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The global IT spending market attained a value of around USD 3.5 trillion in 2020. The IT spending market is expected to grow in the forecast period of 2021-2026 at a CAGR of nearly 3.5% to reach USD 4.3 trillion by 2026.
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IT spending is the overall IT expenditure allocation of the company over 12 months. IT spending can be generated throughout the business that includes IT costs and not only the IT organization. The IT spending includes IT service equipment, software, employees, outsourcing, disaster recovery, as well as occupancy costs for the business. The expenses include all taxes (excluding value-added tax, where the company is compensated or reimbursed).
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Based on type, the IT spending market can be broadly categorised into:
The EMR report looks into the regional IT spending markets like North America, Latin America, Europe, the Middle East, and Africa, and the Asia Pacific.
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Companies are abundantly investing in digitization, automation as well as artificial intelligence, which is fuelling the IT spending market growth. By investing in cloud software to cut costs, companies avoid political and economic risks. Cloud software is accessed directly from cloud providers online instead of online. It minimizes the need for expensive in-house servers, storage, networking, and some other hardware components. This provides an impetus to the growth of the IT spending market. The use of AI techniques in software audit management helps improve the performance of data-heavy environments. This helps audit firms by decreasing monitoring times and reducing audit management’s overall costs and time. The benefits of AI audit management are projected to have a significant impact on the development of the IT spending industry. The steady growth in the global economy also affects the IT spending market positively. The security of data, however, could be a major challenge to IT spending market growth.
The report presents a detailed analysis of the following key players in the global IT spending market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the IT spending market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Region|
|Breakup by Type||IT Services, IT Software, IT Hardware|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Cisco Systems, Inc. [CSCO (NASDAQ)], Dell Technologies Inc. [DELL (NYSE)], IBM Corp. [IBM (NYSE)], Microsoft [MSFT (NASDAQ)], SAP SE [SAP (ETR)], Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Key Industry Trends
3.3 Market Scope and Segmentation
3.4 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Global IT Spending Market Analysis
5.1 Global IT Spending Historical Market (2016-2020) & Forecast (2021-2026)
5.2 Global IT Spending Market Breakup by Type
5.2.1 IT Services
5.2.2 IT Software
5.2.3 IT Hardware
5.3 Global IT Spending Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
5.3.1 IT Services
5.3.2 IT Software
5.3.3 IT Hardware
5.4 Global IT Spending Market Breakup by Region
5.4.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
5.5 Global IT Spending Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
5.5.1 North America
184.108.40.206 United States of America
220.127.116.11 United Kingdom
5.5.3 Asia Pacific
5.5.4 Latin America
5.5.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
6 SWOT Analysis
7 Porter’s Five Forces Analysis
7.2 Buyer’s Power
7.3 Supplier’s Power
7.4 New Entrants
7.5 Degree of Rivalry
8 Competitive Landscape & Supplier Analysis
8.1 Cisco Systems, Inc. [CSCO (NASDAQ)]
8.1.1 Company Overview
8.1.2 Financial Analysis
8.2 Dell Technologies Inc. [DELL (NYSE)]
8.2.1 Company Overview
8.2.2 Financial Analysis
8.3 IBM Corp. [IBM (NYSE)]
8.3.1 Company Overview
8.3.2 Financial Analysis
8.4 Microsoft [MSFT (NASDAQ)]
8.4.1 Company Overview
8.4.2 Financial Analysis
8.5 SAP SE [SAP (ETR)]
8.5.1 Company Overview
8.5.2 Financial Analysis
9 Industry Events and Developments
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