100+ datasets found
  1. Global information technology industry forecast 2019-2022, by region

    • statista.com
    Updated Aug 22, 2024
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    Global information technology industry forecast 2019-2022, by region [Dataset]. https://www.statista.com/statistics/507365/worldwide-information-technology-industry-by-region/
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    Dataset updated
    Aug 22, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    The global information technology (IT) industry spending for 2022 is estimated to be at approximately 5.3 trillion U.S. dollars. With 31 percent, Asia is also expected to be a large contributor to the global information technology industry. Looking ahead to the future, growth in the global industry is expected to continue through 2024 at five percent compound annual growth rate (CAGR).

    Key categories of the United States IT industry Software, devices and infrastructure, IT and business services, emerging tech, and telecom services are among the key categories of the United States IT industry. Spending on tech services and software account for approximately half of spending in the U.S. technology market. Each of these categories are interrelated as the robust functionality of infrastructure and platforms, for example, are the foundation for communication through bandwidth for user devices.

    Key categories of the global IT industry On a global scale, large portions of IT budgets are allocated to the telecom services, devices and infrastructure, as well as IT and business services. Spending allocation varies across individual countries based on several factors. This is due to tech companies profiting from the ongoing digital transformation, while on the other hand, many companies are focusing resources on internal operations to learn from the challenges experienced during 2020.

  2. United States (US) IT Services Market Size, Share, Growth, Analysis & Trends...

    • mordorintelligence.com
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    Mordor Intelligence, United States (US) IT Services Market Size, Share, Growth, Analysis & Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/united-states-it-services-market
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    pdf,excel,csv,pptAvailable download formats
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2019 - 2030
    Area covered
    United States
    Description

    The IT Service in the USA is Segmented by Type (IT Consulting and Implementation, IT Outsourcing, Business Process Outsourcing), End-User (Manufacturing, Government, BFSI, Healthcare, Retail and Consumer Goods, Logistics). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

  3. United States IT market share forecast 2017-2021, by segment

    • statista.com
    Updated Dec 1, 2023
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    United States IT market share forecast 2017-2021, by segment [Dataset]. https://www.statista.com/statistics/507389/united-states-it-market-share-breakdown/
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    Dataset updated
    Dec 1, 2023
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2021, the United States information technology (IT) market is dominated by the IT and business services segment with a 28 percent share of the market. The U.S. market has a robust infrastructure and various platforms, with a large installed base of users already equipped with connected devices and bandwidth for device communication, allowing for such services to maintain the dominant position of the IT market share.

  4. Tech sector employment in the U.S. 2017-2024

    • statista.com
    Updated Apr 3, 2024
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    Statista (2024). Tech sector employment in the U.S. 2017-2024 [Dataset]. https://www.statista.com/statistics/1403635/united-states-net-sector-employment/
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    Dataset updated
    Apr 3, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2023, there were an estimated 9.5 million employees working in the tech sector in the United States, including both technical and business professionals working in the tech industry. Overall, the number of employees in the U.S. tech sector increased every year since 2017, and was further projected to reach some 9.6 million tech industry employees by the end of 2024.

  5. U

    United States US: GDP: % of Manufacturing: Medium and High Tech Industry

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). United States US: GDP: % of Manufacturing: Medium and High Tech Industry [Dataset]. https://www.ceicdata.com/en/united-states/gross-domestic-product-share-of-gdp/us-gdp--of-manufacturing-medium-and-high-tech-industry
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2004 - Dec 1, 2015
    Area covered
    United States
    Variables measured
    Gross Domestic Product
    Description

    United States US: GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 41.166 % in 2015. This stayed constant from the previous number of 41.166 % for 2014. United States US: GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 49.199 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 51.786 % in 1998 and a record low of 38.398 % in 1996. United States US: GDP: % of Manufacturing: Medium and High Tech Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Share of GDP. The proportion of medium and high-tech industry value added in total value added of manufacturing; ; United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database; ;

