The world spent USD 8.5 trillion on IT devices in a decade, more than Germany and the UK's economies combined

Every year, consumers and businesses pour staggering amounts of money into IT devices-desktop PCs, laptops, tablets, mobile phones, and printers.

- Jastra Kranjec

While annual spending has fluctuated since 2021, the past three years have seen steady growth, pushing the market toward a record-breaking USD 810 billion in 2025. This massive figure will push the total spending over the past decade to shocking highs.

According to data presented by Techgaged.com, the world has spent a jaw-dropping USD 8.5 trillion on IT devices in a decade, surpassing the combined economies of Germany and the United Kingdom.

If IT device spending were a country, it would be the third-largest economy in the world

The surging popularity of artificial intelligence (AI) applications, IoT devices, and hybrid work models has fueled the need for high-performance devices, and this trend will only speed up in 2025.