The technology and telecommunications industry moves at a fast pace as it continues to innovate and excite. Technology devices and infrastructure are becoming smarter and more connected, supported by emerging technologies such as 5G and artificial intelligence (AI) in the Internet of Things (IoT). Digital transformation within businesses and the wider economy is being supported by advancements in IT service provision, notably the adoption of cloud and edge computing technologies.
The technology and telecommunications industry features several globally recognized players, including Apple, IBM, Intel, Microsoft, and SAP, as well as an array of telecommunications providers. Fierce competition exists between firms as they look to maintain their lead in the market, as well as continuing to develop innovative products and services. As a result, many of the leading companies in the technology and telecommunications industry are among the world’s largest and wealthiest companies.
The broader technology and telecommunications industry can be divided into six sub-industries: consumer electronics, hardware, household appliances, IT services, software, and telecommunications. Alongside these market segments, Statista also has a focus on key trends and emerging technologies such as 5G, AI, cloud, edge, IoT, and XR – technologies that are helping to drive innovation.
Statista provides information on spending within the overall technology and telecommunications industry and its market segments, both on a global and regional scale. Additionally, the financial metrics and market share of the major players within the relevant market segments are also covered, together with data on the application and usage of technology and telecommunications services.
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