The North American IT Services Industry is Expected to Reach $700.6 Billion by 2027: Increased Demand for Cloud Services Drives Growth
DUBLIN, Jan. 25, 2023 /PRNewswire/ -- The "North America IT Services Market by Service Type, Deployment Mode, Organization Size, Business Function, Vertical (BFSI, Government and Defense, Healthcare, and Consumer Goods and Retail) and Country - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The North America IT services market size is expected to grow from USD 500.0 billion in 2022 to USD 700.6 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period.
As per managed services, managed data center and IT infrastructure to hold the largest market size during the forecast period.
The managed services segment is sub-segmented into managed security service, managed network service, managed data center and IT infrastructure, managed communication and collaboration, managed mobility service, and managed information service. As per managed services, managed data center and IT infrastructure market size is expected to grow from USD 43.1 billion in 2022 to USD 62.0 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period.
To fully embrace digitalization, a company's IT infrastructure must be matched with business needs. Greater security and compliance, agile infrastructure, increased staff productivity, and improved customer experiences are all benefits of IT infrastructure.
The servicing and maintenance of all hardware and network equipment, such as installation, upgrading, and patching of Operating Systems (OS) and other software, storage and backups, and fault tolerance, are all typically the responsibility of service providers and are based on the service level agreement.
Further, a managed data center is a particular kind of data center model that is set up, run, and supervised by a third-party data center service provider. It offers capabilities and features similar to those of a typical data center but via a Managed Service Platform (MSP).
As per infrastructure integration, the network segment is to hold the largest market size during the forecast period.
The infrastructure integration segment is further sub-segmented into the data center, network, security, mobility, and others. As per infrastructure integration, the network segment holds the largest market size and is expected to grow from USD 40.6 billion in 2022 to USD 48.9 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 3.8%% during the forecast period.
Network service providers offer various services to monitor, maintain, and protect the network infrastructure of organizations while reducing network operating costs. New network business tools are released by vendors to link users in various locations and improve communication efficiency.
To operate tasks, such as data transfers and switches, network technology requires network management software. Infrastructure is still not complete without network administration, which ensures that the servers, cabling, and switches are coordinated and achieve the required outcomes.
For every industry, reliable and secure network infrastructure has become essential. To guarantee zero network outages and streamline network operations, organizations of all sizes, including SMEs and large corporations, invest extensively in network performance and monitoring solutions and services.
As per application integration, application testing to grow at the highest CAGR during the forecast period.
The application integration segment is further sub-segmented into application development, application testing, and application lifecycle management. As per application integration, application testing is expected to grow at the highest CAGR of 12.7% during the forecast period.
Applications are checked for accuracy, usability, and consistency during the application testing process, which helps find flaws throughout the entire program. Applications need to be tested for improved functionality after development and before implementation.
It involves a set of programmed manual, automated, or both techniques to reveal software application flaws. It covers every stage of a software program's functional testing. Such testing helps the team assess and enhance the program's quality while also reducing the organization's costs connected with software development ad testing. Application testing can take many various forms, including unit testing, integration testing, performance testing, and acceptability testing.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 North America It Services Market, by Service Type
7 North America It Services Market, by Deployment Mode
8 North America It Services Market, by Organization Size
9 North America It Services Market, by Business Function
10 North America It Services Market, by Vertical
11 North America It Services Market, by Country
12 Competitive Landscape
13 Company Profiles
14 Adjacent/Related Markets
For more information about this report visit https://www.researchandmarkets.com/r/jqj8uj-america-it?w=5
Research and Markets
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