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Information Technology Global Market Report 2024

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    Report

  • 500 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5781249
The information technology market size has grown strongly in recent years. It will grow from $8508.63 billion in 2023 to $9039 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed in the historic period was driven by increased personal computing, widespread internet adoption, the mobile revolution, advancements in software development, the open-source movement, and growing concerns about cybersecurity.

The information technology market size is expected to see strong growth in the next few years. It will grow to $12417.21 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. Forecasted growth hinges on globalized IT services, digital transformation, cybersecurity innovations, smart city development, and evolving e-commerce. Major trends include hybrid work setups, cloud computing, climate tech solutions, AI in business, sustainable IT practices, and blockchain tech.

The burgeoning demand for cloud computing services is expected to be a major driver for the information technology sector in the forecast period. Cloud computing involves storing data on the internet through a service provided by cloud computing providers, who manage and operate data storage as a service. Many companies are now opting for cloud-hosted applications for their day-to-day operations. According to statistics from hostingtribunal.com, it is projected that 94% of enterprise workloads were processed by cloud data centers in 2021. This trend reflects the increasing preference for cloud-based data storage, contributing significantly to the growing demand for information technology.

The growth of the information technology market is further propelled by the escalating adoption of Internet of Things (IoT) devices. The Internet of Things refers to a network of physical objects embedded with sensors, software, and connectivity capabilities, enabling them to collect and exchange data over the Internet. Information technology plays a crucial role in the successful deployment, management, and utilization of IoT devices, providing the necessary infrastructure, connectivity, security, and analytics capabilities. As an illustration, data from the GSM Association in January 2022 projected a significant surge in global IoT connections, reaching 23.3 billion by 2025, compared to the 15.1 billion connections recorded in 2021. This substantial increase in the adoption of IoT devices serves as a key driver for the growth of the information technology market.

The COVID-19 pandemic served as a significant impediment to the information technology market in 2020. The disruptions were primarily attributed to supply chain interruptions due to trade restrictions, compounded by the challenges faced by employees working remotely as a result of lockdowns imposed globally. These restrictions compelled businesses to adapt to work-from-home arrangements, posing difficulties related to infrastructure and communication. COVID-19, identified in Wuhan, China, in 2019, brought about flu-such as symptoms, including fever, cough, and respiratory challenges, leading to a global spread. National governments implemented measures to curb transmission, resulting in diminished economic activity and widespread lockdowns. Throughout 2020 and into 2021, the pandemic had an adverse impact on businesses. However, looking ahead, there is an expectation that the information technology market will recover from this disruption. Despite the challenges posed by the 'black swan' event, it is anticipated that the market's recovery will occur over the forecast period, with the setback not being indicative of any ongoing or fundamental weaknesses within the market or the global economy.

There has been a noticeable increase in the prevalence of low-cost open-source alternatives, making open source a preferred platform for developing new technology. Unlike as the past, where software publishers would often open-source software that was not profitable, there is now a strategic shift, with companies embracing open source to enhance their market presence and share. As an example, Supabase, a startup incubated by Y Combinator (YC), recently secured $6 million in funding to develop new open-source tools, exemplifying the continued interest and investment in open-source initiatives.

Major companies within the information technology market are focusing on introducing innovative next-generation language models as a strategy to drive revenues. These language models, a type of artificial intelligence technology, aim to enhance natural language processing and understanding. In a notable instance, Google, a prominent US-based technology company, launched a next-generation language model in May 2023. This model is designed to build upon previous advancements in large language models, incorporating improvements in dataset mixture, model architecture and objective, and optimal scaling using compute resources. This introduction underscores the ongoing efforts to push the boundaries of language processing capabilities in the information technology sector.

Major companies operating in the information technology market report are Apple Inc.; Microsoft Corporation; Verizon Communications Inc.; China Mobile Limited; AT&T Inc.; Huawei Technologies Co. Ltd.; Deutsche Telekom AG; Dell Technologies Inc.; Samsung Electronics Co. Ltd.; Comcast Corporation; International Business Machines Corp.; Oracle Corporation; Tata Consultancy Services Ltd.; Salesforce Inc.; Infosys Limited; Wipro Limited; Tech Mahindra Limited; Echo Global Logistics Inc.; Larsen & Toubro Infotech Limited; Mphasis Limited; Mindtree Limited; MarketAxess Holdings Inc.; PagerDuty Inc.; HCL Technologies Limited; Mirakl; 3i Infotech Limited; Inspirisys Solutions Limited; Atom Technologies Limited; Alphabet Inc.; Amazon.com Inc.

