TMCnet News
IT Outsourcing Market Size to Grow by USD 117.24 Mn, Need to Optimize Business Processes to Drive Growth - TechnavioThis report segments the IT outsourcing market by service (infrastructure outsourcing and application outsourcing) and geography (North America, Europe, APAC, South America, and Middle East and Africa) NEW YORK, Oct. 6, 2022 /PRNewswire/ -- The "IT Outsourcing Market by Service and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offerings. The market size is expected to grow by USD 117.24 million from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 4.12 % during the forecast period, according to Technavio's latest market report. View a comprehensive report summary that describes the market size and forecast along with research methodology. The FREE sample report is available in PDF format IT Outsourcing Market: Market Segmentation By service, the infrastructure outsourcing segment will be the largest contributor to market growth during the forecast period. Infrastructure outsourcing includes solutions related to network and storage and applications related to cloud and virtualization. In addition, flexibility in infrastructure outsourcing enables enterprises to strengthen existing customer relationships, expand the customer base, and foster innovation. These factors will propel the market growth in the forecasted period. By geography, APAC will account for 40% of the market's growth during the forecast period. This growth is attributed to factors such as ease of virtualization and dynamic scaling. China and Japan are the key countries for the IT outsourcing market in APAC. IT Outsourcing Market: Major Growth Drivers The need to optimize business processes is driving the IT outsourcing market growth. Organizations need to innovate their product and service offerings. IT outsourcing helps them align their project management planning with their business objectives. Enterprises are under constant pressure to reduce the time to market, increase their profit margins, and optimize processes. Therefore, the need to reduce waste, improve processes, and maintain quality standards are driving the adoption of IT outsourcing services. Identify key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report IT Outsourcing Market: Key Vendors The IT outsourcing market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. Accenture Plc, Acora Ltd, Amdocs Ltd., Atos SE, Capgemini Service SAS, CGI Inc, Cognizant Technology Solutions Corp., Fujitsu Ltd., Genpact Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., ITC infotech India Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd, Unisys Corp., Wipro Ltd., Xerox Holdings Corp., and Larsen and Toubro Ltd. are some of the key vendors operating in the market. IT Outsourcing Market: Reasons to Buy Our Report
Related Reports IT Business Process Outsourcing (BPO) Market by Type and Geography - Forecast and Analysis 2022-2026: The IT business process outsourcing (BPO) market share is expected to increase by USD 281.25 billion from 2021 to 2026. IT Operation Analytics (ITOA) Market by Deployment and Geography - Forecast and Analysis 2022-2026: The IT operation analytics (ITOA) market share is expected to increase by USD 45.21 billion from 2021 to 2026.
Browse Information Technology Market Reports Table of Contents 1. Executive Summary 2. Market Landscape 2.1 Market ecosystem 2.2 Market characteristics 2.3 Value chain analysis 3. Market Sizing 3.1 Market definition 3.2 Market segment analysis 3.3 Market size 2021 3.4 Market outlook: Forecast for 2021 - 2026 4. Five Forces Analysis 4.1 Five forces summary 4.2 Bargaining power of buyers 4.3 Bargaining power of suppliers 4.4 Threat of new entrants 4.5 Threat of substitutes 4.6 Threat of rivalry 4.7 Market condition 5. Market Segmentation by End-user 5.1 Market segments 6. Market Segmentation by Service 6.1 Market segments 6.2 Comparison by Service 6.3 Infrastructure outsourcing - Market size and forecast 2021 - 2026 6.4 Application outsourcing - Market size and forecast 2021 - 2026 6.5 Market opportunity by Service 7. Customer landscape 8. Geographic Landscape 8.1 Geographic segmentation 8.2 Geographic comparison 8.3 North America - Market size and forecast 2021 - 2026 8.4 Europe - Market size and forecast 2021 - 2026 8.5 APAC - Market size and forecast 2021 - 2026 8.6 South America - Market size and forecast 2021 - 2026 8.7 MEA - Market size and forecast 2021 - 2026 8.8 Key leading countries 8.9 Market opportunity by geography 9. Drivers, Challenges, and Trends 9.1 Volume driver - External factors 9.2 Market challenges 9.3 Market trends 10. Vendor Landscape 10.1 Overview 10.2 Vendor landscape 10.3 Landscape disruption 11. Vendor Analysis 11.1 Vendors covered 11.2 Market positioning of vendors 11.3 Accenture Plc 11.4 Capgemini Service SAS 11.5 Fujitsu Ltd. 11.6 HCL Technologies Ltd. 11.7 Hewlett Packard Enterprise Co. 11.8 International Business Machines Corp. 11.9 Larsen & Toubro Ltd. 11.10 Tata Consultancy Services Ltd. 11.11 Tech Mahindra Ltd. 11.12 Wipro Ltd. 12. Appendix 12.1 Scope of the report 12.2 Currency conversion rates for US$ 12.3 Research methodology 12.4 List of abbreviations About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/it-outsourcing-market-size-to-grow-by-usd-117-24-mn-need-to-optimize-business-processes-to-drive-growth---technavio-301640641.html SOURCE Technavio |