In 2023, worldwide government IT services spending is forecasted to amount to approximately 209 billion U.S. dollars. This is a 8.9 percent increase from 2022. The software segment is expected to experience the strongest growth and includes vertical-specific software, application, and infrastructure. Investments in digital transformation become of paramount importance to governments around the world to recover from the COVID-19 pandemic.

The United States federal government budget has allotted around 75 billion dollars toward its 2025 civilian federal agency information technology budget. As leadership and government priorities change, the IT budgets allocated to different departments tend to follow suit. The Department of Energy's IT budget increased significantly by 37 percent compared to the previous year, with 5.5 billion U.S. dollars allocated in FY 2025. Similarly, the IT budget of the Department of Homeland security also increased by 23 percent compared to the previous year, to around 11 billion U.S. dollars for FY 2025. Meanwhile, the Office of Personnel Management saw its IT budget shrink the most among the civilian federal government agencies, decreasing by a staggering 64 percent compared to FY 2024. Since the 2022 federal budget, figures do not include the portion of the budget allocated to the Department of Defense or other classified IT spending. U.S. government budget In the United States, huge shares of government expenditures go towards the Department of Health and Human Services as well as the Social Security Administration. Due in part to the country’s continually increasing budget, the government has run at an annual deficit since 2002, with its 2024 deficit estimated to over be around 1.9 trillion dollars. Cybersecurity budget One of the main facets of the U.S. government IT budget is spending related to cybersecurity. Over 12 billion U.S. dollars have been allocated towards cybersecurity in 2024. The Departments of Homeland Security and Justice have unsurprisingly had the highest cybersecurity budgets across all departments, given the sensitive nature of their work.

Global Federal Government Software market size 2025 was XX Million. Federal Government Software Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The statistic depicts the business and government spending on the software industry in Canada from 2013 to 2021. Canada's spending on the software industry will reach an estimated 24 billion Canadian dollars in 2021.

The statistic depicts the business and government spending on business and information technology products, services and staff from 2012 to 2022 in the United States. The U.S. spending on technology products, services and staff was estimated to reach around 1.94 trillion U.S. dollars in 2021, marking a recovery from the coronavirus (COVID-19) pandemic.

The global defense IT spending market, valued at $100.75 billion in 2025, is projected to experience robust growth, driven by escalating geopolitical tensions, the increasing adoption of advanced technologies like AI and cloud computing within defense operations, and a rising need for enhanced cybersecurity measures to protect sensitive military data and infrastructure. The market's Compound Annual Growth Rate (CAGR) of 4.7% from 2025 to 2033 indicates a steady expansion, with significant contributions anticipated from all segments. The software segment is expected to lead, driven by the increasing demand for sophisticated command, control, communication, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems, and advanced analytics platforms for improved decision-making. Hardware spending will remain substantial, fueled by the continued modernization of military equipment and infrastructure, while the application segments, particularly cybersecurity and IT infrastructure, will witness heightened investment due to growing concerns about cyber threats and the need for resilient systems. Regional growth will vary, with North America maintaining a dominant market share due to substantial defense budgets and technological advancements, followed by APAC, spurred by modernization efforts in countries like China and India. Europe will also contribute significantly, driven by defense spending increases among key nations. The competitive landscape is characterized by a mix of large established technology players and specialized defense contractors. Companies like Accenture, Amazon, Microsoft, and IBM are leveraging their expertise in cloud computing, AI, and cybersecurity to cater to the evolving needs of defense organizations. Meanwhile, traditional defense contractors like BAE Systems, Lockheed Martin, and Northrop Grumman are integrating advanced technologies into their offerings. The market presents opportunities for companies offering innovative solutions that enhance operational efficiency, improve situational awareness, and strengthen cybersecurity postures. However, challenges exist, including the complexities of integrating legacy systems with new technologies, stringent regulatory requirements, and the need for robust cybersecurity measures to prevent data breaches and cyberattacks. The long-term outlook remains positive, with continued investment in defense IT likely to fuel the market's sustained expansion.

