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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 Trends
IT services are the applications and data services utilised by companies to enable management and optimisation of data and communication throughout the company. IT services support the flow of work in companies with setup, management, and troubleshooting of different services like network, software, cloud computing, and many more.
- The growing adoption of cloud computing due to the increased breakthroughs in cloud solutions and data management will contribute to the market growth. Cloud services provide multiple benefits, allowing the companies to propel their profits. This is a major driver for the United States IT spending market. There are some downsides to it as the data and privacy may be exposed if third party management is involved. This can be solved by deploying proper IT services to analyse process execution and storage of data in applications and network connections.
- The deployment of database management systems (DBMS) is rising as the amount of data available for analysis keeps increasing at an astounding rate. The rising demand for data services will help the growth of United States IT spending market.
- The adoption of digital services is increasing every day. With the implementation of favourable payment plans for companies to pay as per their need in cloud services the IT spending is expected to grow significantly.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124