IT Services Market size to grow by USD 402.79 billion from 2022 to 2027, APAC to account for 49% of the market growth - Technavio
NEW YORK, May 29, 2023 /PRNewswire/ -- The IT services market size is set to grow by USD 402.79 billion between 2022 and 2027 and register a CAGR of 5.57%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.
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Factors such as the growing adoption of edge data centers, the need to adhere to regulatory guidelines and ensure compliance, and the growing demand for IoT and big data operations will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The IT services market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
IT Services Market 2023-2027: Segmentation
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IT Services Market 2023-2027: Vendor Analysis and Scope
Some of the major vendors of the It services market in data processing and outsourced Services
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the IT services market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
The report also covers the following areas:
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IT Services Market 2023-2027: Key Highlights
Shared Services Market- The shared services market size is estimated to grow at a CAGR of 17.64% between 2022 and 2027. The market size is forecast to increase by USD 156.78 billion.
Consumer Network Attached Storage (NAS) Market- The Consumer Network Attached Storage (NAS) Market size is estimated to grow at a CAGR of 12.11% between 2022 and 2027. The market size is forecast to increase by USD 28,222.02 million.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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