July 13, 2020, 4:08 a.m. EDT

IT Services Market 2020 / Revenue, Demand and Forecast to 2024

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Jul 13, 2020 (AmericaNewsHour) -- IT Services Market is estimated to reach $1,752 Billion by 2024; growing at a CAGR of 5.4% from 2016 to 2024. The term Information technology (IT) refers to the computers used to study, store, retrieve, spread and manipulate information. The IT service is an operational model where the IT service to a business is been delivered by the information technology (IT) service provider. IT service are integrated with various industries such as software, e-commerce, computer hardware, internet, electronics, and semiconductors. The IT service pwrovider might be internal IT organization or external IT organization.

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A rising start-up community and growing technology are the primary factors boosting in the market growth of IT services. Growing emphasis on developing an IT efficient infrastructure and implementation of IT services such as consulting services and system integration services by organizations is also supplementing the growth of the market. However, high competition is a major challenge for the market players. However, the IT services market will place a great importance on the needs and outcome demands by the business to improve employee productivity, and profitability in the coming years.

The IT services market is segmented by service type, consulting type, industry vertical, infrastructure, and geography. By service type, the market is classified into application development, application modernization, system integration, performance engineering, and others. By consulting type, the market is segmented as IT consulting and network consulting. By industry vertical the market is segmented as financial, government, computer services, manufacturing, telecom, transportation, and others. By infrastructure, the segmentations considered in the report are desktop support infrastructure, data center infrastructure, mainframe support infrastructure, help desk infrastructure, and others.

Based on geography, IT Service Market is segmented into North America, Europe, Asia-Pacific, Rest of the World (RoW). North America is further bifurcated in U.S., Canada and Mexico whereas Europe consist of UK, Germany, and others. Asia-Pacific is segmented into India, China, and others while RoW is bifurcated into South America, Middle East and Africa.

The key market players include Hewlett Packard Enterprise, International Business Machine Corporation, Infosys Limited, Accenture PLC, Capgemini SE, Cisco Systems, Cognizant Technology Solutions Corporation, HCL Technologies Limited, Oracle Corporation, and Tata Consultancy Services, among others.

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The key takeaways from the report
The report will provide detailed analysis of IT Services Market with respect to major segments such as service type, industry vertical, consulting type, and infrastructure

The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of IT Services Market has been included in the report

Profile of the key players in the IT Services Market will be provided, which include key financials, product & services, new developments and business strategies

Scope of IT Services Market
Service Type Segments

Application Development
Application Modernization
System Integration
Performance Engineering
Others
Consulting type Segments

IT Consulting
Network Consulting
Industry Vertical Segments

Financial
Government
Computer services
Manufacturing
Telecom
Transportation
Others
Infrastructure Segments

Desktop Support Infrastructure
Data Center Infrastructure
Mainframe Support Infrastructure
Help Desk Infrastructure
Others
Geographical Segments

North America
U.S.
Canada
Mexico
Europe
Germany
UK
Others
Asia Pacific
China
India
Others
RoW
South America
Middle East
Africa

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Kenneth Research

Email : Sales@kennethresearch.com

Phone: +1 313 462 0609

The post IT Services Market 2020 / Revenue, Demand and Forecast to 2024 appeared first on America News Hour .

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