Most of our business and personal lives are rooted in our access to technology. From personal access to the web, alongside business platforms, third-party providers and apps, technology drives much of what we do on a daily basis—and there is only growth on the horizon. Here are some crucial statistics and technology facts you need to know.
How Fast Is Technology Growing Statistics
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. General Technology Statistics
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