Read Time: 4 minutes

Evolution of the Information Technology Landscape

The information technology landscape has evolved from centralized mainframes and proprietary systems in the 1970s to today’s decentralized, cloud-based, and AI-driven architectures. Each decade introduced a paradigm shift—personal computing in the 1980s, the rise of the internet and client-server models in the 1990s, and the proliferation of mobile devices and SaaS platforms in the 2000s. 

This evolution reflects how IT has become embedded in every industry, enabling automation, analytics, and collaboration on a global scale. In recent years, the acceleration of digital transformation, fueled by cloud-native development, machine learning, and edge computing, has redefined how organizations build and manage IT environments. This article will present statistics that shed light on the information technology industry’s present and future.

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.

  1. Global IT spending is projected to reach $5.3 trillion in 2024, up from $4.9 trillion in 2023 (Gartner)
  2. The global IT market is forecast to hit $5.74 trillion by 2025 (Gartner)
  3. 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.

  1. Average global cost of a data breach was $4.88 million in 2024 (Morgan Lewis)
  2. Small businesses are the target of 43% of all cyberattacks (National Cybersecurity Alliance)
  3. 62% of SMBs lack in-house cybersecurity expertise (Papaya)
  4. Only 54% of U.S. businesses with 500+ employees have a full disaster recovery plan (Security Magazine)
  5. 95% of cybersecurity incidents are caused by human error (Infosecurity Magazine)
  6. Hackers attack internet-connected computers every 39 seconds (Clark School)
  7. Cybersecurity market is projected to reach $185.7 billion in 2024, growing to $262.3 billion by 2030 (Statista)
  8. 77% of organizations plan to increase cybersecurity budgets in response to growing threats (Statista)
  9. 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.

  1. IT jobs are growing by over 300,000 per year in the U.S. (Bureau of Labor Statistics)
  2. Median U.S. IT salary is $105,990, more than double the national average (Bureau of Labor Statistics)
  3. Top programming languages in job postings: SQL, Java, Python, C#, C++, HTML (Statista)
  4. Women make up 22.7% of the IT workforce; 11% identify as LGBTQ+ (Zippia)
  5. Fastest-growing roles include security analysts, software developers, and research scientists (Bureau of Labor Statistics)
  6. 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.

  1. AI is projected to add $15.7 trillion to the global economy by 2030 (Forbes)
  2. 65% of companies use AI to reduce manual workloads (Classics Informatics)
  3. AI expected to replace 85 million jobs but create 97 million new ones by 2025 (World Economic Forum)
  4. Labor productivity could increase by 1.5 percentage points per year due to AI (Goldman Sachs)
  5. 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.

  1. 86% of organizations have adopted a multicloud strategy (Help Net)
  2. 55% of IT workloads are hosted off-premises (Uptime Institute)
  3. Public cloud spending is projected to grow over 20% in 2024 (Gartner)
  4. Enterprises are expanding data center capacity: 54% of owner-operators and 56% of colocation providers are planning growth (Uptime Institute)
  5. 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.

  1. Global IT spending is expected to grow 7.5% in 2024 (Gartner)
  2. Only 4% of companies plan to reduce IT spending in 2024 (Veridion)
  3. $200 billion in global AI-related IT investments projected by 2025 (Goldman Sachs)
  4. Applied AI received $86 billion in equity investment in 2024 (Yahoo Finance)
  5. Electrification and renewables received $183 billion in equity investment (CityBiz)
  6. 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.

  1. Application software market is valued at $675 billion in 2024 (WIPO)
  2. Enterprise software spending reached $900 billion in 2024 (Gartner)
  3. 65% of code repositories had vulnerabilities in 2023 (Microsoft)

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!