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Governments around the world are investing in the creation of smart cities, as per The Business Research Company’s IT services market opportunities and strategies report.

The IT services market is expected to grow from $3.74 trillion in 2021 at a CAGR of 10.8% from 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%.

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Major players in the IT services market include Microsoft, Amazon.com Inc., International Business Machines Corporation, Dell Technologies Inc., Intel Corporation.

The adoption of mobile optimization has been increasing in the IT services market, as it allows people to connect with their peers and remain productive while traveling or unable to access a computer. As more and more companies across sectors and geographies are operating remotely, they find it convenient to operate critical parts of the businesses from their tablets or smartphones. An increasing number of IT service vendors had adopted a mobile-first mentality; this will help develop new solutions to meet the growing demand of the mobile IT services market. IT services focuses on increased mobile app personalization, improved response rate, and immersive mobile experiences. IT services companies should consider adopting mobile optimization as this will ensure that IT service providers could speed up the process of making important business decisions and enhance the ease of doing business remotely.

The Global IT Services Market Is Segmented:
By Type: Hardware Support Services (Computer And Peripherals Support Services, Storage And Servers Support Services, Networking Support Services, Other Hardware Support Services), Software And BPO Services (Software Services, BPO Services), Cloud Services (Infrastructure As A Service (IaaS), Platform As A Service (PaaS), Software As A Service (SaaS), Business Process As A Service (BPaaS))

By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)

By End-Use Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare Services, 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 is the largest region in the global IT services market.

TBRC’s IT Services Market Report Covers:

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 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough IT services market research, analyzes and forecasts IT services market size, IT services market share, IT services market players, IT services market trends, IT services market segmentation 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.

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.

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