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United States IT Spending Market Share, Analysis, Research: By Types: Data Centre Systems, Enterprise Software, Devices, Communications Services; By Company Size: Total Spending by Company Having Less Than 300 Employees, Others; Regional Analysis; Competitive Landscape: Industry Events and Developments; 2023-2028

United States IT Spending Market Outlook

In 2021, the market attained a total of USD 1.97 trillion spending on information and business technology in United States. According to the research, the United States IT spending market is expected to witness significant growth in the market forecast period of 2023-2028.

 

News and Developments in the Market

In July 2022, a leading retail store company, Macy’s, announced spending cuts to be applied this year. They have informed their tech partners of 10-15% cut in their IT budget.

 

In August 2021, Microsoft India announced their collaboration with Invest India. Invest India is a program to help tech start-ups in India by the Government of India’s national investment promotion and facilitation agency.

 

With this collaboration in action, the business resources and technology of Microsoft will be utilised to help the start-ups. This will increase the spending on IT services and indirectly propel the United States IT spending market.

 

Key Market Trends include Growing Adoption of Cloud Computing, Increasing Deployment of DBMS, and Favourable Plans for companies

IT services are the applications and data services utilised by companies to enable management and optimisation of data and communication throughout the company. IT services support the flow of work in companies with setup, management, and troubleshooting of different services like network, software, cloud computing, and many more.

 

  • The growing adoption of cloud computing due to the increased breakthroughs in cloud solutions and data management will contribute to the market growth. Cloud services provide multiple benefits, allowing the companies to propel their profits. This is a major driver for the United States IT spending market. There are some downsides to it as the data and privacy may be exposed if third party management is involved. This can be solved by deploying proper IT services to analyse process execution and storage of data in applications and network connections.
  • The deployment of database management systems (DBMS) is rising as the amount of data available for analysis keeps increasing at an astounding rate. The rising demand for data services will help the growth of United States IT spending market.
  • The adoption of digital services is increasing every day. With the implementation of favourable payment plans for companies to pay as per their need in cloud services the IT spending is expected to grow significantly.

 

Rising Collaborations, Implementation of AI and ML, and Increased Government Spending are Offering Lucrative Opportunities to the Market

Collaborations with Other Countries

United States has initiated many collaborative ventures with emerging nations like India. Established tech companies are collaborating with emerging countries to expand their market.

 

The companies will supply their technology and services and doing so will boost the growth of the IT spending market in the regional and the global market.

 

Increasing Implementation of AI and ML

The increasing implementation of artificial intelligence and machine learning in companies to manage and analyse the data. This will help the companies to outsource data based on their interest.

 

Companies can also setup their own systems to help various tasks. This can help in propelling the IT spending market development.

 

Government Spending Considerable Amount to Fortify Security and Innovation in IT

The government of United States, acknowledging the importance of Federal IT, is investing a significant amount to improve the cyber security. The government will also emphasize on training new and current workforce to address the skill gap among the existing staff.

 

This increased attention to IT systems by the federal government will give the existing market further opportunities to grow.

 

Improving Network with 5G

Organisations are improving their network with the onset of 5G technologies. The 5G provides high rates for data transfer while providing the security like wired transfers.

 

This can provide new opportunities for the market growth as organisations will invest in data centres and to upgrade their technology.

 

Technical Issues and Lack of Professionals to be the Major Challenges for the United States IT Spending Market

Technical Problems and Downtime of Servers

Cloud services are online services and like any other online service setup, it can face server problems and downtime. These issues can obstruct company operations, which can lead to significant loss in business.

 

This issue can be solved by implementing a skilled team to maintain the services. However, every company cannot do the same and this can hinder the growth of the United States IT spending market.

 

Skill Gap in Professionals

The difference between the skills required by company and what skills the employee possess can differ. Low percentage of people can tackle high skill tasks. This lack of expertise has held back the development of highly technical sectors.

