Since 2016 we’ve charted the rise and fall of a subset of high-value IT service providers—those with the highest revenue and market share in the space. Over the last two years, the market has changed considerably. Some of these notable industry players combined to create leviathan firms, born-in-the-cloud disruptors appeared, and some industry giants’ empires crumbled. IT services refers to the application of business and technical expertise to enable organizations in the creation, management and optimization of or access to information and business processes.
The firm’s high value IT Services Market revenue dropped below $20 billion for the first time since the merger.
North America is the largest IT Services Market in the world these years, and USA is the largest consumption countries of IT services in the world in the past few years and it will keep increasing in the next few years. USA market took up about 36% the global market in 2016 (90% of North America IT service market), while Europe was about 29%, and Japan is followed with the share about 13.5%.
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Top Key Players:
IBM,HP, Fujitsu, Accenture, CSC, Lookheed, Capgemini, NTT Data, SAIC, Xerox, Oracle, Hitachi, NCC, ADP, NEC, TCS, Infosys, Atos, Wipro, HCL Tech, BT Global Services, Capita, CTSI, DCITS, Taiji, Teamsun Tech , China Unicom, DHC Software, Neusoft, SinoRail Info, Chinasoft , Unisys Corp
The global IT Services Market is valued at 1011000 million USD in 2018 and is expected to reach 1150600 million USD by the end of 2024, growing at a CAGR of 2.6% between 2019 and 2025.
Geographically, the global IT Services Market has been fragmented across the world into different regions such as North America, Latin America, Asia-Pacific, Middle East and Africa based on productivity.
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IT Services Market Segment by Application:
- Healthcare & Medical
The competitive hierarchy of global market has been provided by presenting the comparative study of global leading companies. An expert team of researchers profiles some of the leading key players operating in the global regions. Adoption of new technologies, platforms, and tools from the top level industries are also elaborated with in-depth knowledge about it.
Industry outlook has been provided by illustrating some significant strategies adopted by them. The global IT Services Market has been analyzed through industry analysis techniques such as SWOT and Porter’s five-technique. The notable feature of this research report is, it offers proper insights into the businesses by explaining drivers, restraints, and opportunities in front of the businesses.