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IT Services Market Size, Historical Growth, Analysis, Opportunities And Forecast To 2028| IBM, , AWS

09-05-2022 07:54 AM CET | IT, New Media & Software

Press release from: QY Research, Inc

IT Services Market Size, Historical Growth, Analysis,

Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global IT Services market is projected to reach US$ 1381540 million by 2028 from an estimated US$ 1085580 million in 2022, at a CAGR of 4.1% during 2023 and 2028.

The broader market for IT services is made up of several segments including outsourcing, managed services, security services, data management, and cloud computing. In this report, the market is segmented into Cloud Services (IT Outsourcing, Implementation, Consulting Services), Software & BPO Services and Hardware Support Services Types.

In 2019, North America dominated the IT services market with a market share of about 37%, followed by APAC and Europe. The strongest growing segment is cloud service segment, with the overall global cloud services market size topping nearly 700 billion U.S. dollars in 2019. Others include hardware Support Services and software and BPO services.

IBM is one of the world's leading information technology professional and managed service providers worldwide. Some of the other leading IT service providers include , DXC, Fujitsu, AWS, TCS, etc.

It can be applied to enterprise, financial, government, healthcare & medical, and others. 

LOS ANGELES, United States: The global IT Services market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global IT Services market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global IT Services Market. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global IT Services market. We have also focused on SWOT, PESTLE, and Porter's Five Forces analyses of the global IT Services market.

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 The IT Services research report opens with an executive summary that gives a brief overview of the market. It mentions the leading segments and the players that are expected to shape the market in the coming years. The executive summary offers a glance of the market without any bias. In the succeeding chapters, the research report on the global IT Services market focuses on the drivers. It explains the changing demographic that is expected to impact demand and supply in IT Services market. It delves into the regulatory reforms that are projected to shift perspectives. Additionally, researchers have discussed the very source of the demand to analyze its nature.

The report also sheds light on the restraints present in the global IT Services market. Analysts have discussed the details highlighting the factors that are expected to hamper the growth of the market in the coming years. Evolving lifestyles, taxation policies, and purchasing powers of various economies have scrutinized in great detail. The report presents fair points about how these restraints can be turned into opportunities if assessed properly.

IT Services Market Competitive Landscape

The last chapter of the research report on the global IT Services market focuses on the key players and the competitive landscape present in the market. The report includes a list of strategic initiatives taken by the companies in recent years along with the ones that are expected to happen in the foreseeable future. Researchers have made a note of the financial outlook of these companies, their research and development activities, and their expansion plans for the near future. The research report on the global IT Services market is a sincere attempt at giving the readers a comprehensive view of the market to the interested readers.

IT Services Market Leading Players

IBM, , AWS, Fujitsu, NTT Data, DXC Technology, TCS, Cognizant, Capgemini, Atos, NEC, Infosys, Hitachi, HCL Tech, CGI, Wipro, SAIC, CTSI, BT Group, Chinasoft, Taiji, China Unicom, Teamsun Tech, DCITS, Capita, Xerox, DHC Software, Neusoft

IT Services Market Segmentation

Through the next chapters, the research report reveals the development of the IT Services market segments. Analysts have segmented the market on the basis of product, application, end-users, and geography. Each segment of the global IT Services market has been studied with in-depth insight. Analysts have evaluated the changing nature of the market segments, growing investments in manufacturing activities, and product innovation that are likely to impact them. In terms of geography, the report studies the changing political environment, social upliftment, and other government initiatives that are expected to contribute to the regional markets.

IT Services Segmentation by Product

Hardware Support Services
Software and BPO Services
Cloud Services

IT Services Segmentation by Application

Enterprise
Financial
Government
Healthcare & Medical
Others

Questions answered in the report

Which are the five top players of the global IT Services market?
How will the global IT Services market change in the next five years?
Which product and application will take a lion's share of the global IT Services market?
What are the drivers and restraints of the global IT Services market?
Which regional market will show the highest growth?
What will be the CAGR and size of the global IT Services market throughout the forecast period?
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Table of Contents

