Press release
IT Services Market is estimated to grow at a CAGR of 4.1% during the forecast period 2022 to 2029 | Size, Share, Industry Trends & Forecast
IT Services Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/it-services-market-share-analysis-industry-research/
The factors driving growth of the IT Services Market includes emerging trend of Bring your Own Device (BYOD), rise in the volumes of data generated around the world, surge in the number of data breaches, Government initiatives promoting digitalization, and improvements in the living standards. For instance, almost 15 million data breaches were registered worldwide during the third quarter of 2022, showing an increase of 37%, as compared to previous quarter, which is expected to accelerate the IT Services Market share in the approaching years. Moreover, growing adoption of advanced technologies such as Blockchain, Artificial Intelligence (AI) and Internet of Things (IoT), rise in the launch of innovative services and rapid industrialization, are some of the additional factors supplementing the IT Services Market size. In addition, the increasing investments by major companies on research and development, strategic collaborations, and mergers between enterprises, rising disposable incomes and growing population growth rates, are further contributing to the market growth.
The prominent players operating in the market are Hewlett Packard Enterprise Development LP, Microsoft, Tata Consultancy Services Limited., Citrix Systems, Inc., Cisco Systems Inc, Dell Inc., TOSHIBA CORPORATION, Verizon, IBM Corporation, and Infosys, among others.
Based on Organization Size, the Large Enterprises segment is predicted to grow at a robust CAGR during the forecast period
Increased adoption of advanced technologies such as artificial intelligence and cloud computing, by large organizations, is pushing the segment's growth.
Based on Deployment Type, the Cloud segment is projected to capture the largest market share over the forecast period
Cloud based IT services are increasingly adopted by small and medium sized enterprises because services enhance scalability, and are cost-effective, which is propelling growth of the segment.
Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period
As per the IT Services Market Analysis, Microsoft Corporation, Cisco Systems Inc, and Hewlett Packard Enterprise Development LP, huge volumes of data generated by companies, increasing incidences of cyber-attacks and high per capita incomes, are some of the important factors augmenting the market growth in North America.
Key Developments
In 2020, Infosys Finacle, and RBL Bank, decided to collaborate to migrate the bank's on-premises deployment to a containerised ecosystem, which is managed by Kubernetes and has been certified by Cloud Native Computing Foundation (CNCF).
In 2022, Cisco will offer 5G services to enterprises to reduce customers' technical, financial, and operational risks associated with managing enterprise private 5G networks. Cisco with two leading ORAN vendors will work to incorporate ORAN technology into Cisco Private 5G, which is currently in customer trials with Airspan and JMA.
In 2021 - Zerto, was acquired by Hewlett Packard Enterprise for USD 374 million. This acquisition will expand HPE GreenLake and offer HPE Storage's shift to a cloud-native, software-defined data services business.
Market Segmentation
Segmentation by Service Type
Professional Services
Managed Services
Telecom Services
Segmentation by Organization size
Small and Medium Businesses
Enterprises
Segmentation by Deployment Type
On-Premises
Cloud
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland
GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release IT Services Market is estimated to grow at a CAGR of 4.1% during the forecast period 2022 to 2029 | Size, Share, Industry Trends & Forecast here
News-ID: 2892770 • Views: …
More Releases from Gmi Research
OLED Market is projected to rise at a higher CAGR during the forecast period | S …
The OLED Market is anticipated to expand at a remarkable CAGR during the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/global-oled-market/
The factors driving growth of the OLED Market includes increasing penetration of smartphones and gaming consoles around the world, Government policies supporting OLED lighting research, growing popularity of smart Televisions and improvements in the living standards. For instance, the revenue generated from the sales of video game consoles…
3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period | …
The 3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-3d-printed-drugs-market-by-technique-type/
The factors driving growth of the 3D Printed Drugs Market includes increasing geriatric population around the world, growing demand for soluble drugs, rising prevalence of stroke, Alzheimer's disease and head and neck tumors and improvements in the living standards. For instance, the population aged 60 and…
Virtual Private Cloud Market is expected to grow at a higher CAGR of 23.4% over …
The Virtual Private Cloud Market is projected to grow at a CAGR of 23.4% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-virtual-private-cloud-market/
The factors driving growth of the Virtual Private Cloud Market includes huge volumes of data generated across BSFI, Healthcare and Media & Entertainment industries, rising focus by companies on modernizing IT infrastructure, Government initiatives promoting digitalization, increasing number of data breaches reported around the…
Pest Control Services Market is poised to grow at a robust CAGR during the forec …
The Pest Control Services Market is estimated to grow at a robust CAGR over the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/pest-control-services-market/
The factors driving growth of market includes increasing demand for pest control services from hospitality, pharmaceutical, and food processing industries, growing focus on using biocides, rising concerns related to climate change, and improvements in the living standards. For instance, the market value of biocides worldwide was…
More Releases for Services
Managed Services by Ensure Services
Ensure Services is a leading managed services provider offering comprehensive IT support and solutions designed to streamline operations, improve efficiency, and reduce operational costs for businesses of all sizes. Our managed services are tailored to meet the unique needs of your organization, ensuring you can focus on your core business while we handle your IT infrastructure.
With years of experience and a team of certified professionals, we deliver proactive monitoring, ongoing…
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and…
North & South America Commercial Services Market 2022 (Employment Services, Offi …
The Business Research Company’s Commercial Services Global Market Report 2019 covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. Ratios of market size and growth to related markets, GDP proportions, and expenditure per capita for the market is detailed in the report. Data and analysis throughout the…
AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & …
Kunal Repair & Services is growing on-demand home services platform in India and we are currently operating in Gurgaon. We offer an array of services which include AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & Repair, R.O Services & Repair, Microwave Services & Repair, Geyser Services & Repair. Our operating philosophy for solving this massive problem is - Right price.
To know why we do what we…
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context…
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China.
Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492…
