Press release
IT Services Outsourcing Market Sales, Segmentation and Forecast 2018 - 2028: HCL Technologies, IBM, Infosys Ltd., Tata Consultancy Services, Tech Mahindra, and Wipro Ltd., Cognizant Corporation, Capgemini SE, Accenture PLC
Advancements in technology base and increasing the demand for IT services outsourcing to enhance customer productivity by removing complexities is also one of the major factors which drives the growth of IT services outsourcing market. Moreover, various organizations are continuously adopting IT services outsourcing to keep their IT infrastructure operating at an optimal level, and to manage their IT costs. Apart from this, social, mobile, and cloud computing are accelerating the demand for IT services outsourcing and with the rapid technological shift and continuous deployment & migration of mobile devices, the demand for IT services outsourcing is increasing rapidly.
Global IT Services Outsourcing Market: Drivers and Challenges
Drivers
The growing complexity of product designing, prototyping, visual designing & engineering, and product lifecycle management is the primary factor which is driving the growth of IT services outsourcing. Also, the shift towards the ecosystem of services to enhance the customer experience is also fuelling the growth of IT services outsourcing market. Furthermore, the rising trend of collaboration between OEMs and IT services outsourcing solution providers to accelerate time to market and to optimize R&D operations is fuelling the growth of IT services outsourcing market.
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Moreover, the rising trend of automation and increasing adoption of agile methodologies are creating potential opportunities for the growth of IT services outsourcing market. Furthermore, the development and implementation of smart technologies in enterprises is also fuelling the growth of IT services outsourcing market.
Moreover, the high demand for IT services outsourcing from IT and e-Commerce organizations to quickly resolve issues and problems in order to provide higher levels of business user satisfaction at reduced costs is one of the significant factors driving the growth of the IT Services Outsourcing market.
Challenges
With the development of technology, the risk of threats also increase. Thus, security is one of the primary challenges for the growth of IT services outsourcing market. The less development in the technology base and less spending on research & development by various countries in Latin America and the Middle East & Africa are the major challenges which hinder the growth of the IT services outsourcing market.
Global IT Services Outsourcing Market: Segmentation
Segmentation of the IT Services Outsourcing Market on the Basis of Service Model:
Onshore Offshore
Segmentation of the IT Services Outsourcing Market on the Basis of Vertical:
Automotive Consumer Electronics Telecommunication Semiconductor Aerospace Pharmaceutical Others
Global IT Services Outsourcing Market: Competition Landscape
Key Players
Prominent players in the global IT services outsourcing market are HCL Technologies, IBM, Infosys Ltd., Tata Consultancy Services, Tech Mahindra, and Wipro Ltd., Cognizant Corporation, Capgemini SE, Accenture PLC, Genpact, Teradata, and EXL services.
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Global IT Services Outsourcing Market: Regional Overview
On the basis of geography, North America is expected to be a large market for IT services outsourcing, due to the early adoption of digital technologies and the presence of various key players in the region. The demand for IT services outsourcing in APAC and Europe is expected to grow rapidly in the coming few years, due to the high demand for IT services outsourcing from IT and e-Commerce organizations in the region. Moreover, the rapid technological shift and continuous deployment & migration of mobile devices in countries such as Japan, China, and India is also driving the demand for IT services outsourcing in Asia Pacific. The IT services outsourcing markets in Latin America is also expected to witness high growth rates in the coming period, due to the rise in digital technologies. The IT services outsourcing market in MEA is also increasing due to the high adoption of smart phones and tablets in the region.
The report covers exhaustive analysis on:
Regional analysis for the global IT Services Outsourcing market includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Market Segments
Market Dynamics
Historical & Actual Market Size, 2013-2017
Market Size & Forecast, 2018 to 2028
Supply & Demand Value Chain
Market Current Trends/Issues/Challenges
Competition & Companies involved in the Market
Market Solutions Technology
Value Chain
Market Drivers and Restraints
North America
U.S.
Canada
Latin America
Argentina
Mexico
Brazil
Rest of Latin America
Western Europe
Germany
France
U.K.
Spain
Italy
Nordic
Benelux
Rest of Western Europe
Eastern Europe
Poland
Russia
SEA & Others of APAC
Australia and New Zealand (A&NZ)
India
ASEAN
Rest of SEA & Others of APAC
Japan
China
Middle East and Africa
GCC Countries
North Africa
South Africa
Rest of MEA
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
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