Survey of advanced technology, number of advanced technologies used in each advanced technology domain, by technology domain, North American Industry Classification System (NAICS) and enterprise size for Canada and certain provinces, in 2022.

Diversity in Tech Statistics: In today's tech-driven world, discussions about diversity in the technology sector have gained significant traction. Recent statistics shed light on the disparities and opportunities within this industry. According to data from various sources, including reports from leading tech companies and diversity advocacy groups, the lack of diversity remains a prominent issue. For example, studies reveal that only 25% of computing jobs in the United States are held by women, while Black and Hispanic individuals make up just 9% of the tech workforce combined. Additionally, research indicates that LGBTQ+ individuals are underrepresented in tech, with only 2.3% of tech workers identifying as LGBTQ+. Despite these challenges, there are promising signs of progress. Companies are increasingly recognizing the importance of diversity and inclusion initiatives, with some allocating significant resources to address these issues. For instance, tech giants like Google and Microsoft have committed millions of USD to diversity programs aimed at recruiting and retaining underrepresented talent. As discussions surrounding diversity in tech continue to evolve, understanding the statistical landscape is crucial in fostering meaningful change and creating a more inclusive industry for all. Editor’s Choice In 2021, 7.9% of the US labor force was employed in technology. Women hold only 26.7% of tech employment, while men hold 73.3% of these positions. White Americans hold 62.5% of the positions in the US tech sector. Asian Americans account for 20% of jobs, Latinx Americans 8%, and Black Americans 7%. 83.3% of tech executives in the US are white. Black Americans comprised 14% of the population in 2019 but held only 7% of tech employment. For the same position, at the same business, and with the same experience, women in tech are typically paid 3% less than men. The high-tech sector employs more men (64% against 52%), Asian Americans (14% compared to 5.8%), and white people (68.5% versus 63.5%) compared to other industries. The tech industry is urged to prioritize inclusion when hiring, mentoring, and retaining employees to bridge the digital skills gap. Black professionals only account for 4% of all tech workers despite being 13% of the US workforce. Hispanic professionals hold just 8% of all STEM jobs despite being 17% of the national workforce. Only 22% of workers in tech are ethnic minorities. Gender diversity in tech is low, with just 26% of jobs in computer-related sectors occupied by women. Companies with diverse teams have higher profitability, with those in the top quartile for gender diversity being 25% more likely to have above-average profitability. Every month, the tech industry adds about 9,600 jobs to the U.S. economy. Between May 2009 and May 2015, over 800,000 net STEM jobs were added to the U.S. economy. STEM jobs are expected to grow by another 8.9% between 2015 and 2024. The percentage of black and Hispanic employees at major tech companies is very low, making up just one to three percent of the tech workforce. Tech hiring relies heavily on poaching and incentives, creating an unsustainable ecosystem ripe for disruption. Recruiters have a significant role in disrupting the hiring process to support diversity and inclusion. You May Also Like To Read Outsourcing Statistics Digital Transformation Statistics Internet of Things Statistics Computer Vision Statistics

Percentage of enterprises that use Information and Communication Technologies (ICT) by the North American Industry Classification System (NAICS) and size of enterprise. ICT consists of the hardware, software, networks and media for the collection, storage, processing, transmission and presentation of information (voice, data, text, images), as well as related services.

According to Cognitive Market Research, Information Technology Global Market Size was USD XX Million in 2024 and is set to achieve a market size of USD XX Million by the end of 2033 growing at a CAGR of XX% from 2025 to 2033.

North America held largest share of xx% in the year 2024 
Europe held share of xx% in the year 2024 
Asia-Pacific held significant share of xx% in the year 2024 
South America held significant share of xx% in the year 2024
Middle East and Africa held significant share of xx% in the year 2024 

Market Dynamics of IT Information Technology Market

Key Drivers of IT Information Technology Market

The Growing Adoption of Cloud Computing, Artificial Intelligence, and Big Data

The extensive incorporation of cutting-edge digital technologies—cloud computing, AI, and big data—serves as a key catalyst for the growth of the IT market. Cloud computing provides businesses with scalable and adaptable infrastructure, AI enhances operational efficiency through automation and predictive analytics, and big data supports informed decision-making. For example, Atera’s collaboration with Azure OpenAI facilitates predictive issue resolution and significantly enhances IT productivity. These technologies are transforming workflows across various industries and driving innovation, ensuring that the IT sector remains at the forefront of global digital transformation.

