North America accounts for the largest share in the global information technology market.
The information technology (IT) market consists of sales of information technology (IT) services and related goods by entities (organizations, sole traders and partnerships) that apply computers, computer peripherals and telecommunications equipment to store, retrieve, transmit and maneuver data. The IT market involves services such as computer networking, broadcasting, systems design services, and information distribution technologies like television and telephones and other equipment used during the process. This market includes segments such as IT services, computer hardware, and telecoms. The IT market also includes sales of goods such as computers, computer peripherals and telecommunications equipment which are used in providing IT services.
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Information Technology Market Size
The information technology market is expected to reach a value of nearly $8 trillion by 2022, significantly growing at a growth rate of around 9% during the forecast period. The growth in the information technology market is due to economic growth, technology development and high valuations of information technology companies. However, the market for information technology is expected to face certain restraints from several factors such as high R&D expenditure, multinational operations difficulties and fluctuating manufacturing costs.
As a major trend, the number of mergers and acquisitions in the IT services industry is rising significantly since the last decade. The IT industry is witnessing a massive change in the SMAC market—social, mobile, analytics and cloud. Acquisitions in the industry have led companies to increase the scale of their operations, develop more expertise and increase revenue.
Major players in the global information technology market include IBM, Fujitsu, Accenture, HP, TCS, NTT Data, Oracle, Capgemini, CSC, SAP, Amazon, Microsoft.
International Business Machines Corporation is an American multinational information technology company headquartered in Armonk, New York, with operations in over 170 countries.
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Few Points from Table of Contents:
3. Information Technology Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Information Technology Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Information Technology Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Information Technology Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Information Technology Market Trends And Strategies
8. Information Technology Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
9. Information Technology Market Regional Analysis
9.1. Global Information Technology Market, 2018, By Region, Value ($ Billion)
9.2. Global Information Technology Market, 2014 – 2022, Historic And Forecast, By Region
9.3. Global Information Technology Market, Growth And Market Share Comparison, By Region
10. Information Technology Market Segmentation
10.1. Global Information Technology Market, Segmentation By Type, 2014 – 2022, Value ($ Billion)
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