The IT spending market size attained a value of USD 4.02 Trillion in 2025. The industry is expected to grow at a CAGR of 3.50% during the forecast period of 2026-2035. By 2035, the market is expected to reach USD 5.67 Trillion.
Enterprises are investing heavily in data centre systems to support AI workloads, adding to the growth of the IT spending market. With generative AI and large language models requiring immense computational power, businesses are upgrading infrastructure to include high-performance GPUs, low-latency networks, and energy-efficient cooling systems. According to industry reports, data centers are estimated to require USD 6.7 trillion worldwide to keep up with the requirements for compute by 2030.
Several companies are introducing AI-enabled PCs to enhance performance and reduce cloud dependency while boosting device-side performance, complimenting the IT spending market. These PCs are designed for specialized roles that require high computational power. To support with industry reports, 98% of all PCs worldwide are expected to be AI-enabled by 2028. Such advancements are helping to improve the response time and data privacy with reduced bandwidth costs, adding to the market growth.
Infrastructure investments are emerging as a stable growth factor for the IT spending industry. With businesses expanding digital operations, there is a rising need for robust IT infrastructure to support data-heavy applications. Enterprises are upgrading on-premises data centers, investing in hybrid cloud models, and enhancing network architecture to ensure speed, scalability, and security. In November 2024, Peru’s BCP invested USD 650 million in hybrid cloud with Microsoft and Kyndryl to boost digital transformation in Peru. These sustained investments are reflecting innovation and long-term technological competitiveness in the market.
Base Year
Historical Period
Forecast Period
Investments in cloud infrastructure across various sectors support the IT industry growth.
Cybersecurity concerns are contributing to increased expenditure on safety and security of IT infrastructure across organisations.
Digitalisation in developing countries is accelerating investments in advanced IT solutions, driving market expansion.
Compound Annual Growth Rate
3.5%
Value in USD Trillion
2026-2035
*this image is indicative*
| Global IT Spending Market Report Summary | Description | Value |
| Base Year | USD Trillion | 2025 |
| Historical period | USD Trillion | 2019-2025 |
| Forecast Period | USD Trillion | 2026-2035 |
| Market Size 2025 | USD Trillion | 4.02 |
| Market Size 2035 | USD Trillion | 5.67 |
| CAGR 2019-2025 | Percent | XX% |
| CAGR 2026-2035 | Percent | 3.50% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 4.5% |
| CAGR 2026-2035 - Market by Country | India | 5.2% |
| CAGR 2026-2035 - Market by Country | China | 4.6% |
| CAGR 2026-2035 - Market by Type | Enterprise IT Services | 4.1% |
| Market Share by Country | Japan | 6.4% |
The rising popularity of public cloud services, fueled by increased utilization and price hikes from vendors, is adding to the IT spending market share. According to industry reports, the global public cloud spending is likely to reach USD 723.4 billion in 2025. As businesses are migrating workloads to the cloud for scalability, flexibility, and cost efficiency, public cloud platforms are witnessing record demand. This is further intensified by price hikes from cloud vendors and a higher overall usage of services like storage, computing, and AI-based tools.
Cybersecurity is reshaping the IT spending market outlook, as organizations are facing a rising volume of sophisticated cyber threats, including ransomware, AI-powered attacks, and data breaches. According to industry reports, the ransomware landscape witnessed 5,414 published attacks on organizations across the world in 2024, further driving investments in cybersecurity spending. Businesses and governments are prioritizing investment in advanced security solutions such as zero-trust architectures, endpoint protection, and cloud security.
The strong focus of enterprises on spending more on IT services when compared to internal staff is driving the IT spending market expansion. This shift stems from the need for specialized expertise in cloud management, cybersecurity, and AI integration, which external providers deliver more efficiently. Supporting with industry reports, the spending on IT services touched USD 1.5 trillion in 2024. This trend is highlighting the reliance of businesses on external partners to remain agile, and competitive in a fast-evolving landscape.
The escalating software spending, driven by increased cloud adoption and the need for scalable applications is complimenting the IT spending industry. Enterprises are rapidly investing in Software-as-a-Service (SaaS) platforms and collaboration tools to streamline operations and improve efficiency. For instance, in January 2022, San Francisco-based fintech firm Arc secured USD 161 million in investment to launch a comprehensive finance platform tailored for SaaS companies. The shift toward cloud-native applications is allowing businesses to scale usage based on demand, reduce upfront costs, and support remote and hybrid workforces.
Telecommunications companies are increasingly investing in 5G infrastructure to meet the surging demand for high-speed connectivity, further fostering the IT spending market development. In June 2025, Vodafone and Three UK signed a partnership to form VodafoneThree by committing to invest EUR 11 billion in 5G infrastructure over the next decade. This helped to achieve 99.95% 5G Standalone coverage in the United Kingdom by 2034 while enhancing the broadband services. Such investments are expected to drive growth in communications services spending.