  6. US Industry 4.0 Market Segmentation by technology

    • kenresearch.com
    Updated Nov 24, 2024
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    Ken Research (2024). US Industry 4.0 Market Segmentation by technology [Dataset]. https://www.kenresearch.com/industry-reports/us-industry-40-market
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    Dataset updated
    Nov 24, 2024
    Dataset provided by
    ---
    Authors
    Ken Research
    Area covered
    United States
    Description

    By Technology:The US Industry 4.0 market is segmented by technology into Industrial Internet of Things (IIoT), Artificial Intelligence (AI), Robotics, Cloud Computing, and Edge Computing. Among these,IIoTholds a dominant share due to its role in enabling real-time monitoring and decision-making in industrial processes. With the capability to connect machines, devices, and systems, IIoT enhances operational efficiency and minimizes downtime. The integration of IIoT has revolutionized sectors such as automotive and aerospace, where the need for precision and real-time data is critical to maintaining competitiveness. US Industry 4.0 Market Segmentation The US government's Manufacturing USA initiative continues to promote advanced manufacturing through public-private partnerships. In 2024, $900 million was allocated to support these initiatives, fostering innovation in areas like robotics and AI in sectors such as aerospace and automotive. This government support has accelerated the integration of Industry 4.0 technologies by providing financial and technical assistance to manufacturers.

  7. Information industry unemployment rate in the U.S. 2010-2024

    • statista.com
    Updated Feb 5, 2025
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    Statista (2025). Information industry unemployment rate in the U.S. 2010-2024 [Dataset]. https://www.statista.com/statistics/199995/rates-of-jobless-persons-in-the-us-information-sector/
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    Dataset updated
    Feb 5, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In the fourth quarter of 2024, the unemployment rate in the information industry in the United States stood at 3.9 percent, increasing from 3.1 percent in the same quarter of 2023. In 2020, the tech industry was hit hard by the economic recession brought about by the COVID-19 pandemic, registering a record 12 percent unemployment rate during the second quarter. Information industry in the U.S. The U.S. information industry consists of those businesses involved in the production or distribution of information, those involved in providing a means to distribute information and data, and those involved in data processing. More specifically, the sector is comprised of six segments: publishing industries (except internet), motion picture and sound recording industries, broadcasting (except internet), telecommunications, data processing/hosting, and other information services. Employment in the U.S. information industry As a whole, the sector employs nearly three million people around the United States and accounts for a significant portion of the country’s entertainment industry. As unemployment has fallen, average hourly earnings within the sector have also risen sharply within the past decade, now amounting to almost 45 dollars per hour. This trend towards more favorable employment conditions comes at a time when union membership within the industry declined to 8.4 percent in 2022.

  8. North America Professional Cloud Services Market Size & Share Analysis -...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Aug 15, 2022
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    Mordor Intelligence (2022). North America Professional Cloud Services Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/north-america-market-for-professional-cloud-services-industry
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Aug 15, 2022
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2019 - 2030
    Area covered
    North America
    Description

    The North American Professional Cloud Services Market is segmented by Deployment (Public, Private, and Hybrid), Type of Service Model (Platform-as-a-Service, Software-as-a-Service, and Infrastructure-as-a-Service), End-user Industry (Healthcare, Retail, Entertainment, and Media, Government and Public Sector, BFSI, Information, and Communication Technology, and Other End-user Industries) and Country (United States and Canada). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

  9. Revenue of the software industry in the U.S. 2020-2029

    • statista.com
    Updated Feb 25, 2025
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    Statista (2025). Revenue of the software industry in the U.S. 2020-2029 [Dataset]. https://www.statista.com/forecasts/963605/software-revenue-in-united-states
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    Dataset updated
    Feb 25, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The revenue in the software market in the United States was forecast to continuously increase between 2024 and 2029 by in total 81.2 billion U.S. dollars (+22.35 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 444.62 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the software market was continuously increasing over the past years.Find more information concerning Poland and Spain. The Statista Market Insights cover a broad range of additional markets.