1 Study Coverage
1.1 IT Services Product Introduction
1.2 Market by Type
1.2.1 Global IT Services Market Size Growth Rate by Type (2017 VS 2021 VS 2028)
1.2.2 Hardware Support Services
1.2.3 Software and BPO Services
1.2.4 Cloud Services
1.3 Market by Application
1.3.1 Global IT Services Market Size Growth Rate by Application (2017 VS 2021 VS 2028)
1.3.2 Enterprise
1.3.3 Financial
1.3.4 Government
1.3.5 Healthcare & Medical
1.3.6 Others
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global IT Services Market Size Estimates and Forecasts
2.2 IT Services Market Size by Region: 2022 Versus 2028
2.2.1 Global IT Services Revenue by Region: 2017-2022
2.2.2 Global IT Services Revenue Forecast by Region (2023-2028)
2.2.3 Global IT Services Revenue Market Share by Region (2017-2028)
3 Global IT Services by Company
3.1 Global IT Services Revenue by Company (2017-2022)
3.2 Global IT Services Revenue Share by Company (2017-2022)
3.3 Competitive Landscape
3.3.1 Key IT Services Companies around the World: Ranking by Revenue
3.3.2 Global IT Services Market Concentration Ratio (CR5 and HHI) & (2017-2022)
3.3.3 Global IT Services Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.4 Global IT Services Companies Headquarters & Product Type
3.4.1 IT Services Companies Headquarters
3.4.2 Global IT Services Companies Product & Service
3.4.3 Date of International Companies Enter into IT Services Market
3.5 Global IT Services Mergers & Acquisitions, Expansion Plans
4 Company Profiles
4.1 IBM
4.1.1 IBM Corporation Information
4.1.2 IBM Description, Business Overview
4.1.3 IBM IT Services Products Offered
4.1.4 IBM IT Services Revenue and Gross Margin (2017-2022)
4.1.5 IBM IT Services Revenue by Product in 2021
4.1.6 IBM IT Services Revenue by Application in 2021
4.1.7 IBM IT Services Revenue by Geographic Area in 2021
4.1.8 IBM Recent Developments
4.3 AWS
4.3.1 AWS Corporation Information
4.3.2 AWS Description, Business Overview
4.3.3 AWS IT Services Products Offered
4.3.4 AWS IT Services Revenue and Gross Margin (2017-2022)
4.3.5 AWS IT Services Revenue by Product in 2021
4.3.6 AWS IT Services Revenue by Application in 2021
4.3.7 AWS IT Services Revenue by Geographic Area in 2021
4.3.8 AWS Recent Developments
4.4 Fujitsu
4.4.1 Fujitsu Corporation Information
4.4.2 Fujitsu Description, Business Overview
4.4.3 Fujitsu IT Services Products Offered
4.4.4 Fujitsu IT Services Revenue and Gross Margin (2017-2022)
4.4.5 Fujitsu IT Services Revenue by Product in 2021
4.4.6 Fujitsu IT Services Revenue by Application in 2021
4.4.7 Fujitsu IT Services Revenue by Geographic Area in 2021
4.4.8 Fujitsu Recent Developments
4.5 NTT Data
4.5.1 NTT Data Corporation Information
4.5.2 NTT Data Description, Business Overview
4.5.3 NTT Data IT Services Products Offered
4.5.4 NTT Data IT Services Revenue and Gross Margin (2017-2022)
4.5.5 NTT Data IT Services Revenue by Product in 2021
4.5.6 NTT Data IT Services Revenue by Application in 2021
4.5.7 NTT Data IT Services Revenue by Geographic Area in 2021
4.5.8 NTT Data Recent Developments
4.6 DXC Technology
4.6.1 DXC Technology Corporation Information
4.6.2 DXC Technology Description, Business Overview
4.6.3 DXC Technology IT Services Products Offered
4.6.4 DXC Technology IT Services Revenue and Gross Margin (2017-2022)
4.6.5 DXC Technology IT Services Revenue by Product in 2021
4.6.6 DXC Technology IT Services Revenue by Application in 2021
4.6.7 DXC Technology IT Services Revenue by Geographic Area in 2021
4.6.8 DXC Technology Recent Development
4.7 TCS
4.7.1 TCS Corporation Information
4.7.2 TCS Description, Business Overview
4.7.3 TCS IT Services Products Offered
4.7.4 TCS IT Services Revenue and Gross Margin (2017-2022)
4.7.5 TCS IT Services Revenue by Product in 2021
