United States ICT Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The United States ICT market is segmented by type (Hardware, Software, IT Services, and Telecommunication Services), by the size of the enterprise (Small and Medium Enterprise and Large Enterprises), by industry vertical (BFSI, IT and Telecom, Government, Retail and E-commerce, Manufacturing, and Energy and Utilities). The report provides the market sizes and forecasts in terms of value in USD.

United States ICT Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

US ICT Market Size

United States ICT Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 7.50 %
Market Concentration Low

Major Players

United States ICT Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of United States ICT Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

US ICT Market Analysis

The United States ICT Market is expected to register a CAGR of 7.5% during the forecast period.

  • The United States is the largest technology market in the world. Although information and communication technology (ICT) is present everywhere, it plays a significant role in the economic development of the United States. The ICT market in the United States was projected to represent approximately 35% of the world in 2022. Since the post-World War II industrial revolution, innovation has been a defining characteristic of the Unites States' competitiveness and has fueled the country's global dominance.
  • The computer and information technology and telecommunications industry in the United States has a reputation for developing dependable and efficient products that reach the market quickly. The United States market attracts the attention of numerous international corporations with its strict enforcement of intellectual property regulations. The software and tech services sectors account for over half the spending in the country's tech market. With a stable overseas market share, US businesses dominate the global packaged and custom software marketplaces and are competitive in all other market areas.
  • The "digital economy" concept refers to products and services that incorporate or are produced utilizing digital technologies. The information and communications technology (ICT) sector supports the digital economy and is a reliable barometer of the country's economic growth. In this digital era, the competitive advantage of the United States would be driven by innovation, entrepreneurial dynamism, information, and ICT production.
  • However, trade disputes have permeated the technology sector, with measures adopted by the Trump and Biden administrations to stop Chinese firms from purchasing American semiconductor manufacturing processes and machinery. The relationship between China and the United States continue to deteriorate, which could have a detrimental impact on global ICT/electronics supply chains and result in technological differences (such as the deployment of 5G) and reduced productivity.
  • Encouragingly, government investment in 2022 would devote a sizeable portion to improving information technology system innovation and cyber security. According to a GovConWire report, the federal government of the United States allocated about USD 58.44 million for the fiscal year 2022 to meet the information technology requirements of civilian federal government agencies. Cyber security investments take up a large portion of the US government's technology budget. The funding for cyber security in 2021 was nearly USD 18.78 billion.
  • The COVID-19 pandemic significantly impacted the US technology and telecommunication industry and other facets of daily life . The pandemic substantially harmed the country's technology industry, influencing the availability of raw materials, upsetting the electronics value chain, and increasing the danger of inflation for goods. The disruption accelerated remote work and shifted attention to quickly assessing and de-risking the entire value chain. A large portion of the US population were forced to spend constant time at home due to the pandemic, which increased remote jobs, telemedicine, online education, and streaming in-home entertainment. The high demand for mobile and residential broadband access bolstered the telecommunication sector.

US ICT Industry Overview

The US ICT market is highly fragmented due to the presence of many players. Several key players in the ICT market are in constant efforts to bring advancements. A few prominent companies enter collaborations and expand their footprints in developing regions to consolidate their positions. Tata Consultancy Services Limited, Microsoft Corporation, International Business Machines Corp., AT&T Inc., Verizon Communications Inc., and others are the major players in the market.

  • In July 2022, AT&T announced offering AT&T Fiber customers new, advanced security features. Customers of AT&T Fiber already have free access to AT&T ActiveArmorSM internet security features, including Weak Password Detection, Connected Device Monitoring, and Malicious Site Blocking, which automatically protects them from sites that are at risk of malware. For a nominal monthly fee, qualifying AT&T Fiber customers may also benefit from the new Advanced Privacy & Protection Features through the Smart Home Manager app.
  • In October 2022, Microsoft unveiled its innovative ideas for the next phase of Windows PCs, in which PCs and the cloud merge and take advantage of cutting-edge AI technologies to unfold new experiences. Thus, users can take part, be heard, seen, and creatively express themselves. Moreover, advancements at the start of this journey helped unlock creativity and potential for years, enabling new levels of productivity.

