Press release
Information Technology Global Market Expected to Witness $12417.21 Billion with Impressive Growth at a 8.3% CAGR By 2028 | Apple Inc., Microsoft Corporation, Mphasis Limited, Mindtree Limited, Alphabet Inc.
Information Technology Global Market
The Business Research Company offers in-depth market insights through Information Technology Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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 in the historic period can be attributed to increased personal computing, internet adoption, mobile revolution, growth of software development advancements, open source movement, cybersecurity concerns.
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%. The growth in the forecast period can be attributed to globalization of it services, digital transformation, cybersecurity innovations, smart cities development, e-commerce evolution. Major trends in the forecast period include hybrid work environments, cloud computing, climate tech solutions, ai in business processes, sustainable it practices, blockchain technologies.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=1857&type=smp
Market Segmentation:
The information technology market covered in this report is segmented -
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
Major Driver - Cloud Computing's Dominance Driving The Demand For It Services
The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services.
Competitive Landscape:
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
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/information-technology-global-market-report
Top Trend - Open Source's Growing Influence In Technology Development
Over the past five years there has been an increasing prevalence of low-cost open-source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open-source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Information Technology Market Characteristics
3. Information Technology Market Trends And Strategies
4. Information Technology Market - Macro Economic Scenario
5. Information Technology Market Size And Growth
…..
27. Information Technology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Information Technology Global Market Expected to Witness $12417.21 Billion with Impressive Growth at a 8.3% CAGR By 2028 | Apple Inc., Microsoft Corporation, Mphasis Limited, Mindtree Limited, Alphabet Inc. here
News-ID: 3416259 • Views: …
More Releases from The Business research company
Rising Demand For Loans Fuels Growth In The Asset-Based Lending Market: Powering …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Asset-Based Lending Market Through 2025?
In recent times, there's been a significant expansion in the size of the asset-based lending market. This increase will continue from $785.6 billion in 2024 to $891.89 billion in 2025, with a compound annual growth rate (CAGR)…
Future of the Usage-Based Insurance Market: Trends, Innovations, and Key Forecas …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Usage-Based Insurance Market Size Growth Forecast: What to Expect by 2025?
The market for usage-based insurance has seen a meteoric rise in size in the past few years. It is projected to expand from a valuation of $63.07 billion in 2024 to an impressive $82.7 billion in 2025, representing…
Global Reinsurance Market Projected to Grow at 10.2% CAGR, Reaching $1016.51 Bil …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Reinsurance Industry Market Size Be by 2025?
The dimension of the reinsurance market has been escalating significantly in the past few years. It is estimated to balloon from $631.56 billion in 2024 to a whopping $689.74 billion in 2025, projecting a compound annual growth rate (CAGR)…
Comprehensive Online Trading Platform Market Forecast 2025-2034: Growth Trends a …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Online Trading Platform Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been consistent growth in the size of the online trading platform market over the past few years. It is expected to escalate from $11.42 billion in 2024 to $11.97 billion in 2025,…
More Releases for Tech
Kitimat's Quiet Tech Revolution: Retired Tech Founder Launches Kitimat Digital
Image: https://www.globalnewslines.com/uploads/2025/05/fe744bd61d32383b1190af80ca522635.jpg
KITIMAT, BC - In a town shaped by industry and community, one digital venture is quietly helping small businesses step into the modern age.
Kitimat Digital, incorporated in British Columbia in 2024, was founded by a retired tech professional with a background in operating digital firms in Calgary and Houston. After settling in Kitimat for a slower pace of life, he noticed a clear need: many businesses in the area…
Tech Cuboid: Revolutionizing the Tech Landscape
In an era where technology evolves at breakneck speed, staying ahead of the curve is no longer optional-it's essential. If you're navigating the dynamic world of tech in the USA, you've likely heard of Tech Cuboid, a name that's rapidly becoming synonymous with innovation, reliability, and cutting-edge solutions. But what exactly is Tech Cuboid, and why should it matter to you? Let's dive into how this groundbreaking platform is reshaping…
Evan Ceron: Pioneering Tech Solutions With Tech Remedies
Image: https://www.getnews.info/uploads/a067156d14b9c9aaa532de3166992962.jpg
Since embarking on his technical journey in 2009, Evan Ceron has steadily built a reputation as a seasoned professional in the tech industry. His journey began with a solid foundation in technical education at Bellevue College in Washington, where he acquired the skills and knowledge that would later serve as the bedrock of his entrepreneurial aspirations. This period of education not only equipped him with critical technical expertise but…
GAM Tech Acquires Cyber Tech 360: Expanding Expertise and Innovation
GAM Tech, a leading provider of managed IT solutions and professional services, is thrilled to announce its acquisition of Cyber Tech 360, a recognized leader in cybersecurity services and advanced managed IT solutions. This strategic acquisition broadens GAM Tech's service offerings, resulting in a comprehensive portfolio to better service small and medium-sized businesses across Canada.
The combined company will operate under the GAM Tech brand. Cyber Tech 360 will be…
Girls in Tech Singapore rebranding to Sponsors in Tech
SINGAPORE - 16th JULY 2024 -
With the closure of Girls in Tech, Inc., the local Girls in Tech - Singapore chapter is proud to announce its rebranding as "Sponsors of Tech - Empowering Her Journey." This new identity marks a significant milestone for the organization and our community, reflecting our ongoing commitment to supporting girls and women in tech throughout their careers.
As a non-profit organization, Sponsors of Tech - Empowering…
3-Axis Handheld Gimbal Stabilizers Market Analysis and Growth by Top Manufacture …
A report added to the rich database of Qurate Business Intelligence, titled “3-Axis Handheld Gimbal Stabilizers Market - Global Industry Analysis and Forecast to 2023”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the…
