Learn about the global IT Services market through The Business Research Company, which provides information on IT services market size, IT services market drivers and restraints, IT services market players, the COVID-19 impact on the IT services market, and more.

The global IT services market s expected to grow from $3,471.35 billion in 2021 to $3,935.73 billion in 2022 at a compound annual growth rate (CAGR) of 13.4%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The information technology services market size is expected to reach $6,275.18 billion in 2026 at a CAGR of 12.4%.

The rise in outsourcing services is expected to drive the IT services market during the forecast period.

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The IT services market consists of sales of information technology services and related goods by entities (organizations, sole traders and partnerships) that apply technical expertise and knowledge to enable organizations to create, manage and optimize their IT processes.

Global IT Services Market Segments Include:

By Type: Hardware Support Services, Software and BPO Services, Cloud Services

By Organisation Size: Large Enterprises, Small and Medium Enterprises

By End-User Industry: Financial Services, Retail and Wholesale, Manufacturing, Healthcare, Others

By Service Provider Location: North America, Asia Pacific, Western Europe, Eastern Europe, Rest of the World

Subsegments Covered: Computer and Peripherals Support Services, Storage and Servers Support Services, Networking Support Services, Other Hardware Support Services, BPO Services, Software Services, Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Business Process as a Service (BPaaS)

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the information technology services market in 2021.

Data analytics is increasingly being used across all industries to find key information from raw data for better decision making. Data analytics examines large amounts of data to identify correlations and hidden patterns that may directly or indirectly affect business. Major companies across different industries are using data analytics tools. Data analytics tools are specific to the industry; and custom computer programming companies are offering customized data analytics tools based upon the functioning and demands of their clients.

TBRC’s IT services market report covers:

Major Market Players: Microsoft, Amazon.com Inc, International Business Machines Corporation, Nippon Telegraph And Telephone Corp, Dell Technologies Inc, Intel Corporation, SAP SE, TCS, and Cisco Systems, Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The IT Services Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides IT services market overviews, analyzes and forecasts market size, share, IT services market players, IT services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s IT services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Cloud Services Global Market Report 2022

Software And BPO Services Global Market Report 2022

Hardware Support Services Global Market Report 2022

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