Latest News- IT Outsourcing Market: Infrastructure outsourcing is expected to lead the Type segment during 2025-2029

The IT Outsourcing Market is being driven by Need to optimize business processes

The IT Outsourcing Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 139.1 million. In today's competitive business landscape, organizations are turning to IT outsourcing providers to manage and develop their IT application services. The increasing complexity of applications portfolios, escalating costs of in-house talent acquisition and retention, and the need to align IT services with evolving business objectives pose significant challenges. IT outsourcing providers respond by offering strategic application management solutions using established standards and continuous improvement techniques. They transform applications to meet dynamic business needs, enabling organizations to focus on their core competencies. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Infrastructure outsourcing
  • Application outsourcing
• Service
  • Software as a service
  • Infrastructure as a service
  • Platform as a service
• End-user
  • Large enterprises
  • SMEs
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Need to optimize business processes
• Need to adhere to regulatory guidelines and ensure compliance
• Rising popularity of SOA

However, the market also witnesses some limitations, which are as follows:

• Data privacy and security risks in cloud-based services
• Shortage of skilled IT professionals
• Lack of quality standards in SLAs

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Market Scope in IT Outsourcing Market Research Report

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Research Analysis Overview

The IT outsourcing market encompasses various services such as offshore software development, global IT services, IT security audits, server maintenance contracts, network bandwidth optimization, IT risk assessment, business continuity planning, application modernization, database performance tuning, enterprise mobility management, IT service catalog, project portfolio management, knowledge process outsourcing, endpoint security management, IT strategy consulting, cloud security architecture, agile software development, software quality assurance, data center consolidation, data loss prevention, IT talent acquisition, customer experience management, digital workplace solutions, remote desktop support, and software deployment automation. These services cover the entire application development lifecycle, from IT strategy to implementation and maintenance, ensuring optimal network and system performance, security, and user experience.

Market Research Overview

The IT outsourcing market encompasses various segments, including remote infrastructure management, cloud-based IT services, software development outsourcing, and cybersecurity threat mitigation. Within the broader IT services industry, the global market for IT consulting and other services is a significant sector. This market size is determined by the consolidated revenue of companies delivering all types of IT consulting and information management services. Key growth drivers for this market include increasing government investments in modernizing IT infrastructure to address skill gaps, as well as the ongoing demand for digital transformation initiatives.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/