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.

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