4.7.6 TCS IT Services Revenue by Application in 2021
4.7.7 TCS IT Services Revenue by Geographic Area in 2021
4.7.8 TCS Recent Development
4.8 Cognizant
4.8.1 Cognizant Corporation Information
4.8.2 Cognizant Description, Business Overview
4.8.3 Cognizant IT Services Products Offered
4.8.4 Cognizant IT Services Revenue and Gross Margin (2017-2022)
4.8.5 Cognizant IT Services Revenue by Product in 2021
4.8.6 Cognizant IT Services Revenue by Application in 2021
4.8.7 Cognizant IT Services Revenue by Geographic Area in 2021
4.8.8 Cognizant Recent Development
4.9 Capgemini
4.9.1 Capgemini Corporation Information
4.9.2 Capgemini Description, Business Overview
4.9.3 Capgemini IT Services Products Offered
4.9.4 Capgemini IT Services Revenue and Gross Margin (2017-2022)
4.9.5 Capgemini IT Services Revenue by Product in 2021
4.9.6 Capgemini IT Services Revenue by Application in 2021
4.9.7 Capgemini IT Services Revenue by Geographic Area in 2021
4.9.8 Capgemini Recent Development
4.10 Atos
4.10.1 Atos Corporation Information
4.10.2 Atos Description, Business Overview
4.10.3 Atos IT Services Products Offered
4.10.4 Atos IT Services Revenue and Gross Margin (2017-2022)
4.10.5 Atos IT Services Revenue by Product in 2021
4.10.6 Atos IT Services Revenue by Application in 2021
4.10.7 Atos IT Services Revenue by Geographic Area in 2021
4.10.8 Atos Recent Development
4.11 NEC
4.11.1 NEC Corporation Information
4.11.2 NEC Description, Business Overview
4.11.3 NEC IT Services Products Offered
4.11.4 NEC IT Services Revenue and Gross Margin (2017-2022)
4.11.5 NEC IT Services Revenue by Product in 2021
4.11.6 NEC IT Services Revenue by Application in 2021
4.11.7 NEC IT Services Revenue by Geographic Area in 2021
4.11.8 NEC Recent Development
4.12 Infosys
4.12.1 Infosys Corporation Information
4.12.2 Infosys Description, Business Overview
4.12.3 Infosys IT Services Products Offered
4.12.4 Infosys IT Services Revenue and Gross Margin (2017-2022)
4.12.5 Infosys IT Services Revenue by Product in 2021
4.12.6 Infosys IT Services Revenue by Application in 2021
4.12.7 Infosys IT Services Revenue by Geographic Area in 2021
4.12.8 Infosys Recent Development
4.13 Hitachi
4.13.1 Hitachi Corporation Information
4.13.2 Hitachi Description, Business Overview
4.13.3 Hitachi IT Services Products Offered
4.13.4 Hitachi IT Services Revenue and Gross Margin (2017-2022)
4.13.5 Hitachi IT Services Revenue by Product in 2021
4.13.6 Hitachi IT Services Revenue by Application in 2021
4.13.7 Hitachi IT Services Revenue by Geographic Area in 2021
4.13.8 Hitachi Recent Development
4.14 HCL Tech
4.14.1 HCL Tech Corporation Information
4.14.2 HCL Tech Description, Business Overview
4.14.3 HCL Tech IT Services Products Offered
4.14.4 HCL Tech IT Services Revenue and Gross Margin (2017-2022)
4.14.5 HCL Tech IT Services Revenue by Product in 2021
4.14.6 HCL Tech IT Services Revenue by Application in 2021
4.14.7 HCL Tech IT Services Revenue by Geographic Area in 2021
4.14.8 HCL Tech Recent Development
4.15 CGI
4.15.1 CGI Corporation Information
4.15.2 CGI Description, Business Overview
4.15.3 CGI IT Services Products Offered
4.15.4 CGI IT Services Revenue and Gross Margin (2017-2022)
4.15.5 CGI IT Services Revenue by Product in 2021
4.15.6 CGI IT Services Revenue by Application in 2021
4.15.7 CGI IT Services Revenue by Geographic Area in 2021
4.15.8 CGI Recent Development
4.16 Wipro
4.16.1 Wipro Corporation Information
4.16.2 Wipro Description, Business Overview
4.16.3 Wipro IT Services Products Offered
4.16.4 Wipro IT Services Revenue and Gross Margin (2017-2022)
4.16.5 Wipro IT Services Revenue by Product in 2021
4.16.6 Wipro IT Services Revenue by Application in 2021
4.16.7 Wipro IT Services Revenue by Geographic Area in 2021
4.16.8 Wipro Recent Development
4.17 SAIC
