Information Technology Market – Global Industry Analysis and Forecast (2023-2029)

Information Technology Market was valued at US$ 519.61 Bn in 2022 and is expected to reach US$ 1358.79 Bn by 2029, at a CAGR of 14.72% during the forecast period. The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Information Technology Market To know about the Research Methodology:-Request Free Sample Report

Global Information Technology Market Dynamics

Information technology (IT) industries are dealing with the application of computers, computer peripherals, and telecommunications equipment to store, retrieve, transmit and move data. It contains broadcasting, computer networking, systems design services, and information distribution technologies like television and telephones. Internet of Things (IoT) was the latest development observed in information technology services as of 2019. IoT is the network of physical objects like vehicles, devices, buildings, and other items that are surrounded by electronics, sensors, software, and network connectivity that allows these objects to collect and exchange data and have various applications. For example, Microsoft and Rolls-Royce have announced a partnership centring on future Rolls-Royce intelligent engines, which will be integrating Microsoft Suite into its service solutions to develop its digital skills. The information technology service market is comparatively concentrated, with a number of big, global players. Around 30% of the total market share in 2019 is made top five competitors in the market. IBM is the largest competitor, followed by Accenture, HPE, Microsoft, and SAP. Previously, software publishers would open-source software that was not making money, but to increase its presence and share in the market, now companies are open sourcing software. Open-Source Initiative, 78% of companies are using open-source solutions and 64% are contributing to open-source projects indicating a rise in open-source software platforms to build applications. Global Information Technology Market Report provides policymakers, marketers, and senior management with the acute information they need to consider the global information technology market. Enterprise IT security is a continuous challenge for IT leaders, Companies are working in a relentless and dynamic technology environment which puts all their digital properties at risk. Globally, cybercrime networks are worth $100 billion, which is twice as much as companies spend on protecting their information resources. Keeping that things in mind, what are the most important challenges for IT leaders to mitigate this threat?

Global Information Technology Market regional Insights

The Asia Pacific was the largest region in the information technology market in 2019, accounting for around 40% market share. North America was the second-largest region which was holding around 25% market share, and Africa was the smallest region accounting for around 2% market share.

Global Information Technology Market, Key Highlights:

Global Information Technology Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Information Technology Market Global Information Technology Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Global Information Technology Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Information Technology Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Information Technology Market are also profiled.

Global Information Technology Market Scope: Inquire before buying

Global Information Technology Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 519.61 Bn.
Forecast Period 2023 to 2029 CAGR: 14.72% Market Size in 2029: US $ 1358.79 Bn.
Segments Covered: by Type Telecom IT Services Software Publishers Computer Hardware
by Application BFSI Telecommunications Retail And E-Commerce Government And Defense Others

Information Technology Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)

