The Business Research Company’s IT Services Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The IT Services Global Market Report 2023 evaluates IT services market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global IT services market size is expected to grow at a CAGR of 10.8% from 2021 to reach $6,262.18 billion in 2026. The global IT services market size is expected to reach $9,852.65 billion in 2031, at a CAGR of 9.5%.
Governments around the world are investing in the creation of smart cities. The European Union is actively promoting smart city initiatives, with funds for research and sustainability targets for member states. The concept of smart cities is rising in developing nations too. In China and India alone almost 300 smart city pilots are currently planned. These projects require state-of-the-art IT infrastructure for realization. This will act as a major driver of the growth of the IT services industry going forward. Also, Tencent announced a five-year (2021-2026), $70 billion plan to invest more in cloud computing, artificial intelligence, and cybersecurity. Chinese firms have shown great intent to establish themselves via investments in India, but their position had grown riskier as New Delhi’s shifted position on allowing Chinese technology and investment into its domestic market. This will act as a major driver of the growth of the IT services market going forward.
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The IT services market segments in the report are:
The table of contents in TBRC’s IT services market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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26. Key Mergers And Acquisitions
27. Market Background: Information Technology Market Characteristics
28. Opportunities And Strategies
29. IT Services Market, Conclusions And Recommendations
30. Appendix
Top Major Players:
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