Especially since the turn of the millennium, the IT industry has seen profound change. In one way or another, this shift has influenced all industries. This modification and evolution through time is evaluated by the research. This study examines both this impact and the change’s effect on stakeholders. It illustrates how the information sector in Turkey and the rest of the globe has been affected by this transformation and assesses the successful aspects of the countries that came to the forefront during the relevant periods in the information sector. It studies the effects of the evolution of the information sector on academic disciplines, with a focus on the management information systems discipline. The materials that constitute the source of our study were systematically and sequentially scanned, and a full literature analysis was conducted in order to answer the predetermined research questions. Historically, the IT industry has transformed through countries with a long history in the field, such as the United States of America, Germany, and Japan. After that, countries such as India, Israel, and Ireland achieved prominence in the industry as a result of their successful strategies throughout the years. Today, China, whose name was hardly mentioned in the industry during the 1990s, appears to be rising to prominence as a result of its determined policies in the information technology industry. In the constantly digitalizing world, numerous countries whose names were previously unknown in this field are beginning to emerge. Today, Turkey does not have the same proportion of young people as it did in the early 2000s. Turkey should adopt differentiated strategies in the information technology sector that are cognizant of the country’s dynamics.