Source:https://www.microsoft.com/en/customers/story/1662731177894407321-atera-professional-services-azure-en-israel

The Transformative Influence of IoT is Enhancing the Global IT Sector

The rapid proliferation of Internet of Things (IoT) devices—projected to exceed 16.6 billion by the close of 2023—has intensified the demand for IT infrastructure, services, and analytics. IoT fosters real-time data gathering, automation, and predictive maintenance in sectors such as healthcare, manufacturing, and smart cities. The immense data produced by interconnected devices is propelling advancements in AI, cloud computing, and edge computing. With increasing investments in 5G and digital infrastructure, IoT continues to serve as a vital enabler of IT market growth on a global scale.

(Source:https://iot-analytics.com/product/state-of-iot-summer-2024/)

Key Restraints in IT Information Technology Market

Growing Concerns Regarding Data Privacy are Impeding IT Market Expansion

High-profile cyber incidents, such as the 2021 Microsoft Exchange Server breach, have triggered considerable anxiety regarding data security. Consumer apprehensions about surveillance, unauthorized access, and the corporate misuse of personal data are on the rise. According to Deloitte, almost 60% of consumers express concerns about security breaches, with trust in corporate data management notably diminished. This situation has prompted demands for more stringent privacy regulations and may hinder digital adoption due to heightened compliance requirements and public skepticism.

(Source:https://www2.deloitte.com/us/en/insights/industry/telecommunications/connectivity-mobile-trends-survey/2023/data-privacy-and-security.html

https://en.wikipedia.org/wiki/WannaCry_ransomware_attack)

Cybersecurity Threats and the Escalation of Attack Complexity

The emergence of intricate cyber threats, such as ransomware (e.g., WannaCry), poses a persistent challenge for the IT industry. Cybercriminals take advantage of weaknesses in essential systems, leading to financial losses, data breaches, and damage to reputation. Tackling cybersecurity necessitates ongoing investment in threat detection, endpoint security, and adherence to regulations. These evolving threats not only increase operational expenses but also discourage smaller enterprises from adopting advanced IT solutions due to the fear of vulnerability.

Key Trends of IT Information Technology Market

Expansion of Edge Computing to Facilitate Real-Time Applications

As IoT and smart devices become more prevalent, edge computing is gaining traction by processing data nearer to its source. This approach minimizes latency and enhances response times, making it particularly suitable for real-time applications such as autonomous vehicles, smart manufacturing, and augmented reality. The shift towards edge infrastructure is transforming IT architectures to more effectively balance cloud and on-premise computing requirements.

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In 2024, Google's parent company reported an annual revenue increase of ** percent. In 2024, video content and streaming platform Netflix increased its annual revenue by ** percent. Meta Platforms (formerly Facebook Inc.) generated a ** percent year-on-year revenue increase during the same period. Additionally, Amazon had a year-over-year revenue increase of ** percent for its fiscal year of 2024.

Mapped In list of cool Tech Companies NYC http://driverrestore.com/

The United States (US) IT Services is Segmented by Type (IT Consulting and Implementation, ADM, and More), Deployment Model (Onshore Delivery, Nearshore Delivery, and More), Engagement Model (Project-Based / Fixed Price, and More), Organization Size (Large Enterprises, Smes), End-User (BFSI, Manufacturing, Government, and More), and by Geography. The Market Forecasts are Provided in Terms of Value in USD.

Innovation and business strategy, advanced technology use, by North American Industry Classification System (NAICS), enterprise size and advanced technology for Canada and selected provinces from 2009 to today.

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; ;

Green Technology Market is Segmented by Component (Solutions, Services), Technology (Internet of Things (IoT), Artificial Intelligence and Analytics, Digital Twin, and More), Application (Green Building, Carbon Footprint Management, and More), End User Industry (Energy and Utilities, Manufacturing, and More). The Market Forecasts are Provided in Terms of Value (USD).

