Despite the rising interest rates, the ongoing Russia-Ukraine war, and the recessionary signals, most technology executives remain upbeat about the future of their companies. According to an Ernst & Young poll of technology leaders in October, 74% of leaders see opportunities for their organizations despite a recessionary environment.
The industry's growth is expected to be fueled by cloud computing, cybersecurity, edge computing, quantum, AR/VR (augmented reality/virtual reality), blockchain, and other advanced technologies. The global information technology market is expected to grow at a CAGR of 8.8% to $13.09 trillion in 2026.
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