In 2023, software and tech hosting/cloud services/MSP companies had a much higher spending share on IT than other industries, amounting to ** percent and ** percent of their revenues, respectively. By contrast, the consumer products and services industry invested only around **** percent of their revenue in IT. Overall, all industries increased their IT spending per revenue share in 2023 compared to the previous year. Cloud computing Cloud computing is an essential IT service that utilizes a network of distant servers hosted over the Internet to store, handle, and process data. This segment of IT services was projected to generate revenues exceeding *** billion U.S. dollars in 2024 and is expected to continue its rapid growth trajectory. Managed Services Providers (MSPs) provide companies with the expertise and technical support to manage their cloud infrastructure and products without the need for in-house specialists. Cloud computing is segmented into three main categories. Software as a Service (SaaS) delivers software applications over the Internet, on a subscription basis, freeing companies from software and hardware management. Infrastructure as a Service (IaaS) offers a virtualized computing infrastructure managed over the Internet, allowing businesses to avoid the costs and complexities of purchasing and managing physical servers and data center infrastructure. Platform as a Service (PaaS) provides a platform allowing customers to develop, run, and manage applications without the complexity of building and maintaining the infrastructure.

According to Cognitive Market Research, the global IT spending market size is USD 4251.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.20% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 1700.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1275.3 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 977.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 212.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 85.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.

Increasing AI Investments to Drive the Market Growth

Growth in overall IT spending is being supported by investments in AI more widely, which is projected to drive the market growth during the forecast period. Businesses' investments in projects aimed at optimising organisational efficiency are mostly to blame for this. Furthermore, AI may have an even more profound and quick economic impact on IT spending which is propelling the market growth. Businesses in both established and emerging industries stand to gain from the fusion of human and machine intelligence. AI productivity advances have the potential to increase business profits and wages. By taxing greater salaries of both employees and businesses, it might even strengthen government finances. The innovation of artificial intelligence (AI) may lead to shifts in market leadership, global economic growth, and investment opportunities as organisations throughout the world implement the technology.

Increasing Spending on the Cloud to Propel the Market Growth

Rising spending on cloud by market players anticipated driving the market growth during the forecast period. Growing performance and efficiency, greater flexibility and dependability, and a reduction in IT expenses are all provided by the cloud. Additionally, it enhances innovation, enabling businesses to launch more quickly and integrate AI and machine learning use cases into their plans. In addition, acquire more in-depth knowledge about expenditure and cloud utilisation in a multicloud setting. Market players able to spot chances for cost savings as well as underutilised and wasted resources which is one of the factor which is fuelling the market growth. Comprehensive understanding of how a company employs cloud resources for various business divisions. This makes it possible to centrally tag cloud resources across providers for improved resource management.

Market Restraints of the IT Spending Market

High Implementation and Maintenance Costs:

Despite the long-term benefits of IT systems, the initial capital investment required for infrastructure setup, software licensing, integration, and skilled personnel can be substantial—especially for small and medium enterprises (SMEs). Additionally, ongoing maintenance, cybersecurity upgrades, and technical support add to the total cost of ownership, often leading businesses to delay or scale back their IT spending.

Rapid Technological Obsolescence:

The fast pace of innovation in IT—such as the frequent emergence of new hardware, software, and digital tools—creates a challenge for organizations to keep up. Technology becomes outdated quickly, leading to a shortened lifecycle for IT assets. This rapid obsolescence can deter organizations from making large-scale IT investments, as they fear their systems will become irrelevant or incompatible within a short timeframe.

Impact of Covid-19 on the IT Spending Market

Some industries were affected by the COVID-19 pandemic because of supply chain difficulties, workforce shortages, and lockdowns. The COVID-19 epidemic has severely impacted the Indian economy, bringing with it a host of new challenges that point to a significant shift in the dynamics of the market. People's spending patterns were seen to shift from indulgence to hoarding throughout the pandemic.

COVID...

In 2024, Gartner generated a revenue of *** billion U.S. dollars from its research segment. The company is one of the world's leading information technology research and advisory companies. It provides research and consulting services to its customers, as well as running events targeting IT, supply chain, marketing, and other business professionals.