Asia-Pacific was the largest region in the information technology (IT) market in 2023. North America was the second largest region of the information technology market. The regions covered in the information technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the information technology market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.

The primary IT categories include IT services, computer hardware, telecom, and software products. Computer hardware comprises the physical components needed for a computer system to operate, encompassing elements within PCs or laptops. These services cater to enterprises across various sectors such as financial services, retail, manufacturing, healthcare, and more.

The information technology (IT) market research report is one of a series of new reports that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies such as television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Table of Contents

1. Executive Summary2. Information Technology Market Characteristics
3. Information Technology Product/Service Analysis -Product/Service Examples
3.1. Information Technology Supply Chain Analysis
3.1.1. Information Technology Resources
3.1.2. Information Technology Manufacturers
3.1.3. Information Technology Distributors and Retailers
3.1.4. Information Technology End Users
3.2. Information Technology Customer Information
4. Information Technology Market Trends and Strategies
5. Information Technology Market - Macro Economic Scenario
5.1. Impact of High Inflation on the Market
5.2. Ukraine-Russia War Impact on the Market
5.3. COVID-19 Impact on the Market
6. Global Information Technology Market Size and Growth
6.1. Global Information Technology Market Drivers and Restraints
6.1.1. Drivers of the Market
6.1.2. Restraints of the Market
6.2. Global Information Technology Historic Market Size and Growth, 2018-2023, Value ($ Billion)
6.3. Global Information Technology Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
7. Information Technology Market Segmentation
7.1. Global Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • IT Services
  • Computer Hardware
  • Telecom
  • Software Products
7.2. Global Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Large Enterprise
  • Small and Medium Enterprise
7.3. Global Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Financial Services
  • Retail & Wholesale
  • Manufacturing
  • Healthcare
  • Other End Users
8. Information Technology Market Regional and Country Analysis
8.1. Global Information Technology Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.2. Global Information Technology Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. Asia-Pacific Information Technology Market
9.1. Asia-Pacific Information Technology Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
9.2. Asia-Pacific Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.3. Asia-Pacific Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.4. Asia-Pacific Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10. China Information Technology Market
10.1. China Information Technology Market Overview
10.2. China Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.3. China Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.4. China Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
11. India Information Technology Market
11.1. India Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. India Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. India Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Japan Information Technology Market
12.1. Japan Information Technology Market Overview
12.2. Japan Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Japan Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.4. Japan Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Australia Information Technology Market
13.1. Australia Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Australia Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Australia Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. Indonesia Information Technology Market
14.1. Indonesia Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. Indonesia Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. Indonesia Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. South Korea Information Technology Market
15.1. South Korea Information Technology Market Overview
15.2. South Korea Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. South Korea Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. South Korea Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. Bangladesh Information Technology Market
16.1. Bangladesh, Information Technology Historic Market, 2018-2023, $ Billion
16.2. Bangladesh, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
17. Thailand Information Technology Market
17.1. Thailand, Information Technology Historic Market, 2018-2023, $ Billion
17.2. Thailand, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
18. Vietnam Information Technology Market
18.1. Vietnam, Information Technology Historic Market, 2018-2023, $ Billion
18.2. Vietnam, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
19. Malaysia Information Technology Market
19.1. Malaysia, Information Technology Historic Market, 2018-2023, $ Billion
19.2. Malaysia, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
20. Singapore Information Technology Market
20.1. Singapore, Information Technology Historic Market, 2018-2023, $ Billion
20.2. Singapore, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
21. Philippines Information Technology Market
21.1. Philippines, Information Technology Historic Market, 2018-2023, $ Billion
21.2. Philippines, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
22. Hong Kong Information Technology Market
22.1. Hong Kong, Information Technology Historic Market, 2018-2023, $ Billion
22.2. Hong Kong, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
23. New Zealand Information Technology Market
23.1. New Zealand, Information Technology Historic Market, 2018-2023, $ Billion
23.2. New Zealand, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
24. Western Europe Information Technology Market
24.1. Western Europe Information Technology Market Overview
24.2. Western Europe Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. Western Europe Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. Western Europe Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. UK Information Technology Market
25.1. UK Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.2. UK Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. UK Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. Germany Information Technology Market
26.1. Germany Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.2. Germany Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. Germany Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. France Information Technology Market
27.1. France Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. France Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. France Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Italy Information Technology Market
28.1. Italy Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.2. Italy Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Italy Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Spain Information Technology Market
29.1. Spain Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.2. Spain Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Spain Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Austria Information Technology Market
30.1. Austria, Information Technology Historic Market, 2018-2023, $ Billion
30.2. Austria, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
31. Belgium Information Technology Market
31.1. Belgium, Information Technology Historic Market, 2018-2023, $ Billion
31.2. Belgium, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
32. Denmark Information Technology Market
32.1. Denmark, Information Technology Historic Market, 2018-2023, $ Billion
32.2. Denmark, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
33. Finland Information Technology Market
33.1. Finland, Information Technology Historic Market, 2018-2023, $ Billion
33.2. Finland, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
34. Ireland Information Technology Market
34.1. Ireland, Information Technology Historic Market, 2018-2023, $ Billion
34.2. Ireland, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
35. Netherlands Information Technology Market
35.1. Netherlands, Information Technology Historic Market, 2018-2023, $ Billion
35.2. Netherlands, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
36. Norway Information Technology Market
