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PUBLISHER: Grand View Research | PRODUCT CODE: 1511813
PUBLISHER: Grand View Research | PRODUCT CODE: 1511813
Europe IT Services Market Size, Share & Trends Analysis Report By Approach (Proactive, Reactive), By Type, By Technology, By Enterprise Size, By End-use, By Deployment, By Application, And Segment Forecasts, 2024 - 2030
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Europe IT Services Market Growth & Trends:
The Europe IT services market size is anticipated to reach USD 600.0 billion by 2030 and is projected to grow at a CAGR of 9.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing demand for IT infrastructure from small and medium enterprises (SMEs) is boosting market growth. Increasing demand for artificial intelligence and machine learning is poised to foster market growth over the forecast period.
Rapid digital transformation has led businesses to adopt new technologies like AI and machine learning to ease business operations. These technologies help in data management and use customer data acquired to improve application and end user experience. Retail brands in the region use customer data through applications to study consumer behavior and buying processes with the help of machine learning. Based on machine learning, brands can target specific products to the customers.
The growing importance of cybersecurity and data privacy drives demand for IT security services. With the proliferation of cyber threats and the increasing risk of data breaches, organizations prioritize investments in cybersecurity solutions and services to protect their sensitive information and mitigate risks. It includes services such as network security, endpoint security, threat intelligence, and security consulting, which help organizations strengthen their security posture, comply with regulatory requirements, and safeguard their digital assets.
Europe IT Services Market Report Highlights:
- Based on technology, the AI and machine learning segment held the market with the largest revenue share of 32.4% in 2023. The rise in data generation through the internet, social media, business operations, and IOT (Internet of Things) devices is driving the demand for AI and ML in the market
- Based on type, the operations and maintenance segment led the market with the largest revenue share of 63.9% in 2023. The growing demand for the maintenance of complex IT infrastructure is driving the segment's growth. Businesses are focusing more on core activities and outsourcing IT operations and data management
- Based on application, the application management segment led the market with the largest revenue share of 31.5% in 2023. This growth of these services is expected to expand due to their benefits, such as their capacity to reduce ownership costs, recognize and mitigate potential security risks, safeguard data, and enhance the performance of applications
- Based on the approach, the reactive IT segment held the market with the largest revenue share of 55.3% in 2023. The increasing possibility of potential risks, such as accidental data loss and cyberattacks on the organization's IT infrastructure, has increased demand for this approach
- Based on deployment, the on-premises segment led the market with the largest revenue share of 52.6% in 2023. With the ability to customize the IT infrastructure based on organizational use, the on-premises segment is increasing. On-premise deployment is preferred as it provides greater security to an organization's data
- Based on enterprise, the large enterprise segment held the market with the largest revenue share of 61.0% in 2023. The increasing adoption of cloud computing and data management solutions and services, owing to the growing need for digital transformation among businesses, is driving the demand for IT services in large enterprises
- Based on end-use, the IT & telecom segment led the market with the largest revenue share of 17.8% in 2023. IT sector companies rely on IT services for data management, cybersecurity, and infrastructure management to improve operational efficiency. Telecom companies need IT services to develop new products and services and maintain customer relationship management
- In February 2024, Tata Consultancy Services (TCS) partnered with Europ Assistance, a prominent global provider of assistance and travel insurance services. This collaboration is expected to enable Europ Assistance to expand its business capabilities, support its growing partnership network, and accelerate its time to market. Furthermore, the partnership will prioritize co-innovation, with TCS and Europe Assistance jointly exploring innovative use cases leveraging advanced technologies such as generative AI
Product Code: GVR-4-68040-297-6
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Approach
- 1.2.2. Type
- 1.2.3. Application
- 1.2.4. Technology
- 1.2.5. Deployment
- 1.2.6. Enterprise Size
- 1.2.7. End-use
- 1.2.8. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Information Procurement
- 1.4.2. Information or Data Analysis
- 1.4.3. Market Formulation & Data Visualization
- 1.4.4. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.5.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Approach Outlook
- 2.2.2. Type Outlook
- 2.2.3. Application Outlook
- 2.2.4. Technology Outlook
- 2.2.5. Deployment Outlook
- 2.2.6. Enterprise Size Outlook
- 2.2.7. End-use Outlook
