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.

The statistic presents IT spending as a percentage of company revenue worldwide as of 2019, by industry sector. In the financial services industry, IT spending ranged between *** at the 25th percentile to **** percent at the 75 percentile as of 2019.

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...

Global Insurance IT Spending market size 2025 was XX Million. Insurance IT Spending Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

According to Cognitive Market Research, the global IT Spending in Automotive market size is USD 15481.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 6192.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 4644.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 3560.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 774.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% 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 309.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The Services held the highest IT Spending in Automotive market revenue share in 2024.

Market Dynamics of IT Spending in the Automotive Market

Key Drivers for IT Spending in the Automotive Market

Global Economic Trends Propel Market Growth

Global economic trends, including GDP growth, interest rates, and consumer confidence, significantly impact spending patterns in the automotive market. During periods of economic expansion, consumers tend to have higher disposable incomes, leading to increased demand for new vehicles and optional features. Conversely, economic downturns can dampen consumer sentiment and curb spending on big-ticket items like automobiles, prompting automakers to adjust production levels and marketing strategies accordingly. Supply chain disruptions, geopolitical tensions, and natural disasters can also influence spending within the automotive industry by affecting production capacities, raw material prices, and supply chain logistics. Uncertainties surrounding trade agreements and tariffs can further exacerbate these challenges, prompting automakers to reevaluate sourcing strategies and production footprints to mitigate risks and ensure business continuity.

Restraint Factor for IT Spending in the Automotive Market

High Cost of Treatment to Limit the Sales

One significant restraint on IT spending in the automotive market is the high cost of technological integration and development. As vehicles become more complex and connected, automakers must invest heavily in research and development to stay competitive. This includes developing advanced driver-assistance systems (ADAS), electric vehicle (EV) technology, connectivity features, and autonomous driving capabilities. The substantial upfront investment required for these technologies can strain budgets and slow down IT spending in other areas. Moreover, the automotive industry operates within a highly regulated environment, which imposes stringent safety, emissions, and cybersecurity standards. Compliance with these regulations not only adds to the cost of vehicle production but also necessitates ongoing investments in testing, certification, and regulatory compliance management. Failure to meet regulatory requirements can result in costly fines, recalls, and reputational damage, further constraining IT spending as resources are diverted toward remediation efforts.

Opportunity for IT Spending in the Automotive Market

Technological Advancements to Increase the Demand Globally

Technological advancements have also been instrumental in driving spending within the automotive industry. The emergence of electric and hybrid vehicles has led to substantial investments in research and development to enhance battery efficiency, charging infrastructure, and overall performance. Similarly, the integration of artificial intelligence (AI), the Internet of Things (IoT), and advanced driver-assistance systems (ADAS) has transformed the driving experience, prompting automakers to allocate resources towards developing and integrating these technologies into their vehicles. Furthermore, regulatory changes aimed at reducing emissions and enhancing safety standards have compelled automakers to invest in the development of cleaner and more efficient propulsion systems, such as electric powertrains and hydrog...

This statistic represents the percentage of expenditure on research and development of total revenue in 2023, by industrial sector. The data was generated from the numbers of the 2,500 top companies worldwide. In 2023, spending on research and development accounted for **** percent of the total revenue in the health industries.

Global IT Spending by Audit Firms market size 2025 was XX Million. IT Spending by Audit Firms Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Global IT Spending in Transportation market size 2025 was XX Million. IT Spending in Transportation Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

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Southeast Asia IT Spending Market Size 2025-2029

The Southeast Asia IT spending market size is forecast to increase by USD 42.6 billion at a CAGR of 9.1% between 2024 and 2029.

The IT spending market is experiencing significant growth, driven by several key trends. One of the most notable trends is the increased adoption of mobility solutions in Southeast Asia, as businesses seek to enhance productivity and flexibility. Another trend is the growth of big data and analytics services, as organizations look to gain insights from their data to make informed business decisions. However, the market also faces challenges, such as the lack of skilled talent and the retention of a talented workforce. These issues can hinder market growth and require businesses to invest in training and development programs to address the skills gap.

What will be the Size of the market During the Forecast Period?

