Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • Remote Monitoring And Control Market Size, Share, Revenue, Trends And Drivers For 2024-2033
    Remote Monitoring And Control Market Size, Share, Revenue, Trends And Drivers For 2024-2033 World News
  • Insider Perks Unveils AI-Powered Reservation Technology for Enhanced Guest Experiences at Campgrounds and RV Resorts
    Insider Perks Unveils AI-Powered Reservation Technology for Enhanced Guest Experiences at Campgrounds and RV Resorts Business
  • Heart Failure Market to Reach US$ 18.5 Billion by 2033, at CAGR of 9.81% from 2024 to 2034
    Heart Failure Market to Reach US$ 18.5 Billion by 2033, at CAGR of 9.81% from 2024 to 2034 Business
  • Optical Waveguide Market Size, Share, Revenue, Trends And Drivers For 2023-2032
    Optical Waveguide Market Size, Share, Revenue, Trends And Drivers For 2023-2032 World News
  • 40+ HighSchoolers completed Civic Engagement & Leadership Program from Foundation for India and Indian Diaspora Studies
    40+ HighSchoolers completed Civic Engagement & Leadership Program from Foundation for India and Indian Diaspora Studies World News
  • A Symbol of Unity on the “I LOVE NEW YORK” Billboard
    A Symbol of Unity on the “I LOVE NEW YORK” Billboard Business
  • ‘We’re in This Love Together’ Drops July 1
    ‘We’re in This Love Together’ Drops July 1 World News
  • Joint Statement of the Quad Ministerial Meeting in New Delhi
    Joint Statement of the Quad Ministerial Meeting in New Delhi World News
,256 Billion Market Set for Robust Growth

$8,256 Billion Market Set for Robust Growth

Posted on October 1, 2024 By NewsEditor

,256 Billion Market Set for Robust Growth

Global Information Technology industry 2024

Information Technology Industry Market Composition and Major Segments

Global Information Technology Industry 2024

Stability of Information Technology Sector Forecasts

Global Information Technology industry 2024

The Global Market Model’s Global Information Technology Sector Analysis: $8,256 Billion Market Set for Robust Growth

The information technology sector includes computer systems, software, and networks used for managing, storing, and transmitting data”

— the business research company

LONDON, GREATER LONDON, UNITED KINGDOM, September 20, 2024 /EINPresswire.com/ — The Global Market Model is the world’s largest database of market forecasts, covering over 10,000 markets. Forecasts are updated biannually based on economic, geopolitical, and sector-specific factors. The latest forecast, made in July 2024, updates the previous forecasts from February 2024.
Information Technology Sector Size and Growth Forecast

In 2023, the global information technology market was valued at $8,256 billion. It is expected to grow at a compound annual growth rate (CAGR) of 8.4% from 2023 to 2033. Key drivers of this growth include the adoption of IoT technology, rising e-commerce penetration, investments in smart cities, advancements in AR/VR and blockchain technologies, increased spending on data security solutions, and the rollout of 5G technology.
Information Technology Industry Market Composition and Major Segments

The information technology sector includes computer systems, software, and networks used for managing, storing, and transmitting data. In 2023, this market represented 7.9% of global GDP, with per capita consumption reaching $1,045 annually. The largest segment within the IT sector was IT services, accounting for 38.75% of the total market. The USA was the leading contributor, accounting for 29% of the global total in 2023.
Leading Markets and the Information Technology Sector Trends

The IT sector is buoyed by high demand for cutting-edge technologies, favorable government initiatives, substantial enterprise IT budgets, and widespread digitalization across industries. While the USA remains the largest market, global internet penetration and high technology adoption continue to support overall growth.
Stability of Information Technology Sector Forecasts

The forecast has been slightly revised downward by 0.4% from February 2024, reflecting recent economic challenges. Companies have scaled back IT spending due to budget constraints, inflation-driven technology costs, and slower demand in the post-pandemic period. AI is driving significant capital investment among major tech firms as they develop advanced technologies. However, the full impact of AI on IT market dynamics is still being assessed, with ongoing evaluations of its effects on revenue and growth.
Global Market Model Provides Insights On:

• Number of internet users
• Number of households with computers
• Number of smartphone users
• Number of households with broadband access
• Number of enterprises
• Number of employees in the sector

Get comprehensive insights into the global information technology industry growth and trends with Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model/demo-request

Contact Us for More Information:

Global Market Model
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Follow Us on Social Media:
LinkedIn: https://linkedin.com/company/global-market-modelgmm
Website: https://www.thebusinessresearchcompany.com/global-market-model

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:
Facebook
X
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

You just read:

News Provided By

September 20, 2024, 17:28 GMT


EIN Presswire’s priority is author transparency. We do our best to weed out false and misleading content. The content above is
the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above.



