Learn about the global Information Technology market through The Business Research Company, which provides information on information technology market size, information technology market drivers and restraints, information technology market players, the COVID-19 impact on the information technology market, and more.

The global information technology (IT) market size is expected to grow from $8,384.32 billion in 2021 to $9,325.69 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The IT market size is expected to reach $13,818.98 billion in 2026 at a CAGR of 10.3%.

The demand for cloud computing services is expected to drive the demand for IT services during the forecast period.

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The information technology (IT) market consists of sales of information technology services and related goods by entities (organizations, sole traders and partnerships) that apply computers, computer peripherals and telecommunications equipment to store, retrieve, transmit and maneuver data. The IT market involves services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The IT market also includes sales of goods such as computers, computer peripherals and telecommunications equipment which are used in providing IT services.

Global Information Technology Market Segments Include:

By Type: IT Services, Computer Hardware, Telecom, Software Products

By Organization Size: Large Enterprise, Small and Medium Enterprise

End-User Industry: Financial Services, Retail and Wholesale, Manufacturing, Healthcare, Others

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 and Telecommunication Resellers, Operating Systems and Productivity Software Publishing, Database, Storage and Backup Software Publishing, Business Analytics and Enterprise Software, Video Game Software, Design, Editing and Rendering Software

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the information technology (IT) market in 2021.

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 its presence and share in the market.

TBRC’s information technology market report covers:

Major Market Players: Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc, Samsung Electronics Co., Ltd. and Comcast Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Information Technology Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides information technology market overviews, analyzes and forecasts market size, share, information technology market players, information technology market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s information technology market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

IT Services Global Market Report 2022

Computer Hardware Global Market Report 2022

Software Products Global Market Report 2022

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