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The market continues to evolve, driven by digital transformation initiatives and the adoption of emerging technologies such as artificial intelligence (AI) and blockchain. Small and Medium-sized Enterprises (SMEs) are increasingly investing in IT services to enhance their competitiveness and improve operational efficiency. Cybersecurity services remain a priority due to the proliferation of data and the growing threat landscape. The financial sector, in particular, is investing heavily in IT services to comply with regulatory requirements and leverage IT talent for data synthesis and summation. Hardware, services, software, IoT solutions, and IT spending players are responding to diverse data points and enterprise demands for data comprehensiveness and dependability. The market is expected to grow significantly, fueled by the increasing importance of IT in business operations and the ongoing integration of emerging technologies.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Business or organizations
  Consumers


Type

  Hardware
  Services
  Software


Application

  BFSI
  IT and telecom
  Healthcare
  Retail and e-commerce
  Others


Sector

  Large enterprises
  SMEs


Geography

  Southeast Asia

    Singapore
    Malaysia
    Thailand
    Indonesia
    Rest of Southeast Asia

By End-user Insights

The business or organizations segment is estimated to witness significant growth during the forecast period.

The market is primarily driven by the business sector, encompassing a wide array of entities, including SMEs and large corporations, spanning industries such as healthcare, finance, and retail. A significant factor fueling IT spending within this segment is the ongoing digital transformation, which involves the adoption of advanced technologies to boost operational efficiency, automate processes, and enhance customer engagement. This transition necessitates substantial investments in IT infrastructure, cloud computing, and advanced analytics. Furthermore, cybersecurity concerns have emerged as a critical issue, prompting businesses to allocate more resources toward securing their digital assets and ensuring regulatory compliance. Emerging technologies, including artificial intelligence, blockchain, mobility solutions, and IoT, are also gaining traction, further accelerating market growth.

IT associations and research firms project continued growth in IT spending across various sectors, driven by the proliferation of data, increasing internet users, and the adoption of telecommunication services. company selection methodologies, comprehensive research, and quantitative data analysis are essential for enterprises seeking to make informed technology spending decisions.

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Market Dynamics

Our market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of Southeast Asia It Spending Market?

Increased adoption of mobility solutions in Southeast Asia is the key driver of the market.

The market plays a pivotal role in facilitating digital transformation across various sectors, including SMEs, financial services, tourism, and hospitality. Emerging technologies, such as artificial intelligence and blockchain, are driving IT spending In these industries. Cybersecurity services are also in high demand due to the increasing threat of cyber attacks. Technology spending on hardware, services, and software is projected to grow significa

In 2022, the highest share of research and development spending (R&D) was made within the hardware technology producing industry, accounting for a total of nearly ** percent of the global R&D spending. The health sector and software producers followed in second at nearly ** percent each. In total, global R&D spending reached *** trillion U.S. dollars in 2022. Health industry and COVID-19 The high share spent by the health industry must be seen in relation with the COVID-19 pandemic that started spreading in late 2019 and caused deaths, lockdowns, and restrictions throughout 2020 and onwards. As governments and pharmaceutical companies sought to find an efficient vaccine against the virus, investment in research continued to increase. However, regardless of the pandemic, R&D spending within health care is essential in order to combat a variety of diseases, from small pox via malaria to cancer. Information and communication technology As people around the world become more and more dependent on information and communication technology, research spending by companies producing hardware and software continues to increase as these seek to further develop. For instance, all the seven companies with the highest R&D spending in 2022 were either software or hardware producing companies. The largest single investor was the software giant ******.

Global IT Spending in Energy market size 2025 was XX Million. IT Spending in Energy Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

India IHIS: Percentage of Revenue: Four-Star: Operating Expenses data was reported at 32.100 % in 2017. This records a decrease from the previous number of 33.200 % for 2016. India IHIS: Percentage of Revenue: Four-Star: Operating Expenses data is updated yearly, averaging 33.250 % from Mar 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 35.300 % in 2003 and a record low of 26.500 % in 2007. India IHIS: Percentage of Revenue: Four-Star: Operating Expenses data remains active status in CEIC and is reported by Federation of Hotel & Restaurant Associations of India. The data is categorized under India Premium Database’s Hotel Sector – Table IN.QHF002: Indian Hotel Industry Survey: Financial Performance: Revenue: by Hotel Ratings.

