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.

Total IT spending worldwide is expected to increase by 9.8 percent in 2025, with spending on data center systems forecast to increase by 23.2 percent. Demand for data center capacity has surged amid the adoption of data intensive technologies such as artificial intelligence (AI) and the cloud.

The United States IT spending market attained a value of nearly USD 1.30 Trillion in 2024. The market is further expected to grow at a CAGR of 3.80% during the forecast period of 2025-2034 to reach a value of USD 1.89 Trillion by 2034.

The content spending of Netflix worldwide amounted to around 16.2 billion U.S. dollars in 2024, down from a targeted 17 billion U.S. dollars. According to estimates, Netflix's expenditures on content will likely grow to roughly 18 billion U.S. dollars in 2025. Netflix leads SVOD original content spending A forecast suggests that Netflix spent around seven billion U.S. dollars on its own originals in 2023, ranking fifth among global media companies after Disney, Warner Bros. Discovery, Paramount, and Comcast. However, with a share of over 25 percent, the streaming giant accounts for the highest amount of SVOD original content spending worldwide. Slowdown in content investments Aside from the beginning of the COVID-19 pandemic in 2020, when Netflix’s content spending fell, its investments in content have steadily increased every year. Production costs of originals, such as “Stranger Things” and “The Crown,” are reaching ever new heights. But the company is expected to plateau its content budget for the next few years, and it is not the only streaming provider that needs to keep their costs low. Following a net loss of over one billion U.S. dollars in its direct-to-consumer segment in Q1 2023, Disney announced in February 2023 that it would be slashing five billion U.S. dollars in costs, including both content and non-content cuts, in order to make its streaming business profitable.

Fiscal Expenditure in the United States increased to 687233 USD Million in May from 591769 USD Million in April of 2025. This dataset provides - United States Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

IT Spending by Investment Banks Market Outlook

The global IT spending by investment banks market size was valued at approximately $53.2 billion in 2023, with a projected increase to $94.1 billion by 2032, reflecting a CAGR of 6.7%. This remarkable growth is driven by the increasing need for advanced technology solutions to streamline operations, enhance risk management, and ensure regulatory compliance within the highly competitive and dynamic financial sector.

The first significant growth factor in this market is the continual advancement in financial technologies (fintech). Investment banks are increasingly leveraging cutting-edge technologies such as artificial intelligence (AI), machine learning (ML), and blockchain to improve operational efficiency and decision-making processes. These technologies help in automating routine tasks, enhancing data analytics capabilities, and providing real-time insights, thereby driving substantial investments in IT infrastructure and software solutions.

Another critical driver is the growing complexity of regulatory requirements. Investment banks face immense pressure to comply with an evolving landscape of financial regulations. To manage compliance efficiently and avoid hefty fines, banks are investing heavily in regulatory technology (RegTech). These investments not only help in monitoring and reporting but also in predictive analytics to foresee potential compliance issues, thus ensuring adherence to stringent regulatory standards.

The rising importance of cybersecurity also plays a pivotal role in driving IT spending. Investment banks handle sensitive financial information, making them prime targets for cyber-attacks. To safeguard against potential breaches and protect client data, banks are allocating substantial budgets to enhance their cybersecurity measures. This includes investments in advanced security software, robust encryption technologies, and comprehensive security protocols to mitigate risks and secure their IT infrastructure.

Capital Ict Spending is increasingly becoming a focal point for investment banks as they strive to enhance their technological capabilities. With the rapid evolution of digital technologies, banks are allocating significant portions of their budgets towards ICT investments. This encompasses a wide range of areas including cloud computing, data analytics, and cybersecurity. The emphasis on Capital Ict Spending is driven by the need to maintain a competitive edge in the market, improve operational efficiencies, and ensure robust data security measures. As investment banks continue to navigate the complexities of the financial landscape, strategic ICT investments are crucial in supporting their growth and transformation initiatives.