The growing demand for cost management software represents a substantial shift in how large and small firms approach financial monitoring and operational effectiveness. In today’s company context, where digital transformation and data-driven decision-making are critical, there is a rising demand for sophisticated cost management solutions. This growing need is being driven by a variety of factors including the complexity of modern business operations, the rising demand for real-time financial analytics, the need for regulatory compliance, the push for sustainability, and the ever-present imperative to improve productivity and cost efficiency by enabling the market to surpass a revenue of USD 7.05 Billion valued in 2023 and reach a valuation of around USD 15.12 Billion by 2031.

The growing demand for expenditure management software is fueled by a number of issues that highlight the limitations of traditional expense management approaches in today’s fast-paced and complicated business environment. The growing reliance on digital solutions is driven by the need for real-time financial information, regulatory compliance, sustainability initiatives, increased productivity, and remote work capabilities. As organizations handle the challenges and opportunities given by today’s economic landscape, expenditure management software will play an increasingly important role in providing effective, accurate, and strategic financial management. This growing demand mirrors a larger trend toward digital transformation emphasizing the crucial relevance of employing modern technology to achieve operational excellence and long-term success by enabling the market to grow at a CAGR of 10.2% from 2024 to 2031.

Expense Management Software Market: Definition/ Overview

Expense management software is a complete application that simplifies and automates the process of managing, tracking, and controlling employee and corporate expenses. This program is vital for organizations of all sizes since it offers a methodical way to managing a wide range of expenses from travel and entertainment to office supplies and utilities. Expense management software provides numerous benefits by integrating with other financial systems and employing sophisticated technology to improve an organization’s efficiency, accuracy, and compliance.

The primary use of expenditure management software is to automate expense reporting. Traditional methods of expense reporting which sometimes include manual entry and paper-based systems are prone to errors and inefficiencies. EMS streamlines the entire process by allowing employees to submit expense reports digitally. This not only decreases the possibility of errors but also speeds up the approval process. Employees may rapidly upload receipts via mobile applications ensuring that all spending are tracked in real time. This leads to speedier reimbursements which increases employee happiness and productivity.

The future of expenditure management software will place a greater emphasis on user experience and customization. As firms acknowledge their employees different needs, expenditure management solutions will include more personalized features and interfaces. Users will be able to personalize their dashboards, generate bespoke reports, and configure notifications and alarms. This customization improves user pleasure and engagement resulting in more accurate and timely expenditure reporting.

The public sector's IT spending market is thriving, with a value of 9,220.4 million in 2025 and a projected 7.0% CAGR through 2033. This growth is driven by the increasing adoption of digital technologies to enhance efficiency, transparency, and citizen services. Key trends include the shift towards cloud computing, cybersecurity investments, and the use of artificial intelligence and machine learning. Moreover, government initiatives to modernize infrastructure and improve public services further fuel this growth. The public sector IT spending market is segmented based on type (services, software, hardware, and application) and application (military, government, and others). North America dominates the market, followed by Europe and the Asia Pacific region. Key companies operating in this market include Accenture, IBM, SAP, Capgemini, CGI, and Infosys. The market's growth prospects remain positive, with a range of opportunities for vendors providing innovative IT solutions that address the evolving needs of public sector organizations. Executive Summary The IT spending in public sector market is experiencing substantial growth, driven by the rising adoption of digital technologies to enhance efficiency and improve public services. This report provides a comprehensive analysis of the market, including industry developments, key players, and regional trends.

