COVID-19 Impacts: IT Outsourcing Market Will Accelerate at a CAGR of Almost 5% Through 2020-2024 | Need to Optimize Business Processes to Boost Growth | Technavio
Technavio has been monitoring the IT outsourcing market and it is poised to grow by USD 98 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global IT Outsourcing Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accenture Plc, Capgemini (News - Alert) Service SAS, Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Larsen & Toubro Ltd., Tata Consultancy Services (News - Alert) Ltd., Tech Mahindra Ltd., and Wipro Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The need to optimize business processes has been instrumental in driving the growth of the market.
IT Outsourcing Market 2020-2024: Segmentation
IT Outsourcing Market is segmented as below:
IT Outsourcing Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our IT outsourcing market report covers the following areas:
This study identifies rise in the integration of application outsourcing as one of the prime reasons driving the IT outsourcing market growth during the next few years.
IT Outsourcing Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the IT outsourcing market, including some of the vendors such as Accenture (News - Alert) Plc, Capgemini Service SAS, Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Larsen & Toubro Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., and Wipro Ltd. Backed with competitive intelligence and benchmarking, our research reports on the IT outsourcing market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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IT Outsourcing Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Service
Drivers, Challenges, and Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.
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