In today’s fast-paced digital environment, having a robust IT infrastructure is not just beneficial; it’s crucial. With technological advancements at every turn, businesses need to continuously adapt and evolve. In this comprehensive list, we’ve compiled 100 key statistics that highlight the transformative power of IT in today’s digital landscape. From Artificial Intelligence (AI) and the Internet of Things (IoT) to cybersecurity and cloud services, we uncover the pivotal role of IT in shaping our future.
Let’s dive into the world of statistics!
1. Cybersecurity & Data Protection:
Statistics related to the prevalence of cyberattacks, the cost of data breaches, and the importance of cybersecurity measures.
- The average cost of a data breach is $3.86 million, as per IBM’s Cost of a Data Breach Report 2020.
- The global cybersecurity market is expected to reach $248.26 billion by 2023.
- Ransomware attacks are estimated to cost businesses $20 billion annually by 2021.
- Phishing attacks account for more than 80% of reported security incidents.
- The use of malware in cyberattacks increased by 358% in 2020.
- In 2020, the number of records exposed in data breaches exceeded 37 billion, a 141% increase from the previous year.
- 95% of cybersecurity breaches are due to human error.
- Cybercrime is expected to inflict damages totaling $6 trillion globally in 2021.
- On average, it takes 280 days to identify and contain a data breach.
- The most expensive component of a cyberattack is information loss, which costs an average of $5.9 million per breach.
- 43% of cyberattacks target small businesses.
- The global damage costs due to ransomware are expected to reach $20 billion in 2021.
- Cybersecurity Ventures predicts that there will be a ransomware attack on businesses every 11 seconds by 2021.
- The global cost of online crime is expected to hit $6 trillion annually by 2021.
- It’s estimated that the cybersecurity market will grow to $170.4 billion by 2022.
- The average time to identify a breach in 2020 was 207 days.
- Data breaches exposed 36 billion records in the first half of 2020.
- Cyberattacks have increased by 300% since the beginning of the COVID-19 pandemic.
- There’s an expected annual growth of 12.5% in the cybersecurity market from 2020 to 2025.
- The Internet of Things (IoT) will comprise more than 25 billion connected devices by 2025, increasing the potential attack surface for cybercriminals.
2. Cloud Computing & Virtualization:
Data on cloud adoption rates, the benefits of cloud computing, and statistics on virtualization technology.
- The global cloud computing market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.5%.
- 90% of companies are on the cloud.
- The public cloud service market is expected to reach $623.3 billion by 2023 worldwide.
- The worldwide end-user spending on public cloud services is forecast to grow 18.4% in 2021 to total $304.9 billion, up from $257.5 billion in 2020.
- Infrastructure as a service (IaaS) will be the fastest-growing market segment in 2021, expected to reach $64.3 billion.
- Platform as a Service (PaaS) is expected to be the second fastest-growing market segment in 2021, expected to reach $72.0 billion.
- The adoption of cloud services has grown at a rate of 19.63% from 2016 to 2020.
- By 2022, up to 60% of organizations will use an external service provider’s cloud managed service offering.
- 94% of enterprises already use a cloud service.
- The average employee uses 36 cloud services at work.
- 30% of all IT budgets are allocated to cloud computing.
- 50% of organizations using cloud services plan to increase their spending in the next 12 months.
- By 2025, 80% of enterprises will migrate away from on-premises data centers with the current trend.
- Virtualization helps reduce energy costs by up to 80%.
- 75% of organizations have a virtualization rate of 10% or more.
- The server virtualization market is expected to grow to $8 billion by 2023.
- The global desktop virtualization market is expected to reach $15.3 billion by 2026.
- 40% of organizations aim to achieve full data center virtualization.
- Virtualized data centers currently support 75% of cloud services.
- The integration of virtual machines in cloud computing can reduce capital expenses by 50%.
3. Artificial Intelligence & Machine Learning:
Statistics that show the growth of AI and machine learning, their applications in different industries, and their impact on business processes.
