17 Facts, Figures Forecasts for the Global IT Industry

17 Facts, Figures Forecasts for the Global IT Industry 17 Facts, Figures Forecasts for the Global IT IndustryPosted May 8, 2019, by JennySince the term information technology welches coined in 1978, the sector has continued to witness exponential growth regarding revenue and implementations across different industries worldwide. The IT industry has improved many sectors of our lives including healthcare (virtual healthcare applications and telemedicine), education (computers and modern learning tools), communication (social media), and entertainment (laptops and other internet-connected devices).Here are 17 new figures and trends for the IT industry.Global IT spending is projected to rise to about $3.8 trillion in 2019, a 3.2% increase from an estimated expenditure of $3.7 trillion in 2018 Communications services are expected to take the chunk of global IT spending in 2019 with an estimate of about $1.4 trillion In 2017, North America accounted for 33% of the global IT industry rev enue, followed by Asia (33%), Europe (22%), Latin America (7%), and Africa (5%) In 2016, the US exported tech products and services believed to be worth around $309 tausend milliarden In the USA, 25% of the IT workforce are women Information security technology market was worth about $92.1 billion in 2018 The global cybersecurity market is estimated to grow from $152.7 billion in 2018 to $248.3 billion in 2023 Worldwide spending on data storage is expected to exceed $51 billion by 2019 70% of all the webs traffic passes through a Loudoun County data center in Northern Virginia AI services are estimated to generate revenues of more than $19 billion worldwide by 2020 With the rate of adoption of AI in various sectors of menschenwrdig endeavour, it is projected that it will take over 16% of jobs within the next decade AI has defeated all human records in the puzzle game 2048, achieving a high score of 839,732 and beating the game in just 973 moves without using undo Augmented and virtu al reality market is expected to grow to about $209 billion in 2022 The number of shipments of 5G-enabled smartphones will reach 2 million units worldwide in 2019 By 2025, the 5G market will be worth about $251 billion There will be more than 20 billion Internet-of-Things connected devices by 2020 There are over 90 million smart speaker users in the US alone as of 2018See what exciting path a career in IT can lead you Start with a recognised course in IT - enquire todayThis article was produced for Career FAQs by TechJury ResourcesMy first resumeCover letter for my first jobCareer Insider StoriesBrett Raven - RedBalloon Chief Technology OfficerInterested in becoming a?Management ConsultantMarketing OfficerProject ManagerSystems AdministratorHelp Desk OfficerPopular Career Searchescareers in the construction industryjob advertisement about itadvertisement for itcareers in the electrical industryadvertisements for teachers in news employementInformation Technology CoursesBachelor of C yber SecurityEnquire Online Enquire OnlineBachelor of Applied Information TechnologyEnquire Online Enquire OnlineGraduate Diploma of Data ScienceEnquire Online Enquire OnlineAssociate Degree of Applied Information TechnologyEnquire Online Enquire OnlineJennyRelated ArticlesBrowse moreHow being the underdog will get you over the lineTheres a lot to be learnt from the competitors of the Winter Olympic Games. We look at why being the underdog shouldnt be underrated.HabitsWellbeingThe 30-Minute Rule How To Overcome Sedentary Behaviour at WorkSitting is the new smoking Yep, thats right, research has shown that sitting for more than 30 minutes at a time can put us on the fast track to death. Adopt the 30-minute rule and see how you can sit less and move more.AgricultureA different kind of hay feverWe chat to Rohan Brill, a Research and Development Agronomist for the NSW Department of Primary Industries, about why he chose a career in Agriculture.