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Market Analysis and Insights: Global IT Services Market
IT services refers to the application of business and technical expertise to enable organizations in the creation, management and optimization of or access to information and business processes.
The IT services market can be segmented by the type of skills that are employed to deliver the service (design, build, run). There are also different categories of service: business process services, application services and infrastructure services.
If these services are outsourced, they are referred to as business process outsourcing (BPO), applications outsourcing (AO) and infrastructure outsourcing.
Due to the COVID-19 pandemic, the global IT Services market size is estimated to be worth US$ 1039340 million in 2022 and is forecast to a readjusted size of US$ 1381540 million by 2029 with a CAGR of 4.1% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Hardware Support Services accounting for % of the IT Services global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Enterprise segment is altered to an % CAGR throughout this forecast period.
The broader market for IT services is made up of several segments including outsourcing, managed services, security services, data management, and cloud computing. In this report, the market is segmented into Cloud Services (IT Outsourcing, Implementation, Consulting Services), Software & BPO Services and Hardware Support Services Types.
In 2019, North America dominated the IT services market with a market share of about 37%, followed by APAC and Europe. The strongest growing segment is cloud service segment, with the overall global cloud services market size topping nearly 700 billion U.S. dollars in 2019. Others include hardware Support Services and software and BPO services.
IBM is one of the world’s leading information technology professional and managed service providers worldwide. Some of the other leading IT service providers include Accenture, DXC, Fujitsu, AWS, TCS, etc.
It can be applied to enterprise, financial, government, healthcare & medical, and others.
Global IT Services Scope and Market Size
The global IT Services market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global IT Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.
Segment by Type
Hardware Support Services
Software and BPO Services
Cloud Services
Segment by Application
Enterprise
Financial
Government
Healthcare & Medical
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
IBM
Accenture
AWS
Fujitsu
NTT Data
DXC Technology
TCS
Cognizant
Capgemini
Atos
NEC
Infosys
Hitachi
HCL Tech
CGI
Wipro
SAIC
CTSI
BT Group
Chinasoft
Taiji
China Unicom
Teamsun Tech
DCITS
Capita
Xerox
DHC Software
Neusoft
IT services refers to the application of business and technical expertise to enable organizations in the creation, management and optimization of or access to information and business processes.
The IT services market can be segmented by the type of skills that are employed to deliver the service (design, build, run). There are also different categories of service: business process services, application services and infrastructure services.
If these services are outsourced, they are referred to as business process outsourcing (BPO), applications outsourcing (AO) and infrastructure outsourcing.
Due to the COVID-19 pandemic, the global IT Services market size is estimated to be worth US$ 1039340 million in 2022 and is forecast to a readjusted size of US$ 1381540 million by 2029 with a CAGR of 4.1% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Hardware Support Services accounting for % of the IT Services global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Enterprise segment is altered to an % CAGR throughout this forecast period.
The broader market for IT services is made up of several segments including outsourcing, managed services, security services, data management, and cloud computing. In this report, the market is segmented into Cloud Services (IT Outsourcing, Implementation, Consulting Services), Software & BPO Services and Hardware Support Services Types.
In 2019, North America dominated the IT services market with a market share of about 37%, followed by APAC and Europe. The strongest growing segment is cloud service segment, with the overall global cloud services market size topping nearly 700 billion U.S. dollars in 2019. Others include hardware Support Services and software and BPO services.
IBM is one of the world’s leading information technology professional and managed service providers worldwide. Some of the other leading IT service providers include Accenture, DXC, Fujitsu, AWS, TCS, etc.
It can be applied to enterprise, financial, government, healthcare & medical, and others.
Global IT Services Scope and Market Size
The global IT Services market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global IT Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.
Segment by Type
Hardware Support Services
Software and BPO Services
Cloud Services
Segment by Application
Enterprise
Financial
Government
Healthcare & Medical
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
IBM
Accenture
AWS
Fujitsu
NTT Data
DXC Technology
TCS
Cognizant
Capgemini
Atos
NEC
Infosys
Hitachi
HCL Tech
CGI
Wipro
SAIC
CTSI
BT Group
Chinasoft
Taiji
China Unicom
Teamsun Tech
DCITS
Capita
Xerox
DHC Software
Neusoft
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