US ICT Market Leaders

  1. International Business Machines Corporation (IBM)

  2. AT&T Inc.

  3. Microsoft Corporation

  4. T-Mobile USA Inc.

  5. Google LLC

  6. *Disclaimer: Major Players sorted in no particular order
United States ICT Market Concentration
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US ICT Market News

  • In October 2022, IBM announced partnering with Sierra Space to develop the next generation of Software and Space Technology Platforms. The MOU describes the firms' ambitions to use IBM's technology to schedule Sierra Space astronauts' work and manages their workload using the company's data collection and analysis tools.
  • In September 2022, TMobile initiated an advanced industry solution. This is a collection of ready-to-use solutions for municipalities and retail, manufacturing, and logistics companies that come with all the connections, computing, devices, and applications required to make smart solutions more user-friendly and accessible.

US ICT Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Market Definition and Scope
  • 1.2 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Stakeholder Analysis
  • 4.3 Industry Attractiveness-Porter's Five Force Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Rapid Deployment of 5G Network across the Nation
    • 5.1.2 Global Leader in Technology Innovation
  • 5.2 Market Restrain
    • 5.2.1 Geo-political Tension
  • 5.3 Impact of COVID-19 on IT Spending

6. KEY TECHNOLOGY INVESTMENTS

  • 6.1 Cloud Technology
  • 6.2 Artificial Intelligence
  • 6.3 Cyber Security
  • 6.4 Digital Services

7. MARKET SEGMENTATION

  • 7.1 By Type
    • 7.1.1 Hardware
    • 7.1.2 Software
    • 7.1.3 IT Services
    • 7.1.4 Telecommunication Services
  • 7.2 By Size of Enterprise
    • 7.2.1 Small and Medium Enterprises
    • 7.2.2 Large Enterprises
  • 7.3 By Industry Vertical
    • 7.3.1 BFSI
    • 7.3.2 IT and Telecom
    • 7.3.3 Government
    • 7.3.4 Retail and E-commerce
    • 7.3.5 Manufacturing
    • 7.3.6 Energy and Utilities
    • 7.3.7 Other Industry Verticals

8. COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles
    • 8.1.1 International Business Machines Corp. (IBM)
    • 8.1.2 Microsoft Corporation
    • 8.1.3 Adobe Systems, Inc.
    • 8.1.4 Oracle Corp. (ORCL)
    • 8.1.5 Google
    • 8.1.6 Cognizant
    • 8.1.7 Wipro Limited
    • 8.1.8 HCL Technologies
    • 8.1.9 PayPal Holdings
    • 8.1.10 Capgemini SE
    • 8.1.11 AT&T Inc.
    • 8.1.12 Verizon Communications Inc.
    • 8.1.13 Comcast Corporation
    • 8.1.14 T-Mobile US, Inc.
    • 8.1.15 United States Cellular Corporation
    • 8.1.16 Charter Communications, Inc.
    • 8.1.17 Lumen Technologies, Inc.
    • 8.1.18 Cox Communications, Inc.
    • 8.1.19 Altice USA, Inc.
  • *List Not Exhaustive

9. INVESTMENT ANALYSIS

10. FUTURE OF THE MARKET

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US ICT Industry Segmentation

The United States ICT market is segmented by type (hardware, software, IT services, and telecommunication services), by the size of the enterprise (small and medium enterprise and large enterprises), by industry vertical (BFSI, IT and telecom, government, retail and e-commerce, manufacturing, and energy and utilities).

By Type Hardware
Software
IT Services
Telecommunication Services
By Size of Enterprise Small and Medium Enterprises
Large Enterprises
By Industry Vertical BFSI
IT and Telecom
Government
Retail and E-commerce
Manufacturing
Energy and Utilities
Other Industry Verticals
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US ICT Market Research FAQs

What is the current United States ICT Market size?

The United States ICT Market is projected to register a CAGR of 7.5% during the forecast period (2025-2030)

Who are the key players in United States ICT Market?

International Business Machines Corporation (IBM), AT&T Inc., Microsoft Corporation, T-Mobile USA Inc. and Google LLC are the major companies operating in the United States ICT Market.

What years does this United States ICT Market cover?

The report covers the United States ICT Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United States ICT Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

United States ICT Industry Report

Statistics for the 2025 United States ICT market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States ICT analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.