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IT Services Market 2022-2026 | Growing Adoption of Edge Computing to Boost Growth | TechnavioNEW YORK, June 23, 2022 /PRNewswire/ -- The IT Services Market size is expected to grow by USD 6.36 billion at a CAGR of 4.04% during the forecast period, according to Technavio. The report offers an up-to-date analysis and to know the exact growth variance and the Y-O-Y growth rate Request a sample report. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accenture Plc, Capgemini SE, CGI Inc., Dell Technologies Inc., DXC Technology Co., Hewlett Packard Enterprise Co., Hitachi Ltd., Infosys Ltd., International Business Machines Corp., and Tata Consultancy Services Ltd. are some of the major market participants. The growing adoption of edge computing, the gradual shift from on-premises to cloud-based IT services, and the incorporation of predictive analytics in managed security services will offer immense growth opportunities. However, risks involved in outsourcing, shortage of domain expertise, and lack of quality standards in SLAs will challenge the growth of the 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. Do reach out to our analysts for more customized reports as per your requirements. Speak to an analyst now! IT Services Market Segmentation The segment of IT consulting and other services will significantly increase its market share in the Nordic Countries. The demand for such services is growing as more modern technologies, like big data analytics, AI, and cloud computing, are being adopted to cut costs and improve operational efficiencies. Many businesses, even small and medium-sized ones (SMEs), lack the internal technical know-how necessary for the planning, design, and implementation of these cutting-edge technologies, which forces them to hire IT consulting organizations with relevant experience. During the projection period, these elements will fuel the expansion of the Nordic IT services industry. Learn more about the additional trends impacting the future of the market and the IT Services Market Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The IT services market report covers the following areas: This study identifies the emergence of AI in information management as one of the prime IT Services Market Vendor Analysis The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Find additional highlights on the growth strategies adopted by vendors and their product IT Services Market Key Highlights
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Table Of Contents : 1. Executive Summary 1.1 Market Overview Exhibit 01: Key Finding 1 Exhibit 02: Key Finding 2 Exhibit 03: Key Finding 3 Exhibit 04: Key Finding 5 Exhibit 05: Key Finding 6 2. Market Landscape 2.1 Market ecosystem Exhibit 06: Parent market Exhibit 07: Market characteristics 2.2 Value chain analysis Exhibit 08: Value chain analysis: Data processing and outsourced services 2.2.1 Inputs 2.2.2 Operations 2.2.2.1 Data sourcing and collection 2.2.2.2 Data quality and cleaning 2.2.2.3 Data enrichment 2.2.2.4 Data management 2.2.3 Data delivery and decision making 2.2.4 Marketing and sales 2.2.5 Support activities 2.2.6 Industry innovations: 3. Market Sizing 3.1 Market definition Exhibit 10: Offerings of vendors included in the market definition 3.2 Market segment analysis Exhibit 11: Market segments 3.3 Market size 2021 3.4 Market outlook: Forecast for 2021 - 2026 Exhibit 12: Global - Market size and forecast 2021 - 2026 ($ million) Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%) 4. Five Forces Analysis 4.1 Five Forces Summary Exhibit 14: Five forces analysis 2021 & 2026 4.2 Bargaining power of buyers Exhibit 15: Bargaining power of buyers 4.3 Bargaining power of suppliers Exhibit 16: Bargaining power of suppliers 4.4 Threat of new entrants Exhibit 17: Threat of new entrants 4.5 Threat of substitutes Exhibit 18: Threat of substitutes 4.6 Threat of rivalry Exhibit 19: Threat of rivalry 4.7 Market condition Exhibit 20: Market condition - Five forces 2021 5 Market Segmentation by Service 5.1 Market segments Exhibit 20: Service - Market share 2021-2026 (%) 5.2 Comparison by Service Exhibit 21: Comparison by Service 5.3 IT consulting and other services - Market size and forecast 2021-2026 Exhibit 22: IT consulting and other services - Market size and forecast 2021-2026 ($ Million) Exhibit 23: IT consulting and other services - Year-over-year growth 2021-2026 (%) 5.4 Internet services and infrastructure - Market size and forecast 2021-2026 Exhibit 24: Internet services and infrastructure - Market size and forecast 2021-2026 ($ Million) Exhibit 25: Internet services and infrastructure - Year-over-year growth 2021-2026 (%) 5.5 Data processing and outsources services - Market size and forecast 2021-2026 Exhibit 26: Data processing and outsources services - Market size and forecast 2021-2026 ($ Million) Exhibit 27: Data processing and outsources services - Year-over-year growth 2021-2026 (%) 5.6 Market opportunity by Service Exhibit 28: Market opportunity by Service 6. Geographic Landscape 6.1 Geographic