Report overview
IT services refers to the application of business and technical expertise to enable organizations in the creation, management and optimization of or access to information and business processes.
The IT services market can be segmented by the type of skills that are employed to deliver the service (design, build, run). There are also different categories of service: business process services, application services and infrastructure services.
If these services are outsourced, they are referred to as business process outsourcing (BPO), applications outsourcing (AO) and infrastructure outsourcing.
This report aims to provide a comprehensive presentation of the global market for IT Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IT Services. This report contains market size and forecasts of IT Services in global, including the following market information:
Global IT Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global IT Services market was valued at US$ 1069430 million in 2022 and is projected to reach US$ 1400080 million by 2029, at a CAGR of 3.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The broader market for IT services is made up of several segments including outsourcing, managed services, security services, data management, and cloud computing. In this report, the market is segmented into Cloud Services (IT Outsourcing, Implementation, Consulting Services), Software & BPO Services and Hardware Support Services Types.
In 2019, North America dominated the IT services market with a market share of about 37%, followed by APAC and Europe. The strongest growing segment is cloud service segment, with the overall global cloud services market size topping nearly 700 billion U.S. dollars in 2019. Others include hardware Support Services and software and BPO services.
IBM is one of the world?s leading information technology professional and managed service providers worldwide. Some of the other leading IT service providers include Accenture, DXC, Fujitsu, AWS, TCS, etc.
It can be applied to enterprise, financial, government, healthcare & medical, and others.
We surveyed the IT Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global IT Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global IT Services Market Segment Percentages, by Type, 2022 (%)
Hardware Support Services
Software and BPO Services
Cloud Services
Global IT Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global IT Services Market Segment Percentages, by Application, 2022 (%)
Enterprise
Financial
Government
Healthcare & Medical
Others
Global IT Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global IT Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies IT Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies IT Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
IBM
Accenture
AWS
Fujitsu
NTT Data
DXC Technology
TCS
Cognizant
Capgemini
Atos
NEC
Infosys
Hitachi
HCL Tech
CGI
Wipro
SAIC
CTSI
BT Group
Chinasoft
Taiji
China Unicom
Teamsun Tech
DCITS
Capita
Xerox
DHC Software
Neusoft
Outline of Major Chapters:
Chapter 1: Introduces the definition of IT Services, market overview.
Chapter 2: Global IT Services market size in revenue.
Chapter 3: Detailed analysis of IT Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of IT Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
