Global IT Services Market 2024-2028

Description

List of Tables

The IT services market is forecasted to grow by USD 685.91 bn during 2023-2028, accelerating at a CAGR of 8.74% during the forecast period. The report on the IT services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emergence of AI in information management, growing banking, financial services and insurance (BFSI) sector and go-green initiatives, and growing demand for IoT and big data operations.

Technavio's IT services market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	8.22%
CAGR	8.74%
Incremental Value	$685.91bn

By End-user

Technology and telecommunication
BFSI
Travel and hospitality
Healthcare
Media and others

By Service

IT consulting and other services
Internet services and infrastructure
Data processing and outsources services

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the emergence of cloud-based platforms as one of the prime reasons driving the IT services market growth during the next few years. Also, surge in demand for managed services in IT sectors and integration of big data in information provider offerings will lead to sizable demand in the market.

The report on the IT services market covers the following areas:

IT services market sizing
IT services market forecast
IT services market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IT services market vendors that include Accenture Plc, Amazon.com Inc., Avaya LLC, Broadcom Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., DXC Technology Co., Fortinet Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Infosys Ltd., Juniper Networks Inc., Larsen and Toubro Ltd., Microsoft Corp., Nokia Corp., Oracle Corp., and Tata Consultancy Services Ltd.. Also, the IT services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR70956

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global IT services market 2018 - 2022
4.2 End-user Segment Analysis 2018 - 2022
4.3 Services Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by End-user

6.1 Market segments
6.2 Comparison by End-user
6.3 Technology and telecommunication - Market size and forecast 2023-2028
6.4 BFSI - Market size and forecast 2023-2028
6.5 Travel and hospitality - Market size and forecast 2023-2028
6.6 Healthcare - Market size and forecast 2023-2028
6.7 Media and others - Market size and forecast 2023-2028
6.8 Market opportunity by End-user

7 Market Segmentation by Service

7.1 Market segments
7.2 Comparison by Service
7.3 IT consulting and other services - Market size and forecast 2023-2028
7.4 Internet services and infrastructure - Market size and forecast 2023-2028
7.5 Data processing and outsources services - Market size and forecast 2023-2028
7.6 Market opportunity by Service

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 North America - Market size and forecast 2023-2028
9.5 Europe - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 China - Market size and forecast 2023-2028
9.10 UK - Market size and forecast 2023-2028
9.11 Germany - Market size and forecast 2023-2028
9.12 Japan - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Accenture Plc
12.4 Amazon.com Inc.
12.5 Avaya LLC
12.6 Broadcom Inc.
12.7 Cisco Systems Inc.
12.8 Cognizant Technology Solutions Corp.
12.9 Dell Technologies Inc.
12.10 DXC Technology Co.
12.11 Fortinet Inc.
12.12 Hewlett Packard Enterprise Co.
12.13 Huawei Technologies Co. Ltd.
12.14 International Business Machines Corp.
12.15 Juniper Networks Inc.
12.16 Microsoft Corp.
12.17 Oracle Corp.

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations