Evolution of the Information Technology Landscape
Recent data shows that information technology is not only expanding rapidly but also evolving in complexity and strategic importance. Global IT spending is increasing across all sectors, driven by rising investments in cloud infrastructure, cybersecurity, AI, and digital transformation initiatives. Companies are no longer viewing IT as a cost center but as a key enabler of growth, resilience, and innovation. The surge in digital adoption, reflected in internet usage, cloud adoption, and AI implementation, indicates that most organizations now operate in highly connected, software-driven environments.
At the same time, this growth brings new risks and challenges. Cybersecurity remains a major concern, especially for small and mid-sized businesses that often lack the resources to build adequate defenses. Human error continues to be the top cause of breaches, and deepfake attacks are on the rise. Meanwhile, workforce gaps in IT and security roles make it difficult for companies to keep up with demand. These trends underline the need for better visibility, automation, and skills development to ensure that IT environments can support business goals while staying secure and resilient.
Editor’s note: Updated the article to include recent statistics about digital adoption and connectivity, published in 2025-2026.
This is part of a series of articles about IT asset management
Key IT Statistics
Global IT Market & Industry Growth
The global IT industry continues to expand, fueled by innovations in AI, cybersecurity, and cloud computing. These trends highlight the growing reliance on IT services and the sector’s resilience even amid economic uncertainties.
- Global IT spending is projected to reach $5.3 trillion in 2024, up from $4.9 trillion in 2023 (Gartner)
- The global IT market is forecast to hit $5.74 trillion by 2025 (Gartner)
- More than 40% of Fortune 500 companies referenced AI in 2023 earnings calls (FactSet)
Cybersecurity
With cyber threats increasing in scale and complexity, organizations across sectors are investing heavily in cybersecurity solutions. Despite this, many remain vulnerable due to internal gaps or misconceptions about risk.
- Average global cost of a data breach was $4.88 million in 2024 (Morgan Lewis)
- Small businesses are the target of 43% of all cyberattacks (National Cybersecurity Alliance)
- 62% of SMBs lack in-house cybersecurity expertise (Papaya)
- Only 54% of U.S. businesses with 500+ employees have a full disaster recovery plan (Security Magazine)
- 95% of cybersecurity incidents are caused by human error (Infosecurity Magazine)
- Hackers attack internet-connected computers every 39 seconds (Clark School)
- Cybersecurity market is projected to reach $185.7 billion in 2024, growing to $262.3 billion by 2030 (Statista)
- 77% of organizations plan to increase cybersecurity budgets in response to growing threats (Statista)
- AI-generated deepfake scams increased 150% over the past year (CBS)
IT Workforce, Jobs & Skills
As demand for IT talent continues to rise, companies face challenges in hiring and retaining skilled professionals. Workforce trends show growth in both job numbers and salaries, with AI and cybersecurity expertise in especially high demand.
- IT jobs are growing by over 300,000 per year in the U.S. (Bureau of Labor Statistics)
- Median U.S. IT salary is $105,990, more than double the national average (Bureau of Labor Statistics)
- Top programming languages in job postings: SQL, Java, Python, C#, C++, HTML (Statista)
- Women make up 22.7% of the IT workforce; 11% identify as LGBTQ+ (Zippia)
- Fastest-growing roles include security analysts, software developers, and research scientists (Bureau of Labor Statistics)
- California, Texas, New York, Florida, and Georgia lead in IT job growth (TD Economics)
AI & Automation
AI and automation are reshaping IT operations and business strategy. Adoption is rising across industries, with applications ranging from productivity gains to advanced threat detection and labor market transformation.
- AI is projected to add $15.7 trillion to the global economy by 2030 (Forbes)
- 65% of companies use AI to reduce manual workloads (Classics Informatics)
- AI expected to replace 85 million jobs but create 97 million new ones by 2025 (World Economic Forum)
- Labor productivity could increase by 1.5 percentage points per year due to AI (Goldman Sachs)
- AI tools free up ~4 hours per week for professionals (Thomas Reuters)
Cloud Computing & Infrastructure
Cloud computing is now the backbone of IT infrastructure, with widespread adoption of hybrid and multicloud strategies. Organizations are increasing investments in data center capacity while balancing performance, resilience, and cost.
- 86% of organizations have adopted a multicloud strategy (Help Net)
- 55% of IT workloads are hosted off-premises (Uptime Institute)
- Public cloud spending is projected to grow over 20% in 2024 (Gartner)
- Enterprises are expanding data center capacity: 54% of owner-operators and 56% of colocation providers are planning growth (Uptime Institute)
- Fewer than 50% of data center operators track sustainability metrics (Uptime Institute)
IT Budget & Financial Planning
IT budgets are increasing as companies prioritize modernization, security, and automation. Strategic investments are shifting toward cloud and AI, with a notable decline in cost-cutting as the primary budgeting goal.
- Global IT spending is expected to grow 7.5% in 2024 (Gartner)
- Only 4% of companies plan to reduce IT spending in 2024 (Veridion)
- $200 billion in global AI-related IT investments projected by 2025 (Goldman Sachs)
- Applied AI received $86 billion in equity investment in 2024 (Yahoo Finance)
- Electrification and renewables received $183 billion in equity investment (CityBiz)
- 24% more organizations plan to invest in network automation compared to last year (Channel Futures)
Software Development & DevOps
Software development remains a cornerstone of IT growth, with increasing focus on security, productivity, and AI assistance. Companies are favoring custom solutions for better alignment with workflows and regulatory requirements.
- Application software market is valued at $675 billion in 2024 (WIPO)
- Enterprise software spending reached $900 billion in 2024 (Gartner)
- 65% of code repositories had vulnerabilities in 2023 (Microsoft)
Related content: Read our guide to IT asset management software
Digital Adoption and Connectivity
IT growth is also being driven by how many people and businesses are now “always online.” As connectivity expands, organizations are pushed to modernize systems, improve reliability, and scale digital services.
38. Global spending on IT systems is projected to surpass $5.6 trillion in 2025, about 10% higher than 2024 (Statista)
39. IT services are expected to be the largest spending category, with global expenditure of $1.7+ trillion in 2025, or roughly 31% of total IT system spending (Statista)
40. There were 5.56 billion internet users worldwide in February 2025, equal to 67.9% of the global population (DataReportal)
41. Global internet users grew 2.4% year over year as of February 2025 (DataReportal)
42. 91% of companies reported being engaged in a digital initiative (such as automation) in 2024 (Statista/ClickLearn)
43. Artificial intelligence was the most searched technology topic in 2024, with 668,000+ average monthly global searches (AIPRM)
44. Interest in generative AI surged, with average monthly searches rising 2,806% from 2022 to 2024 (AIPRM)
Related content: Read our guide to IT asset management software
Adding Visibility and Resilience to IT Environments with Faddom
The latest IT statistics reveal a clear trend: budgets are increasing, cloud adoption is on the rise, and security threats are becoming more complex. However, many organizations still struggle with visibility, which is essential for managing risks, optimizing resources, and ensuring resilience in rapidly changing environments.
Faddom addresses this challenge by offering real-time, agentless application dependency mapping across on-premises, cloud, and hybrid infrastructures. With a continuously updated view of servers, applications, and their dependencies, IT teams can enhance performance, improve security, and avoid costly downtime. As organizations modernize and grow, Faddom ensures that this expansion is backed by clarity, control, and confidence.
Schedule a demo today to discover how Faddom can provide complete visibility and resilience to your IT environment!