The custom software development market is experiencing robust growth, driven by the increasing demand for tailored digital solutions across diverse industries. The market's Compound Annual Growth Rate (CAGR) of 21.82% from 2019 to 2024 indicates a significant upward trajectory, projected to continue into the forecast period (2025-2033). This expansion is fueled by several key factors, including the digital transformation initiatives undertaken by businesses to enhance efficiency and competitiveness, the rising adoption of cloud-based solutions offering scalability and cost-effectiveness, and the growing need for specialized software to address unique business requirements. The market is segmented by solution type (web-based, mobile apps, enterprise software), deployment model (on-premise, cloud), enterprise size (SMEs, large enterprises), and end-user vertical (BFSI, healthcare, retail, government, IT & telecom, manufacturing, others). The prevalence of cloud-based deployment models is expected to further accelerate market growth, while the increasing complexity of software development and the need for skilled professionals present potential restraints. Leading players like Accenture, Capgemini, TCS, HCL Tech, Infosys, Wipro, IBM, NTT Data, Cognizant, and Chetu are strategically positioned to capitalize on this burgeoning market. Geographic distribution suggests a significant presence across North America, Europe, and Asia, with emerging markets in Latin America, the Middle East, and Africa presenting substantial growth opportunities. The competitive landscape is characterized by a mix of established IT giants and specialized software development firms. The market's future hinges on advancements in technologies like AI, machine learning, and blockchain, further fueling the demand for customized software solutions. While the initial investment in custom software can be substantial, the long-term benefits in terms of enhanced productivity, improved customer experience, and competitive advantage outweigh the costs for many organizations. Consequently, the custom software development market is expected to maintain its strong growth momentum, driven by sustained innovation and the continuous evolution of business needs in the digital era. We estimate the 2025 market size to be approximately $500 Billion (based on a logical extrapolation from the provided CAGR and considering the overall IT spending trends). This figure serves as a reasonable projection, reflecting the market's substantial scale and rapid growth. Recent developments include: July 2024: Chetu, a global leader in software development solutions and support services, has announced a new partnership with UKG. UKG provides HR, payroll, workplace management, and cultural solutions. With over 350 technology and service partners, UKG offers one of the largest and most collaborative partner ecosystems in the Human Capital Management (HCM) industry., April 2024: Toptal has acquired the assets and brand of VironIT.com, a software development firm specializing in custom software solutions and IT consulting services. This strategic acquisition highlights Toptal's commitment to strengthening its position in the software development industry and enhancing its global client services. Additionally, this move aligns with Toptal's strategy to enhance its End-to-End Solutions through Toptal Managed Delivery. By integrating VironIT's assets, Toptal expands its expertise in key software development areas such as ERP, CRM, E-Commerce, AR & VR, and IoT, enriching its comprehensive technology service offerings., March 2024 - Stride, a GenAI and custom software development company, has announced the general availability of Stride Conductor, its new autonomous coding product set to transform the software development landscape. Stride Conductor is an innovative framework that utilizes natural language to deploy multiple LLM agents working collaboratively to develop, enhance, and test software. Unlike existing tools requiring constant developer involvement, Stride Conductor integrates seamlessly into existing workflows. With human oversight, it performs tasks such as story refinement, technical planning, unit test creation, coding, review, and test automation semi-autonomously. This leads to increased developer productivity and autonomy.. Key drivers for this market are: Integration of advanced analytics, Machine Learning and Artificial Intelligence, Digital Transformation across various Industries; Proliferation of IoT and Cloud Computing. Potential restraints include: Integration of advanced analytics, Machine Learning and Artificial Intelligence, Digital Transformation across various Industries; Proliferation of IoT and Cloud Computing. Notable trends are: Large Organization to Hold a Significant Share in the Market.

The global engineering budget software market size was valued at USD 1.6 billion in 2023 and is projected to expand at a CAGR of 6.9% from 2023 to 2033. The market growth is primarily driven by the growing adoption of digital transformation and the increasing need for better budget management and planning in engineering projects. The on-premise segment held a larger market share in 2023 due to its established infrastructure and reliability. However, the cloud-based segment is expected to grow at a faster CAGR during the forecast period owing to its flexibility, scalability, and cost-effectiveness. Large enterprises are the primary users of engineering budget software, as they have complex budgeting and planning requirements. However, small and medium enterprises (SMEs) are increasingly adopting these solutions to streamline their operations and improve efficiency. The North American region accounted for a significant market share in 2023 and is expected to maintain its dominance throughout the forecast period. Europe and Asia Pacific are other key markets for engineering budget software, driven by the increasing adoption of technology and government initiatives promoting digitalization.