Worldwide spending on data center systems is projected to reach over, *** billion U.S. dollars in 2025, marking a significant ** percent increase from 2024. This growth reflects the ongoing digital transformation across industries and the increasing demand for advanced computing capabilities. The surge in data center investments is closely tied to the rapid expansion of artificial intelligence technologies, particularly with the wake of generative AI. AI chips fuel market growth The rise in data center spending aligns with the booming AI chip market, which is expected to reach ** billion U.S. dollars by 2025. Nvidia has emerged as a leader in this space, with its data center revenue skyrocketing due to the crucial role its GPUs play in training and running large language models like ChatGPT. The global GPU market, valued at ** billion U.S. dollars in 2024, is a key driver of this growth, powering advancements in machine learning and deep learning applications. Semiconductor industry adapts to AI demands The broader semiconductor industry is also evolving to meet the demands of AI technologies. With global semiconductor revenues surpassing *** billion U.S. dollars in 2023, the market is expected to approach *** billion U.S. dollars in 2024. AI chips are becoming increasingly prevalent in servers, data centers and storage infrastructures. This trend is reflected in the data centers and storage semiconductor market, which is projected to grow from ** billion U.S. dollars in 2023 to *** billion U.S. dollars by 2025, driven by the development of image sensors and edge AI processors.

According to cognitive market research-"Global Near Field Communication market size 2023 was XX Million. Near Field Communication Industry compound annual growth rate (CAGR) was XX% from 2024 till 2031."

  The NFC readers segment contributes the most to the market and is estimated to develop at a CAGR of XX% over the forecast period. NFC transactions demand active engagement from NFC readers.
  The NFC readers segment currently holds the largest market share and is predicted to grow at a CAGR of XX% over the forecast period. In reader/writer mode, a passive NFC tag or inlay communicates with an active NFC reader or smartphone in one direction.
  The consumer electronics sector is the market's largest contributor and is predicted to develop at a CAGR of XX% over the forecast period.
  North America is the largest shareholder in the worldwide near field communication (NFC) market, which is predicted to expand at a CAGR of XX% over the forecast period.
  Asia-Pacific is predicted to develop at a CAGR of xx%, earning USD XX million over the projection period. Asia-Pacific is expected to have the quickest growth rate throughout the forecast period, owing to increased NFC technology knowledge and acceptance in the retail and transportation sectors.

Current scenario of Near Field Communication market

Key drivers of the Near Field Communication market

Increasing use of contactless payment to drive the market growth

The growing demand for secure and contactless information systems and payments is one of the primary drivers of the global near-field communication (NFC) industry. The introduction of contactless near-field communication (NFC) has considerably helped the customer service, transportation, social networking, and healthcare sectors. According to a Gartner forecast from 2020, 36 billion IoT devices will support NFC-enabled mobile payments. The GSMA predicts that by 2025, smartphones with near-field communication (NFC) will account for 80% of all connections worldwide. This powerful combination of NFC and smartphones significantly propels the near-field communication (NFC) market. https://nfc-forum.org/news/2019-12-fresh-smartphone-statistics-and-what-they-mean-for-you-nfc-and-the-world/

In March 2022, Paytm, a digital payments startup, introduced "Paytm Smart POS" for Android phones, allowing merchants to accept credit and debit card payments using NFC technology. https://business.paytm.com/pos-restaurants Furthermore, an increase in the use of smart wearables and IoT-based devices is expected to drive market growth. As a result, the increasing adoption of contactless payment methods has boosted the market CAGR in recent years.

Increased demand for convenient data transfer and security driving market expansion

NFC enhances workplace collaboration by allowing for the quick and secure sharing of data, documents, and critical information. NFC is substantially better and faster than competing technologies such as Bluetooth, which takes many seconds to establish the same connection because it takes approximately 100 milliseconds. When a customer makes a transaction, their credit card information is stored on the mobile device in a secure element. This part could be a Subscriber Identity Module, protected chips, or a secure digital card. It is one of the most secure payments since it includes hardware encryption and can only be used near the point of sale. The amount of data utilised annually has increased by up to 40% year on year as a result of increased mobile use, social media, and other sensors. Companies in every industry want high-speed data transmission infrastructure more than ever to move an ever-increasing volume of content from one location to another. https://www.weforum.org/agenda/2021/05/rise-of-media-on-mobile-phone-chart/ NFC's peer-to-peer mode can be utilized not just for seamless money transfers between people, but also to exchange other types of data. The Android operating system includes a function called Android Beam. Android developers can use this feature to transfer films, photos, websites, and other files by just holding two compatible phones together.

