
High Tech (Software, Hardware, and IT services)
The high-tech industry drives innovation, connects people, and powers businesses. The global information technology market grew from USD 8,179.48 billion in 2022 to USD 8,852.41 billion in 2023, reflecting a compound annual growth rate (CAGR) of 8.2%. By 2027, it is expected to grow to USD 11,995.97 billion in 2027 at a CAGR of 7.9%. The industry is characterized by rapid advancements, with emerging technologies like artificial intelligence (ChatGPT, DALL-E), quantum computing (Google, IBM), and augmented reality (Metaverse) reshaping the landscape. At its core, high-tech companies develop, produce, and sell technological products or provide tech-centric services. Their influence spans across sectors, from healthcare to entertainment.