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Statistics On Technological Development

The document discusses statistics related to the growth of technology. It notes that the technology industry is one of the fastest growing sectors in the world, expected to exceed $5.3 trillion by 2022. It also discusses statistics showing growth in areas like cloud computing, online communication tools, e-commerce, AI, and emerging technologies. Mobile device usage and ownership are also increasing globally with nearly 15 billion devices in use in 2021.

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62 views5 pages

Statistics On Technological Development

The document discusses statistics related to the growth of technology. It notes that the technology industry is one of the fastest growing sectors in the world, expected to exceed $5.3 trillion by 2022. It also discusses statistics showing growth in areas like cloud computing, online communication tools, e-commerce, AI, and emerging technologies. Mobile device usage and ownership are also increasing globally with nearly 15 billion devices in use in 2021.

Uploaded by

DEMON LION
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Technology is most certainly continuing to grow at a steady rate, making

information technology one of the fastest growing sectors in the world.

• Workforce growth rates are expected to double those of other


industries, with some categories reaching 4-5 times the current rate
by 2030.
• Projections show the technology industry is set to exceed $5.3 trillion
in 2022.
• The U.S. tech industry is expected to have a CAGR of 5% through
2024.
• Cloud computing is expected to grow at CAGR of 17.5% by 2025.

Far from the siloed department of old, technology now rules the roost in the
business world. Here are some general technology statistics.

• Zippia reports that the tech industry makes up 35% of the total world
market.
• 90% of the world’s data was generated between 2019 and the present.
• There are more than 585,000 tech companies in the US.
• The Big Four (Amazon, Apple, Google and Facebook) are collectively
worth $4 trillion.
• 84% of businesses say that cybersecurity and resilience is a top
priority for 2022.

The world wide web has certainly changed the world and internet users spend a
good amount of time perusing, browsing, buying, engaging, and communicating
on the web.

• There are more than 5.1 billion active users on the internet, with Asia
comprising more than 50% of total internet traffic.
• 4.28 billion users access the web via mobile internet.
• There are 4.2 billion active users on social media platforms.
• More than 90% of Americans have internet access, with 77% reporting
broadband access at home

Businesses need to communicate, but with widespread access to the web,


companies are relying less on phones and more on digital forms of
communication.

• The VoIP market is forecast to reach $145 billion by 2024, according


to Statista.
• Android OS is expected to dominate the mobile VoIP market by the
year 2024.
• 90% of IT leaders planned to phase out on-premise phone systems in
2021.
• A forecast of $48.3 billion by 2023 is set for the unified
communications market.

• Global online sales are predicted to reach 22% of all retail sales in
2023.
• eCommerce sales will reach $6.54 trillion globally by 2023.
• Digital ad spending increased 49% in the first half of 2021.
• 48% of online shoppers go straight to a large ecommerce
marketplace for their purchases.
• CompTIA research shows that 71% of companies reported increased
usage of online marketplaces.

Technology continues to grow and be an integral part of our business landscape.

• Technology is responsible for driving more of the US economy than


any other profession aside from healthcare.
• Jobs in the tech industry are continually on the rise, reaching a new
high in Q4 of 2021.
• The top five categories for technology are
• Software
• Hardware
• Telecom
• IT and Business Services
• Emerging Tech
Technology is everywhere, even when we go mobile with our cell phones and
tablets. Here are some mobile technology statistics.

• Statisa shows nearly 15 billion mobile devices in use in 2021, a


number expected to reach 18.22 billion by 2025.
• On a global scale, the smartphone industry is expanding at a CAGR of
16.4%, according to Zippia.
• In the last decade, smartphone ownership has increased by 50% in
the US.
• Global tablet shipments are expected to hit 142 million by
2025, reports Statista.
• Wearable technology is expected to grow to global shipments of 489.1
million devices by 2023.

AI and machine learning are set for significant growth and expansion. In fact,
machine learning, deep learning and NLP (natural language processing) are the
three skills that are most in-demand skills on Monster.com.

• Artificial Intelligence is expected to contribute $15.7 trillion to the


economy by the year 2030.
• The global machine learning market is to grow to $152.24 billion in
2028 at a CAGR of 38.6%.
• 99Firms predicts that machine learning will power 8.4 billion voice
assistants by 2024.
• Genpact predicts that by 2025, firms who have adopted AI will be 10
times more efficient and have twice the market share than those who
haven’t.
• 60% of entrepreneurs believe that AI is currently the most promising
technology from an innovation standpoint.
• 91.6% of Fortune 1000 companies have plans to invest more in big
data and AI initiatives.

VR/AR was essential for helping companies during the pandemic when personal
transactions and purchasing was made impossible, helping to accelerate the rate
of adoption.

• Shopify reports a 94% higher conversion rate for retail customers


using AR/VR technology than those without.
• IBM reports that 40 % of small businesses and midsize organizations
are evaluating AR/VR, with Gartner estimating as many as 70%
looking to invest in 2022
Technology development is in constant flux, with new innovations emerging all
the time to support efficient operations and continuing advancements.

• Statista forecasts that emerging tech will experience a growth rate of


104% between 2018 and 2023.
• Investments into IoT (Internet of Things) is expected to grow by nearly
14% in 2022.
• Quantum computing is projected to reach $780 million by 2025.
• Statista predicts there will be 30.9 billion IoT devices by 2025.

While many companies are moving to some or all cloud-based solutions,


hardware is still essential for data center functionality. In fact, Business
Wire reports that hardware still accounts for the majority of IT budgets in
2022. Statista tells us that

• IT hardware accounted for $705.4 billion in spend for 2021.


• Data centres brought in $228.4 billion in 2021.
• Semiconductor sales reached $469.4 billion in 2021, despite global
shortages

40% of the world’s population has access to the internet.

The number of internet users has grown exponentially over the years.
According to Orleans Marketing, around 3.8 billion people are active internet
users. That means a whopping 40% of the global population uses the internet.

90% of the world’s data was generated within the past two years alone

Only 8.2% of households in the US-owned a computer in 1984

Ed Roberts dubbed the Altair 8800 a personal computer when it came out in
1975. However, many consider the Kenbak-1, introduced a few years prior, to
be the first PC.

In 1984, only 8.2% of households in the US-owned a personal computer, and


the World Wide Web had yet to be invented. By 2000, 54 million households
or 51% of US households had owned one or more computers.
Five billion people in the world own a mobile device.

In a recent study, Pew Research estimates that five billion people around the
world own a mobile device.

What’s more:

About 96% of Americans currently own some kind of cell phone. That number
is up from 35% in Pew’s first mobile ownership survey in 2011.

2.65 billion people in the world use social media.

Using social media is one of the most popular online activities. According to
the latest how fast is technology growing statistics, of the 7.7 billion people in
the world. Approximately 2.65 billion people used social media in 2018, a
number projected to reach 3.1 billion in 2021 #huge.

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