IT Facts: 50 Industry Facts That You Didn't Know Were True

The IT industry is always developing, and with new technologies popping up daily it's difficult to keep up. Cloud computing has evolved into myriad "as-a-Service" models, with platforms, software, infrastructure, and applications at users' fingertips. That's why we've compiled a list of our 50 favorite IT facts - covering cloud computing, data recovery, and the industry itself. Find out which stats apply to your business, and explore tech predictions for the coming years. 

Here Are 50 IT Facts You Probably Haven't Heard Yet:

Advantages of Cloud Computing 

1. More than 90% of global enterprises will rely on hybrid cloud in 2022
2. Cloud computing is the #1 most in-demand hard skill according to LinkedIn
3. DropBox continues to be the largest cloud storage provider in the United States at 47%
    
4. Medium-sized businesses found it 40% more cost-effective to employ third-party cloud platforms
5. 48% of businesses plan to migrate to the cloud in 2022
6. On average, businesses use 2.6 public and 2.7 private clouds
7. 36% of enterprises spend more than $12 million per year on public clouds
8. 61% of organizations plan to optimize the existing use cloud and make it a top initiative
9. Three top public cloud providers are AWS, Azure, and Google
10. Cloud data centers processed 94% of all workloads in 2021
11. The cloud computing market is projected to reach $832.1 billion by 2025
12. By 2026, AI spending is predicted to increase to $309.6 billion
13. Enterprises invested an average of $3.5 million in cloud software in 2021
14. 30% of all IT budgets are allocated to cloud computing
    
    

Data Backup and Recovery

1. 88% of businesses believe that the public cloud will play a role in their future backup strategies
2. The remote desktop software market will reach $4.69 billion by 2027
3. 81% of all enterprises have a multi-cloud strategy
4. The most popular free cloud storage service is iCloud and Dropbox
5. The adoption of cloud services will increase the need for additional IT infrastructure
6. 84% of enterprises describe their IT infrastructure as "multi-cloud"
7. 80% of companies report  a positive impact of cloud technology within the first few months of adoption
8. 94% of businesses report significant improvements in online security after moving data into the cloud
9. Cloud computing SaaS market segment is predicted to reach $138.3 billion
10. By 2025, IT executives expect that 30% of business's workloads will reside in the cloud and 28% will be in the public cloud
11. 50% of all corporate data is kept in the cloud
12. 75% of businesses are concerned with cloud safety problems
13. Cloud misconfiguration is the main difficulty in terms of cloud security

Data Breach Prevention

1. The average cost of a data breach in the United States increased from $6.75 to $8.64 million from 2010 - 2020
2. 49% of businesses plan to replace their existing backup and disaster recovery systems with cloud backup within the next 3 years
3. Only 9% of companies think data protection modernization isn't an important initiative
4. As of 2021, only 54% of businesses had a disaster recovery plan in place for their organization
5. 73% of companies experienced system failures or outages at some point
6. 33% of business folders aren't protected in any way
7. 97% of data is recovered after a ransomware attack with proper data backup systems in place
8. The average cost of downtime is $5,600 per minute
9. 96% of businesses experienced an outage in a 3 year period
10. 28% of data breaches in 2020 involved malware
    
    

Iot Devices and Technology Trends

1. The IoT market is expected to reach $1.3 billion by 2026
2. Telecom services holds the largest share of the IT market at 26%, followed by devices and infrastructure at 23%, and software at 12%
3. The IT area that is predicted to have the largest growth is enterprise software sales
4. In 2021 there were over 10 billion active IoT devices
5. By 2025 there will be 152,200 IoT devices connecting to the internet per minute
6. By 2025, IoT solutions will generate around $4 - 11 trillion in economic value
7. The amount of data generated by IoT devices is expected to reach 73.1 Zettabytes (ZB) by 2025
8. 32% of internet users worldwide are 25-34 years
9. Chrome web browser is used by 65.9% of internet users worldwide
10. There are around 7 million blog posts published per day
11. The online advertising market is expected to reach $763.6 billion by 2025
12. 47% of internet users globally use some kind of ad-blocker
13. 30,000 websites are hacked every day