DUBLIN--(BUSINESS WIRE)--The "Information Technology Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The global information technology market is expected to grow from $7850.57 billion in 2020 to $8370.95 billion in 2021 at a compound annual growth rate (CAGR) of 6.6%. The market is expected to reach $11866.34 billion in 2025 at a CAGR of 9%.
Major companies in the information technology (IT) market include AT&T; Apple; Verizon Communications Inc.; China Mobile Ltd and Microsoft.
The information technology (IT) market consists of sales of information technology (IT) 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. The IT market is segmented into IT services; computer hardware; telecom and software products.
North America was the largest region in the global information technology market, accounting for 34% of the market in 2020. Asia Pacific was the second largest region accounting for 32% of the global information technology market. Africa was the smallest region in the global information technology market.
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. According to Allison Randal, President, Open Source Initiative, 78% of companies use open source solutions and 64% participate in open source projects indicating an increase in open source software platforms to build applications in 2015.
The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. Companies are also opting for cloud-based data storage; thus boosting the demand for IT services.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Information Technology Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Information Technology Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Information Technology Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Information Technology Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Information Technology Market Trends And Strategies
8. Impact Of COVID-19 On Information Technology
9. Information Technology Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Information Technology Market Regional Analysis
10.1. Global Information Technology Market, 2020, By Region, Value ($ Billion)
10.2. Global Information Technology Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Information Technology Market, Growth And Market Share Comparison, By Region
11. Information Technology Market Segmentation
11.1. Global Information Technology Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Global Information Technology Market, Segmentation By End-User Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Information Technology Market Segments
12.1. Global IT Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Hardware Support Services; Software And BPO Services; Cloud Services
12.2. Global Computer Hardware Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Computer Peripheral Equipment; Computer Storage Devices And Servers; Computers
12.3. Global Telecom Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Wireless Telecommunication Carriers; Wired Telecommunication Carriers; Communications Hardware; Satellite & Telecommunication Resellers
12.4. Global Software Products Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Operating Systems & Productivity Software Publishing; Database, Storage & Backup Software Publishing; Business Analytics & Enterprise Software; Video Game Software; Design, Editing & Rendering Software
13. Information Technology Market Metrics
13.1. Information Technology Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Information Technology Market Expenditure, 2015-2025, Global
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