- 2.3. Competitive Insights
Chapter 3. Europe IT Services Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Industry Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Drivers Analysis
- 3.4.2. Market Restraints Analysis
- 3.4.3. Industry Opportunities
- 3.4.4. Industry Challenges
- 3.5. Europe IT Services Market Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.1.1. Bargaining power of the suppliers
- 3.5.1.2. Bargaining power of the buyers
- 3.5.1.3. Threats of substitution
- 3.5.1.4. Threats from new entrants
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political landscape
- 3.5.2.2. Economic and Social landscape
- 3.5.2.3. Technological landscape
- 3.5.2.4. Environmental landscape
- 3.5.2.5. Legal landscape
- 3.5.1. Porter's Analysis
Chapter 4. Europe IT Services Market: Approach Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Europe IT Services Market: Approach Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Reactive IT Services
- 4.3.1. Reactive IT Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Proactive IT Services
- 4.4.1. Proactive IT Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Europe IT Services Market: Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Europe IT Services Market: Type Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Design & Implementation
- 5.3.1. Design & Implementation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Operation & Maintenance
- 5.4.1. Operation & Maintenance Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Europe IT Services Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Europe IT Services Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Systems & Network Management
- 6.3.1. Systems & Network Management Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Data Management
- 6.4.1. Data Management Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. Application Management
- 6.5.1. Application Management Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6. Security & Compliance Management
- 6.6.1. Security & Compliance Management Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.7. Others
- 6.7.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Europe IT Services Market: Technology Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Europe IT Services Market: Technology Movement Analysis, 2023 & 2030 (USD Million)
- 7.3. AI & Machine Learning
- 7.3.1. AI & Machine Learning Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4. Big Data Analytics
- 7.4.1. Big Data Analytics Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5. Threat Intelligence
- 7.5.1. Threat Intelligence Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6. Others
- 7.6.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Europe IT Services Market: Deployment Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Europe IT Services Market: Deployment Movement Analysis, 2023 & 2030 (USD Million)
- 8.3. On-Premise
- 8.3.1. On-Premise Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4. Cloud
- 8.4.1. Cloud Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 9. Europe IT Services Market: Enterprise Size Estimates & Trend Analysis
- 9.1. Segment Dashboard
- 9.2. Europe IT Services Market: Enterprise Size Movement Analysis, 2023 & 2030 (USD Million)
- 9.3. Large Enterprise
- 9.3.1. Large Enterprise Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 9.4. Small & Medium Enterprise
- 9.4.1. Small & Medium Enterprise Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 10. Europe IT Services Market: End-use Estimates & Trend Analysis
- 10.1. Segment Dashboard
- 10.2. Europe IT Services Market: End-use Movement Analysis, 2023 & 2030 (USD Million)
- 10.3. BFSI
- 10.3.1. BFSI Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 10.4. Government
- 10.4.1. Government Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 10.5. Healthcare
- 10.5.1. Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 10.6. Manufacturing
- 10.6.1. Manufacturing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 10.7. Media & Communications
- 10.7.1. Media & Communications Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 10.8. Retail
- 10.8.1. Retail Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 10.9. IT & Telecom
- 10.9.1. IT & Telecom Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 10.10. Others
- 10.10.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 11. Europe IT Services Market: Country Estimates & Trend Analysis
- 11.1. Europe IT Services Market Share, By Country, 2023 & 2030 (USD Million)
- 11.1.1. UK
- 11.1.1.1. UK Europe IT Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 11.1.2. Germany
- 11.1.2.1. Germany Europe IT Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 11.1.3. France
- 11.1.3.1. France Europe IT Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 11.1.1. UK
Chapter 12. Competitive Landscape
- 12.1. Recent Developments & Impact Analysis by Key Market Participants
- 12.2. Company Categorization
- 12.3. Company Market Positioning
- 12.4. Company Heat Map Analysis
- 12.5. Strategy Mapping
- 12.5.1. Expansion
- 12.5.2. Mergers & Acquisition
- 12.5.3. Partnerships & Collaborations
- 12.5.4. New Product Launches
- 12.5.5. Research And Development
- 12.6. Company Profiles
- 12.6.1. Oracle
- 12.6.1.1. Participant's Overview
- 12.6.1.2. Financial Performance
- 12.6.1.3. Product Benchmarking
- 12.6.1.4. Recent Developments/ Strategic Initiatives
- 12.6.2. Amazon Web Services, Inc.
