Global IT Spending Market Growth (Status and Outlook) 2023-2029

Global IT Spending Market Growth (Status and Outlook) 2023-2029

Information technology (IT) is the use of computers to store, retrieve, transmit, and manipulate data, or information, often in the context of a business or other enterprise. IT is considered to be a subset of information and communications technology (ICT).

LPI (LP Information)' newest research report, the “IT Spending Industry Forecast” looks at past sales and reviews total world IT Spending sales in 2022, providing a comprehensive analysis by region and market sector of projected IT Spending sales for 2023 through 2029. With IT Spending sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IT Spending industry.

This Insight Report provides a comprehensive analysis of the global IT Spending landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on IT Spending portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IT Spending market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IT Spending and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IT Spending.

The global IT Spending market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029."IT" is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. Several products or Services within an economy are associated with information technology, including computer hardware, software, electronics, semiconductors, internet, telecom equipment, and e-commerce.

This report presents a comprehensive overview, market shares, and growth opportunities of IT Spending market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
IT Services
Hardware
Software

Segmentation by application
BESI
Telecom
Retail
Healthcare
Energy Utilities
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BMC Software
HPE
IBM
Red Hat
VMware
Accenture
Adaptive Computing
Broadcom
Cisco Systems
Citrix Systems
CloudBolt Software
Convirture
CSC
Dell EMC
Egenera
Embotics
GigaSpaces Technologies
Micro Focus
Oracle
RightScale
Scalr
ServiceNow
Splunk
Zimory

Please note: The report will take approximately 2 business days to prepare and deliver.