  10. U

    US Data Center Industry Report

    • datainsightsmarket.com
    doc, pdf, ppt
    Updated Dec 16, 2024
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    AMA Research & Media LLP (2024). US Data Center Industry Report [Dataset]. https://www.datainsightsmarket.com/reports/us-data-center-industry-11517
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    pdf, doc, pptAvailable download formats
    Dataset updated
    Dec 16, 2024
    Dataset provided by
    AMA Research & Media LLP
    License

    https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    United States
    Variables measured
    Market Size
    Description

    The size of the US Data Center Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 6.00% during the forecast period.A data center is a facility that keeps computer systems and networking equipment housed, processing, and transmitting data. It represents the infrastructure on which organizations carry out their IT operations and host websites, email servers, and database servers. Data centers, therefore, are imperative to any size business: small start-ups or large enterprise since they enable digital transformation, thus making business applications available.The US data center industry is one of the largest and most developed in the world. The country boasts robust digital infrastructure, abundant energy resources, and a highly skilled workforce, making it an attractive destination for data center operators. Some of the drivers of the US data center market are the growing trend of cloud computing, internet of things (IoT), and high-performance computing requirements.Top-of-the-line technology companies along with cloud service providers set up major data center footprints in the US, mostly in key regions such as Silicon Valley and Northern Virginia, Dallas, for example. These data centers support applications such as e-commerce-a manner of accessing streaming services-whose development depends on its artificial intelligence financial service type. As demand increases concerning data center capacity, therefore, the US data centre industry will continue to prosper as the world's hub for reliable and scalable solutions. Recent developments include: February 2023: The expansion of Souther Telecom to its data center in Atlanta, Georgia, at 345 Courtland Street, was announced by H5 Data Centers, a colocation and wholesale data center operator. One of the top communication service providers in the southeast is Southern Telecom. Customers in Alabama, Georgia, Florida, and Mississippi will receive better service due to the expansion of this low-latency fiber optic network.December 2022: DigitalBridge Group, Inc. and IFM Investors announced completing their previously announced transaction in which funds affiliated with the investment management platform of DigitalBridge and an affiliate of IFM Investors acquired all outstanding common shares of Switch, Inc. for USD approximately USD 11 billion, including the repayment of outstanding debt.October 2022: Three additional data centers in Charlotte, Nashville, and Louisville have been made available to Flexential's cloud customers, according to the supplier of data center colocation, cloud computing, and connectivity. By the end of the year, clients will have access to more than 220MW of hybrid IT capacity spread across 40 data centers in 19 markets, which is well aligned with Flexential's 2022 ambition to add 33MW of new, sustainable data center development projects.. Key drivers for this market are: , High Mobile penetration, Low Tariff, and Mature Regulatory Authority; Successful Privatization and Liberalization Initiatives. Potential restraints include: , Difficulties in Customization According to Business Needs. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

  11. U

    United States US: GDP: % of GDP: Gross Value Added: Industry: Manufacturing

    • ceicdata.com
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    CEICdata.com (2021). United States US: GDP: % of GDP: Gross Value Added: Industry: Manufacturing [Dataset]. https://www.ceicdata.com/en/united-states/gross-domestic-product-share-of-gdp/us-gdp--of-gdp-gross-value-added-industry-manufacturing
    Explore at:
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2004 - Dec 1, 2015
    Area covered
    United States
    Variables measured
    Gross Domestic Product
    Description

    United States US: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 11.601 % in 2016. This records a decrease from the previous number of 11.919 % for 2015. United States US: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 12.807 % from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 16.022 % in 1997 and a record low of 11.601 % in 2016. United States US: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

  12. F

    Unit Labor Costs for Manufacturing: Other Food Manufacturing (NAICS 3119) in...

    • fred.stlouisfed.org
    json
    Updated Aug 29, 2024
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    (2024). Unit Labor Costs for Manufacturing: Other Food Manufacturing (NAICS 3119) in the United States [Dataset]. https://fred.stlouisfed.org/series/IPUEN3119U101000000
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    jsonAvailable download formats
    Dataset updated
    Aug 29, 2024
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

    Graph and download economic data for Unit Labor Costs for Manufacturing: Other Food Manufacturing (NAICS 3119) in the United States (IPUEN3119U101000000) from 1988 to 2023 about unit labor cost, NAICS, IP, food, manufacturing, and USA.

