024

Information Technology Industry Statistics

The Information Technology industry is expected to continue growing rapidly, driven by advancements in artificial intelligence, cloud computing, and increased digitalization across sectors.

Statistic 1

"As of 2021, the global IT industry is projected to reach $5.2 trillion."

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Statistic 2

"In 2020, the U.S spent an estimated $1.4 trillion in the tech sector."

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Statistic 3

"Approximately 84% of businesses now utilize cloud infrastructure in some form."

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Statistic 4

"The cybersecurity market was valued at $167.1 billion in 2020, and is expected to reach $366.10 billion by 2028."

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Statistic 5

"IoT market is predicted to reach $1.1 trillion by 2026."

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Statistic 6

"By 2025, artificial intelligence (AI) revenue is expected to reach approximately $126 billion."

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Statistic 7

"Software employment grew 7.3% from 2019 to 2020 in the IT industry."

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Statistic 8

"The percentage of IT services performed offshore is projected to rise to around 30% by 2022."

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Statistic 9

"Global spending on blockchain solutions will reach $6.6 billion in 2021."

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Statistic 10

"E-commerce sales worldwide reached $3.53 trillion in 2019."

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Statistic 11

"47% of companies had IT budgets growth in 2020."

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Statistic 12

"Approximately 85% of enterprise decision-makers believe they have a timeframe of two years to make significant inroads into digital transformation or they will suffer financially and fall behind their competitors."

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Statistic 13

"IT managed services will grow to $350 billion by 2025."

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Statistic 14

"Big Data market is anticipated to reach $7.6 billion in 2022."

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Statistic 15

"In 2021, the global information technology industry is on pace to reach 4 trillion dollars."

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