30 IT Statistics You Need To Know

If you've ever scrolled through tech news, you've likely noticed how numbers profoundly influence our comprehension of this ever-evolving field. From job growth to cybersecurity threats, statistics weave a compelling narrative about our past and future.

We’ll highlight the key statistics every tech enthusiast, professional, and inquisitive mind should be aware of. Whether you're a seasoned expert or just beginning your journey, these insights will empower you to navigate the information technology landscape confidently and clearly.

AI Influence and Performance

• By 2030, Artificial Intelligence is set to add an enormous $15.7 trillion to the world economy.
• A shift in the job market is predicted by 2025, with AI replacing 85 million jobs while creating 97 million new ones—a net addition of 12 million jobs. 
• The AI industry is on an upward spiral with a projected growth rate of 120% YoY.
• Over the upcoming decade, AI can potentially boost labor productivity growth by 1.5 percentage points. 
• Increased adoption and investment in AI have been observed the most in software development, marketing, and customer service.
• The manufacturing sector stands to gain the most from AI, with an expected profit of $3.8 trillion by 2035.
• 73% of firms still engage in time-consuming manual tasks such as data entry and validation in their planning and budgeting processes.
• The global business industry has seen a 65% adoption of AI primarily to minimize manual or repetitive workloads.
• A staggering 92% of supply chain executives confess to relying on instinctive decision-making due to the lack of predictive guidance in their reports, a feature facilitated by AI.
• AI-powered automation of manual tasks allows sales professionals to save about 2 hours and 15 minutes per day, thus dedicating more time to crucial tasks, a sentiment concurred by 78% in the field.

Managed IT Services

• The majority of global outsourcing contract values are attributed to IT services, accounting for approximately three-quarters of the total. 
• IT outsourcing is incredibly common among G2000 companies, with a usage rate of 92%. 
• 83% of IT leaders are contemplating outsourcing their security initiatives.
• Opting for Managed IT Services could slash in-house costs by as much as 40%.
• The global managed services market was valued at approximately $299.01 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 13.6% from 2023 to 2030.
• 55% of small and medium-sized businesses make use of Managed IT services.
• 57% of organizations see outsourcing as a means to fully concentrate on their core business functions.
• 1 out of every 323 emails sent to small businesses contains malicious content.
• Each week, 140,000 hard drives in the United States encounter data loss.
• In a survey conducted by CompTIA, it was found that half of the companies benefiting from Managed Service Providers (MSPs) reduced their annual IT expenses by 1-24%. Another 33% achieved savings ranging from 25-49%, with 13% enjoying savings exceeding 50%.
• Based on Kaspersky's Global Corporate IT Security Risks Survey, approximately 70% of companies intend to entrust their security to a Managed Service Provider (MSP) or Managed Security Service Provider (MSSP) within the upcoming 12 months.

Cybersecurity

• Small Businesses are the victims of 43% of Cyberattacks.
• 24% of customers may cease their association with a business following a security breach.
• Data crashes could cost $10,000 per hour for small businesses.
• Only 54% of US businesses with employee strength above 500 have a comprehensive disaster recovery plan. 
• A study conducted by the University of Maryland reveals that computers connected to the Internet face a hacker attack every 39 seconds.
• According to IBM, over 95 percent of cybersecurity incidents are attributable to human error.
• According to Turbotek, over half of the cyberattacks targeting SMBs result in costs exceeding $500,000. Furthermore, a staggering 83 percent of SMBs do not possess the financial resources necessary to address the aftermath of cyberattacks, according to the Maricopa Small Business Development Center.
• 62% of small and medium-sized businesses lack the internal expertise needed to manage cybersecurity effectively.
• Approximately 21% of company data folders lack any form of protection, leaving them accessible to anyone.

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