According to Cognitive Market Research, the global Enterprise ICT Spending market size will be USD 425614.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 170245.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 127684.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 97891.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 21280.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 8512.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
The Hardware is the fastest growing segment of the Enterprise ICT Spending industry

Market Dynamics of Enterprise ICT Spending Market

Key Drivers for Enterprise ICT Spending Market

Increasing Digital Transformation to Boost Market Growth

The rapid adoption of virtual technology is driving big growth in enterprise ICT spending across industries. Businesses are increasingly investing in cloud computing, synthetic intelligence (AI), the Internet of Things (IoT), and other superior technologies to enhance operational performance, reduce prices, and benefit a competitive facet. These technologies permit groups to streamline procedures, enhance decision-making, and foster innovation. Cloud computing helps scalability and versatility; AI automates tasks and provides actionable insights, even as IoT connects devices for real-time records tracking. This digital transformation is essential for businesses to remain agile and aggressive in today's speedy-evolving market.

Expansion of Cloud Computing Adoption to Drive Market Growth

The shift from on-premises facts facilities to cloud-primarily based infrastructure is a major fashion in enterprise ICT spending. Cloud computing gives scalability, flexibility, and cost-efficiency, making it an appealing answer for businesses searching to streamline operations. By leveraging cloud offerings, agencies can easily scale resources up or down based totally on demand, reduce capital fees on bodily hardware, and boom agility. Additionally, the cloud enables faster deployment of programs and higher collaboration through far-flung get entry. These advantages have pushed good-sized adoption across industries, as agencies' purpose is to optimize overall performance and adapt to changing technological and marketplace dynamics.

Restraint Factor for the Enterprise ICT Spending Market

Economic Uncertainty, will Limit Market Growth

Economic uncertainty or downturns can significantly affect enterprise ICT spending, as groups regularly grow to be more careful with their investments. In unsure monetary conditions, organizations may additionally put off or scale back on era initiatives, focusing rather on price-cutting and retaining liquidity. Investments in new technology, infrastructure improvements, or virtual transformation initiatives might be postponed till market conditions improve. While crucial IT offerings stay a priority, discretionary spending on innovation or enlargement is often decreased. This cautious technique allows organizations to mitigate threats and navigate economic instability. However it could gradually down era adoption and innovation in the brief period.

Impact of Covid-19 on the Enterprise ICT Spending Market

The COVID-19 pandemic had a mixed impact on enterprise ICT spending. While some sectors reduced spending due to economic uncertainty, others expanded investments in digital technologies to assist far-off work, e-commerce, and cloud-based operations. The demand for cybersecurity, cloud computing, and collaboration equipment surged as businesses tailored to new ways of running. However, spending on non-important IT tasks often needs to be completed on time. Overall, the pandemic underscored the vital role of digital transformation in ensuring business continu...

India IHIS: Percentage of Revenue: Two-Star: Fixed Expenses data was reported at 2.300 % in 2017. This records a decrease from the previous number of 2.700 % for 2016. India IHIS: Percentage of Revenue: Two-Star: Fixed Expenses data is updated yearly, averaging 3.550 % from Mar 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 5.100 % in 2004 and a record low of 2.300 % in 2017. India IHIS: Percentage of Revenue: Two-Star: Fixed Expenses data remains active status in CEIC and is reported by Federation of Hotel & Restaurant Associations of India. The data is categorized under India Premium Database’s Hotel Sector – Table IN.QHF002: Indian Hotel Industry Survey: Financial Performance: Revenue: by Hotel Ratings.

India IHIS: Percentage of Revenue: Five-Star Deluxe: Operating Expenses data was reported at 32.800 % in 2017. This records an increase from the previous number of 30.300 % for 2016. India IHIS: Percentage of Revenue: Five-Star Deluxe: Operating Expenses data is updated yearly, averaging 29.550 % from Mar 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 36.400 % in 2002 and a record low of 21.800 % in 2008. India IHIS: Percentage of Revenue: Five-Star Deluxe: Operating Expenses data remains active status in CEIC and is reported by Federation of Hotel & Restaurant Associations of India. The data is categorized under India Premium Database’s Hotel Sector – Table IN.QHF002: Indian Hotel Industry Survey: Financial Performance: Revenue: by Hotel Ratings.

India IHIS: Percentage of Revenue: Four-Star: Fixed Expenses data was reported at 2.400 % in 2017. This records an increase from the previous number of 2.200 % for 2016. India IHIS: Percentage of Revenue: Four-Star: Fixed Expenses data is updated yearly, averaging 3.200 % from Mar 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 6.000 % in 2003 and a record low of 2.200 % in 2016. India IHIS: Percentage of Revenue: Four-Star: Fixed Expenses data remains active status in CEIC and is reported by Federation of Hotel & Restaurant Associations of India. The data is categorized under India Premium Database’s Hotel Sector – Table IN.QHF002: Indian Hotel Industry Survey: Financial Performance: Revenue: by Hotel Ratings.

