Report Overview

The United States IT spending market attained a value of nearly USD 1.30 trillion in 2023. The market is further expected to grow at a CAGR of 3.8% during the forecast period of 2024-2032 to reach a value of USD 1.8 trillion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

United States IT Spending Market Size

The United States IT Spending market size attained a value of USD 1.30 trillion in 2023. the market is further expected to grow at a CAGR of 3.8% in the  forecast period of 2024-2032.

 

News and Developments in the Market

In July 2023, a leading retail store company, Macy’s, announced spending cuts to be applied this year. They have informed their tech partners of 10-15% cut in their IT budget.

 

In August 2021, Microsoft India announced their collaboration with Invest India. Invest India is a program to help tech start-ups in India by the Government of India’s national investment promotion and facilitation agency.

 

With this collaboration in action, the business resources and technology of Microsoft will be utilised to help the start-ups. This will increase the spending on IT services and indirectly propel the United States IT spending market.

 

United States IT Spending Market Report Snapshots

United States IT Spending Market Size

United States IT Spending Market Analysis

United States IT Spending Market Trends

 

*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 2023, the United States IT Spending market attained a value of USD 1.30 trillion.

Rapid technological development, expanding companies, and changing business model are the major industry drivers.

Collaborating with companies of emerging nations and upgrading current technology to adapt with the changing market are the currently followed trends in the market.

Data centre systems, enterprise software, enterprise IT services, devices, and communications services are the types in the market.

The company sizes in the market include less than 300 employees, 300-2000 employees, and more than 2000 employees.

Key players in the market are Accenture Plc, IBM Corporation, Cognizant Technology Solutions Corporation, Google LLC (Alphabet Inc.), and Intel Corporation.

The market is expected to grow at a CAGR of 3.8% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.8 trillion by 2032.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

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