50+ IT Statistics and Insights You Should Know (2025)

Why Staying Updated on IT Statistics is Crucial for Your Business Success?

With technology advancing at a high pace, you also need to remain informed on the latest IT statistics for your business growth. Staying updated provides numerous benefits, such as, 

• Making Informed Decisions: IT statistics provide insights that guide technology investments, helping you choose the right solutions for your business needs. 
• Gaining a Competitive Advantage: By understanding the latest information technology statistics, you can leverage emerging technologies to outperform your competitors. 
• Adapting to Market Changes: IT trends reveal shifts in consumer behavior, preferences, and the tools shaping the digital industry, allowing your business to respond effectively. 
• Mitigating Risks: Awareness of IT vulnerabilities and cybersecurity threats enables you to proactively safeguard your business operations. 
• Improving Operational Efficiency: IT insights highlight areas for improvement, ensuring your business operates at peak efficiency. 
• Optimizing Budget Allocation: You can make data-driven decisions regarding IT spending to maximize returns on investment. 
• Enhancing Customer Experience: Leveraging IT data allows you to better understand and meet your customer needs. 

Key IT Statistics and Insights that Paved the Way for 2025 in 2024 

Below are essential IT statistics, organized by sector and topic, to provide you with a comprehensive picture of the current and future information technology market. 

Global IT Industry Overview 

It is always a great idea to begin by looking into the worldwide IT statistics. This provides your business with a brief idea of how much this sector is in demand and why investing in integrating IT trends can be a strategic choice for your business.

1. In 2023, global IT spending reached US $4.9 trillion, and it is projected to increase to US $5.3 trillion by 2024. (1)

2. By 2025, the global IT market will likely reach $5.74 trillion, driven by advancements in AI, cloud computing, and cybersecurity. (2)

3. The global IT services market is projected to hit US $1,420.00 bn in 2024, showing 6.6% growth compared to previous years. (3)

4. IT services market size is expected to rise at a compound annual growth rate of 5.76%, resulting in a revenue valuation of US$1,879.00bn by 2029. (3)

The IT industry’s significant growth is reflected in increasing business reliance on technology to maintain competitive advantages. You can prioritize investments in cloud computing, AI, and cybersecurity for the potential these technologies hold to drive innovation and enhance efficiency. 

IT Outsourcing Statistics and Trends

IT outsourcing has become a popular strategy as companies seek specialized skills and cost-effective solutions, especially for small businesses. Here are some key IT outsourcing statistics that reflect how businesses are leveraging the benefits of IT staff augmentation from a top company, 

5. According to one study conducted by Finmasters, 81% of businesses now outsource cybersecurity functions to specialized providers. (4)

6. 79% of companies outsource app/software development, and 78% outsource next-gen technology functions. (4)

7. Data from one survey showed that 77% of businesses utilize external providers for IT infrastructure services. (5)

8. 43.46% of companies prefer offshore outsourcing for cost-efficiency, followed by 33.98% onshore and 22.56% nearshore. (6)

9. 30.29% of global IT outsourcing is driven by the BFSI sector (Banking, Financial Services, and Insurance). (6)

10. The healthcare sector accounts for 23.43% of IT outsourcing services. (6)

11. 37% of small businesses outsource accounting or IT services work, citing cost savings and access to expertise as primary reasons. (7)

12. 34% outsource digital marketing services. (7)

13. 28% of small businesses outsource software development. (7)

14. Offshore outsourcing is projected to represent 45.24% of the global outsourcing market by 2028. (6)

These statistics show how IT outsourcing has gained popularity across sectors as companies increasingly recognize the benefits of hiring a virtual IT team. Outsourcing software development, app development, cyber security, and other IT services can allow your business to focus on core competencies, reduce costs and mitigate risks.

IT Workforce and Budget Insights

As technology adoption rises, businesses are expanding their IT teams and increasing budgets, 

15. 9 of 10 organizations expect to increase their IT budgets in 2025. (8)

16. Looking at 2024 stats, around 4% of companies were estimated to budget cuts in IT. (9)

17. The average Spend per Employee in the IT Services market is shown to reach US $399.00 in 2024. (3)

18. The global IT workforce is expected to grow by 6% annually between 2024 and 2034. (10)

19. The number of India’s developers on GitHub is predicted to cross the number of US developers by 2027, which currently stands at 21 million. (11)

With a growing demand for digital transformation, businesses are investing in IT talent and expanding their budgets. Hiring dedicated developers has become essential if you want to build robust, complex systems and drive innovation for your business. If you’re looking for the best team for your IT development needs, hire dedicated developers in India from Vrinsoft as we have the top talents in our company with years of expertise and experience.

