IT Statistics

Global IT Spending Forecast to Reach $5.1 Trillion in 2024, Showcasing 8% Growth: Gartner Report

Worldwide IT spending is anticipated to reach a total of $5.1 trillion or $5,069.773 billion in 2024, marking an 8 percent increase from the...

Global ICT Spending Expected to Grow Steadily, Driven by Software and Information Services

In a recent update to the International Data Corporation (IDC) Worldwide ICT Spending Guide: Enterprise and SMB by Industry, it was revealed that worldwide...

India Leads Global IPO Race Thanks to Technology and Communication Firms During First Eight Months of 2023, Reveals GlobalData

Amid a remarkable decline in global initial public offerings (IPO) activity in the first eight months of 2023, India has surged ahead. Despite economic uncertainties...

Asia Pacific Edge Spending Set to Soar to $43.7 bn in 2023, Says IDC Report

Enterprises in Asia Pacific are projected to invest a staggering $43.7 billion in edge technologies in 2023, marking a substantial 17 percent increase compared...

Omdia Research Forecasts Steady Growth in Infrastructure Software Market

In a recent study by Omdia, a leading technology research firm, the infrastructure software market is expected to experience substantial growth, propelled by advancements...

Balancing leverage and growth aspirations in SE Asian data centers

The data center industry in South and Southeast Asia, excluding Singapore, is poised for remarkable growth, driven by digitalization and investments by telecommunications companies...

IT spending in India to reach $112 bn in 2023: Gartner

The latest report by Gartner revealed that India’s IT spending is set to surge to $112.2 billion in 2023, indicating a modest increase. Indian Chief...

IT spending to grow 9% in 2024, driven by software growth

The latest forecast by Gartner reveals that worldwide IT spending is set to reach an impressive $4.7 trillion in 2023, showcasing a robust increase...