Authored By: Sarah
06 Sep 2021

IT Services Market | Discover Top Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025

Global it services market will post an incremental growth of $ 478.39 bn and progressing at a CAGR of  8.27% during the forecast period. Our research report segments the market into major segments and the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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IT Services Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The IT Services Market is segmented by Service (IT consulting and other services, Internet services and infrastructure, and Data processing and outsources services) and Geography (APAC, North America, Europe, South America, and MEA).
  • 40% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the IT Services Market size.

IT Services Market Size to Grow by $ 478.39 bn through 2021-2025 | Leading Segments and Market Trends

IT Services Market: Top Trends, Drivers, Challenges to drive Market Recovery

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • A significant factor in driving the growth of the IT Services Market will be the growing adoption of edge data centers.
  • Another factor that will boost the market will be the Need to adhere to regulatory guidelines and ensure compliance.
  • Risks involved in outsourcing is a challenge that needs to be overcome to persist on the path to growth and recovery from the impact of the pandemic.

IT Services Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • 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. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 8.27%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 478.39 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Growing adoption of edge data centers will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    40% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.

     
  7. What are the market segments covered in this report?
    The market is segmented by Service (IT consulting and other services, Internet services and infrastructure, and Data processing and outsources services) and Geography (APAC, North America, Europe, South America, and MEA)
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