Information Technology

The information technology (IT) sector is a vital and continuously changing industry that includes a wide range of enterprises involved in the design, installation, and management of computer systems, software, and telecommunications. IT is crucial in allowing and supporting organizations and digital transformations, promoting innovation and efficiency across many industries.

The information technology sector includes a wide range of operations such as hardware production, software development, data management, cybersecurity, cloud computing, and telecommunications. It provides critical services and technology for modern-day operations, communication, and networking.IT advancements have transformed enterprises and communities, enabling more productivity, better decision-making, and expanded connectedness. It has changed the way we work, communicate, obtain information, and interact with the rest of the world. Since the past decade, this industry has grown fast, thanks to the rapid rise of AI, machine learning, cloud services, and other cutting-edge technologies, which provides better business outcomes.

Market size of the global IT industry: $8852.41 billion in 2023 CAGR: 8.2%