- The global artificial intelligence (AI) market is expected to reach $190.61 billion by 2025, growing at a CAGR of 36.62%.
- The AI industry will be generating $118 billion in revenue by 2025.
- Machine learning will be a $9 billion market by 2022.
- The machine learning market is expected to grow from $1.41 billion in 2017 to $8.81 billion in 2022, at a CAGR of 44.1%.
- 40% of businesses plan to deploy artificial intelligence solutions by 2021.
- The use of AI in cybersecurity is expected to create a market worth $38.2 billion by 2026.
- 37% of businesses and organizations have implemented AI in some form.
- 75% of business executives say AI will be actively implemented in their companies within the next three years.
- AI can improve business productivity by up to 40%.
- 80% of tech and business leaders consider AI to be a strategic priority.
- The use of AI in customer service can reduce customer service costs by up to 30%.
- AI technologies can help companies increase their leads by up to 50%.
- AI can reduce business costs by up to 40%.
- The adoption of AI technology can increase business revenue by up to 50%.
- AI has the potential to add $15.7 trillion to the global economy by 2030.
- The AI software market will contribute $58.3 billion to the global economy by 2021.
- AI-powered voice assistants are expected to reach 8 billion units by 2023.
- 44% of organizations believe that AI and machine learning can help detect and deter security intrusions.
- 30% of organizations are planning to incorporate AI into their cybersecurity strategy in the next two years.
- AI in cybersecurity is projected to reach a market size of $38.2 billion by 2026.
4. Network & Infrastructure:
Data on the importance of a reliable network infrastructure, the growth of the Internet of Things (IoT), and statistics on network performance and downtime.
- The Internet of Things (IoT) market is expected to reach $1.1 trillion in revenue by 2025.
- By 2025, there will be 41.6 billion connected IoT devices generating 79.4 zettabytes of data.
- The 5G technology market is projected to be $667.90 billion by 2026.
- 5G networks will cover 40% of the world by 2024, handling 25% of all mobile traffic data.
- The global edge computing market is expected to reach $43.4 billion by 2027.
- The global data center networking market is projected to reach $40.9 billion by 2025.
- Network downtime costs businesses an average of $5,600 per minute.
- The cost of network downtime for enterprises is between $301,000 and $400,000 per hour on average.
- By 2022, more than 1 billion people worldwide will have access to 5G coverage.
- The global network automation market is expected to reach $16.89 billion by 2025.
- The global SD-WAN (Software-Defined Wide Area Network) market is expected to reach $43 billion by 2030.
- 60% of organizations report that network downtime has caused significant impacts on their business operations.
- The global Network as a Service (NaaS) market is expected to reach $21.7 billion by 2027.
- The global network security market is projected to reach $63.4 billion by 2023.
- The global network security appliance market is expected to reach $13.5 billion by 2024.
- The market for network security policy management is expected to reach $2.4 billion by 2024.
- The network function virtualization (NFV) market is expected to reach $122 billion by 2027.
- The global enterprise network equipment market is expected to reach $30.6 billion by 2025.
- 47% of businesses report that they have experienced downtime due to network issues.
- 83% of IT professionals say that a reliable network is more important than ever before.
5. IT Budgets & Spending:
Statistics on how much businesses are investing in IT, trends in IT spending, and the ROI of IT investments.
- Global IT spending is expected to reach $4.5 trillion in 2022.
- IT spending in the United States is projected to exceed $1.8 trillion in 2022.
- Global spending on cybersecurity is expected to reach $133.7 billion in 2022.
- The average cost of a data breach is $3.86 million as of 2020.
- The return on investment (ROI) for cybersecurity can be as high as 300%.
- The average cost of downtime is $5,600 per minute.
- 54% of companies say that IT spending has increased over the past year.
- The global market for IT services is expected to reach $1.2 trillion by 2025.
- The global cloud computing market is projected to reach $832.1 billion by 2025.