- 12.6.2.1. Participant's Overview
- 12.6.2.2. Financial Performance
- 12.6.2.3. Product Benchmarking
- 12.6.2.4. Recent Developments/ Strategic Initiatives
- 12.6.3. SAP
- 12.6.3.1. Participant's Overview
- 12.6.3.2. Financial Performance
- 12.6.3.3. Product Benchmarking
- 12.6.3.4. Recent Developments/ Strategic Initiatives
- 12.6.4. Accenture
- 12.6.4.1. Participant's Overview
- 12.6.4.2. Financial Performance
- 12.6.4.3. Product Benchmarking
- 12.6.4.4. Recent Developments/ Strategic Initiatives
- 12.6.5. Capgemini
- 12.6.5.1. Participant's Overview
- 12.6.5.2. Financial Performance
- 12.6.5.3. Product Benchmarking
- 12.6.5.4. Recent Developments/ Strategic Initiatives
- 12.6.6. Huawei Cloud Computing Technologies Co. Ltd.
- 12.6.6.1. Participant's Overview
- 12.6.6.2. Financial Performance
- 12.6.6.3. Product Benchmarking
- 12.6.6.4. Recent Developments/ Strategic Initiatives
- 12.6.7. Cisco Systems, Inc.
- 12.6.7.1. Participant's Overview
- 12.6.7.2. Financial Performance
- 12.6.7.3. Product Benchmarking
- 12.6.7.4. Recent Developments/ Strategic Initiatives
- 12.6.8. Atos SE
- 12.6.8.1. Participant's Overview
- 12.6.8.2. Financial Performance
- 12.6.8.3. Product Benchmarking
- 12.6.8.4. Recent Developments/ Strategic Initiatives
- 12.6.1. Oracle
Product Code: GVR-4-68040-297-6
List of Tables
- Table 1 List of Abbreviation
- Table 2 Europe IT Services Market 2017 - 2030 (USD Million)
- Table 3 Europe IT Services Market Estimates and Forecasts by Country, 2017 - 2030 (USD Million)
- Table 4 Europe IT Services Market Estimates and Forecasts by Approach, 2017 - 2030 (USD Million)
- Table 5 Europe IT Services Market Estimates and Forecasts by Type, 2017 - 2030 (USD Million)
- Table 6 Europe IT Services Market Estimates and Forecasts by Application, 2017 - 2030 (USD Million)
- Table 7 Europe IT Services Market Estimates and Forecasts by Technology, 2017 - 2030 (USD Million)
- Table 8 Europe IT Services Market Estimates and Forecasts by Deployment, 2017 - 2030 (USD Million)
- Table 9 Europe IT Services Market Estimates and Forecasts by Enterprise Size, 2017 - 2030 (USD Million)
- Table 10 Europe IT Services Market Estimates and Forecasts by End-use, 2017 - 2030 (USD Million)
- Table 11 Germany Europe IT Services market, by Approach, 2017 - 2030 (USD Million)
- Table 12 Germany Europe IT Services market, by Type, 2017 - 2030 (USD Million)
- Table 13 Germany Europe IT Services market, by Application, 2017 - 2030 (USD Million)
- Table 14 Germany Europe IT Services market, by Technology, 2017 - 2030 (USD Million)
- Table 15 Germany Europe IT Services market, by Deployment, 2017 - 2030 (USD Million)
- Table 16 Germany Europe IT Services market, by Enterprise Size, 2017 - 2030 (USD Million)
- Table 17 Germany Europe IT Services market, by End-use, 2017 - 2030 (USD Million)
- Table 18 UK Europe IT Services market, by Approach, 2017 - 2030 (USD Million)
- Table 19 UK Europe IT Services market, by Type, 2017 - 2030 (USD Million)
- Table 20 UK Europe IT Services market, by Application, 2017 - 2030 (USD Million)
- Table 21 UK Europe IT Services market, by Technology, 2017 - 2030 (USD Million)
- Table 22 UK Europe IT Services market, by Deployment, 2017 - 2030 (USD Million)
- Table 23 UK Europe IT Services market, by Enterprise Size, 2017 - 2030 (USD Million)
- Table 24 UK Europe IT Services market, by End-use, 2017 - 2030 (USD Million)
- Table 25 France Europe IT Services market, by Approach, 2017 - 2030 (USD Million)
- Table 26 France Europe IT Services market, by Type, 2017 - 2030 (USD Million)
- Table 27 France Europe IT Services market, by Application, 2017 - 2030 (USD Million)
- Table 28 France Europe IT Services market, by Technology, 2017 - 2030 (USD Million)
- Table 29 France Europe IT Services market, by Deployment, 2017 - 2030 (USD Million)
- Table 30 France Europe IT Services market, by Enterprise Size, 2017 - 2030 (USD Million)
- Table 31 FranceEurope IT Services market, by End-use, 2017 - 2030 (USD Million)
