The US ICT sector's output in 2023 stood at $3.03 trillion, reflecting consistent growth over the past decade. Since 2013, the sector has experienced fluctuations in year-on-year growth, peaking notably in 2021 with a 12.87% increase. The sector demonstrated robust growth with a CAGR of 5.79% over the past five years leading to 2023. The forecasted CAGR of 3.2% until 2028 highlights expected moderation in growth, projecting an output of $3.71 trillion by 2028.

Future trends to watch for:

Evolution in emerging technologies such as AI, machine learning, and quantum computing could drive further growth.
Increased focus on cybersecurity, as digital transformation accelerates across various sectors.
Continued expansion in 5G deployment, enhancing connectivity and enabling new applications.
Growing investments in sustainable and green ICT solutions.