30+ Impressive IT Statistics to Know in 2023

Nowadays, the constantly transforming corporate landscape is all about staying competitive with digital innovation.

Information technology (IT) systems work better under pressure, and infrastructure projects come with high expectations. Experts believe that, despite the COVID-19 pandemic, IT employment will increase because companies will rely on IT specialists for operations in the future. 

If you want to learn how to improve IT within your company, begin by checking out these statistics – especially if you're unsure which enterprise IT management software to choose to manage these processes. Let's get started!

IT digital transformation statistics

Digital transformation has accelerated exponentially in today’s business environment. This becomes evident when you study digital transformation statistics, which reveal how the overall value of businesses has been preserved or even increased due to digitization.

• Direct digital transformation investments will grow at a 16.5% compound annual growth rate (CAGR) from 2022 to 2024, accounting for 55% of all information and communications technology (ICT) investments by the end of 2024. 

• 89% of organizations use multiple cloud providers for various reasons, such as complying with relevant regulations, accessing specific services, avoiding vendor lock-in, and hedging against outages. 
• It’s been predicted that by 2026, 54% of CIOs will drive business transformation. This will guide organizations through re-platforming using strategic technology roadmaps.

Information technology and budget statistics

During the pandemic, numerous businesses were forced to adapt their operations; some struggled, and others succeeded. With new technological advancements in work environments, the digital transition will be essential for modern enterprises.

• Global IT spending around the world is projected to increase around 4.66 trillion U.S dollars in 2023.

• 71% of CFOs believe their company's success depends on its digital transformation.

• More than 75% of the largest venture capital investments have gone to IT infrastructure and industry-focused enterprise software companies. 
• 86% of technology providers believe artificial intelligence (AI) is becoming critical for gaining market share and building customer loyalty.  
• Customers allocate roughly 60% of their AI/ML budgets to hyperscaler tools, with the remaining 25% going to multicolored ISV solutions. 
• 64% of respondents anticipate an uptick in their organization's software budget in 2023.
• Managed service spending will rise from 15% of IT budgets in 2020 to 18% in 2023.
• Even though 86% of respondents believe a recession is imminent, 51% plan to expand IT spending year-over-year. 
• The IT spend for VoIP has been estimated to be around $86.20 billion. 

IT career statistics

The IT industry includes a variety of fields related to computers and digital information. As leading companies across sectors encourage further adoption of digital technologies, IT professionals have become among the most in-demand members of today's workforce. The IT labor force will need to keep up with the demand in the coming years.

• Job growth in this field is projected to be 22.2% between 2020-2030.
• Between 14 and 80 million jobs in the United States are at risk of automation. 
• Active job openings fell across all industries, with companies closing 24% more positions than new job postings. 
• Between 2022 and 2032, the replacement rate for tech occupations is expected to average around 7% per year.

• Failures in critical skill creation and training efforts by IT industry leaders will prevent 65% of businesses from realizing the total value of data, automation, and cloud investments by 2024. 

Emerging technology statistics

Countless life-changing tech advancements have occurred in the last 10 years. The disruptive nature of technology continues to revolutionize the world. The rapid development and adoption of transformative technologies have forever altered human interaction.

• AI software has a market value of $34.9 billion and is estimated to grow at a 41% annual rate to $126 billion by 2025.
• 60% of platinum-level software as a service  (SaaS) offerings in security, desktop as a service (DaaS), and business operations will include bundled access to specialized SME teams by the end of 2024, helping to mitigate the impact of skills shortages. 
• By 2029, the global quantum computing market is expected to exceed $2.5 billion. 
• By 2025, the AI market will be worth $190 billion, with global spending on AI and cognitive systems exceeding $57 billion in 2023.
• The global augmented reality (AR) and virtual reality (VR) market will reach $209.2 billion by 2023, opening up employment possibilities in tech. 
• By 2025, there will be 30.9 billion IoT devices on the market. 
• By 2023, it’s anticipated that the worldwide edge computing industry will grow to $6.72 billion.

• By 2024, 5G networks are expected to cover 40% of the global population.
• It’s plausible that the data recovery and protection industry will grow at a rate greater than 9.7%. 
• By 2023, the big data industry is predicted to be worth up to $77 billion. 

Looking ahead to IT

Technology is advancing at a rapid pace, as you can see from these statistics. If you want to compete in an ever-evolving landscape, you must step up your game and keep an eye on emerging trends like artificial intelligence and immersive technologies. 

To use them successfully, you and your teams have a deeper understanding of these technologies and the current trends. Anyone looking forward to pursuing a successful career in the tech industry should do the same.

Want to learn more about skill development? Take a look at this article covering hard vs. soft skills and why it's important to master both!