2019 USA IT Services Market – Information Technology Industry Cloud & BPO Services Report

2019 USA IT Services Market - Information Technology Industry Cloud & BPO Services Report

“IT Services Market By Type (Hardware Support Services, Software & BPO Services And Cloud Services), Market Information And Market Characteristics– Global Forecast To 2022”
Microsoft Emerges As The Largest Company In The IT Services Market, According To TBRC’s Report (Companies: Microsoft, CISCO, Fujitsu Ltd., International Business Machines Corporation and Qualcomm.)

The global IT services market reached a value of nearly $2,230 billion in 2018. Western Europe is the largest market for IT services market. The China is the largest country in terms of value in the IT Services market.

IT services providers apply technical expertise and knowledge to enable organizations and individual users to create, manage and optimize their IT processes.  The information technology services industry breaks down into software and BPO services, hardware support services and cloud services.

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IT Services Market Size

The IT Services market is expected to grow at an annual growth rate of around 11% to nearly $3,496 billion by 2022.

Growth in the historic period resulted from strong economic growth in emerging markets, technology development, B2B & B2C mobility, high valuations of information technology companies. Going forward, faster economic growth, increasing investments in smart cities, increase in outsourcing and Internet of Things (IoT) will drive growth. Factors that negatively affected growth in the historic period were multinational operations difficulties and high R&D expenditure. Factors that could hinder the growth of this market in the future are rise in interest rates and infrastructural barriers.

The global market for IT services is fragmented. Major players in the market are Microsoft, CISCO, Fujitsu Ltd., International Business Machines Corporation and Qualcomm.

Microsoft was the largest competitor in the IT Services market in 2018. Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services.

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With the strong economic growth in emerging markets, technology development, B2B & B2C mobility, high valuations of information technology companies, the potential and scope for the global IT services market is expected to increase.

Software Products Integration – Software products integration has been increasing rapidly over the last five years. Growing Demand For Cloud Data Recovery – Over the past five years, cloud software solutions have been gaining acceptance from companies across all industries.  

Few points from Table of Contents: 

7. Information Technology Services Market Characteristics

7.1. Information Technology Services Market Segmentation By Type

8. Information Technology Services Market, Supply Chain Analysis

9. Information Technology Services Product Analysis

10. Information Technology Services Market Trends And Strategies

10.1 Software Products Integration

10.2. Growing Demand For Cloud Data Recovery

10.3. Software Installations Automation

10.4 Single to Multiple Services Shift

10.5 Cloud/Software As A Service (Saas)

10.6 Virtualization

10.7 Data Analytics For Gaining Insights

10.8 Software Artificial Intelligence (AI) and Automation

10.9 Robotics In Business Process Outsourcing

10.10 ITIL/ISO Certifications In The IT Industry

10.11 Growing Demand of Hybrid Cloud

10.12 Faster Data Processing

10.13 Cloud As A Service

10.14 Cloud As A Service

11. Global Information Technology Services Market, Porters Five Forces Model

11. Global Information Technology Services Market, PESTEL Analysis 

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