It contains data for 11 items, which are: Technology innovation Product innovation Technology innovation 1 Product innovation 1 Foreign R&D investment Local R&D investment Industrial worker Industrial export trade Local financial support for science and technology Local social capital Funds for industrial technological transformation

Dataset from the bioscience and health technology sector database. The data relates to companies that are active in the UK in the life sciences sectors. These sectors are: Pre- 2015: medical technology medical biotechnology industrial biotechnology pharmaceutical 2015 onwards: medical technology bio-pharmaceuticals The latest report (2018) has been classified as an Official Statistic and is compliant with the Code of Practice for Statistics. 15 September 2021 We have identified several minor errors in the Bioscience and Health Technology Sector Statistics published on the 20 August 2020. Details of these errors (which have been corrected) are as follows. Section 2 – Sector overviews: Several sector breakdowns provide the number of ‘businesses’ in a segment but labelled these as the number of ‘sites’ in the original publication. These errors have been corrected on pages 11, 12 and 13. Section 4 – Digital health & genomics: Overall genomics related activity in the UK is located in 60 sites (previously quoted as 50 on pages 19 and 20). Life Sciences Infographic: The ‘Industry Characteristics’ section states that the top 25 Biopharmaceutical companies and top 30 Medical technology companies globally are responsible for 24% of employment and 37% or turnover in the UK Life Sciences sector. These were quoted as 22% or employment and 35% of turnover in the original publication. We have altered our quality assurance framework to prevent a recurrence of these errors in the future and apologise for any issues they have caused our users.

Exports: Asia: China: ICT: TAB: Office data was reported at 5,616,016.000 USD in 2024. This records a decrease from the previous number of 6,724,684.000 USD for 2023. Exports: Asia: China: ICT: TAB: Office data is updated yearly, averaging 10,741,395.000 USD from Dec 1996 (Median) to 2024, with 29 observations. The data reached an all-time high of 123,310,545.000 USD in 2007 and a record low of 321,166.000 USD in 1996. Exports: Asia: China: ICT: TAB: Office data remains active status in CEIC and is reported by Ministry of Science and ICT. The data is categorized under Global Database’s South Korea – Table KR.JA068: Trade Statistics: Export: Information & Communication Technology Industry: by Region: Annual.

Exports: Africa: ICT: TAB: Electrical data was reported at 114,571,105.000 USD in 2024. This records a decrease from the previous number of 147,527,637.000 USD for 2023. Exports: Africa: ICT: TAB: Electrical data is updated yearly, averaging 84,322,443.000 USD from Dec 1996 (Median) to 2024, with 29 observations. The data reached an all-time high of 147,527,637.000 USD in 2023 and a record low of 30,814,445.000 USD in 2002. Exports: Africa: ICT: TAB: Electrical data remains active status in CEIC and is reported by Ministry of Science and ICT. The data is categorized under Global Database’s South Korea – Table KR.JA068: Trade Statistics: Export: Information & Communication Technology Industry: by Region: Annual.

The digitalization of the travel market has transformed how consumers research, book, and experience travel, ushering in a new era that blends technology with customer service. As the industry pivots toward digital solutions, travel agencies, airlines, and hospitality providers are leveraging advanced technologies t

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Information Technology (IT) Training Market Size 2025-2029

The information technology (it) training market size is forecast to increase by USD 13.23 billion, at a CAGR of 6.8% between 2024 and 2029.

The market is experiencing significant growth and transformation, driven by the increasing adoption of advanced technologies such as artificial intelligence, machine learning, and cloud computing. These innovations are revolutionizing the way businesses operate and learn, creating a surge in demand for IT training services. Additionally, the popularity of blended learning, which combines traditional classroom instruction with online learning, is gaining traction as it offers flexibility and cost savings. Furthermore, Massive Open Online Courses (MOOCs) are increasingly being utilized to provide accessible and affordable IT training to a large number of learners. However, the market faces challenges including the need for continuous skill development due to the rapid pace of technological change and the high cost of IT training, which can be a barrier for small and medium-sized enterprises. To capitalize on market opportunities, companies should focus on offering flexible, affordable, and customized IT training solutions that cater to the evolving needs of businesses and individuals. Additionally, partnerships with educational institutions and technology providers can help companies stay ahead of the curve and offer cutting-edge training programs. Navigating these challenges and leveraging market trends will be key for companies seeking to succeed in the dynamic and growing IT Training Market.