List of Figures
- Fig. 1 Market Research Process
- Fig. 2 Europe IT Services Market Segmentation
- Fig. 3 Europe IT Services Market Technology Landscape
- Fig. 4 Information Procurement
- Fig. 5 Data Analysis Models
- Fig. 6 Market Formulation and Validation
- Fig. 7 Data Validating & Publishing
- Fig. 8 Market Snapshot
- Fig. 9 Segment Snapshot (1/2)
- Fig. 10 Segment Snapshot (2/2)
- Fig. 11 Competitive Landscape Snapshot
- Fig. 12 Europe IT Services Market: Industry Value Chain Analysis
- Fig. 13 Europe IT Services Market: Market Dynamics
- Fig. 14 Europe IT Services Market: PORTER's Analysis
- Fig. 15 Europe IT Services Market: PESTEL Analysis
- Fig. 16 Europe IT Services Market Share by Approach, 2023 & 2030 (USD Million)
- Fig. 17 Europe IT Services Market, by Approach: Market Share, 2023 & 2030
- Fig. 18 Reactive IT Services Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 19 Proactive IT Services Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 20 Europe IT Services Market Share by Type, 2023 & 2030 (USD Million)
- Fig. 21 Europe IT Services Market, by Type: Market Share, 2023 & 2030
- Fig. 22 Design & Implementation Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 23 Operation & Maintenance Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 24 Europe IT Services Market Share by Application, 2023 & 2030 (USD Million)
- Fig. 25 Europe IT Services Market, by Application: Market Share, 2023 & 2030
- Fig. 26 Systems & Network Management Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 27 Data Management Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 28 Application Management Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 29 Security & Compliance Management Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 30 Others Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 31 Europe IT Services Market, by Technology: Key Takeaways
- Fig. 32 Europe IT Services Market, by Technology: Market Share, 2023 & 2030
- Fig. 33 AI & Machine Learning Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 34 Big Data Analytics Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 35 Threat Intelligence Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 36 Others Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 37 Europe IT Services Market, by Deployment: Key Takeaways
- Fig. 38 Europe IT Services Market, by Deployment: Market Share, 2023 & 2030
- Fig. 39 On-Premise Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 40 Cloud Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 41 Europe IT Services Market, by Enterprise Size: Key Takeaways
- Fig. 42 Europe IT Services Market, by Enterprise Size: Market Share, 2023 & 2030
- Fig. 43 Large Enterprises Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 44 Small & Medium Enterprises Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 45 Europe IT Services Market, by End-use: Key Takeaways
- Fig. 46 Europe IT Services Market, by End-use: Market Share, 2023 & 2030
- Fig. 47 BFSI Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 48 Government Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 49 Healthcare Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 50 Media & Communications Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 51 Retail Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 52 IT & Telecom Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 53 Others Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
- Fig. 54 Europe IT Services Market Revenue, by Country, 2023 & 2030 (USD Million)
- Fig. 55 Country Marketplace: Key Takeaways
- Fig. 56 UK Europe IT Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- Fig. 57 Germany Europe IT Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- Fig. 58 France Europe IT Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- Fig. 59 Key Company Categorization
- Fig. 60 Company Market Positioning
- Fig. 61 Strategic Framework
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