Regionally, North America dominates the IT spending by investment banks market, followed by Europe and the Asia Pacific. The high concentration of global financial institutions, coupled with a strong focus on technological innovation and regulatory compliance, drives significant IT investments in these regions. Furthermore, the presence of major technology providers and fintech startups in North America fuels continuous advancements and adoption of cutting-edge IT solutions.

Component Analysis

Breaking down the market by components, the hardware segment involves significant investments in servers, data storage solutions, and networking equipment. Investment banks require robust and scalable hardware infrastructure to support high-frequency trading, large-scale data analytics, and secure transaction processing. Upgrading legacy systems and integrating advanced hardware technologies are crucial for maintaining performance and reliability in their IT operations.

The software segment captures a substantial share of IT spending, encompassing a wide range of applications such as trading platforms, risk management systems, compliance software, and customer relationship management (CRM) tools. Investment banks consistently seek software solutions that offer enhanced functionality, scalability, and integration capabilities. The shift towards cloud-based software solutions also contributes to the growth of this segment, offering flexibility and cost-efficiency.

Services are another pivotal component of IT spending, including consulting, implementation, training, and maintenance services. The complexity of financial IT ecosystems necessitates specialized expertise to ensur

This dataset is by fiscal year and provides the percentage of the total money spent for goods and services for competitively generated contracts.This page provides data for the Competitively Generated Contract Spend performance measure.The performance measure dashboard is available at 5.06 Competitively Generated Contracts.Additional InformationSource:Contact: Michael GreeneContact E-Mail: michael_greene@tempe.govData Source Type: ExcelPreparation Method: ManualPublish Frequency: AnnuallyPublish Method: ManualData Dictionary

A monthly-updated list of all financial transactions spending over £500 made by the Department for Business, Innovation and Skills, as part of the Government's commitment to transparency in expenditure. For spend from January 2011 see http://data.gov.uk/dataset/financial-transactions-spend-data-bis

The average spend per employee is forecast to experience significant growth in all segments in 2029. As part of the positive trend, the indicator reaches the maximum value for all two different segments at the end of the comparison period. Particularly noteworthy is the segment Service Provider Network Infrastructure, which has the highest value of 60.22 U.S. dollars. Find further statistics on other topics such as a comparison of countries or regions regarding the revenue and a comparison of the revenue in France. The Statista Market Insights cover a broad range of additional markets.

We are committed to making our finances clear so that everyone can see exactly how we are spending money. As part of our commitment to providing financial transparency, we will publish quarterly reports on every transaction on a Government Procurement Card and virtual charge card (all food).

A monthly-updated list of all financial transactions spending over £25,000 made by the Home Office, its executive agencies and non-departmental public bodies (NDPBs) as part of the Government's commitment to transparency in expenditure.

A monthly-updated list of all financial transactions spending over £25,000 made by HM Treasury, as part of the Government's commitment to transparency in expenditure. The final column contains a readable explanation of what the money was spent on.

The estimated ad spending in Central and Eastern Europe is forecast to reach nearly 14.5 billion U.S. dollars in 2022. In comparison, the ad spending in Latin America in the same year is expected to amount to around 29.1 billion dollars.

🇬🇧 영국 English A monthly-updated list of all financial transactions spending over £25,000 made by department, as part of the Government's commitment to transparency in expenditure

A monthly-updated list of financial spend transactions over £500 made by The Student Loans Company in the Financial Year 2012 - 2013, as part of the Government's commitment to transparency in expenditure.

This dataset provides values for HOUSEHOLD SPENDING reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The Department for Business, Innovation and Skills (BIS) publishes details of all spending over £500 using a GPC (departmental debit card) on a monthly basis. A monthly-updated list of all financial spend transactions made by the Department for Business, Innovation and Skills, as part of the Government's commitment to transparency in expenditure. BIS was replaced by the Department for Business, Energy and Industrial Strategy (BEIS) in July 2016.