Article originally published on www.einpresswire.com as $8,256 Billion Market Set for Robust Growth

Business

Post navigation

Previous Post: Improving User Management and Event Pages
Next Post: Rev. Anthony Evans of NBCI Sends an Emergency Letter Asking Hon. Gov. Henry McMaster to Spare the Life of Khalil Allah

Related Posts

  • Dennis & Co. Auto Group Acquires Chevrolet, Kia, and Mazda Dealerships and GM ADI Business in Riverhead, New York
    Dennis & Co. Auto Group Acquires Chevrolet, Kia, and Mazda Dealerships and GM ADI Business in Riverhead, New York Business
  • Red Wing Shoes Brings Mario’s Boots to Life in Celebration of  Nintendo + Illumination’s the Super Mario Bros. Movie
    Red Wing Shoes Brings Mario’s Boots to Life in Celebration of Nintendo + Illumination’s the Super Mario Bros. Movie Business
  • Korean Startup WeBudding Partners Exclusively With the Most Popular Free App Goodnotes 5 to Provide Korean Digital Stationery Content to Users Globally
    Korean Startup WeBudding Partners Exclusively With the Most Popular Free App Goodnotes 5 to Provide Korean Digital Stationery Content to Users Globally Business
  • Lang Financial Group Expands and Rebrands as 1706 Advisors
    Lang Financial Group Expands and Rebrands as 1706 Advisors Business
  • Transformers Market Price to Strike USD 103 billion by 2031
    Transformers Market Price to Strike USD 103 billion by 2031 Business
  • NFC Payments Market : An In-Depth Analysis of Market Trends, Competitive Landscape, and Emerging Opportunities
    NFC Payments Market : An In-Depth Analysis of Market Trends, Competitive Landscape, and Emerging Opportunities Business
June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« May    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • International Coalition Delivers Capacity, Integration, and Hardware for Payloads on Transporter-14 Mission with SpaceXJune 24, 2025
  • Market Share, Segments, and Emerging TrendsJune 23, 2025
  • IMPORTANT NOTICE TO ARMADA WASTE MANAGEMENT/GPB WASTE MANAGEMENT INVESTORS WHO SUFFERED LOSSESJune 23, 2025
  • R2 Recycling Expands E-Waste Pickup Services for Businesses & SchoolsJune 23, 2025
  • IMPORTANT NOTICE TO GPB NYC DEVELOPMENT INVESTORS WHO SUFFERED LOSSESJune 22, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • New Year’s Concert 2024 – Maestro Matthias Manasi and the Selangor Symphony Orchestra in top form
    New Year’s Concert 2024 – Maestro Matthias Manasi and the Selangor Symphony Orchestra in top form World News
  • OTC) Welcomes a Transformative Landscape for the Crypto Market
    OTC) Welcomes a Transformative Landscape for the Crypto Market Business
  • Unprecedented Opportunities for First-Time Home Buyers in the Fraser Valley
    Unprecedented Opportunities for First-Time Home Buyers in the Fraser Valley Business
  • Sun & Silo Mushroom Brand Releases New Products
    Sun & Silo Mushroom Brand Releases New Products Business
  • Beal Wellness Now Accepting Appointments
    Beal Wellness Now Accepting Appointments Business
  • Where is the conflict in Ethiopia heading? – BBC News
    Where is the conflict in Ethiopia heading? – BBC News World News
  • A Trusted Partner for Spanish Visas
    A Trusted Partner for Spanish Visas World News
  • ApsTron Science releases a new kind of Dating App to Promote Health and Happiness on Google Playstore
    ApsTron Science releases a new kind of Dating App to Promote Health and Happiness on Google Playstore World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .