Global IT Services Market Size, Forecasts, And Opportunities – Includes IT Services Market Analysis
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 IT services market size is expected to grow at a CAGR of 10.8% from $3.74 trillion in 2021 to reach $6.26 trillion in 2026. The global IT services market size is expected to reach $9.85 trillion in 2031, at a CAGR of 9.5%.
Governments around the world are investing in the creation of smart cities. This will act as a major driver of the growth of the IT services market going forward.
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IT services are technology functions that are offered with support and management. This allows customers to use information technology without managing complexities such as maintenance, security, scalability and resilience. IT services may be offered by internal teams or external partners. IT services offer software support services that are generally technical support or break/fix services that are delivered for specific software products.
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, Professional Services, Others
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 global IT services market, accounting for 32.9% of the total 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 functions and demands of their clients. Furthermore, some companies are even advancing technology by offering big data for real time predictive analysis. Companies such as Accenture offer predictive analytics using big data in their service delivery package to their customers.
TBRC’s IT Services Market Report Covers:
Major Market Players: Microsoft, Amazon.com Inc., International Business Machines Corporation, Dell Technologies Inc., Intel Corporation.
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 Market Report 2022 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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