The information technology (IT) industry deals with the application of computers, computer peripherals and telecommunications equipment to store, retrieve, transmit and maneuver data. It involves computer networking, broadcasting, systems design services and information distribution technologies like television and telephones.
Information Technology Global Market Size
Asia Pacific was the largest region in the information technology market in 2017, accounting for around 39% market share. North America was the second largest region accounting for around 27% market share. Africa was the smallest region accounting for around 2% market share.
Information Technology Global Market Trend
Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase its presence and share in the market. According to Allison Randal, President, Open Source Initiative, 78% of companies use open source solutions and 64% participate in open source projects indicating an increase in open source software platforms to build applications in 2015.
The companies covered are AT&T, Apple, Verizon Communications Inc., China Mobile Ltd, and Microsoft.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Information Technology Global Market Segmentation
The information technology market is segmented into IT Services; Computer Hardware; Telecom; and Software Product.
IT services providers apply technical expertise and knowledge to enable organizations to create, manage and optimize their IT processes. The information technology services industry breaks down into custom computer programming services, computer systems design services and computer related services.
Telecom industry is a part of the information and communication technology industry. The industry is primarily engaged in operating and providing access to facilities for the transmission of voice, data, text and video.
Computer Hardware segment includes digital equipment for everyday use in homes and for performing day to day activities in offices. These include personal computers (PCs) laptops and tablets. The computers market also comprises computer storage devices, peripheral equipment, system design services and other related services. The computers market includes servers and processors but does not include embedded systems used in automobiles and manufacturing plants. Computer hardware segments includes computer peripheral equipment, computer storage device and computers.
Software Product companies develop, market and distribute software products for commercial and personal use. Publishers are usually sold in the form of licenses to use the software for a specified period or permanently. The license generally entitles the buyer to receive updates of the programs.
Companies in this industry create and distribute computer software by designing software, providing documentation, assisting in installation and providing support services to software purchasers. Some businesses design, develop and publish; others only publish.