4.17.1 SAIC Corporation Information
4.17.2 SAIC Description, Business Overview
4.17.3 SAIC IT Services Products Offered
4.17.4 SAIC IT Services Revenue and Gross Margin (2017-2022)
4.17.5 SAIC IT Services Revenue by Product in 2021
4.17.6 SAIC IT Services Revenue by Application in 2021
4.17.7 SAIC IT Services Revenue by Geographic Area in 2021
4.17.8 SAIC Recent Development
4.18 CTSI
4.18.1 CTSI Corporation Information
4.18.2 CTSI Description, Business Overview
4.18.3 CTSI IT Services Products Offered
4.18.4 CTSI IT Services Revenue and Gross Margin (2017-2022)
4.18.5 CTSI IT Services Revenue by Product in 2021
4.18.6 CTSI IT Services Revenue by Application in 2021
4.18.7 CTSI IT Services Revenue by Geographic Area in 2021
4.18.8 CTSI Recent Development
4.19 BT Group
4.19.1 BT Group Corporation Information
4.19.2 BT Group Description, Business Overview
4.19.3 BT Group IT Services Products Offered
4.19.4 BT Group IT Services Revenue and Gross Margin (2017-2022)
4.19.5 BT Group IT Services Revenue by Product in 2021
4.19.6 BT Group IT Services Revenue by Application in 2021
4.19.7 BT Group IT Services Revenue by Geographic Area in 2021
4.19.8 BT Group Recent Development
4.20 Chinasoft
4.20.1 Chinasoft Corporation Information
4.20.2 Chinasoft Description, Business Overview
4.20.3 Chinasoft IT Services Products Offered
4.20.4 Chinasoft IT Services Revenue and Gross Margin (2017-2022)
4.20.5 Chinasoft IT Services Revenue by Product in 2021
4.20.6 Chinasoft IT Services Revenue by Application in 2021
4.20.7 Chinasoft IT Services Revenue by Geographic Area in 2021
4.20.8 Chinasoft Recent Development
4.21 Taiji
4.21.1 Taiji Corporation Information
4.21.2 Taiji Description, Business Overview
4.21.3 Taiji IT Services Products Offered
4.21.4 Taiji IT Services Revenue and Gross Margin (2017-2022)
4.21.5 Taiji IT Services Revenue by Product in 2021
4.21.6 Taiji IT Services Revenue by Application in 2021
4.21.7 Taiji IT Services Revenue by Geographic Area in 2021
4.21.8 Taiji Recent Development
4.22 China Unicom
4.22.1 China Unicom Corporation Information
4.22.2 China Unicom Description, Business Overview
4.22.3 China Unicom IT Services Products Offered
4.22.4 China Unicom IT Services Revenue and Gross Margin (2017-2022)
4.22.5 China Unicom IT Services Revenue by Product in 2021
4.22.6 China Unicom IT Services Revenue by Application in 2021
4.22.7 China Unicom IT Services Revenue by Geographic Area in 2021
4.22.8 China Unicom Recent Development
4.23 Teamsun Tech
4.23.1 Teamsun Tech Corporation Information
4.23.2 Teamsun Tech Description, Business Overview
4.23.3 Teamsun Tech IT Services Products Offered
4.23.4 Teamsun Tech IT Services Revenue and Gross Margin (2017-2022)
4.23.5 Teamsun Tech IT Services Revenue by Product in 2021
4.23.6 Teamsun Tech IT Services Revenue by Application in 2021
4.23.7 Teamsun Tech IT Services Revenue by Geographic Area in 2021
4.23.8 Teamsun Tech Recent Development
4.24 DCITS
4.24.1 DCITS Corporation Information
4.24.2 DCITS Description, Business Overview
4.24.3 DCITS IT Services Products Offered
4.24.4 DCITS IT Services Revenue and Gross Margin (2017-2022)
4.24.5 DCITS IT Services Revenue by Product in 2021
4.24.6 DCITS IT Services Revenue by Application in 2021
4.24.7 DCITS IT Services Revenue by Geographic Area in 2021
4.24.8 DCITS Recent Development
4.25 Capita
4.25.1 Capita Corporation Information
4.25.2 Capita Description, Business Overview
4.25.3 Capita IT Services Products Offered
4.25.4 Capita IT Services Revenue and Gross Margin (2017-2022)
4.25.5 Capita IT Services Revenue by Product in 2021
4.25.6 Capita IT Services Revenue by Application in 2021
4.25.7 Capita IT Services Revenue by Geographic Area in 2021
4.25.8 Capita Recent Development
4.26 Xerox
4.26.1 Xerox Corporation Information