Cybersecurity Statistics

In the times where cyber threats are increasingly sophisticated, robust security measures are paramount, 

20. The cybersecurity market revenue is projected to reach $185.70 billion in 2024. (12)

21. Security services will dominate the cybersecurity market, with an estimated volume of $97.30 billion. (12)

22. The cybersecurity industry is anticipated to grow at a CAGR of 7.92%, reaching $271.90 billion by 2029. (12)

23. 77% of companies expect an increase in cybersecurity budgets in response to rising threats. (13)

24. The average cost of a data breach is estimated at US $4.88 million globally in 2024, resulting in the highest total from previous years. (14)

The increased frequency and severity of cyberattacks have prompted organizations to prioritize cybersecurity investments. From data protection to advanced threat detection, you can take proactive measures to safeguard your assets and build consumer trust by outsourcing your cybersecurity needs. 

AI and Automation Statistics

AI continues to revolutionize industries by automating processes and enhancing decision-making, 

25. 65% of companies have already implemented Generative AI to streamline operations and enhance productivity. (15)

26. The AI market is projected to reach $1,339.1 billion by 2030, growing from $214.6 billion in 2024. (16)

27. India leads global AI adoption at 59%, with the UAE following closely at 58%. (17)

28. 72% of businesses report that AI has improved their decision-making capabilities. (16)

AI adoption rates highlight its transformative impact on various industries. Businesses increasingly rely on AI for everything from predictive analytics to customer service, allowing them to operate more efficiently and deliver better experiences. Our cutting-edge AI/ML services can help your business gain a competitive advantage in this technology-driven era.

Cloud Computing Statistics

Cloud computing is central to digital transformation, offering scalability and cost savings,

29. The cloud computing market is anticipated to grow to $1266.4 billion by 2028, with a 15.1% CAGR. (18)

30. Around 51% of IT spending will shift from traditional solutions to cloud infrastructure spending in 2025. (20)

31. More than 70% of companies use the cloud for some or all of their operations. (19)

32. 73% of companies adopt multi-cloud environments to improve flexibility and resilience. (21)

33. Half of the global businesses reported using cloud-native storage between the years 2023-2024. (22)

The shift towards cloud solutions is driven by the need for flexible, secure, and cost-effective data management. From small businesses to large enterprises, cloud computing enables improved collaboration, scalability, and resilience.

Big Data and Analytics Statistics

Big data and analytics empower businesses to make data-driven decisions and optimize performance, 

34. The global big data analytics market size was valued at USD 348.21 billion in 2024, which is higher than USD 307.51 billion in 2023. (23)

35. This is further projected to grow at a CAGR of 13% during the period between 2024 and 2032, resulting in a market share of USD 924.39 billion by 2032. (23)

36. 63% of retailers plan to increase their investments in business intelligence to enhance customer experience. (24)

Data is a valuable resource for businesses seeking a competitive edge. By leveraging big data and analytics, you can gain insights into consumer behavior and improve marketing efforts with streamlined operations for your business.

Digital Transformation Statistics and Insights

Digital transformation is essential for companies seeking to adapt to changing markets and customer expectations, 

37. 94% of companies in the USA and the UK have implemented digital transformation strategies by 2024. (25)

38. The digital transformation spending is anticipated to reach US $3.9 trillion globally by 2027. (26)

39. 75% of companies view digital transformation as essential to their future success. (25)

The push toward digital transformation highlights the need for your business to innovate and improve efficiency. From app modernization to IoT integration, we at Vrinsoft provide the best digital transformation services to help your business stay relevant in a tech-driven world.

IT Spending Statistics by Sector

Different sectors prioritize IT spending based on specific needs and market demands, 

40. Healthcare IT spending is expected to reach $265.2 billion in 2024. (27)

41. The BFSI sector represents 30.29% of global IT outsourcing in 2024. (6)

42. Manufacturing is increasing its IT investments by 7.6% in 2024 as companies adopt automation and IoT. (28)

43. Retail IT spending is anticipated to grow by 6% in 2024 due to a focus on e-commerce and data analytics. (29)

These sector-specific insights demonstrate how different industries are leveraging technology to drive growth, efficiency, and customer satisfaction. 

Future Technology Trends 

Here are the top trends that companies are greatly adopting or planning to take advantage, 

44. 90% of companies expect blockchain to play a pivotal role in their business data security and copy protection. (30)

45. 58% have adopted IoT technologies for process automation in 2024 as compared to 33% in 2021. (31)

46. 93% of businesses see AI as a critical driver for growth and innovation in manufacturing. (32)

Emerging technologies like blockchain, IoT, and mobile solutions are shaping the future, offering your business innovative ways to connect, secure, and analyze data. At Vrinsoft, the best IT firm in India and the USA, we hold great expertise and experience in delivering top-notch blockchain solutions and IoT integration services. 

IT Statistics for Application Software Market

Software development has become one of the leading IT services markets, with more businesses recognizing the value of software solutions for enhancing their operations and increasing efficiency. Here are some key data from the list of top software development statistics that you should know,

47. The application software development market is estimated at a valuation of US $182.20 bn in 2024. (33)

48. The US and India are home to the largest populations of software developers, accounting for 18.33% and 12.61% of the global developer workforce, respectively. Other significant contributors include Germany and the UK. (34)

49. Enterprise software spending is predicted to cross $850 billion in 2024, driven by investments in CRM, cloud applications and ERP. (35)

50. The Asia-Pacific region is expected to witness an expansion rate of 21.5% in software development market spending by 2024, driven by the growth of digital economies in countries like China and India. (35)

51. 89% of companies using custom software report higher satisfaction with customization options, as the software can adapt precisely to their workflows, unlike the ready-made software, which often forces compromises. (36)

52. 74% of companies prefer bespoke software for its enhanced security features, as it can be customized to meet specific regulatory compliance requirements. (36)

These statistics show how businesses of all sizes are greatly relying on custom software to fulfill their business needs, especially startups. Read this outsourcing software development for startups guide to know how it can benefit your business by improving operational efficiency with a cost-effective and long-term solution.

