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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