36.1. Norway, Information Technology Historic Market, 2018-2023, $ Billion
36.2. Norway, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
37. Portugal Information Technology Market
37.1. Portugal, Information Technology Historic Market, 2018-2023, $ Billion
37.2. Portugal, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
38. Sweden Information Technology Market
38.1. Sweden, Information Technology Historic Market, 2018-2023, $ Billion
38.2. Sweden, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
39. Switzerland Information Technology Market
39.1. Switzerland, Information Technology Historic Market, 2018-2023, $ Billion
39.2. Switzerland, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
40. Eastern Europe Information Technology Market
40.1. Eastern Europe Information Technology Market Overview
40.2. Eastern Europe Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.3. Eastern Europe Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.4. Eastern Europe Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41. Russia Information Technology Market
41.1. Russia Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.2. Russia Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.3. Russia Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
42. Czech Republic Information Technology Market
42.1. Czech Republic, Information Technology Historic Market, 2018-2023, $ Billion
42.2. Czech Republic, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
43. Poland Information Technology Market
43.1. Poland, Information Technology Historic Market, 2018-2023, $ Billion
43.2. Poland, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
44. Romania Information Technology Market
44.1. Romania, Information Technology Historic Market, 2018-2023, $ Billion
44.2. Romania, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
45. Ukraine Information Technology Market
45.1. Ukraine, Information Technology Historic Market, 2018-2023, $ Billion
45.2. Ukraine, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
46. North America Information Technology Market
46.1. North America Information Technology Market Overview
46.2. North America Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.3. North America Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.4. North America Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47. USA Information Technology Market
47.1. USA Information Technology Market Overview
47.2. USA Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.3. USA Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.4. USA Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48. Canada Information Technology Market
48.1. Canada Information Technology Market Overview
48.2. Canada Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.3. Canada Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.4. Canada Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
49. Mexico Information Technology Market
49.1. Mexico, Information Technology Historic Market, 2018-2023, $ Billion
49.2. Mexico, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
50. South America Information Technology Market
50.1. South America Information Technology Market Overview
50.2. South America Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.3. South America Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.4. South America Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51. Brazil Information Technology Market
51.1. Brazil Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.2. Brazil Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.3. Brazil Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
52. Chile Information Technology Market
52.1. Chile, Information Technology Historic Market, 2018-2023, $ Billion
52.2. Chile, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
53. Argentina Information Technology Market
53.1. Argentina, Information Technology Historic Market, 2018-2023, $ Billion
53.2. Argentina, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
54. Colombia Information Technology Market
54.1. Colombia, Information Technology Historic Market, 2018-2023, $ Billion
54.2. Colombia, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
55. Peru Information Technology Market
55.1. Peru, Information Technology Historic Market, 2018-2023, $ Billion
55.2. Peru, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
56. Middle East Information Technology Market
56.1. Middle East Information Technology Market Overview
56.2. Middle East Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.3. Middle East Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.4. Middle East Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
57. Saudi Arabia Information Technology Market
57.1. Saudi Arabia, Information Technology Historic Market, 2018-2023, $ Billion
57.2. Saudi Arabia, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
58. Israel Information Technology Market
58.1. Israel, Information Technology Historic Market, 2018-2023, $ Billion
58.2. Israel, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
59. Iran Information Technology Market
59.1. Iran, Information Technology Historic Market, 2018-2023, $ Billion
59.2. Iran, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
60. Turkey Information Technology Market
60.1. Turkey, Information Technology Historic Market, 2018-2023, $ Billion
60.2. Turkey, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
61. United Arab Emirates Information Technology Market
61.1. United Arab Emirates, Information Technology Historic Market, 2018-2023, $ Billion
61.2. United Arab Emirates, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
62. Africa Information Technology Market
62.1. Africa Information Technology Market Overview
62.2. Africa Information Technology Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.3. Africa Information Technology Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.4. Africa Information Technology Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
63. Egypt Information Technology Market
63.1. Egypt, Information Technology Historic Market, 2018-2023, $ Billion
63.2. Egypt, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
64. Nigeria Information Technology Market
64.1. Nigeria, Information Technology Historic Market, 2018-2023, $ Billion
64.2. Nigeria, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
65. South Africa Information Technology Market
65.1. South Africa, Information Technology Historic Market, 2018-2023, $ Billion
65.2. South Africa, Information Technology Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
66. Information Technology Market Competitive Landscape and Company Profiles
66.1. Information Technology Market Competitive Landscape
66.2. Information Technology Market Company Profiles
66.2.1. Apple Inc.
66.2.1.1. Overview
66.2.1.2. Products and Services
66.2.1.3. Strategy
66.2.1.4. Financial Performance
66.2.2. Microsoft Corporation
66.2.2.1. Overview
66.2.2.2. Products and Services
66.2.2.3. Strategy
66.2.2.4. Financial Performance
66.2.3. Verizon Communications Inc.
66.2.3.1. Overview
66.2.3.2. Products and Services
66.2.3.3. Strategy
66.2.3.4. Financial Performance
66.2.4. China Mobile Limited
66.2.4.1. Overview
66.2.4.2. Products and Services
66.2.4.3. Strategy
66.2.4.4. Financial Performance
66.2.5. AT&T Inc.
66.2.5.1. Overview
66.2.5.2. Products and Services
66.2.5.3. Strategy
66.2.5.4. Financial Performance
67. Information Technology Market Other Major and Innovative Companies
67.1. Huawei Technologies Co. Ltd.
67.2. Deutsche Telekom AG
67.3. Dell Technologies Inc.
67.4. Samsung Electronics Co. Ltd.
67.5. Comcast Corporation
67.6. International Business Machines Corp.
67.7. Oracle Corporation
67.8. Tata Consultancy Services Ltd.
67.9. Salesforce Inc.
67.10. Infosys Limited
67.11. Wipro Limited
67.12. Tech Mahindra Limited
67.13. Echo Global Logistics Inc.
67.14. Larsen & Toubro Infotech Limited
67.15. Mphasis Limited
68. Global Information Technology Market Competitive Benchmarking69. Global Information Technology Market Competitive Dashboard70. Key Mergers and Acquisitions in the Information Technology Market
71. Information Technology Market Future Outlook and Potential Analysis
71.1 Information Technology Market in 2028 - Countries Offering Most New Opportunities
71.2 Information Technology Market in 2028 - Segments Offering Most New Opportunities
71.3 Information Technology Market in 2028 - Growth Strategies
71.3.1 Market Trend-based Strategies
71.3.2 Competitor Strategies
72. Appendix
72.1. Abbreviations
72.2. Currencies
72.3. Historic and Forecast Inflation Rates
72.4. Research Inquiries
72.5. About the Analyst
72.6. Copyright and Disclaimer