 

Risk of Data Theft

Though security measures are taken according to industry standards, storing data in a virtual storage space can lead to data theft or data loss. Service providers hold the major control over the management giving the customer minimal control, which can be a major liability.

 

United States IT Spending Market Analysis

Based on type, the market can be segmented into data centre systems, enterprise software, devices, and communications services.

 

The data centre systems, enterprise software, devices, and communication services can further be divided by company size. The different company sizes include less than 300 employees, 300-2000 employees, more than 2000 employees.

 

The enterprise software can be further divided by type. The types of enterprise software in the United States IT spending market include managed and locally hosted enterprise software, and enterprise IT services.

 

The managed and locally hosted software include ERP, HRMIS, accounting, CRM, desktop applications with enterprise license, and OS with enterprise license, among others. The enterprise IT services include customized software and app development, and services including IT consulting, among others.

 

Based on company size, the market segments include less than 300 employees, 300-2000 employees, more than 2000 employees.

 

The extensive EMR report provides a detailed assessment of the United States IT spending market based on Porter's five forces model and a SWOT analysis.

 

Data Centre Systems, Enterprise Software, Devices, and Communications Services are the Different Types in the Market

Based on type, the United States IT spending market segments include data centre systems, enterprise software, devices, and communications services.

 

Data Centre Systems or data centres are physical facilities comprised of a building or a section of a building used to keep computer systems and storage systems, and other components.

 

Spendings on data centres are continuously growing as cloud service increases in utilisation in the IT market, and as the market grows, the need of IT services will rise to perform tasks faster. This will increase the share of the United States IT spending market in the global market.

 

The size of the data centre can be categorised by company size of less than 300 employees, 300-2000 employees, and more than 2000 employees.

 

Enterprise Software is a computer application that helps big companies in various operations such as data analysis, sales and marketing, and customer care, among others.

 

They are utilised in different types of organisations, including schools, businesses, and government among others. The softwares include ERP, HRMIS, accounting, CRM, desktop applications with enterprise license, OS with enterprise license, among others.

 

These softwares can be further divided into managed and locally hosted, and enterprise IT services. The managed and locally hosted softwares are installed and managed by the user, giving them full control over the data. With the data security, its monthly cost is also very low.

 

Enterprise IT services are information technology services provided to all businesses for assistance in completing various tasks. These services help business increase efficiency and return-on-investment (ROI).

 

These services include customized software and app development, and services Including IT consulting, among others.

 

Devices in the IT market include PCs, Tablets, Data centre systems, and printers, among others. The United States is a leading region in technology.

 

As companies expand to other regions, they would need more devices to support the work, which will further grow the United States IT spending.

 

Communication Services include services and applications that help companies in inter- organisation communication. The types of communication services include voice, data, and video, among others.

 

This is crucial to maintain proper workflow and communication with clients and between firms. The small and medium sized utilise these services to communicate with clients and manage workflow.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Types
  • Company Size
Breakup by Types
  • Data Centre Systems
  • Enterprise Software
  • Devices
  • Communications Services
Breakup by Company Size
  • Total Spending by Company Having Less Than 300 Employees
  • Total Spending by Company Having 300-2000 Employees
  • Total Spending by Company Having More Than 2000 Employees
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    United States IT Spending Market Analysis

