Companies Included: AT&T, Amazon, Verizon and Apple Inc., Telefonica S.A., Deutsche Telekom AG, Softbank Group Corp., Samsung, Microsoft, China Mobile Ltd.

The information technology (IT) industry deals with the application of computers, computer peripherals and telecommunications equipment to store, retrieve, transmit and maneuver data. It involves computer networking, broadcasting, systems design services and information distribution technologies like television and telephones.

Information technology is applied in every aspect of economies, government and society. It can be used in businesses, for communication including telecasting, for education, transportation, agriculture, mining, banking and advertising.

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The global information technology market has been growing in the past years with a CAGR of almost 5%. The year 2017 recorded high growth in this market with a net market value more than 18% higher than that of 2013, as per TBRC’s in-house consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the global information technology market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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Over the past five years, cloud software solutions have been gaining acceptance from companies across all industries. Cloud is a software delivery method where a vendor hosts a software application in a remote server and customers can access it through the internet. Cloud software solutions are widely used in customer relationship management (CRM), HR/payroll, project management and accounting software systems. For example, Hershey’s implemented IBM analytics SaaS tool to obtain customer insights and boost sales.

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Companies included in the report are AT&T, Amazon, Verizon and Apple Inc., Telefonica S.A., Deutsche Telekom AG, Softbank Group Corp., Samsung, Microsoft, and China Mobile Ltd.

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