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How much is the IT industry worth?

The information technology industry is one of the leading industries of the world and it has seen a boom unknown to any other industry in the last decade. In the current circumstances, all industries from travel to healthcare and banking to couriers are dependent on the IT industry. As of 2020, the IT industry is worth 5.2 trillion.


WHAT IS IT industry and how big it is?

IT industry is the amalgamation of a number of services and products we use in our everyday life. The IT industry encompasses all the services that communicate information. From an online store to your bank and from airlines to hospitals and even governments are dependent on the IT industry to work flawlessly. The IT industry has become a huge one in the last decade and it is currently worth as much as $5.2 trillion.


What are the current trends in IT industry?

The IT industry has seen phenomenal growth over the last decade or so and we have seen a number of shifting trends in this industry. The things currently in demand in the IT industry include:

  • Artificial Intelligence
  • Machine Learning
  • Robotic Process Automation or RPA
  • Edge Computing
  • Virtual Reality and Augmented Reality
  • Blockchain
  • Internet¬†of¬†Things (IoT)

Is the IT industry growing?

The IT industry is one of the very fast-growing industries right now. The trends inside the industry might have been different over all the years but the industry, as a whole, has always been growing. Current data shows that the IT industry is growing at a rate of 3.7% in 2020 and careful estimates have extrapolated that this rate of growth can increase to 5.2% in immediate future or it can fall to 1.8%.


How do you market an ICT service?

Having said that the ICT market is worth well above 5 trillion dollars, it is evident that if you step into the industry, you can make serious profits, or can you? More profit means more competition and the only way you can win the competition is by marketing your service/product effectively. In order to properly market an ICT service, make explanatory videos about it, make interactive ads that show animated data and information and go or affiliate marketing with the renowned influencers of your field.


How do I get customers for my service business?

The one simple answer to it is that you get them from the ads but it is not that simple. In order to get customers for your services business, giving an add is the first step. The next step is the conversion for which you need to make a landing page that no one can skip and channelize the visitors to become customers.