Information Technology Market, Key Players are

1. Fujitsu 2. HP 3. Accenture 4. IBM 5. TCS 6. NTT Data 7. Oracle 8. CapGemini 9. CSC 10. SAP 11. AT&T 12. Apple 13. Verizon Communication 14. China Mobile 15. Microsoft 16. Amazon 17. Hewlett-Packard 18. Google 19. Comcast 20. Intel Frequently Asked Questions: 1. What is the growth rate of Global Market? Ans: The Global  Market is growing at a CAGR of 14.72% during forecasting period 2023-2029. 2. What is scope of the Global  market report? Ans: Global IMarket report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 3. Who are the key players in Global  market? Ans: The important key players in the Global Market are – Fujitsu, HP, Accenture, IBM, TCS, NTT Data, Oracle, CapGemini, CSC, SAP, AT&T, Apple, Verizon Communication, China Mobile, Microsoft, Amazon, Hewlett-Packard, Google, Comcast, and Intel 4. What is the study period of this market? Ans: The Global Market is studied from 2022 to 2029.
1. Information Technology Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Information Technology Market: Dynamics 2.1. Information Technology Market Trends by Region 2.1.1. North America Information Technology Market Trends 2.1.2. Europe Information Technology Market Trends 2.1.3. Asia Pacific Information Technology Market Trends 2.1.4. Middle East and Africa Information Technology Market Trends 2.1.5. South America Information Technology Market Trends 2.2. Information Technology Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Information Technology Market Drivers 2.2.1.2. North America Information Technology Market Restraints 2.2.1.3. North America Information Technology Market Opportunities 2.2.1.4. North America Information Technology Market Challenges 2.2.2. Europe 2.2.2.1. Europe Information Technology Market Drivers 2.2.2.2. Europe Information Technology Market Restraints 2.2.2.3. Europe Information Technology Market Opportunities 2.2.2.4. Europe Information Technology Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Information Technology Market Drivers 2.2.3.2. Asia Pacific Information Technology Market Restraints 2.2.3.3. Asia Pacific Information Technology Market Opportunities 2.2.3.4. Asia Pacific Information Technology Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Information Technology Market Drivers 2.2.4.2. Middle East and Africa Information Technology Market Restraints 2.2.4.3. Middle East and Africa Information Technology Market Opportunities 2.2.4.4. Middle East and Africa Information Technology Market Challenges 2.2.5. South America 2.2.5.1. South America Information Technology Market Drivers 2.2.5.2. South America Information Technology Market Restraints 2.2.5.3. South America Information Technology Market Opportunities 2.2.5.4. South America Information Technology Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Information Technology Industry 2.8. Analysis of Government Schemes and Initiatives For Information Technology Industry 2.9. Information Technology Market Trade Analysis 2.10. The Global Pandemic Impact on Information Technology Market 3. Information Technology Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Information Technology Market Size and Forecast, by Type (2022-2029) 3.1.1. Telecom 3.1.2. IT Services 3.1.3. Software Publishers 3.1.4. Computer Hardware 3.2. Information Technology Market Size and Forecast, by Application (2022-2029) 3.2.1. BFSI 3.2.2. Telecommunications 3.2.3. Retail And E-Commerce 3.2.4. Government And Defense 3.2.5. Others 3.3. Information Technology Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Information Technology Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Information Technology Market Size and Forecast, by Type (2022-2029) 4.1.1. Telecom 4.1.2. IT Services 4.1.3. Software Publishers 4.1.4. Computer Hardware 4.2. North America Information Technology Market Size and Forecast, by Application (2022-2029) 4.2.1. BFSI 4.2.2. Telecommunications 4.2.3. Retail And E-Commerce 4.2.4. Government And Defense 4.2.5. Others 4.3. North America Information Technology Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Information Technology Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. Telecom 4.3.1.1.2. IT Services 4.3.1.1.3. Software Publishers 4.3.1.1.4. Computer Hardware 4.3.1.2. United States Information Technology Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. BFSI 4.3.1.2.2. Telecommunications 4.3.1.2.3. Retail And E-Commerce 4.3.1.2.4. Government And Defense 4.3.1.2.5. Others 4.3.2. Canada 4.3.2.1. Canada Information Technology Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. Telecom 4.3.2.1.2. IT Services 4.3.2.1.3. Software Publishers 4.3.2.1.4. Computer Hardware 4.3.2.2. Canada Information Technology Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. BFSI 4.3.2.2.2. Telecommunications 4.3.2.2.3. Retail And E-Commerce 4.3.2.2.4. Government And Defense 4.3.2.2.5. Others 4.3.3. Mexico 4.3.3.1. Mexico Information Technology Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. Telecom 4.3.3.1.2. IT Services 4.3.3.1.3. Software Publishers 4.3.3.1.4. Computer Hardware 4.3.3.2. Mexico Information Technology Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. BFSI 4.3.3.2.2. Telecommunications 4.3.3.2.3. Retail And E-Commerce 4.3.3.2.4. Government And Defense 4.3.3.2.5. Others 5. Europe Information Technology Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Information Technology Market Size and Forecast, by Type (2022-2029) 5.2. Europe Information Technology Market Size and Forecast, by Application (2022-2029) 5.3. Europe Information Technology Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Information Technology Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Information Technology Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Information Technology Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Information Technology Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Information Technology Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Information Technology Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Information Technology Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Information Technology Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Information Technology Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Information Technology Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Information Technology Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Information Technology Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Information Technology Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Information Technology Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Information Technology Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Information Technology Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Information Technology Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Information Technology Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Information Technology Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Information Technology Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Information Technology Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Information Technology Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Information Technology Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Information Technology Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Information Technology Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Information Technology Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Information Technology Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Information Technology Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Information Technology Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Information Technology Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Information Technology Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Information Technology Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Information Technology Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Information Technology Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Information Technology Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Information Technology Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Information Technology Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Information Technology Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Information Technology Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Information Technology Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Information Technology Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Information Technology Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Information Technology Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Information Technology Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Information Technology Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Information Technology Market Size and Forecast, by Application (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Information Technology Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Information Technology Market Size and Forecast, by Application (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Information Technology Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Information Technology Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Information Technology Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Information Technology Market Size and Forecast, by Application (2022-2029) 8. South America Information Technology Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Information Technology Market Size and Forecast, by Type (2022-2029) 8.2. South America Information Technology Market Size and Forecast, by Application (2022-2029) 8.3. South America Information Technology Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Information Technology Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Information Technology Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Information Technology Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Information Technology Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Information Technology Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Information Technology Market Size and Forecast, by Application (2022-2029) 9. Global Information Technology Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Information Technology Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Fujitsu 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. HP 10.3. Accenture 10.4. IBM 10.5. TCS 10.6. NTT Data 10.7. Oracle 10.8. CapGemini 10.9. CSC 10.10. SAP 10.11. AT&T 10.12. Apple 10.13. Verizon Communication 10.14. China Mobile 10.15. Microsoft 10.16. Amazon 10.17. Hewlett-Packard 10.18. Google 10.19. Comcast 10.20. Intel 11. Key Findings 12. Industry Recommendations 13. Information Technology Market: Research Methodology 14. Terms and Glossary

About This Report

Report ID 23601
Category Information Technology & Telecommunication
Published Date Sept 2023
Updated Date
  • INQUIRE BEFORE BUYING