Global IT spending forecast 2012-2024, by segment
The global information technology (IT) spending on devices, including PCs, tablets, mobile phones, printers, as well as data center systems, software, and communications services came to 4.9 trillion U.S. dollars in 2023. By 2024, IT spending is expected to increase to a staggering 5.3 trillion dollars worldwide.
IT services and communication services take the largest share of spending
Both IT services and communication services receive the largest amounts of investments, as these segments include a large array of different services and tools that remain cornerstones to different business functions. For example, different unified communication services are vital to connecting employees virtually and therefore enhance business productivity.
Spending on IT segments accelerates digital transformation
In general, spending on the different IT segments is expected to grow, accelerating digital transformation across various industries. Digital transformation encompasses the utilization of artificial intelligence, process automation, and moving data to the cloud, for example. These processes are empowered by strategic spending on and deployment of different information technologies.
