--- title: What Happened in the IT Market in 2019 description: Overview of the major trends that occurred in information technology markets such as content delivery networks, IaaS and quantum cryptography. image: https://blog.bccresearch.com/hubfs/it-market-1.webp --- [![BCC Research Blog](https://blog.bccresearch.com/hs-fs/hubfs/bcc_blog-2022/blogs/BCC_Research_Blog.png?width=188&height=45&name=BCC_Research_Blog.png "BCC Research Blog")](https://www.bccresearch.com/) ** ![What Happened in the IT Market in 2019](https://blog.bccresearch.com/hubfs/it-market-1.webp "What Happened in the IT Market in 2019") # What Happened in the IT Market in 2019 ![](https://blog.bccresearch.com/hubfs/bcc_blog-2022/blogs/author.svg) [ Clara Mouawad](https://blog.bccresearch.com/author/clara-mouawad) ![date](https://blog.bccresearch.com/hubfs/bcc_blog-2022/blogs/date.svg) Oct 25, 2019 [Blog](https://blog.bccresearch.com/) ** [Digital World](https://blog.bccresearch.com/topic/digital-world) ** What Happened in the IT Market in 2019 A key component to companies being successful is the strategic use of information technology solutions. By harnessing technology ranging from artificial intelligence, content delivery networks and machine learning, businesses are able to create unique and relevant products and services. 2019 has seen some significant improvements in the fields within the industry. In our full report, [2019 Information Technology Research Review](https://www.bccresearch.com/market-research/information-technology/information-technology-research-review.html), we explore the markets within the information technology industry, including: - Global Content Delivery Network - Global Infrastructure as a Service - Global Quantum Cryptography As 2020 approaches, make sure you’re up to date on all the trends and developments that have occurred this past year. Below are some key highlights into the above markets, giving you updated data for your report or project. **Content Delivery Network** Content delivery networks are a group of edge servers that are spread across the globe. They are placed in strategic locations, allowing them to deliver content in an optimal, quick and safe manner. The content delivery networks also contain duplicate content, ensuring that clients receive their information. CDNs are used by a variety of industries and organizations, including online multi-player gaming companies, internet video services, insurance companies and more. - The global market for CDNs was valued at $9.1 billion in 2018 and is forecasted to reach $34.3 billion by 2024 growing at a CAGR of 24.5%. - The fastest growing solution segment in the CDN market is the data security and cloud storage segment, which is expected to grow at a CAGR of 29.6% by 2024. - The fastest growing application segment in the CDN market is the gaming sector, which is expected to grow at a CAGR of 28.7% and is projected to reach $6.6 billion by 2024. **Infrastructure as a Service (IaaS)** Cloud-based services enable organizations, from software developers to aerospace companies, to store data safely and on a continuous basis. They are also a cost-effective way to store a large amount of data. These services have increased the demand for big data analytics which in turn is creating new business avenues. Ultimately, this reduces the cost necessary to obtain the data, making it possible for larger amounts of businesses. - The global market for IaaS solutions implemented via public cloud environments across different industry verticals is estimated to grow at a CAGR of 25.7% and to reach $97.6 billion by 2023. - The SaaS segment is expected to grow at a CAGR of 22.3% to reach a market size of $30.7 billion in 2023. - The market for DRaaS and backup services is the fastest growing segment and is expected to grow at a CAGR of 37.8% to reach a market size of $ 8.7 billion in 2023. **Quantum Cryptography** Quantum encryption, also known as quantum cryptography, is a technology that secures private information by utilizing the laws of physics instead of mathematical algorithms. The ever-growing need for a way to share confidential information in this digitized age is the reason for the demand of encryption systems that can safeguard information from being obtained by unauthorized personnel. Quantum encryption utilizes a key-based encryption system. This means that a set of instructions are needed to decrypt data. The use of Quantum Key Distribution is becoming extremely popular in cryptographic applications. - The global quantum cryptography market is expected to reach $1.3 billion by 2024, registering a compound annual growth rate of 30.7%. North America presently holds the largest market