  13. F

    Unemployment Level - Professional and Business Services Industry, Private...

    • fred.stlouisfed.org
    json
    Updated Mar 7, 2025
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    (2025). Unemployment Level - Professional and Business Services Industry, Private Wage and Salary Workers [Dataset]. https://fred.stlouisfed.org/series/LNU03032239
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    jsonAvailable download formats
    Dataset updated
    Mar 7, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Unemployment Level - Professional and Business Services Industry, Private Wage and Salary Workers (LNU03032239) from Jan 2000 to Feb 2025 about professional, salaries, workers, private industries, 16 years +, business, wages, household survey, services, private, unemployment, industry, and USA.

  14. F

    Employment Cost Index: Wages and salaries for Private industry workers in...

    • fred.stlouisfed.org
    json
    Updated Jan 31, 2025
    + more versions
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    (2025). Employment Cost Index: Wages and salaries for Private industry workers in Nonunion, service-providing industries [Dataset]. https://fred.stlouisfed.org/series/CIU202S000000520I
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    jsonAvailable download formats
    Dataset updated
    Jan 31, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Employment Cost Index: Wages and salaries for Private industry workers in Nonunion, service-providing industries (CIU202S000000520I) from Q1 2001 to Q4 2024 about ECI, salaries, workers, private industries, wages, services, private, industry, and USA.

  15. United States SCADA Market Size, Share, Growth and Industry Report

    • imarcgroup.com
    pdf,excel,csv,ppt
    Updated Nov 26, 2020
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    IMARC Group (2020). United States SCADA Market Size, Share, Growth and Industry Report [Dataset]. https://www.imarcgroup.com/united-states-scada-market
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    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Nov 26, 2020
    Dataset provided by
    Imarc Group
    Authors
    IMARC Group
    License

    https://www.imarcgroup.com/privacy-policyhttps://www.imarcgroup.com/privacy-policy

    Time period covered
    2024 - 2032
    Area covered
    Global, United States
    Description

    The United States SCADA market size reached USD 4,873.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 6,744.2 Million by 2033, exhibiting a growth rate (CAGR) of 3.49% during 2025-2033.

    Report Attribute
    Key Statistics
    Base Year
    2024
    Forecast Years
    2025-2033
    Historical Years
    2019-2024
    Market Size in 2024
    USD 4,873.6 Million
    Market Forecast in 2033
    USD 6,744.2 Million
    Market Growth Rate (2025-2033)3.49%

    IMARC Group provides an analysis of the key trends in each sub-segment of the United States SCADA market report, along with forecasts at the country and regional levels from 2025-2033. Our report has categorized the market based on component, architecture and end user.

  16. North America Retail Automation Market - Companies, Size & Trends

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jul 19, 2023
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    Mordor Intelligence (2023). North America Retail Automation Market - Companies, Size & Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/north-america-retail-automation-market-industry
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jul 19, 2023
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2019 - 2030
    Area covered
    North America
    Description

    The Report Covers North America Retail Automation Solutions and the Market is Segmented by Component (Hardware, Software), End User (Grocery, General Merchandise, Hospitality), and Country (US, Canada). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

  17. US Marketing Analytics Market - Companies, Size & Share

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jun 29, 2023
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    Mordor Intelligence (2023). US Marketing Analytics Market - Companies, Size & Share [Dataset]. https://www.mordorintelligence.com/industry-reports/united-states-marketing-analytics-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jun 29, 2023
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2019 - 2030
    Area covered
    United States
    Description

    US Sales and Marketing Analytics Market is Segmented by Deployment (Cloud-based and On-Premise), Application (Online Marketing, Email Marketing, Social Media Marketing, Content Marketing, and Other Applications) and End-User (Retail, BFSI, Healthcare, Manufacturing, Travel and Hospitality, and Other End-Users). For each segment, the market sizing and forecast have been done based on the value (in USD million)

