The tech industry bore the brunt of the multi-decade-high inflation, the Fed’s hawkish stance, massive layoffs, and recessionary fears. However, with individuals and businesses increasing their tech investments and adopting advanced technologies, the tech industry is poised to witness significant growth in the foreseeable future.
The global information technology (IT) market is expected to reach $6.2 trillion by 2028 at a CAGR of 4.5% between 2022 and 2030. Furthermore, as per a research report by Market Research Future (MRFR), the marketing cloud platform market is expected to reach approximately $19.8 billion by the end of 2030, growing at a CAGR of over 8.9% during the period.
