The technology industry has been flourishing over the past two years, driven by the remote working environment, accelerating digital transformation, and emerging new and advanced technologies. International Data Corporation (IDC) says that the tech industry is expected to be valued at more than $5.30 trillion in 2022.
The global tech market is growing at a healthy clip, with significant growth in tech categories that include IT software, infrastructure, solutions, services, and other emerging technologies, including IoT, 5G, artificial intelligence (AI), virtual reality (VR), robotics, and autonomous systems. Despite looming interest rates increases, the tech industry is projected to maintain its growth trajectory over the long run, thanks to technology integration in virtually every industry worldwide.