Executive Summary

Information Technology Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on information technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for information technology? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: IT Services; Computer Hardware; Telecom; Software Products
2) By Organization Size: Large Enterprise; Small and Medium Enterprise
3) By End-user: Financial Services; Retail & Wholesale; Manufacturing; Healthcare; Other End-users

Subsegments Covered: Hardware Support Services; Software and BPO Services; Cloud Services; Computer Peripheral Equipment; Computer Storage Devices and Servers; Computers; Wireless Telecommunication Carriers; Wired Telecommunication Carriers; Communications Hardware; Satellite & Telecommunication Resellers; Operating Systems & Productivity Software Publishing; Database, Storage & Backup Software Publishing; Business Analytics & Enterprise Software; Video Game Software; Design, Editing & Rendering Software

Key Companies Mentioned: Apple Inc.; Microsoft Corporation; Verizon Communications Inc.; China Mobile Limited; AT&T Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Apple Inc.
  • Microsoft Corporation
  • Verizon Communications Inc.
  • China Mobile Limited
  • AT&T Inc.
  • Huawei Technologies Co. Ltd.
  • Deutsche Telekom AG
  • Dell Technologies Inc.
  • Samsung Electronics Co. Ltd.
  • Comcast Corporation
  • International Business Machines Corp.
  • Oracle Corporation
  • Tata Consultancy Services Ltd.
  • Salesforce Inc.
  • Infosys Limited
  • Wipro Limited
  • Tech Mahindra Limited
  • Echo Global Logistics Inc.
  • Larsen & Toubro Infotech Limited
  • Mphasis Limited
  • Mindtree Limited
  • MarketAxess Holdings Inc.
  • PagerDuty Inc.
  • HCL Technologies Limited
  • Mirakl
  • 3i Infotech Limited
  • Inspirisys Solutions Limited
  • Atom Technologies Limited
  • Alphabet Inc.
  • Amazon.com Inc.

Methodology

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Table Information