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Report Overview
The global IT spending market size reached around USD 3.88 Trillion in 2024. The market is projected to grow at a CAGR of 3.50% between 2025 and 2034 to reach nearly USD 5.47 Trillion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Investments in cloud infrastructure across various sectors support the IT industry growth.
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Cybersecurity concerns are contributing to increased expenditure on safety and security of IT infrastructure across organisations.
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Digitalisation in developing countries is accelerating investments in advanced IT solutions, driving market expansion.
IT Spending Market Share
Data centre systems account for a significant share of the global market
There is a growing need for data centres, supported by changing work habits and the growth of cloud-based technologies, which can boost the IT spending market revenue. The growing connectivity to the internet and digital transformation across various sectors are increasing the need for fast communication lines and data transmission technologies. The importance of stable communication and passing of the maximum amount of data per unit of time is encouraging organisations to constantly improve their data centre offerings.
IT Spending Market Report Snapshots
IT Spending Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a value of nearly USD 3.88 Trillion.
The market is assessed to grow at a CAGR of 3.50% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 5.47 Trillion by 2034.
The major market drivers include the increasing trend of digitisation, the rising adoption of cloud solutions, and the use of innovative technologies to improve the performance of data-heavy environments.
The emerging trends include the growing awareness regarding the benefits of AI audit management, the rising economic development, and the increasing investments to boost the security of IT.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of IT spending in the market are data centre systems, enterprise software, enterprise IT services, devices, and communication services.
IT spending is the total money spent on IT systems and services by an organisation. IT spending is not only limited to IT organisations but is a significant aspect across diverse businesses, enabling the construction and maintenance of large-scale digital infrastructure and services.
Cloud Application Infrastructure Services (PaaS), Cloud Application Services (SaaS), and Cloud Business Process Services (BPaaS) contribute significantly to the market.
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