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Americas IT Services Market Report Analysis 2016 and Forecasts 2020-2022 - Market Expected to Exceed $435 Billion - Research and MarketsThe "Americas IT Services Market Report 2017" report has been added to Research and Markets' offering. The Americas information technology services market is expected to grow from around $370 billion in 2016 to over $435 billion in 2020. The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider IT services market, and compares it with other markets. IT services market growth in North America is supported by rising investments in IT infrastructure, growing demand for efficient management of IT services, and increasing adoption of IT services in small and medium-sized enterprises (SMEs). The Americas' IT services market accounts for approximately 40% of the global IT services market. The US accounts for the dominant part of the Americas IT services market. Market share of all other countries in this region account for less than 10% of the Americas IT services market. The region stood at second place in terms of growth rate, followed by Asia, during 2011-2016. It is expected to retain the same position during the frecast period. There has been exponential growth in the use of AI technology by companies operating in automobile, e-commerce and manufacturing industries. Since AI can detect human motions it is being used to detect customer satisfaction levels and for voice and face recognition. Many major companies such as Facebook, Google (News - Alert) and Airbnb are also open sourcing AI libraries to startups, indicating democratization of AI solutions. For example, leading software companies such as Cap Gemini, IBM, Accenture (News - Alert) and TCS are offering AI services to optimize resources and reduce operational expenditures. IT services market growth in North America is supported by rising investments in IT infrastructure, growing demand for efficient management of IT services, and increasing adoption of IT services in small and medium-sized enterprises (SMEs). Industries such as government and defense; consumer goods and retail; healthcare; banking, financial services, and insurance (BFSI); and communication and technology have been the major contributors to the North America IT services market. Other key drivers for market growth include - public and private investments, encouraging government policies and increasing adoption of cloud services. Scope:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/research/wskktr/americas_it?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20180105005463/en/ |