Constraints for the global Near Field Communication market

Short operational range and security concerns

NFC can only communicate over small dista...

According to Cognitive Market Research, the global transportation management systems market size will be USD 14758.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 20.60% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 5460.76 million in 2025 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4280.05 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 3542.11 million in 2025 and will grow at a compound annual growth rate (CAGR) of 23.5% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 560.83 million in 2025 and will grow at a compound annual growth rate (CAGR) of 21.0% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 590.35 million in 2025 and will grow at a compound annual growth rate (CAGR) of 21.2% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 324.69 million in 2025 and will grow at a compound annual growth rate (CAGR) of 20.3% from 2025 to 2033.
On-premise category is the fastest-growing segment of the transportation management systems industry.

Market Dynamics of Transportation Management Systems Market

Key Drivers for Transportation Management Systems Market

Growing Worldwide Trade to Boost Market Growth

The market for transportation management systems is expanding significantly due to the globalization of international trade. Businesses need reliable software solutions to maximize route planning, guarantee regulatory compliance, and effectively handle multimodal shipments as they acquire raw materials and send completed items internationally more frequently. Additionally, the need for real-time monitoring, predictive analytics, and automated freight audits is being further heightened by growing e-commerce volumes and customer demands for speedier delivery. Furthermore, complicated supply chains and geopolitical changes are pushing businesses to use transportation management systems platforms in order to lower expenses, lower risks, and improve sustainability, all of which are driving long-term market growth. For instance, in January 2024, Oracle was recognized as a Leader in the Gartner Magic QuadrantTM for Transportation Management Systems for the seventeenth consecutive year. For its Execution Capability, Oracle was ranked highest. As a component of Oracle Fusion Cloud Supply Chain and Manufacturing, Oracle Transportation Management gives businesses a unified platform to handle all transportation-related tasks across their supply chains.

https://www.oracle.com/in/news/announcement/oracle-named-a-leader-in-gartner-mq-transportation-management-systems-2024-04-10/

Technological Advancements to Boost Market Growth

The transportation management systems industry is expanding at a much faster rate due to rapid technical improvements. Dynamic route optimization, demand forecasting, and automated decision-making are made possible by the combination of artificial intelligence and machine learning, which lowers operating costs and increases delivery accuracy. Moreover, collaboration between shippers, carriers, and third-party logistics providers is made easier by cloud-based solutions, which give scalable, real-time data access across worldwide supply chains. Additionally, blockchain guarantees safe, transparent transaction records, while Internet of Things (IoT) sensors and telematics provide improved shipping visibility and condition monitoring. Furthermore, API connectivity and comprehensive analytics simplify carrier management and freight procurement, which promotes broad transportation management systems use and market growth.

Restraint Factor for the Transportation Management Systems Market

High Implementation Costs Will Limit Market Growth

The market expansion for transportation management systems is significantly hampered by high installation and integration costs. Small and medium-sized businesses frequently have to pay high upfront costs for hardware infrastructure, software licenses, and modifications to meet intricate logistics operations. Additionally, o...

According to Cognitive Market Research, the global Laptop Carry Case Market size was XX million by 2033, whereas its compound annual growth rate (CAGR) was XX% from 2025 to 2033. • North America held the largest share of the global Laptop Carry Case market around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2025 to 2033. • Asia Pacific held a market share of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2025 to 2033. • Europe accounted for a share of over XX% of the global market size of USD XX million. • The Latin American market is around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2025 to 2033. • Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2025 to 2033.