    8.1    Key Industry Highlights
    8.2    United States IT Spending Historical Market (2018-2022) 
    8.3    United States IT Spending Market Forecast (2023-2028)
    8.4    United States IT Spending Market by Types
        8.4.1    Data Centre Systems
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            8.4.1.4    Breakup by Company Size
                8.4.1.4.1    Total Spending by Company Having Less Than 300 Employees
                8.4.1.4.2    Total Spending by Company Having 300-2000 Employees
                8.4.1.4.3    Total Spending by Company Having More Than 2000 Employees
        8.4.2    Enterprise Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Enterprise Software (Managed and Locally Hosted)
                    8.4.2.4.1.1    ERP
                    8.4.2.4.1.2    HRMIS
                    8.4.2.4.1.3    Accounting
                    8.4.2.4.1.4    CRM
                    8.4.2.4.1.5    Desktop Applications with Enterprise License
                    8.4.2.4.1.6    OS with Enterprise License
                    8.4.2.4.1.7    Others
                8.4.2.4.2    Enterprise IT Services
                    8.4.2.4.2.1    Customized Software and App development
                    8.4.2.4.2.2    Services Including IT consulting
                    8.4.2.4.2.3    Others
            8.4.2.5    Breakup by Company Size
                8.4.2.5.1    Total Spending by Company Having Less Than 300 Employees
                8.4.2.5.2    Total Spending by Company Having 300-2000 Employees
                8.4.2.5.3    Total Spending by Company Having More Than 2000 Employees
        8.4.3    Devices
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
            8.4.3.4    Breakup by Company Size
                8.4.3.4.1    Total Spending by Company Having Less Than 300 Employees
                8.4.3.4.2    Total Spending by Company Having 300-2000 Employees
                8.4.3.4.3    Total Spending by Company Having More Than 2000 Employees
        8.4.4    Communications Services
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
            8.4.4.4    Breakup by Company Size
                8.4.4.4.1    Total Spending by Company Having Less Than 300 Employees
                8.4.4.4.2    Total Spending by Company Having 300-2000 Employees
                8.4.4.4.3    Total Spending by Company Having More Than 2000 Employees
    8.5    United States IT Spending Market by Company Size
        8.5.1    Total Spending by Company Having Less Than 300 Employees
        8.5.2    Total Spending by Company Having 300-2000 Employees
        8.5.3    Total Spending by Company Having More Than 2000 Employees
    8.6    United States IT Spending Market by Region
        8.6.1    Market Share
            8.6.1.1    New England
            8.6.1.2    Mideast
            8.6.1.3    Great Lakes
            8.6.1.4    Plains
            8.6.1.5    Southeast
            8.6.1.6    Southwest
            8.6.1.7    Rocky Mountain
            8.6.1.8    Far West
9    Regional Analysis
 
   9.1    New England
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
    9.2    Mideast
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
    9.3    Great Lakes
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
    9.4    Plains
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
    9.5    Southeast
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
    9.6    Southwest
        9.6.1    Historical Trend (2018-2022)
        9.6.2    Forecast Trend (2023-2028)
    9.7    Rocky Mountain
        9.7.1    Historical Trend (2018-2022)
        9.7.2    Forecast Trend (2023-2028)
    9.8    Far West
        9.8.1    Historical Trend (2018-2022)
        9.8.2    Forecast Trend (2023-2028)
 10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Key Trends and Developments in the Market


List of Figures and Tables

1.    United States IT Spending Market: Key Industry Highlights, 2018 and 2028
2.    United States IT Spending Historical Market: Breakup by Type (USD Trillion), 2018-2022
3.    United States IT Spending Market Forecast: Breakup by Type (USD Trillion), 2023-2028
4.    United States IT Spending Historical Market: Breakup by Company Size (USD Trillion), 2018-2022
5.    United States IT Spending Market Forecast: Breakup by Company Size (USD Trillion), 2023-2028
6.    United States IT Spending Historical Market: Breakup by Region (USD Trillion), 2018-2022
7.    United States IT Spending Market Forecast: Breakup by Region (USD Trillion), 2023-2028

Key Questions Answered in the Report

In 2021, the market attained a total of USD 1.97 trillion spending on information and business technology in United States.

Rapid technological development, expanding companies, and changing business model are the major industry drivers.

Collaborating with companies of emerging nations and upgrading current technology to adapt with the changing market are the currently followed trends in the market.

Data centre systems, enterprise software, devices, and communications services are the types in the market.


The company sizes in the market include less than 300 employees, 300-2000 employees, and more than 2000 employees.

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