segmentation Exhibit 29: Market share by geography 2021-2026 (%) 6.2 Geographic comparison Exhibit 30: Geographic comparison 6.3 Sweden - Market size and forecast 2021-2026 Exhibit 31: Sweden - Market size and forecast 2021-2026 ($ Million) Exhibit 32: Sweden - Year-over-year growth 2021-2026 (%) 6.4 Denmark - Market size and forecast 2021-2026 Exhibit 33: Denmark - Market size and forecast 2021-2026 ($ Million) Exhibit 34: Denmark - Year-over-year growth 2021-2026 (%) 6.5 Norway - Market size and forecast 2021-2026 Exhibit 35: Norway - Market size and forecast 2021-2026 ($ Million) Exhibit 36: Norway - Year-over-year growth 2021-2026 (%) 6.6 Rest of Nordic countries - Market size and forecast 2021-2026 Exhibit 37: Rest of Nordic countries - Market size and forecast 2021-2026 ($ Million) Exhibit 38: Rest of Nordic countries - Year-over-year growth 2021-2026 (%) 6.7 Market opportunity by geography Exhibit 39: Market opportunity by geography ($ million) 7. Customer landscape 7.1 Overview Exhibit 40: Customer landscape 8. Drivers, Challenges, and Trends 8.1 Market drivers 8.1.1 Growing adoption of edge computing 8.1.2 Gradual shift from on-premises to cloud-based IT services 8.1.3 Incorporation of predictive analytics in managed security services 8.2 Market challenges 8.2.1 Risks involved in outsourcing 8.2.2 Shortage of domain expertise 8.2.3 Lack of quality standards in SLAs Exhibit 41: Impact of drivers and challenges 8.3 Market trends 8.3.1 Emergence of AI in information management 8.3.2 Integration of big data in information provider offerings 8.3.3 Growing BFSI sector and go-green initiatives 9. Vendor Landscape 9.1 Overview Exhibit 42: Vendor landscape The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 9.2 Landscape disruption Exhibit 43: ?Landscape disruption? Exhibit 44: Industry risks 9.3 Competitive Scenario 10. Vendor Analysis 10.1 Vendors covered Exhibit 45: Vendors covered 10.2 Market positioning of vendors Exhibit 46: Market positioning of vendors 10.3 Accenture Plc Exhibit 47: Accenture Plc - Overview Exhibit 48: Accenture Plc - Business segments Exhibit 49: Accenture Plc - Key offerings Exhibit 50: Accenture Plc – key news Exhibit 51: Accenture Plc - Segment focus 10.4 Capgemini SE Exhibit 52: Capgemini SE - Overview Exhibit 53: Capgemini SE - Business segments Exhibit 54: Capgemini SE - Key offerings Exhibit 55: Capgemini SE – key news Exhibit 56: Capgemini SE - Segment focus 10.5 CGI Inc. Exhibit 57: CGI Inc. - Overview Exhibit 58: CGI Inc. - Business segments Exhibit 59: CGI Inc. - Key offerings Exhibit 60: CGI Inc. – Key news Exhibit 61: CGI Inc. - Segment focus 10.6 Dell Technologies Inc. Exhibit 62: Dell Technologies Inc. - Overview Exhibit 63: Dell Technologies Inc. - Business segments Exhibit 64: Dell Technologies Inc. - Key offerings Exhibit 65: Dell Technologies Inc. - Segment focus 10.7 DXC Technology Co. Exhibit 66: DXC Technology Co. - Overview Exhibit 67: DXC Technology Co. - Business segments Exhibit 68: DXC Technology Co. - Key offerings Exhibit 69: DXC Technology Co. - Key news Exhibit 70: DXC Technology Co. - Segment focus 10.8 Hewlett Packard Enterprise Co. Exhibit 71: Hewlett Packard Enterprise Co. - Overview Exhibit 72: Hewlett Packard Enterprise Co. - Business segments Exhibit 73: Hewlett Packard Enterprise Co. - Key offerings Exhibit 74: Hewlett Packard Enterprise Co. - Segment focus 10.9 Hitachi Ltd. Exhibit 75: Hitachi Ltd. - Overview Exhibit 76: Hitachi Ltd. - Business segments Exhibit 77: Hitachi Ltd. - Key offerings Exhibit 78: Hitachi Ltd. - Segment focus 10.10 Infosys Ltd. Exhibit 79: Infosys Ltd. - Overview Exhibit 80: Infosys Ltd. - Business segments Exhibit 81: Infosys Ltd. - Key offerings Exhibit 82: Infosys Ltd. - Segment focus 10.11 International Business Machines Corp. Exhibit 83: International Business Machines Corp. - Overview Exhibit 84: International Business Machines Corp. - Business segments Exhibit 85: International Business Machines Corp. - Key offerings Exhibit 86: International Business Machines Corp. – key news Exhibit 87: International Business Machines Corp. - Segment focus 10.12 Tata Consultancy Services Ltd. Exhibit 88: Tata Consultancy Services Ltd. - Overview Exhibit 89: Tata Consultancy Services Ltd. - Business segments Exhibit 90: Tata Consultancy Services Ltd. - Key offerings Exhibit 91: Tata Consultancy Services Ltd. - Segment focus 11. Appendix 11.1 Scope of the report 11.1.1 Market definition 11.1.2 Objectives Notes and caveats 11.2 Currency conversion rates for US$ Exhibit 92: Currency conversion rates for US$ 11.3 Research Methodology Exhibit 93: Research Methodology Exhibit 94: Validation techniques employed for market sizing Exhibit 95: Information sources 11.4 List of abbreviations Exhibit 96: 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 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. Contact Technavio Research View original content to download multimedia:https://www.prnewswire.com/news-releases/it-services-market-2022-2026--growing-adoption-of-edge-computing-to-boost-growth--technavio-301573230.html SOURCE Technavio |