2. The US tech industry market is worth around $1.6 trillion.
As the most significant market globally, the US IT sector holds a 33% market share. Despite having the most significant share of the market, almost two-thirds (67%) of the technology spending is attributed to countries outside the States.
3. 34% of workers believe their jobs will be automated in the next three years.
Seeing their workplace change and adapt to the newest technology, workers aren’t oblivious of technology taking over jobs, but statistics show 78% of employees say they are ready to learn new skills if necessary. However, only 38% of them believe they have enough time to complete the training.
On the other hand—employers trust that only 45% of the workforce is able to adapt to the changes.
4. There were around 22 billion devices connected to the internet in 2019.
(Help Net Security)
The Internet of Things (IoT) now links millions of devices that were previously unconnected to the web.
The technology sector growth reports indicated that the number of internet-connected devices would hit 50 billion in 2020—however, it’s highly unlikely that was the case, as the newest report projects that number in 2030.
5. 72% of business executives believe artificial intelligence is going to be a business advantage to them in the future.
Due to the instability of the business world and the constant disruption, better management techniques are required that are more efficient than what we previously used.
While looking at the technology industry outlook in 2021, it is important to consider artificial intelligence, as it can help to make processes better optimized in organizations. Nearly three-quarters of business executives in the world agree with this.
6. Virtual Assistants can reduce costs for businesses by 78%.
Virtual assistants are more cost-effective—but also less stressful. Only 17% of assistants that work remotely have reported feeling stressed or anxious, compared to 37% of employees that work from cubicles.
7. 55% of chief marketing officers see artificial intelligence having a bigger effect on communications and marketing than social media.
More than half of the chief marketing officers of various companies rate AI above social media. These technology growth statistics were obtained by examining consumer attitudes and knowledge in Brazil, the US, Canada, the UK, and China.
It also shows that almost 60% of them say that companies will need to compete in the AI space to succeed in the next five years.
8. 82% of business executives believe AI has to potential to reduce paperwork.
There are a lot of repetitive tasks in the workplace that take up more time than they should. This is why information technology industry trends show that the application of AI in the business place can be advantageous. Additionally, about 79% of business executives see the potential of AI in reducing scheduling tasks.
9. 20% of Google searches in the application are voice searches.
Because of the several virtual assistants now available for people to use, voice searches are increasing. This has made people more conversational with technology and their inquiries. The technology industry statistics show 20 out of every 100 Google searches are made via voice searches.
10. 19% of people use Siri for voice searches daily.
This shows the frequency at which people use voice searches, and that number is poised to keep increasing. Additionally, these figures show that software industry growth is increasing, as 37% use Siri, 23% use Cortana AI from Microsoft, and 19% use Amazon Alexa AI at least monthly.
11. The export of US tech goods and services reached over $300 billion in 2020.
The import is close to reaching the milestone of $500 billion—in 2020, the US imported over $492 billion worth of tech goods and services.
The value of exports across all industries in 2020 was $2,131.9 billion, while the US imported $2,810.6 billion worth of goods and services in the same period.
12. 59% of technology investment in 2021 is driven by technology end of life.
Many factors influence the technology industry growth rates and push businesses to buy new software, services, or hardware, and the biggest one is the end of life. Other factors that affect technology investment are refresh cycles (52%), additional needs/growth (51), project needs (45%), end-user needs (44%), etc.
13. Data recovery and protection industry is projected to grow by more than 9.7%.
The software industry, which comprises of application and system software, will experience massive growth in the coming years. As the world moves towards cloud storage over other forms of storage, the storage software industry will increase by a whopping $15 billion.
Software industry growth also shows that data recovery and protection – a core field in the storage software market can increase by over 9.7%. So, it’s necessary for businesses to keep track of these changes to know how they can affect them.