IT Professional Services Market Share Report, 2027


IT Services Market

IT Services Market is expected to reach USD 1221 billion by 2027, growing at a CAGR of 8.6% over the forecast period (2020-2027).

The factors driving the growth of IT Services Market includes integration of advanced technologies such as Artificial Intelligence and Internet of Things, rising demand for enhanced customer servicer experience and Cloud based IT Services. Moreover, the rising adoption of software-as-a-service, increasing investments by companies in advanced technologies such as Augmented Reality (AR) and Blockchain technology and huge amounts of data generated around the world, are some of the factors supplementing the Global IT Services Market size. As per IT Services Market Research, the increasing numbers of Cyber attacks across the globe, have boosted the demand for IT services, the data Statista shows that the number of cyber-crimes cases in Japan has significantly increased from 9,875 in 2020 to 12,209 in 2021. In addition, the competitive landscape in the Global IT Services Market, has pushed companies, to adopt cloud computing services to reduce their operational cost. The growing tech savvy population, rapid urbanization and increasing numbers of corporate offices, have significantly pushed the It Services Market Growth.

However, the growth of IT Services Market is hindered due to high cost associated with licensing and lack of standardization,

The major players operating in the market are Citrix Systems, Inc., Cisco Systems Inc, Dell Inc., TOSHIBA CORPORATION, Verizon, Infosys, Hewlett Packard Enterprise Development LP, Microsoft, IBM Corporation and Tata Consultancy Services Limited. Among other

Organization size – Segment Analysis

The IT Services Market Report predicts, the large enterprises segment to grow at a significant CAGR during the forecast period due to growing involvement of major Multinational Companies in BSFI and Telecommunication sector.

Deployment Type – Segment Analysis

According to IT Services Market Trends, the cloud-based segment is projected to lead the market during the forecast period attributed to its cost-effective features and it requires less hardware as compared to On-Premises segment.

Regional: Segment Analysis

As per IT Services Market Analysis, North America is estimated to grow at a steady CAGR during the forecast period. The growing adoption of smart technologies, proliferation of smart devices and the incorporation of managed services, are some of the factors augmenting the IT Services Market share in North American region.

Market Segmentation

Global IT Services Market by Service Type

  • Professional Services
  • Managed Services
  • Telecom Services

Global IT Services Market by Organization size

  • Small and Medium Businesses
  • Enterprises

Global IT Services Market by Deployment Type

  • On-Premises
  • Cloud

Global IT Services Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Location: United States

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to inv
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B
Read more