Dublin, Sept. 21, 2026 (GLOBE NEWSWIRE) -- "United States ICT - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)" has been added to ResearchAndMarkets.com's offering.
The United States ICT market is estimated to reach USD 1.61 trillion in 2026, rising from USD 1.50 trillion in 2025. The market is projected to expand to USD 2.29 trillion by 2031, registering a compound annual growth rate of 7.31% from 2026 to 2031. Growth is being supported by federal and state broadband funding, rapid 5G deployment, hybrid multi-cloud adoption, edge computing and rising demand for cybersecurity services.
Broadband Funding Expands the Digital Economy
Federal and state broadband programs are creating significant opportunities across the United States ICT market. The USD 42.45 billion Broadband Equity, Access, and Deployment program represents the largest broadband investment in U.S. history, with allocations approved for all 50 states, the District of Columbia and five U.S. territories. The program prioritizes infrastructure capable of delivering minimum download and upload speeds of 100 Mbps and 20 Mbps, respectively.
States are also supplementing federal investment with additional funding. California and Texas, for example, have committed billions of dollars to broadband expansion and related digital infrastructure. These initiatives are expected to increase demand for fiber networks, cloud connectivity, managed IT services, software platforms and edge infrastructure. Affordability provisions for lower-income households should also support sustained network adoption and help convert infrastructure expansion into recurring revenue for technology and communication service providers.
5G Deployment Supports Enterprise Digital Transformation
Rapid 5G network deployment remains another major driver of U.S. ICT market growth. Enterprise 5G connections reached approximately 176 million in the third quarter of 2024, while fixed wireless access represented a substantial share of new residential broadband additions.
Private 5G networks are enabling advanced applications across manufacturing, healthcare, logistics, transportation and large public venues. Businesses are using low-latency connectivity to support industrial automation, remote monitoring, connected devices and real-time data processing. As artificial intelligence workloads move closer to end users, 5G infrastructure will play an increasingly important role in supporting edge computing and time-sensitive AI applications.
Cybersecurity Skills Shortage Creates Challenges and Opportunities
The shortage of qualified cybersecurity professionals remains a significant constraint on digital transformation. Approximately 448,000 cybersecurity positions remain unfilled across the United States, limiting the ability of organizations to protect cloud environments, operational technology, connected devices and AI systems.
Although completions of cybersecurity-related degree programs have increased considerably during the past decade, demand continues to exceed supply. The shortage is contributing to higher labor costs and creating particular challenges for small and medium-sized enterprises. In response, organizations are increasing investment in security automation, workforce reskilling, managed security services, zero-trust architectures and continuous threat monitoring.
Additional factors influencing the United States ICT market include enterprise migration to hybrid multi-cloud environments, growing edge-computing requirements associated with Industry 4.0, and rising energy costs and sustainability pressures affecting data centers.
IT Services Maintain Market Leadership
IT services accounted for 37.65% of the United States ICT market in 2025, reflecting strong demand for cloud migration, cybersecurity, AI integration and managed services. Organizations continue to seek external expertise as they modernize legacy environments and address internal technology skills shortages.
IT security is forecast to record a 10.85% CAGR, making it one of the fastest-growing market categories through 2031. Demand is being driven by expanding attack surfaces, stricter governance requirements and increased adoption of cloud, AI and connected infrastructure.
IT software spending is benefiting from subscription-based delivery models and generative AI capabilities, while communication services are gaining from continued 5G and fixed wireless access adoption. Hardware demand remains influenced by cloud consolidation, although edge devices equipped with integrated security and AI acceleration capabilities are positioned for growth as industrial workloads expand.
Small and Medium-Sized Enterprises Drive Faster Growth
Large enterprises represented 62.45% of U.S. ICT spending in 2025, supported by multi-year investments in hybrid cloud, cybersecurity, network modernization and AI. However, small and medium-sized enterprises are projected to grow at a faster 9.62% CAGR.
Cloud-native enterprise software, low-code platforms, subscription cybersecurity and consumption-based pricing are lowering adoption barriers for smaller organizations. Broadband expansion and fixed wireless access are also extending high-speed connectivity into underserved and rural markets. Through 2031, these developments are expected to strengthen ICT adoption among smaller businesses and contribute to sustained expansion of the United States ICT market.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET LANDSCAPE
4.1 Market Overview
4.2 Market Drivers
4.2.1 Accelerated federal and state broadband funding
4.2.2 Rapid 5G network roll-out
4.2.3 Enterprise migration to hybrid multi-cloud
4.2.4 Edge-computing demand from Industry 4.0
4.2.5 Hyperscale data-center expansion in secondary U.S. metros
4.2.6 Surge in AI/ML GPU server spending
4.3 Market Restraints
4.3.1 Cyber-security talent shortage
4.3.2 Advanced-node semiconductor supply constraints
4.3.3 Patchwork state-level data-privacy legislation
4.3.4 Rising energy costs and sustainability pressure on data centers
4.4 Value / Supply-Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes
4.7.5 Intensity of Competitive Rivalry
5 MARKET SIZE and GROWTH FORECASTS (VALUE, USD)
5.1 By Type
5.1.1 IT Hardware
5.1.1.1 Computer Hardware
5.1.1.2 Networking Equipment
5.1.1.3 Peripherals
5.1.2 IT Software
5.1.3 IT Services
5.1.3.1 Managed Services
5.1.3.2 Business Process Services
5.1.3.3 Business Consulting Services
5.1.3.4 Cloud Services
5.1.4 IT Infrastructure / Data Centers
5.1.4.1 Colocation Data Centers
5.1.4.2 Storage
5.1.4.3 Servers
5.1.4.4 Compute
5.1.5 IT Security / Cyber-security
5.1.5.1 Application Security
5.1.5.2 Cloud Security
5.1.5.3 Data Security
5.1.5.4 Identity and Access Management
5.1.5.5 Infrastructure Protection
5.1.5.6 Integrated Risk Management
5.1.5.7 Network Security Equipment
5.1.5.8 Endpoint Security
5.1.6 Communication Services
5.2 By Enterprise Size
5.2.1 Small and Medium Enterprises
5.2.2 Large Enterprises
5.3 By Industry Vertical
5.3.1 BFSI
5.3.2 IT and Telecom
5.3.3 Government
5.3.4 Retail and E-commerce
5.3.5 Manufacturing
5.3.6 Energy and Utilities
5.3.7 Others
5.4 By Deployment Model
5.4.1 On-premises
5.4.2 Cloud-only
5.4.3 Hybrid
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share Analysis
6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
6.4.1 AT&T Inc.
6.4.2 Verizon Communications Inc.
6.4.3 Microsoft Corporation
6.4.4 International Business Machines Corporation
6.4.5 Amazon Web Services, Inc.
6.4.6 Alphabet Inc. (Google Cloud)
6.4.7 Oracle Corporation
6.4.8 Adobe Inc.
6.4.9 Dell Technologies Inc.
6.4.10 Cisco Systems, Inc.
6.4.11 T-Mobile US, Inc.
6.4.12 Comcast Corporation
6.4.13 Charter Communications, Inc.
6.4.14 Lumen Technologies, Inc.
6.4.15 Cognizant Technology Solutions Corp.
6.4.16 Wipro Limited
6.4.17 HCL Technologies Ltd.
6.4.18 Salesforce, Inc.
6.4.19 PayPal Holdings, Inc.
6.4.20 Capgemini SE
7 MARKET OPPORTUNITIES and FUTURE OUTLOOK
7.1 White-space and Unmet-Need Assessment
For more information about this report visit https://www.researchandmarkets.com/r/8wb9n
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