In 2021, the agrochemical and fertilizer sector stood out in the chemical industry by having the highest research and development (R&D) spending relative to its revenue, with investments accounting for 5.9 percent of the sector’s total revenue. This equates to an R&D investment of 5.7 billion U.S. dollars for that year.

India IHIS: Percentage of Revenue: Independent Hotels: Fixed Expenses data was reported at 2.600 % in 2017. This records an increase from the previous number of 2.300 % for 2016. India IHIS: Percentage of Revenue: Independent Hotels: Fixed Expenses data is updated yearly, averaging 3.400 % from Mar 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 5.600 % in 2005 and a record low of 2.300 % in 2016. India IHIS: Percentage of Revenue: Independent Hotels: Fixed Expenses data remains active status in CEIC and is reported by Federation of Hotel & Restaurant Associations of India. The data is categorized under India Premium Database’s Hotel Sector – Table IN.QHF004: Indian Hotel Industry Survey: Financial Performance: Revenue: by Ownership.

According to Cognitive Market Research, the global Technology Spending Revenue Cycle Management Market size will be USD 52652.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 19481.54 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue, with a market size of USD 15269.31 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 12636.67 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue, with a market size of USD 2000.81 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 2106.11 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 1158.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2033.
Traditional brackets category is the fastest growing segment of the Technology Spending Revenue Cycle Management Market

Market Dynamics of Technology Spending Revenue Cycle Management Market

Key Drivers for Technology Spending Revenue Cycle Management Market

Government Mandates for Digital Health Recordkeeping Drive RCM Technology Spending to Boost Market Growth

In recent years, the initiatives of the U.S. government to improve electronic health recordkeeping are having a major impact on technology expenditure in the Revenue Cycle Management (RCM) industry. The Office of the National Coordinator for Health Information Technology (ONC) and the Centers for Medicare & Medicaid Services (CMS) have introduced programs aimed at encouraging the adoption of electronic health records (EHRs). Significantly, more than 70% of eligible doctors and over 95% of eligible hospitals have effectively used EHRs, for which they received payments from the federal government. The goal is to enhance patient care through enhanced data management and interoperability. Additionally, the ONC's Health Interoperability Outcomes 2030 project conceptualizes a future where patients and healthcare providers enjoy effortless access to electronic health information, making care delivery and decision-making more effective. Such regulation-promoted schemes are compelling health organizations to make significant investments in advanced RCM technology to align with regulations and operationalize efficiency.

Rising Medicare and Medicaid Expenditures Propel Demand for Efficient RCM Technologies To Boost Market Growth

The steady increase in U.S. healthcare expenditure, particularly under government-sponsored programs such as Medicare and Medicaid, is directly driving the demand for effective Revenue Cycle Management (RCM) systems. National health spending is expected to hit $7.2 trillion by 2031, with Medicare and Medicaid contributing more than 40% of the amount, as reported by the Centers for Medicare & Medicaid Services (CMS). To cope with this gigantic financial burden, healthcare providers are investing more in technology solutions that automate billing, enhance claims processing, and reduce revenue leakage. Effective RCM systems enable increased compliance with intricate reimbursement frameworks and changing regulatory requirements under government insurance programs. With the growing population age and chronic disease burden, administrative effectiveness becomes an imperative priority.

Restraint Factor for the Technology Spending Revenue Cycle Management Market

Data Privacy and Security Concerns Restrain the Adoption of RCM Technologies.

The growing digitization of healthcare financial activities, such as Revenue Cycle Management (RCM), poses huge concerns regarding patient data privacy and cybersecurity. According to the U.S. Department of Health and Human Services (HHS) Office for Civil Rights (OCR), more than 725 large-scale healthcare data breaches were disclosed in 2023 alone, involving over 133 million people. These violations ...

This statistic displays the share of the construction sector respondents' annual sales volume spent on their company's information technology (IT) in the United States as of 2018. As of that year, ** percent of the surveyed respondents from the U.S. construction sector stated that their companies spent less than *** percent of their annual sales volume on IT.