Information Technology Market Share, Trends, Opportunity, Affect On Demand By Covid-19 Pandemic And Forecast In 2020

The Business Research Company offers "Information Technology Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global information technology market is expected to decline from $8010.9 billion in 2019 to $7948.8 billion in 2020 at a compound annual growth rate (CAGR) of -0.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $10189.3 billion in 2023.

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The information technology (IT) market consists of sales of information technology (IT) services and related goods by entities (organizations, sole traders and partnerships) that apply computers, computer peripherals and telecommunications equipment to store, retrieve, transmit and maneuver data. The IT market involves services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process.

Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase its presence and share in the market.

Information Technology Market Segmentation: -
By Type
1. IT Services
2. Computer Hardware
3. Telecom
4. Software Products

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Information Technology Market Characteristics
4. Information Technology Market Product Analysis
5. Information Technology Market Supply Chain
......
20. Information Technology Market Competitive Landscape
21. Key Mergers And Acquisitions In The Information Technology Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer

The report covers the trends and market dynamics of the information technology market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the information technology market are AT&T; Apple; Verizon Communications Inc.; China Mobile Ltd; Microsoft.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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