The Telecommunication and Information Technology Industry has seen a major growth during the six-year period from 2017 to 2022. The industry has grown from $697,958 million to $1,136,645 million. The key technology segments of this industry include: Fiber Optic (Fiber to the home or building FTTH/B), SAAS, Cable, digital subscriber line (xDSL), portable PCs, higher education, infrastructure as a service (IAAS), and Pre K-12 and K-12. Additionally, in 2017 the following technologies represent relatively smaller percent of the total market (less than 2%): Desktop PCs, Fixed Wireless Access, Data Analytics, Business Process Applications, Platform as a Service (PaaS) etc.
In 2017, Fiber Optic (FTTH/B), SAAS, Cable, and xDSL represented the top four technologies with 29.9%, 12.1%, 11.8%, and 11.7%, respectively, of the total market.
Source: MarketLine
In the Americas, Asia Pacific, Europe, Middle East and Africa (MEA), the dominant technology was Cable (29.9%), Fiber Optic (FTTH/B) (60.3%), xDSL (31.41%) and Portable PCs (20.89%), respectively
Source: MarketLine
Between 2017 to 2022 the percent share of xDSL dropped from 11.68% in 2017 to 4.49% in 2022 and cable technologies dropped from 11.83% in 2017 to 8.49% in 2022). However, SaaS grew from 12.1% to 17.8 and PaaS doubled from 2.4% to 4.8%.
Source: MarketLine
By 2022, SaaS was the most dominant technology in Americas, Europe and MEA.
Source: MarketLine