  18. USA Sachet Packaging Market Analysis

    • futuremarketinsights.com
    pdf
    Updated Feb 15, 2025
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    Future Market Insights (2025). USA Sachet Packaging Market Analysis [Dataset]. https://www.futuremarketinsights.com/reports/united-states-sachet-packaging-market
    Explore at:
    pdfAvailable download formats
    Dataset updated
    Feb 15, 2025
    Dataset authored and provided by
    Future Market Insights
    License

    https://www.futuremarketinsights.com/privacy-policyhttps://www.futuremarketinsights.com/privacy-policy

    Time period covered
    2025 - 2035
    Area covered
    Worldwide, United States
    Description

    The USA sachet packaging market size is expected to reach up to USD 2,473.4 million by 2025 and will reach USD 3,841.1 million for the market by 2035. The sales are going to grow at a CAGR of 4.5% in the forecast period from 2025 to 2035. Sachet packaging revenue in USA was up to USD 2,379.4 million in the year 2024.

    AttributesKey Insights
    Historical Size, 2024USD 2,379.4 million
    Estimated Size, 2025USD 2,473.4 million
    Projected Size, 2035USD 3,841.1 million
    Value-based CAGR (2025 to 2035)4.5%

    Semi Annual Market Update

    ParticularValue CAGR
    H12.9% (2024 to 2034)
    H23.8% (2024 to 2034)
    H13.6% (2025 to 2035)
    H24.6% (2025 to 2035)

    Category-wise Insights

    MaterialMarket Share (2035)
    Plastic72.0%
    Packaging MachineryMarket Share (2035)
    Vertical Form Fill Seal Machine (VFFS)39.7%
  19. North America IT Device Market Size & Share Analysis - Industry Research...

    • mordorintelligence.com
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    Mordor Intelligence, North America IT Device Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/north-america-it-device-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2019 - 2030
    Area covered
    North America
    Description

    North America IT Device Market is Segmented by Type (PCs - Laptops, Desktop PCs and Tablets, and Phones - Land Lines, Smart Phones, and Feature Phones) and By Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

  20. F

    Labor Productivity for Manufacturing: Computer and Electronic Product...

    • fred.stlouisfed.org
    json
    Updated Aug 29, 2024
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    (2024). Labor Productivity for Manufacturing: Computer and Electronic Product Manufacturing (NAICS 334) in the United States [Dataset]. https://fred.stlouisfed.org/series/IPUEN334L000000000
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Aug 29, 2024
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

    Graph and download economic data for Labor Productivity for Manufacturing: Computer and Electronic Product Manufacturing (NAICS 334) in the United States (IPUEN334L000000000) from 1987 to 2023 about computers, productivity, electronics, NAICS, IP, production, labor, manufacturing, and USA.

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Global information technology industry forecast 2019-2022, by region [Dataset]. https://www.statista.com/statistics/507365/worldwide-information-technology-industry-by-region/
Organization logo

Global information technology industry forecast 2019-2022, by region

Explore at:
10 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Aug 22, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
Worldwide
Description

The global information technology (IT) industry spending for 2022 is estimated to be at approximately 5.3 trillion U.S. dollars. With 31 percent, Asia is also expected to be a large contributor to the global information technology industry. Looking ahead to the future, growth in the global industry is expected to continue through 2024 at five percent compound annual growth rate (CAGR).

Key categories of the United States IT industry Software, devices and infrastructure, IT and business services, emerging tech, and telecom services are among the key categories of the United States IT industry. Spending on tech services and software account for approximately half of spending in the U.S. technology market. Each of these categories are interrelated as the robust functionality of infrastructure and platforms, for example, are the foundation for communication through bandwidth for user devices.

Key categories of the global IT industry On a global scale, large portions of IT budgets are allocated to the telecom services, devices and infrastructure, as well as IT and business services. Spending allocation varies across individual countries based on several factors. This is due to tech companies profiting from the ongoing digital transformation, while on the other hand, many companies are focusing resources on internal operations to learn from the challenges experienced during 2020.

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