share of the global market of quantum cryptography. - The growing attention towards response capabilities, building detection capabilities, properly managing business risks and regulating privacy are factors expected to drive the global security investment in 2019. [![DOWNLOAD FREE REPORT OVERVIEW](https://no-cache.hubspot.com/cta/default/308401/bf77f84d-30ab-4ea4-a29e-ab34e5172340.png)](https://cta-redirect.hubspot.com/cta/redirect/308401/bf77f84d-30ab-4ea4-a29e-ab34e5172340) ### Stay ahead of industry trends, build your market research strategy and more. ## Recent Posts ![Sweet Intelligence: How AI is Transforming the $180 Billion Confectionery Ingredients Game](https://blog.bccresearch.com/hs-fs/hubfs/AI-Generated%20Media/Images/Modern%20Confectionery%20Lab%20with%20AI%20Tech%20and%20Colorful%20Samples.png?quality=low&width=150&height=100&name=Modern%20Confectionery%20Lab%20with%20AI%20Tech%20and%20Colorful%20Samples.png) #### [Sweet Intelligence: How AI is Transforming the $180 Billion Confectionery Ingredients Game 1 min. read | Featured, food-and-beverage, artificial intelligence technology](https://blog.bccresearch.com/how-ai-is-transforming-the-180-billion-confectionery-ingredients-game) ![AI Is Quietly Revolutionizing How We Make the Foam That's Everywhere](https://blog.bccresearch.com/hs-fs/hubfs/AI-Generated%20Media/Images/Foam%20Lab%20with%20Robotic%20Arm%20and%20Data%20Analytics.png?quality=low&width=150&height=100&name=Foam%20Lab%20with%20Robotic%20Arm%20and%20Data%20Analytics.png) #### [AI Is Quietly Revolutionizing How We Make the Foam That's Everywhere 1 min. read | Semiconductor](https://blog.bccresearch.com/ai-is-quietly-revolutionizing-how-we-make-the-foam-thats-everywhere) ![Medical Plastics Meets AI: The Manufacturing Revolution Healthcare Didn't See Coming](https://blog.bccresearch.com/hs-fs/hubfs/AI-Generated%20Media/Images/Futuristic%20Manufacturing%20Facility%20with%20Robotic%20Arm%20and%20Holographic%20Interfaces.png?quality=low&width=150&height=100&name=Futuristic%20Manufacturing%20Facility%20with%20Robotic%20Arm%20and%20Holographic%20Interfaces.png) #### [Medical Plastics Meets AI: The Manufacturing Revolution Healthcare Didn't See Coming 1 min. read | medical devices](https://blog.bccresearch.com/medical-plastics-meets-ai) ![The $1 Million Monthly Problem That AI Is Finally Solving in Clinical Trials](https://blog.bccresearch.com/hs-fs/hubfs/AI-Generated%20Media/Images/AIDriven%20Clinical%20Research%20Hub%20with%20Dynamic%20Data%20Visualization.png?quality=low&width=150&height=100&name=AIDriven%20Clinical%20Research%20Hub%20with%20Dynamic%20Data%20Visualization.png) #### [The $1 Million Monthly Problem That AI Is Finally Solving in Clinical Trials 1 min. read | Featured, healthcare](https://blog.bccresearch.com/the-1-million-monthly-problem-that-ai-is-finally-solving-in-clinical-trials) ![Clara Mouawad](https://blog.bccresearch.com/hubfs/bcc_blog-2022/blogs/author.svg) ### Written By Clara Mouawad Clara Mouawad is the content writer at BCC Research. She contributes to our blog, social media, email marketing and more. ### Related Content [![The $726.7 Billion Digital World That's Hiding in Plain Sight](https://blog.bccresearch.com/hs-fs/hubfs/AI-Generated%20Media/Images/Futuristic%20Cityscape%20at%20Dusk%20with%20Neon%20Lights%20and%20Holographic%20Displays.png?quality=low&width=380&height=250&name=Futuristic%20Cityscape%20at%20Dusk%20with%20Neon%20Lights%20and%20Holographic%20Displays.png) ](https://blog.bccresearch.com/the-726.7-billion-digital-world-thats-hiding-in-plain-sight) [ 1 min. read | ](https://blog.bccresearch.com/the-726.7-billion-digital-world-thats-hiding-in-plain-sight)[Digital World](https://blog.bccresearch.com/topic/digital-world) #### [The $726.7 Billion Digital World That's Hiding in Plain Sight](https://blog.bccresearch.com/the-726.7-billion-digital-world-thats-hiding-in-plain-sight) Most people think the digital world is just smartphones and social media. They'r... [Read more ![Read More](https://blog.bccresearch.com/hs-fs/hubfs/bcc_blog-2022/blogs/read_more_arrow.png?width=12&height=12&name=read_more_arrow.png) ](https://blog.bccresearch.com/the-726.7-billion-digital-world-thats-hiding-in-plain-sight) [![How Antenna Tech is Fueling Growth in 5G, IoT, and Beyond](https://blog.bccresearch.com/hs-fs/hubfs/AI%20%26%20IoT%20Technology%20RR.jpg?quality=low&width=380&height=250&name=AI%20%26%20IoT%20Technology%20RR.jpg) ](https://blog.bccresearch.com/how-antenna-tech-is-fueling-growth-in-5g-iot-and-beyond) [ 1 min. read | ](https://blog.bccresearch.com/how-antenna-tech-is-fueling-growth-in-5g-iot-and-beyond)[Digital World](https://blog.bccresearch.com/topic/digital-world) #### [How