NEW YORK, June 13, 2022 /PRNewswire/ — The IT services market share is expected to increase by USD 478.39 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.27% as per the latest market report by Technavio. The IT service market is fragmented and the vendors are deploying growth strategies such as investing in R&D to advance their offerings and increase their consumer base to compete in the market. The market report also offers information on several market vendors, including Accenture Plc, Cognizant Technology Solutions Corp., DXC Technology Co., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Telefonaktiebolaget LM Ericsson, and Toshiba Corp. among others.
- Fujitsu Ltd. – The company offers IT infrastructure service which follows lean principles, green environmental best practices, and an industrialized approach to technical design.
- To know about all major vendor offerings –Download a sample now!
Get ready to achieve excellent business outcomes from this exclusive IT Services Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –
- What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
- What is the current trend taking place in the market space?
- Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
- What are market drivers, restraints, and challenges impacting demand & growth of the market?
- Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
The competitive scenario provided in the IT Services Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don’t wait, Make a strategic approach & boost your business goals with our IT Services Market Forecast Report – Buy Now!
IT Services Market 2021-2025: Scope
The IT services market report covers the following areas:
- IT Services Market Size
- IT Services Market Trends
- IT Services Market Industry Analysis
IT Services Market 2021-2025: Market Dynamics
To know about other drivers & challenges –Download a sample now!
- Risks involved in outsourcing will be a major challenging factor that will impact negatively the global IT services market growth.
- Outsourcing could result in a loss of control as the outsourced agency may make excessive demands and change business rules. Such actions are likely to lead to high levels of dissatisfaction among organizations. A few organizations may lose control over their financial and supply chain functions after outsourcing, as they may run the risk of not being able to operate independently and successfully. Outsourcing service providers need to communicate effectively with their clients to deliver the service required in a timely manner.
- Communication during the procurement contract tenure is required between clients and vendors to reduce outsourcing risks and build trust. Communication is also required at various stages of the IT service delivery system to avoid system failures and provide a backup and recovery facility. The above factors will hinder the market growth during the forecast period.
IT Services Market 2021-2025: Segmentation Analysis
- Service
- IT Consulting And Other Services
- Internet Services And Infrastructure
- Data Processing And Outsources Services
- Geography
- APAC
- North America
- Europe
- South America
- MEA
For elaborated information on segmentation –Download a sample now!
IT Consulting And Other Services
Internet Services And Infrastructure
Data Processing And Outsources Services
APAC
North America
Europe
South America
MEA
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Table of Contents:
IT Services Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 8.27%
Market growth 2021-2025
USD 478.39 billion
Market structure
Fragmented
YoY growth (%)
6.35
Performing market contribution
APAC at 40%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Accenture Plc, Cognizant Technology Solutions Corp., DXC Technology Co., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Telefonaktiebolaget LM Ericsson, and Toshiba Corp.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
3 Market Sizing
Exhibit 01: Parent market
Exhibit 02: Market characteristics
3.1 Market definition
Exhibit 03: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 04: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 – 2025
Exhibit 05: Global – Market size and forecast 2020 – 2025 ($ billion)
Exhibit 06: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
Exhibit 03: Offerings of vendors included in the market definition
Exhibit 04: Market segments
Exhibit 05: Global – Market size and forecast 2020 – 2025 ($ billion)
Exhibit 06: Global market: Year-over-year growth 2020 – 2025 (%)
4.1 Five forces summary
Exhibit 07: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 08: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 09: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 10: Threat of new entrants
4.5 Threat of substitutes
Exhibit 11: Threat of substitutes
4.6 Threat of rivalry
Exhibit 12: Threat of rivalry
4.7 Market condition
Exhibit 13: Market condition – Five forces 2020
5 Market Segmentation by Service
Exhibit 07: Five forces analysis 2020 & 2025
Exhibit 08: Bargaining power of buyers
Exhibit 09: Bargaining power of suppliers
Exhibit 10: Threat of new entrants
Exhibit 11: Threat of substitutes
Exhibit 12: Threat of rivalry
Exhibit 13: Market condition – Five forces 2020
5.1 Market segments
5.2 Comparison by Service
5.3 IT consulting and other services – Market size and forecast 2020-2025
Exhibit 16: IT consulting and other services – Market size and forecast 2020-2025 ($ billion)
Exhibit 17: IT consulting and other services – Year-over-year growth 2020-2025 (%)
5.4 Internet services and infrastructure – Market size and forecast 2020-2025
Exhibit 18: Internet services and infrastructure – Market size and forecast 2020-2025 ($ billion)
Exhibit 19: Internet services and infrastructure – Year-over-year growth 2020-2025 (%)
5.5 Data processing and outsources services – Market size and forecast 2020-2025
Exhibit 20: Data processing and outsources services – Market size and forecast 2020-2025 ($ billion)
Exhibit 21: Data processing and outsources services – Year-over-year growth 2020-2025 (%)
5.6 Market opportunity by Service
Exhibit 22: Market opportunity by Service
6 Customer Landscape
Exhibit 16: IT consulting and other services – Market size and forecast 2020-2025 ($ billion)
Exhibit 17: IT consulting and other services – Year-over-year growth 2020-2025 (%)
Exhibit 18: Internet services and infrastructure – Market size and forecast 2020-2025 ($ billion)
Exhibit 19: Internet services and infrastructure – Year-over-year growth 2020-2025 (%)
Exhibit 20: Data processing and outsources services – Market size and forecast 2020-2025 ($ billion)
Exhibit 21: Data processing and outsources services – Year-over-year growth 2020-2025 (%)
Exhibit 22: Market opportunity by Service
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 APAC – Market size and forecast 2020-2025
7.4 North America – Market size and forecast 2020-2025
7.5 Europe – Market size and forecast 2020-2025
7.6 South America – Market size and forecast 2020-2025
7.7 MEA – Market size and forecast 2020-2025
7.8 Key leading countries
7.9 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
9.3 Landscape disruption
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Accenture Plc
10.4 Cognizant Technology Solutions Corp.
10.5 DXC Technology Co.
10.6 Fujitsu Ltd.
10.7 Hewlett Packard Enterprise Co.
10.8 International Business Machines Corp.
10.9 Microsoft Corp.
10.10 Oracle Corp.
10.11 Telefonaktiebolaget LM Ericsson
10.12 Toshiba Corp.
11 Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
11.3 Research methodology
11.4 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/
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