2025 will go down as the year of tremendous growth for the ITC market. Supplier revenue/user spending grew by 8% to $2 trillion and supplier net profit by 35$ to $359 billion. For the year to the end of September revenues grew by 7% to $7.9 trillion, while net profit increased by a massive 28% to $1.28 billion. In this post I’ll look at the major changes for offerings, countries and vendors. My Figure above shows the quarterly trends in supplier revenues and net profit in current dollar (i.e. using a different rate for local currencies against the $US in each quarter) and constant dollars (using Q3 2023 rates for all quarters).
Q3 2025 was a period in which spending on NAND chips (32%), servers (22%), hard disk drives ans IaaS/PaaS cloud services (both 21%) grew most. The lowest revenue growth was for PC (6%), tablet (3%) and storage system (1%) offerings; only computer peripherals saw a quarterly decline (-6%). My Figure above summarizes revenue growth for the quarter and annual period for the major ITC offerings.
At a country level (see my Figure above for the 8 strongest and 8 weakest spending) the falling currency values in Argentina and Turkey put them at the top for spending growth, while the continuation of its illegal war with Ukraine put Russia at the bottom. Spending growth measured in current dollars was strongest in Canada and Brazil (both 12%) and weakest in India, Germany (both 7%), Spain (6%) and China (1%).
The suppliers with the strongest revenue growth were Wistron (off the chart in my Figure above at 125%), Nintendo (93% on account of its new console), Chinese server supplier Inspur (66%) and AI GPU supplier Nvidia (62%). Artificial Intelligence continues to have a major impact on vendor success.
To complete the picture I show the suppliers with declining ITC revenues in my Figure above. In most cases this was due to organizational change (Western Digital dropping its SSD offerings, Atos selling its Advanced Computing division to the French government) or temporary billing issues (Supermicro for instance).
Information Technology and Communications research
