According to the report by Expert Market Research (EMR), the global IT spending market attained a value of USD 4.02 trillion in 2025. Aided by the accelerating pace of digital transformation across industries and the growing reliance on advanced information technologies, the market is expected to witness steady growth over the forecast period. The industry is projected to grow at a CAGR of 3.50% between 2026 and 2035, reaching a value of around USD 5.67 trillion by 2035. 

IT spending broadly includes expenditures on hardware, software, IT services, and telecommunications. Organisations across sectors such as banking, healthcare, manufacturing, retail, and government are increasingly prioritising IT investments to enhance operational efficiency, improve customer experience, and remain competitive in an increasingly digital global economy.

IT Spending Market Trends

One of the prominent trends in the IT spending market is the continued shift from traditional on-premise infrastructure to cloud-based solutions. Enterprises are increasingly adopting public, private, and hybrid cloud models to achieve scalability, flexibility, and cost optimisation. As a result, spending on cloud services, software-as-a-service (SaaS), and platform-as-a-service (PaaS) solutions continues to rise.

Another key trend is the growing focus on cybersecurity. With the rise in cyber threats, data breaches, and regulatory compliance requirements, organisations are allocating higher budgets to security software, managed security services, and risk management solutions. Additionally, the integration of AI, machine learning, and data analytics into business processes is driving increased spending on advanced software and IT services that enable automation, predictive insights, and real-time decision-making.

Drivers of Growth

The primary driver of growth in the IT spending market is the rapid digitalisation of business operations. Companies are investing heavily in IT systems to support remote working, digital customer engagement, and data-driven strategies. The expansion of e-commerce, digital banking, telemedicine, and smart manufacturing has further amplified the need for robust IT infrastructure and services.

Moreover, the growing adoption of emerging technologies such as the Internet of Things (IoT), blockchain, and edge computing is contributing to sustained growth in IT expenditure. Governments and public sector organisations are also increasing IT spending to modernise legacy systems, enhance digital governance, and improve public service delivery. 

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IT Spending Market Forecast

Over the forecast period of 2026–2035, the global IT spending market is expected to grow steadily at a CAGR of 3.50%, reaching approximately USD 5.67 trillion by 2035. While growth remains moderate, sustained investments in digital transformation, cloud adoption, and cybersecurity are expected to ensure long-term stability and continued expansion of the market across both developed and emerging economies.