IT Services Market Forecast Report 2021: USD 478.39 Billion Market Growth Opportunity by 2025 | Technavio

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.

Technavio has announced its latest market research report titled IT Services Market by Service and Geography - Forecast and Analysis 2021-2025

  • 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

  • Market Drivers
    • The growing adoption of edge data centers is a key driving factor impacting the global IT services market growth.
    • The demand for edge data centers is growing owing to an increase in the adoption of cloud services and the generation of a considerable volume, veracity, variety, and velocity of data across enterprises. Google LLC (Google), Amazon.com Inc. (Amazon.com), Apple Inc. (Apple), and Facebook Inc. (Facebook) are some of the companies that are investing significantly in building their own data centers.
    • These companies are the clients of edge data center solution providers. As these companies must build their own data centers, they approach edge data center solution providers for power solutions, DCIM solutions, cooling systems, and security solutions, among others. Moreover, the growing adoption of edge data centers is significantly rising, and several startups are in the process of providing colocation services for the expansion of these centers. 
  • Market Challenges
    • 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.

To know about other drivers & challenges –Download a  sample now!

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!

Related Reports:

  • The data center colocation and managed hosting services market share is expected to rise to USD 138.61 billion by 2026, and the market’s growth momentum will accelerate at a CAGR of 13.35%.  Download a sample now!
  • The predictive analytics market share is expected to increase by USD 17.00 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 21.36%. Download a sample now!

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.

Table of Contents:

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

  • 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

  • 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

  • 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

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.

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