Global Enterprise ICT Spending Market to grow from US$ 41.78 Billion in 2023 to US$ 82.55 Billion by 2032, at a CAGR of 7.86%, during forecast 2024-2032

The market size of the Cognitive Spending Systems Market is categorized based on Application (Banking, Education Industry, Manufacturing Industry, Government, Healthcare Industry, Other) and Product (Hardware Systems, Software Systems) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.

Graph and download economic data for Nonfinancial Corporate Business; Total Fixed Capital Excluding Software Expenditures (SOI), Transactions (BOGZ1FA105015103A) from 1946 to 2023 about software, transactions, fixed, nonfinancial, capital, expenditures, business, and USA.

The Government Procurement Software market, valued at $1557.9 million in 2025, is poised for significant growth over the next decade. Driven by increasing government initiatives towards digital transformation, enhanced transparency, and efficient public spending, the market is expected to experience substantial expansion. The shift towards cloud-based solutions is a primary growth driver, offering scalability, accessibility, and cost-effectiveness compared to on-premises systems. Furthermore, the rising adoption of e-procurement solutions is streamlining the procurement process, reducing delays, and minimizing corruption risks. Government agencies are increasingly adopting sophisticated software to manage complex procurement procedures, analyze vendor performance, and ensure compliance with regulations. This demand is further fueled by the need for enhanced data security and analytics capabilities within the procurement lifecycle. The market is segmented by deployment type (cloud-based and on-premises) and application (government agencies and third-party vendors), with cloud-based solutions leading the market share due to their inherent flexibility and cost-efficiency. Key players like Salesforce, GoveSpend, and others are actively contributing to market growth through continuous innovation and the development of integrated solutions. While data security concerns and the need for robust integration with legacy systems present some challenges, the overall market outlook remains optimistic, driven by continued technological advancements and the persistent demand for streamlined government procurement processes. The geographical distribution of the market shows strong presence across North America and Europe, reflecting high levels of digital adoption and government investment in technology. However, emerging economies in Asia-Pacific and the Middle East & Africa are showing significant growth potential, fueled by increasing government spending and the adoption of e-governance initiatives. This growth is further supported by the ongoing expansion of digital infrastructure in these regions, allowing for broader access and adoption of government procurement software. Competition in the market is intense, with established vendors competing with newer entrants offering specialized solutions. The market's future trajectory will depend on factors like technological innovation, government policies promoting digital transformation, and the effectiveness of cybersecurity measures implemented by vendors and government entities.

This statistic depicts the value of business and government purchases of technology goods and services in Australia from 2014 to 2019, by type. In 2019, business and government spending on software purchases was forecasted to reach around 15 billion Australian dollars.

The global enterprise permitting software market is anticipated to expand at a CAGR of 6.4% from 2025 to 2033. In 2025, the market size was valued at 972 million USD and is projected to reach 1,493 million USD by 2033. Key drivers for this growth include increasing demand for efficient permit management solutions, growing adoption of cloud-based technologies, and government initiatives to streamline permitting processes. The market is segmented based on application (building permit, land use permit, special event permit, and others) and type (cloud-based and on-premise). Cloud-based solutions are expected to dominate the market due to their numerous advantages, such as scalability, affordability, and ease of deployment. Major players in the enterprise permitting software market include Tyler Technologies, Infor, EdgeSoft, Oracle, and Computronix. North America is expected to remain the largest regional market throughout the forecast period due to the high adoption of advanced technologies, followed by Europe. The Asia Pacific region is projected to exhibit the highest growth rate during the forecast period. This is attributed to the increasing government spending on smart city projects in developing countries.

Global Remote Learning Technology Spending Market Size Was $2103.64 Million in 2022 and Is Reach $2201.45 Million by 2030, CAGR of 0.58%.

The size and share of the market is categorized based on Application (Banking, Education Industry, Manufacturing Industry, Government, Healthcare Industry, Other) and Product (Hardware Systems, Software Systems) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The statistic depicts the global business and government spending on IT software from 2014 to 2019, by major product. Global spending on business applications was predicted to reach almost 209 billion U.S. dollars by 2019.