4.26.2 Xerox Description, Business Overview
4.26.3 Xerox IT Services Products Offered
4.26.4 Xerox IT Services Revenue and Gross Margin (2017-2022)
4.26.5 Xerox IT Services Revenue by Product in 2021
4.26.6 Xerox IT Services Revenue by Application in 2021
4.26.7 Xerox IT Services Revenue by Geographic Area in 2021
4.26.8 Xerox Recent Development
4.27 DHC Software
4.27.1 DHC Software Corporation Information
4.27.2 DHC Software Description, Business Overview
4.27.3 DHC Software IT Services Products Offered
4.27.4 DHC Software IT Services Revenue and Gross Margin (2017-2022)
4.27.5 DHC Software IT Services Revenue by Product in 2021
4.27.6 DHC Software IT Services Revenue by Application in 2021
4.27.7 DHC Software IT Services Revenue by Geographic Area in 2021
4.27.8 DHC Software Recent Development
4.28 Neusoft
4.28.1 Neusoft Corporation Information
4.28.2 Neusoft Description, Business Overview
4.28.3 Neusoft IT Services Products Offered
4.28.4 Neusoft IT Services Revenue and Gross Margin (2017-2022)
4.28.5 Neusoft IT Services Revenue by Product in 2021
4.28.6 Neusoft IT Services Revenue by Application in 2021
4.28.7 Neusoft IT Services Revenue by Geographic Area in 2021
4.28.8 Neusoft Recent Development
5 Breakdown Data by Type
5.1 Global IT Services Revenue by Type (2017-2022)
5.2 Global IT Services Revenue Forecast by Type (2023-2028)
5.3 IT Services Revenue Marke Share by Type (2017-2028)
6 Breakdown Data by Application
6.1 Global IT Services Revenue by Application (2017-2022)
6.2 Global IT Services Revenue Forecast by Application (2023-2028)
6.3 IT Services Revenue Market Share by Application (2017-2028)
7 North America
7.1 North America IT Services Market Size YoY Growth 2017-2028
7.2 North America IT Services Market Facts & Figures by Country (2017-2028)
7.3 North America IT Services Revenue by Type (2017-2022)
7.4 North America IT Services Revenue by Application (2017-2022)
8 Asia-Pacific
8.1 Asia-Pacific IT Services Market Size YoY Growth 2017-2028
8.2 Asia-Pacific IT Services Market Facts & Figures by Region (2017-2028)
8.3 Asia-Pacific IT Services Revenue by Type (2017-2022)
8.4 Asia-Pacific IT Services Revenue by Application (2017-2022)
9 Europe
9.1 Europe IT Services Market Size YoY Growth 2017-2028
9.2 Europe IT Services Market Facts & Figures by Country (2017-2028)
9.3 Europe IT Services Revenue by Type (2017-2022)
9.4 Europe IT Services Revenue by Application (2017-2022)
10 Latin America
10.1 Latin America IT Services Market Size YoY Growth 2017-2028
10.2 Latin America IT Services Market Facts & Figures by Country (2017-2028)
10.3 Latin America IT Services Revenue by Type (2017-2022)
10.4 Latin America IT Services Revenue by Application (2017-2022)
11 Middle East and Africa
11.1 Middle East and Africa IT Services Market Size YoY Growth 2017-2028
11.2 Middle East and Africa IT Services Market Facts & Figures by Country (2017-2028)
11.3 Middle East and Africa IT Services Revenue by Type (2017-2022)
11.4 Middle East and Africa IT Services Revenue by Application (2017-2022)
12 Supply Chain and Sales Channel Analysis
12.1 IT Services Supply Chain Analysis
12.2 IT Services Key Raw Materials and Upstream Suppliers
12.3 IT Services Clients Analysis
12.4 IT Services Sales Channel and Sales Model Analysis
12.4.1 IT Services Distribution Channel Analysis: Indirect Sales VS Direct Sales
12.4.2 IT Services Distribution Channel Analysis: Online Sales VS Offline Sales
12.4.3 IT Services Distributors
13 Market Dynamics
13.1 IT Services Industry Trends
13.2 IT Services Market Drivers
13.3 IT Services Market Challenges
13.4 IT Services Market Restraints
14 Research Findings and Conclusion
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author Details
15.3 Disclaimer

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