Antenna Tech is Fueling Growth in 5G, IoT, and Beyond](https://blog.bccresearch.com/how-antenna-tech-is-fueling-growth-in-5g-iot-and-beyond) From smartphones to satellites, antennas play a vital role in enabling the seaml... [Read more ![Read More](https://blog.bccresearch.com/hs-fs/hubfs/bcc_blog-2022/blogs/read_more_arrow.png?width=12&height=12&name=read_more_arrow.png) ](https://blog.bccresearch.com/how-antenna-tech-is-fueling-growth-in-5g-iot-and-beyond) [![AI & IoT in 2024: Healthcare, Energy, and Industrial Market Insights](https://blog.bccresearch.com/hs-fs/hubfs/AI-in-Genomics-1.jpg?quality=low&width=380&height=250&name=AI-in-Genomics-1.jpg) ](https://blog.bccresearch.com/ai-iot-in-2024-healthcare-energy-and-industrial-market-insights) [ 3 min. read | ](https://blog.bccresearch.com/ai-iot-in-2024-healthcare-energy-and-industrial-market-insights)[Digital World](https://blog.bccresearch.com/topic/digital-world) #### [AI & IoT in 2024: Healthcare, Energy, and Industrial Market Insights](https://blog.bccresearch.com/ai-iot-in-2024-healthcare-energy-and-industrial-market-insights) Introduction Artificial Intelligence (AI) and the Internet of Things (IoT) are r... [Read more ![Read More](https://blog.bccresearch.com/hs-fs/hubfs/bcc_blog-2022/blogs/read_more_arrow.png?width=12&height=12&name=read_more_arrow.png) ](https://blog.bccresearch.com/ai-iot-in-2024-healthcare-energy-and-industrial-market-insights) ![Guiding smart decisions every step of the way](https://blog.bccresearch.com/hs-fs/hubfs/Blog_Images/workaholic-hand-typing-keyboard-dark-late-night-with-computer.webp?width=1366&height=378&name=workaholic-hand-typing-keyboard-dark-late-night-with-computer.webp) ## Guiding smart decisions every step of the way We are your trusted research partner, providing actionable insights and custom consulting across life sciences, advanced materials, and technology. Allow BCC Research to nurture your smartest business decisions today, tomorrow, and beyond. [ Contact Us ](https://www.bccresearch.com/aboutus/contactus) BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts assess growth opportunities, market sizing, technologies, applications, supply chains and companies with the singular goal of helping you make informed business decisions, free of noise and hype. ### Stay Informed #### Contact - [**781-489-7301](tel:7814897301) - [**info@bccresearch.com](mailto:info@bccresearch.com) © 2023 BCC Research [Privacy Policy](http://www.bccresearch.com/privacypolicy) |[Site Map](http://www.bccresearch.com/sitemap) #### Connect With Us [![BCC Research](https://blog.bccresearch.com/hs-fs/hubfs/BCCResearch%20-Feb2017/icon-linkedin-ftr.png?width=36&height=36&name=icon-linkedin-ftr.png) ](http://www.linkedin.com/company/bccresearch) [![BCC Research](https://blog.bccresearch.com/hs-fs/hubfs/BCCResearch%20-Feb2017/icon-email-ftr.png?width=36&height=36&name=icon-email-ftr.png) ](mailto:info@bccresearch.com) [![BCC Research](https://blog.bccresearch.com/hs-fs/hubfs/BCCResearch%20-Feb2017/icon-twitter-ftr.png?width=36&height=36&name=icon-twitter-ftr.png) ](https://twitter.com/bccresearch) [![BCC Research](https://blog.bccresearch.com/hs-fs/hubfs/bcc_blog-2022/blogs/youtube.png?width=36&height=36&name=youtube.png) ](https://www.youtube.com/user/bccresearch) ![money back guarantee](https://blog.bccresearch.com/hs-fs/hubfs/bcc_blog-2022/blogs/money-back.png?width=60&height=60&name=money-back.png) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Clara Mouawad", "url" : "https://blog.bccresearch.com/author/clara-mouawad" }, "dateModified" : "2023-07-25T05:37:40.573Z", "datePublished" : "2019-10-25T14:00:00.000Z", "headline" : "What Happened in the IT Market in 2019", "image" : [ "https://blog.bccresearch.com/hubfs/it-market-1.webp" ], "mainEntityOfPage" : { "@id" : "https://blog.bccresearch.com/what-happened-in-the-it-market-in-2019", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.bccresearch.com/hubfs/Logos/BCC-Logo-PSD-REMOVED-WHITE-BCC.png" }, "name" : "BCC Research LLC" } } ``` ```json { "@context" : "https://schema.org", "@type" : "VideoObject", "caption" : { "@type" : "MediaObject", "contentUrl" : "https://blog.bccresearch.com/media-transcripts/190303421741/en.vtt", "inLanguage" : "en", "name" : "en Captions" }, "contentUrl" : "https://stream.mux.com/0201Nd8ivxt9J3UKYsJPSf3t2LJxKX3JBJz1RX302efJ1M/capped-1080p.mp4", "dateModified" : "2026-03-26T22:01:23.609Z", "duration" : "PT1M47.134S", "height" : 1080, "name" : "Antennas_The_Future_of_Communication", "thumbnailUrl" : "https://api-na1.hubspot.com/filemanager/api/v3/files/thumbnail-redirect/190303421741?portalId=308401&size=medium", "uploadDate" : "2025-05-19T05:22:27.890Z", "width" : 1920 } ```