- The average IT budget for small and medium-sized businesses is $1.2 million.
- The global enterprise software market is expected to reach $500 billion by 2022.
- The global market for artificial intelligence is expected to reach $190.61 billion by 2025.
- 69% of businesses are increasing their cybersecurity budgets in 2022.
- The global market for machine learning is expected to reach $117.19 billion by 2027.
- The global IoT market is expected to reach $1.1 trillion in revenue by 2025.
- The global 5G technology market is projected to be $667.90 billion by 2026.
- The global edge computing market is expected to reach $43.4 billion by 2027.
- The global network security market is projected to reach $63.4 billion by 2023.
- The market for network security policy management is expected to reach $2.4 billion by 2024.
- The network function virtualization (NFV) market is expected to reach $122 billion by 2027.
6. Mobile Technology & Remote Work:
Data on the rise of mobile technology, the prevalence of remote work, and statistics on mobile security and productivity.
- The global mobile workforce is expected to reach 1.87 billion people by 2022.
- 70% of the workforce will be working remotely at least five days a month by 2025.
- Mobile devices will account for 80% of global internet usage by 2025.
- The global mobile application market is projected to reach $407.31 billion by 2026.
- The market for mobile security is expected to reach $5.5 billion by 2025.
- 75% of organizations allow employees to use their personal devices for work purposes.
- The average employee gains 240 hours of productivity per year by using mobile business apps.
- Mobile workers account for 60% of the total U.S. workforce.
- Remote work has increased by 159% since 2005.
- 61% of workers prefer to work remotely.
- The market for remote work technology is expected to reach $11.56 billion by 2027.
- The global video conferencing market is projected to reach $9.2 billion by 2027.
- 83% of workers rely on technology to collaborate with remote teams.
- The use of mobile collaboration tools has increased by 42% since 2019.
- The global market for virtual private networks (VPNs) is expected to reach $75.59 billion by 2027.
- The global mobile workforce management market is projected to reach $9.09 billion by 2026.
- 40% of U.S. employees work from home at least part of the time.
- The market for mobile device management is expected to reach $15.7 billion by 2025.
- 44% of companies use mobile apps for employee communication.
- The market for mobile workforce solutions is expected to reach $10.81 billion by 2026.
7. Emerging Technologies:
Statistics on emerging technologies like blockchain, virtual reality, and 5G, and their potential impact on business and society.
- The global blockchain market is projected to reach $39.7 billion by 2025.
- The 5G technology market is expected to grow at a CAGR of 73.61% from 2021 to 2027.
- The virtual reality market is expected to reach $20.9 billion by 2025.
- 84% of organizations believe that blockchain technology will eventually achieve mainstream adoption.
- 72% of business leaders believe 5G will be a business revolutionizer.
- The augmented reality market is projected to reach $72.7 billion by 2024.
- 90% of major automotive companies are investing in blockchain technology.
- The market for 5G infrastructure is expected to reach $47.6 billion by 2027.
- Blockchain technology is expected to reduce business costs by $120 billion annually within five years.
- 5G is expected to generate $13.2 trillion in global economic output by 2035.
- The global market for the Internet of Things (IoT) is expected to reach $1.39 trillion by 2026.
- 80% of executives believe 5G will have a significant impact on their industry.
- The market for blockchain in healthcare is projected to reach $5.61 billion by 2025.
- Virtual reality is expected to have a global economic impact of $15.6 billion by 2026.
- 65% of organizations are actively researching or piloting blockchain technology.
- The global market for artificial intelligence is projected to reach $190.61 billion by 2025.
- The market for 5G services is expected to reach $664.75 billion by 2028.
- The adoption of virtual reality in education is expected to grow by 59% between 2021 and 2027.
- The market for blockchain in the financial services industry is projected to reach $22.5 billion by 2026.
- The Internet of Things is expected to connect 125 billion devices by 2030.
Empower Your Business for the Digital Age
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