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Research and Markets: The Global IT Services Industry Market Is Forecast To Reach an Estimated US $1,147 Billion in 2017 with A CAGR of More Than 5% during 2012-2017
[March 15, 2012]

Research and Markets: The Global IT Services Industry Market Is Forecast To Reach an Estimated US $1,147 Billion in 2017 with A CAGR of More Than 5% during 2012-2017

(M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets(http://www.researchandmarkets.com/research/32c756/global_it_services) has announced the addition of the "Global IT Services Industry Analysis 2012-2017: Industry Trend, Profit and Forecast Analysis" report to their offering.

The Global IT Services industry holds significant opportunities for industry players due to increasing IT spending in the healthcare, retail, and transportation sectors, among others.

The global IT services industry comprises services related to the application of business and technical expertise to enable organizations to create, manage, optimize, and access information and business processes. The industry's scope includes product support services such as hardware and software maintenance and professional services such as IT consulting, development, and integration services.


North America, with 42% of the global market share, dominates the highly fragmented global IT services industry. Outsourcing locations such as India, China, Vietnam, and the Philippines are anticipated to be key drivers because of their low-cost labor and skilled talent pools. The APAC IT services industry is expected to register the highest growth rate among all regions during the forecast period and lead the industry. Government-backed reforms are expected to contribute to significant increases in spending for IT investments. In addition, by generating new opportunities for IT vendors globally, cloud computing is expected to reshape the industry. It is anticipated to offer immense opportunity to penetrate in the small and medium business sector.

Features and Scope of this Report: To make any investment or strategic decision, you need adequate and timely information. This market report fulfills this core need. Some of the features of this market report are: Industry size estimates in terms of (US $) value by segments and by regions Global IT services industry annual trend (2006-2011) and forecast (2012-2017) New product launch and merger and acquisition activity in global IT services industry Quarterly demand trend (Q1 2010-Q4 2011) and forecast analysis (Q1 2012-Q4 2012) for global IT services industry For more information visit http://www.researchandmarkets.com/research/32c756/global_it_services CONTACT: Research and Markets Laura Wood, Senior Manager, press@researchandmarkets.com U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com)).

(c) 2012 M2 COMMUNICATIONS

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