Retail Technology: Trends & IT Market Size Report
Key Takeaways: Retail Industry technology spend is projected to reach $131.6 billion in the next 12 months. The United States is the largest market for
Tech companies face high stakes to keep pace with buyers’ shifting needs and preferences, leaving no margin for error. To understand what drives purchasing decisions, we analyzed our data to uncover the leading technology products in 22 job roles across seven departments. We’re excited to share our 2024 B2B Buyer Report. From Software Engineers to Marketing Managers, this report dissects which products are most used in each role, giving you unparalleled insights into buyer behavior.
Google Cloud reached $33.1 billion in revenue in 2023, gaining ground in the “Cloud Wars” with Amazon and Microsoft. Discover insights into the types of businesses deploying GCP, the rate of adoption, how much businesses are spending, and more in our latest report.
As more businesses migrate to the cloud, Microsoft Azure is locked in a heated competition with Amazon Web Services (AWS) and Google Cloud Platform (GCP) to capture market share. HG Insights collects data on nearly 350,000 businesses using Azure cloud computing solutions. In 2023, Microsoft’s Intelligent Cloud revenue grew to $96.2 billion — a 17.7% year-over-year increase from 2022. We wanted to provide an overview and share some insights into how this revenue is generated.
In this report, we provide a detailed overview of the Amazon Web Services (AWS) buyer landscape. HG Insights collects data on the 2.38 million businesses using AWS cloud computing solutions. In 2022, AWS hit $80.1 billion in revenue — a 29% increase from 2021. We wanted to take a deeper dive into the entire digital ecosystem of the market’s biggest cloud provider to see how this revenue is generated.
HG Insights has identified 2.5 million SMB and Mid-Market businesses buying software, fueling $780.5 billion in revenue in 2024. Discover insights into the SMB software market size, spend across key industries, and the top vendors and products. Read our latest market report today.
Key Takeaways: Retail Industry technology spend is projected to reach $131.6 billion in the next 12 months. The United States is the largest market for
Key Takeaways: The Telecommunications industry market size is projected to reach $57 billion in IT spend in the next 12 months. 38% of the Telecom
Key Takeaways: $291 billion in projected IT spend by the Insurance industry in the next 12 months. 49.8% of the Insurance market size for IT
Key Takeaways: $694.4 billion in projected IT spend by Financial Services organizations in the next 12 months 42% of the Financial Services market size for
Key Takeaways: The global CRM market size is projected to reach $41.7 billion in the next 12 months More than 38% of spending on CRM
Key Takeaways: $34.3 billion in projected revenue in the Human Capital Management (HCM) market over the next 12 months Nearly 45% of spending on HCM
Key Takeaways: The healthcare IT market size will reach $231.2 billion in the next 12 months 67% of the healthcare IT market size comes from
Key Takeaways: $59.7 billion in projected spend on Business Intelligence software in the next 12 months. 44% of spend on BI software comes from the
HG has been a strategy thought leader in technology intelligence for over a decade, developing solutions enabling global businesses to out-market, out-sell and outgrow their competition.
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