What will be the Size of the Information Technology (IT) Training Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleIn the dynamic and ever-evolving the market, entities provide a range of offerings to address the continuous skills development needs of organizations and individuals. These entities offer seamlessly integrated solutions, encompassing talent development, e-learning platforms, video tutorials, curriculum development, community forums, technical training, assessment tools, social learning, learning objectives, simulation training, training delivery methods, and technical support. The IT training landscape is characterized by the unfolding of market activities and evolving patterns. For instance, mobile learning has gained prominence, enabling learners to access training materials on-the-go. Instructor-led training continues to be a popular choice, while e-learning authoring tools and instructional design facilitate the creation of customized training content. Knowledge management systems and customer service training are essential for businesses seeking to enhance their operational efficiency and customer experience. Virtual classrooms and customer support offer real-time interaction between learners and trainers, fostering a collaborative learning environment. Training evaluation and certification programs ensure the effectiveness and standardization of IT training initiatives. Performance support tools, sales training, and support services cater to the ongoing learning needs of employees. Boot camps and multimedia content provide immersive learning experiences, while collaboration tools and project management training foster teamwork and productivity. Software training, content creation, and data analytics training equip learners with the necessary skills to leverage emerging technologies. Cloud computing training, knowledge sharing, and training materials enable organizations to access and disseminate IT knowledge effectively. Interactive content, live streaming, leadership training, blended learning, cybersecurity training, self-paced learning, and agile methodologies are some of the other IT training trends shaping the market. The IT training market is a vibrant and continuously evolving ecosystem, with entities continually innovating to meet the evolving learning needs of their clients.

How is this Information Technology (IT) Training Industry segmented?

The information technology (it) training industry 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. ServiceInfrastructureDevelopmentDatabaseSecurityOthersEnd-userCorporateSchools and collegesAcademic InstittionsOthersDelivery MethodOnline/E-learningClassroom/Instructor-ledBlended LearningOrganization SizeSmall EnterprisesMedium EnterprisesLarge EnterprisesGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaUAEAPACAustraliaChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By Service Insights

The infrastructure segment is estimated to witness significant growth during the

In 2020, estimates suggest that the consumer market for immersive technology will bring in around *** billion dollars in revenue around the world. The single largest segment of the market is virtual reality which will account for less than half of that total, while mobile augmented reality and augmented/mixed reality headsets will bring in around *** billion dollars combined. The immersive technology market has been negatively impacted by the 2020 coronavirus (COVID-19) pandemic, and the forecast numbers reflected that impact. What is immersive technology? Immersive technology is perhaps best understood by considering some of its most well-known applications such as virtual and augmented reality. The technology seeks to simulate physical scenarios and environments for its users, thereby lending itself to uses related to both professional training and entertainment. The augmented and virtual reality market is forecast to grow into a 160-billion-dollar market by 2023, as the consumer electronic devices which enable the use of these technologies become increasingly available. As of 2018, the vast majority of immersive technology users in the United States accessed the technology via their smartphones, with smaller portions utilizing console or stand-alone virtual or augmented reality. Immersive technology hardware The devices used to experience immersive technology range from cardboard smartphone attachments to advanced virtual reality headsets. Primarily through sales of its popular PlayStation VR gaming product, Sony has solidified its position as the market leader in terms of sales of these virtual reality headsets, but companies like Facebook and Google have invested heavily in the hopes of claiming a portion of the growing market.

Digital technology and Internet use, Information and Communication Technology (ICT) acquisition, by North American Industry Classification System (NAICS) and size of enterprise for Canada in 2012.

The GovTech market, representing the intersection of technology and government, has emerged as a pivotal force in enhancing public sector efficiency and service delivery. This dynamic sector encompasses a wide range of solutions, including software platforms that streamline administrative processes, data analytics t

Digital technology and Internet use, type of Information and Communication Technology (ICT) use, by North American Industry Classification System (NAICS), size of enterprise and Communication Technology (ICT) use for Canada from 2012 to 2013.