Conclusion

As businesses navigate the evolving IT industry, these insights and statistics highlight the critical areas of focus for 2024 and beyond. Staying informed on industry trends can help you to make strategic investments, improve operational efficiency, and provide superior customer experiences.  

With projections indicating continued growth in AI, cloud computing, cybersecurity, and digital transformation, now is the time for you to leverage these advancements and prepare your business for the future. If your business application lacks any of these required modern implementations, it’s time for you to take IT consulting services from a top company like Vrinsoft.

Why Choose Vrinsoft as Your Partner for Implementing Modern IT Solutions?

At Vrinsoft, a top IT company in India, we excel in providing comprehensive IT solutions, including IT outsourcing, IT staff augmentation, and consulting services. Our services are tailored to ensure that your business stays ahead in a tech-driven world. With a team of skilled developers, we offer customized solutions in cloud computing, AI, cybersecurity, and more to meet your unique needs. 

As a trusted IT consulting company, Vrinsoft is committed to enhancing your operational efficiency, supporting digital transformation, and driving innovation. Partner with us to access cutting-edge expertise and position your business for long-term success in an evolving IT industry.

References:

1. https://www.statista.com/statistics/268938/global-it-spending-by-segment/

2. https://www.gartner.com/en/newsroom/press-releases/2024-10-23-gartner-forecasts-worldwide-it-spending-to-grow-nine-point-three-percent-in-2025

3. https://www.statista.com/outlook/tmo/it-services/worldwide

4. https://finmasters.com/outsourcing-statistics/#gref

5. https://investors.kyndryl.com/news-releases/news-release-details/kyndryl-survey-reveals-86-enterprises-are-moving-fast-adopt-ai

6. https://www.statista.com/outlook/tmo/it-services/it-outsourcing/worldwide#revenue

7. https://www.zippia.com/advice/outsourcing-statistics/

8. https://www.ciodive.com/news/cio-tech-budget-strategy-cloud-cost-generative-ai-tech-debt/724149/

9. https://www.spiceworks.com/research/it-report/

10. https://www.comptia.org/content/research/state-of-the-tech-workforce

11. https://timesofindia.indiatimes.com/business/india-business/india-to-become-largest-software-developer-by-2027-ai-fueling-economic-boom-github-ceo/articleshow/112958278.cms

12.https://www.statista.com/outlook/tmo/cybersecurity/worldwide

13. https://www.pwc.com/gx/en/news-room/press-releases/2024/pwc-2025-global-digital-trust-insights.html

14. https://www.ibm.com/reports/data-breach

15. https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-state-of-ai

16. https://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-market-74851580.html

17. https://newsroom.ibm.com/2024-01-10-Data-Suggests-Growth-in-Enterprise-Adoption-of-AI-is-Due-to-Widespread-Deployment-by-Early-Adopters

18. https://www.marketsandmarkets.com/Market-Reports/cloud-computing-market-234.html

19. https://www.gartner.com/en/newsroom/press-releases/2024-06-05-the-expanding-enterprise-investment-in-cloud-security

20. https://www.gartner.com/en/newsroom/press-releases/2022-02-09-gartner-says-more-than-half-of-enterprise-it-spending

21. https://www.statista.com/statistics/817296/worldwide-enterprise-cloud-strategy/

22. https://www.statista.com/statistics/1478582/firms-usage-of-cloud-native-technologies/

23. https://www.fortunebusinessinsights.com/big-data-analytics-market-106179

24.https://tdwi.org/~/media/TDWI/TDWI%20Portals/White%20Papers/2010/11/

25. https://www.valtech.com/whitepapers/leadership-priorities-in-tech/

26. https://www.statista.com/statistics/870924/worldwide-digital-transformation-market-size/

27. https://www.gartner.com/en/documents/5378463

28. https://www.gartner.com/en/documents/5399763

29. https://www.gartner.com/en/documents/5179563

30. https://cointelegraph.com/news/90-of-businesses-adopting-blockchain-technology-data

31. https://iot-analytics.com/top-10-iot-use-cases/

32.https://www2.deloitte.com/content/dam/Deloitte/cn/Documents/cip/deloitte-cn-cip-ai-manufacturing-application-survey-en-200116.pdf 

33. https://www.statista.com/outlook/tmo/software/application-development-software/worldwide

34. https://marketsplash.com/software-market-revenue-statistics/

35. https://www.outsourceaccelerator.com/articles/software-developer-statistics/

36. https://markuphero.com/blog/articles/custom-software-development-trends/