Market Dynamics of the Laptop Carry Case Market Key Drivers of the Laptop Carry Case Market

Increasing adoption of laptops across various sectors will drive growth in the laptop carry case market

The market for laptop cases is primarily influenced by several significant factors. Firstly, the rising use of laptops across diverse sectors such as education, business, and entertainment drive the demand for protective cases. As more individuals depend on laptops for their computing requirements, they seek appropriate bags to safeguard and transport their devices. Furthermore, advancements in laptop technology, including the introduction of thinner and lighter models, play a crucial role in the expansion of the laptop case market. These innovations require the development of streamlined, lightweight cases that enhance portability. The growing reliance on laptops is propelled by trends such as remote work, online education, and the necessity for mobile computing, resulting in an increased demand for laptops and associated technologies. For instance, Statistics Canada reports that approximately 23% of employees in Canada worked from home in 2021, a significant rise from just 4% in 2016. (https://www150.statcan.gc.ca/n1/pub/36-28-0001/2021010/article/00001-eng.htm) The COVID-19 pandemic has significantly expedited the transition to remote work and online education, rendering laptops vital for both employees and students. As remote and hybrid work arrangements continue to prevail, the need for portable computing devices, such as laptops, remains robust. The capability to work, study, or perform various tasks while on the go has become an essential element of contemporary life. In the aftermath of the pandemic, laptop manufacturers have begun relocating production to different countries to enhance their supply chain networks, a move anticipated to stimulate market growth for laptops. For example, in December 2022, DeKUT collaborated with ASYTECH to establish a public-private partnership focused on laptop manufacturing. This initiative aims to create a comprehensive ecosystem for the African market, facilitating the design and production of locally made laptops in Kenya for the continent. (https://www.dkut.ac.ke/downloads/13th-DeKUT-Graduation-Magazine-December-2022.pdf) These adaptable and portable devices have revolutionized our approaches to work, education, communication, and entertainment. Over time, laptops have experienced considerable improvements in design, performance, and functionality, making them essential tools for both individuals and professionals. As remote work becomes increasingly prevalent, consumers are seeking devices capable of operating effectively in various settings. According to Gartner's Digital Worker Experience Survey, the global remote workforce grew from 17% in 2019 to 32% in 2021, further fueling the demand for versatile devices that can adapt to multiple environments.(https://www.gartner.com/smarterwithgartner/hybrid-and-remote-workers-change-how-they-use-it) Laptops have evolved to become more compact, lightweight, and powerful. Key advancements, such as the launch of Intel’s Pentium processors and Microsoft’s Windows operating system, have significantly improved both the perform...

In 2023, the leading market research company in terms of global research revenue was Gartner, generating approximately *** billion U.S. dollars. In the same year, American company IQVIA accrued roughly *** billion U.S. dollars. Market research companies - global players Market research is an important business strategy involving the gathering of information about an organization’s target market. In terms of global research revenue, American company Gartner was the leading market research company worldwide. Headquartered in the United States, the number of employees working for the company totaled ****** people in 2023. The sixth largest market research company in terms of global research revenue was Kantar. Kantar Group is a UK-based international network of ** companies, including Millward Brown and IMRB International. In 2022, the research revenue of Kantar amounted to approximately ***** billion U.S. dollars. Another European leader, and ranked seventh in the global ranking, was Ipsos. The company had a research revenue of over *** billion U.S. dollars. The largest share of market research revenue made by Ipsos was generated in Europe, the Middle East and Africa in 2023. United States dominant in a global market The global revenue of the market research industry reached over ** billion U.S. dollars in 2023, over half of which came from the United States. The number of full-time employees working for the top ten market research companies in the United States totaled almost ****** in 2020.

In 2025, the software as a service (SaaS) market was worth approximately *** billion U.S. dollars and estimated to reach *** billion U.S. dollars by 2025. SaaS applications are run in the cloud and usually accessible through desktops and mobile applications, as well as through a web interface.

SaaS platforms empower businesses The overall SaaS market is expected to continue growing, as organizations of all sizes around the world adopt SaaS solutions for a variety of business functions. Among these are solutions for customer resource management (CRM), enterprise resource planning (ERP), as well as web hosting and eCommere. How does the SaaS business model work? SaaS companies offer their products to customers through the internet for a monthly subscription or a pay-as-you-go model. This may be cheaper for customers, as they do not have to invest in other on-premises software products up-front and are instead more flexible to end contracts of software products they do not need anymore. This way, SaaS companies also benefit from the recurring revenue. Importantly, they are also responsible for continuously developing the software and running it on their infrastructure. Well-known SaaS vendors include Salesforce, SAP, Zoom, and Adobe.