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The EMR’s report titled “IT Spending Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Breakup by Type
Key Insight: The enterprise software segment of the IT spending market is rapidly expanding, driven by rising digital transformation across industries. This segment includes business intelligence software, which help companies make data-driven decisions. Content management software facilitates document control and collaboration. Customer relationship management platforms enhance customer engagement, while enterprise resource planning tools are streamlining operations. Supply chain management software optimizes logistics and inventory, vital for manufacturers and retailers. As demand grows for real-time insights and cloud-based integration, enterprise software remains a cornerstone of IT investments.
Breakup by Region
Key Insight: North America IT spending market is driven by its robust digital infrastructure, widespread cloud adoption, and leadership in AI and cybersecurity. The United States is witnessing major investments from companies in AI data centers and enterprise software. In April 2024, Google invested USD 3 billion to expand its data center campuses in Virginia and Indiana. The region also benefits from high enterprise demand for digital transformation and advanced analytics. Additionally, the finance, healthcare, and manufacturing sectors are accelerating investments in emerging technologies, further solidifying the region’s leadership.
| CAGR 2026-2035 - Market by | Type |
| Enterprise IT Services | 4.1% |
| Data Centre Systems | 3.9% |
| Communications Services | 3.7% |
| Enterprise Software | XX% |
| Devices | XX% |
Communications Services & Devices to Boost IT Spending
Communications services are contributing to the global IT spending market, driven by the rising demand for connectivity, particularly for mobile and broadband internet. As per industry reports, about 5.5 billion people used the internet in 2024, showing a rise in 227 million individuals from 2023. With 5G deployment accelerating across major economies, telecom companies are investing heavily in infrastructure upgrades. Enterprises are increasingly relying on unified communications platforms to integrate messaging and collaboration tools. With digital connectivity becoming central to business and daily life, the segment is gaining traction.
| Market Share by | Country |
| Japan | 6.4% |
| USA | XX% |
| Canada | XX% |
Devices, including PCs, smartphones, laptops, tablets, and peripherals, represent a critical part of the IT spending market. Enterprises are continuing to refresh hardware to support hybrid work environments, with stronger emphasis on endpoint security. Apple's MacBooks and iPhones, along with Dell and HP laptops, remain top enterprise choices. The education sector also contributes significantly to tablet and Chromebook demand. Ongoing innovations in devices, such as foldable displays or AI-enhanced chips are also keeping this segment competitive within overall IT investment portfolios.
Europe & Asia Pacific to Witness Higher IT Spending
Europe is contributing to the IT spending market, with substantial investments in cloud computing, cybersecurity, and green IT initiatives. Germany, the United Kingdom, and France are increasingly promoting digital transformation via policy support. As per industry reports, IT spending in Europe is estimated to hit USD 1.28 trillion in 2025, further increasing the focus on public sector digitalization and secure data infrastructure. The stringent data protection regulations are also driving the demand for secure IT systems. Moreover, investments in AI and IoT for smart cities and industry 4.0 are reinforcing Europe's place in the global IT ecosystem.
Asia Pacific IT spending market value is growing due to rapid digitization, expanding 5G networks, and government-led tech initiatives in China, India, Japan, and South Korea. Supporting with industry reports, there would be around 1.4 billion 5G connections across Asia Pacific by 2030. India’s Digital India initiative and China’s push for domestic tech innovation are driving the regional market growth. Multinational companies are also outsourcing IT services to Asia Pacific for cost efficiency.
| CAGR 2026-2035 - Market by | Country |
| India | 5.2% |
| China | 4.6% |
| Brazil | 3.9% |
| Mexico | 3.6% |
| UK | 3.4% |
| USA | XX% |
| Canada | 3.2% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Australia | 3.1% |
| Germany | 3.0% |
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In 2025, the market reached an approximate value of USD 4.02 Trillion.
The market is projected to grow at a CAGR of 3.50% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 5.67 Trillion by 2035.
The emerging trends include the growing awareness regarding the benefits of AI audit management, the rising economic development, and the increasing investments to boost the security of IT.
North America dominates the market by its robust digital infrastructure, widespread cloud adoption, and leadership in AI and cybersecurity
The major types of IT spending in the market are data centre systems, enterprise software, enterprise IT services, devices, and communication services.
IT spending is the total money spent on IT systems and services by an organisation. IT spending is not only limited to IT organisations but is a significant aspect across diverse businesses, enabling the construction and maintenance of large-scale digital infrastructure and services.
Cloud Application Infrastructure Services (PaaS), Cloud Application Services (SaaS), and Cloud Business Process Services (BPaaS) contribute significantly to the market.
Key strategies driving the market include accelerated digital transformation, cloud migration, adoption of AI and automation, and focus on cybersecurity. Enterprises are investing in scalable infrastructure, enterprise software, and managed services to boost efficiency, enhance customer experience, and maintain competitiveness in an increasingly technology-driven global economy.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Region |
|
| Market Dynamics |
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| 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. |
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