Press release
Top Trends Transforming the Information Technology Market Landscape in 2025: Open Source's Growing Influence In Technology Development
Information Technology Market
What Will the Information Technology Industry Market Size Be by 2025?
Recent years have seen robust growth in the size of the information technology market. It is projected to surge from $8920.05 billion in 2024 to attain a value of $9610.93 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.7%. This growth during the historical period is a result of a rise in personal computing, increased internet adoption, mobile revolution, progression in software development, the open source movement, and concerns about cybersecurity.
What's the Long-Term Growth Forecast for the Information Technology Market Size Through 2029?
The size of the information technology market is set to experience substantial expansion in the coming years. It's projected to reach a value of $13176.84 billion by 2029, enjoying a compound annual growth rate (CAGR) of 8.2%. This growth in the forecasted period is due to the internationalization of IT services, advancements in digital transformation, innovations in cybersecurity, the evolution of smart cities, and growth of e-commerce. The future trends contain embracing hybrid work environments, the rise of cloud computing, the emergence of climate tech solutions, the integration of AI in business processes, sustainability in IT practices, and blockchain technologies.
View the full report here:
https://www.thebusinessresearchcompany.com/report/information-technology-global-market-report
What Are the Key Growth Drivers Fueling the Information Technology Market Expansion?
The forecasted demand for information technology is likely to be fueled by the burgeoning interest in cloud computing services. This model involves a cloud computing provider storing data on the internet and overseeing data storage as a service. An increasing number of firms are opting for cloud-hosted applications for their daily functioning. Google LLC, an American tech company, substantiates this with its January 2023 report which stated that 76% of individuals used the public cloud in 2022, a significant 56% surge from 2021 figures. Meanwhile, the European Union, an international institution based in the Netherlands, in its December 2023 report noted that the percentage of EU firms procuring cloud computing services saw a 4.2 percentage point uptick in 2023 as compared to 2021. Hence, the surging demand for cloud computing services is projected to propel the information technology market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=1857&type=smp
What Are the Key Trends Driving Information Technology Market Growth?
In the last half-decade, low-cost open-source options have been steadily rising in popularity. Open source is now the go-to platform for technology development. Previously, unprofitable software was the usual candidate for open-sourcing by software publishers, but now firms are leveraging open source software to expand their market footprint and visibility. Supabase, a start-up incubated by YC that provides an open-source alternative for developers, recently declared that it secured $6 million in funding to develop new open-source instruments.
How Is the Information Technology Market Segmented?
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:
1) By IT Services: Managed IT Services, Cloud Services, IT Consulting Services, Technical Support And Maintenance
2) By Computer Hardware: Personal Computers (Desktops And Laptops), Servers, Networking Equipment (Routers, Switches), Storage Devices (HDDs, SSDs)
3) By Telecom: Mobile Services, Fixed-Line Services, Broadband Internet Services, Value-Added Services (VAS)
4) By Software Products: Enterprise Software (ERP, CRM), Operating Systems, Application Software (Productivity, Design), Security Software
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=1857&type=smp
Which Companies Are Leading the Charge in Information Technology Market Innovation?
Major companies operating in the information technology market include 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, Larsen & Toubro Infotech Limited, Mphasis Limited, Mindtree Limited, PagerDuty Inc., HCL Technologies Limited, Mirakl, 3i Infotech Limited, Inspirisys Solutions Limited, Atom Technologies Limited, Alphabet Inc., Amazon.com Inc
Which Regions Are Leading the Global Information Technology Market in Revenue?
Asia-Pacific was the largest region in the information technology (IT) market in 2024. 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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=1857
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Top Trends Transforming the Information Technology Market Landscape in 2025: Open Source's Growing Influence In Technology Development here
News-ID: 4111045 • Views: …
More Releases from The Business Research Company
Competitive Landscape: Leading Companies and New Entrants in the Bionematicides …
The bionematicides market is set for impressive growth over the coming years, driven by increasing environmental awareness and advancements in agricultural technologies. This expanding sector is gaining recognition for its sustainable approach to crop protection, supporting healthy soil ecosystems and offering effective pest management without harmful residues. Let's explore the current market size, key players, emerging trends, and the different segments shaping this promising industry.
Bionematicides Market Size and Projected Growth…
Future Perspective: Key Trends Shaping the Biochar Fertilizer Market up to 2030
The biochar fertilizer market is attracting increasing attention as sustainable agricultural practices gain momentum worldwide. With a focus on enhancing soil health and reducing environmental impact, this sector is positioned for significant expansion over the coming years. Let's explore the latest projections, key players, prevailing trends, and market segmentation in detail.
Projected Growth Trajectory of the Biochar Fertilizer Market Through 2030
The biochar fertilizer market is expected to experience solid expansion…
Worldwide Trends Overview: The Rapid Evolution of the Autonomous Farm-To-Store D …
The autonomous farm-to-store delivery display market is on the verge of remarkable expansion, driven by rapid advancements in delivery technologies and the increasing demand for fresh produce transparency. This sector is evolving swiftly as innovations enhance the efficiency and sustainability of supply chains, offering promising opportunities for stakeholders. Below, we explore the market size, key players, influential trends, and segmentation that shape this dynamic industry.
Autonomous Farm-To-Store Delivery Display Market Growth…
Aquaponics Market Overview, Key Trends, and Major Player Analysis
The aquaponics industry is on the verge of significant growth as it gains attention for its sustainability and innovative farming practices. This sector merges aquaculture and hydroponics to cultivate fish and plants in a symbiotic environment, meeting rising consumer demand for organic and locally sourced produce. Let's explore the market's size, key contributors, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of the Aquaponics Industry…
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…
