Press release
Surge in IT Services Market: A Look at Projected Growth and Key Trends
IT Services Market Trends
What Is The Projected Market Size Of The Global IT Services Market And Its Growth Rate?
• The IT services market size, which saw substantial growth in recent years, is anticipated to rise from $3444.7 billion in 2024 to $3703.41 billion in 2025, marking a CAGR of 7.5%
• Main growth drivers during this period include increased internet penetration, greater adoption of cloud in SMEs, increased government support, and the COVID-19 pandemic
• Beyond 2025, the market is predicted to continue expanding, reaching $5228.95 billion in 2029 with a CAGR of 9.0%
• Rising e-commerce penetration, increase in smart city developments, emergence of start-ups, and increased adoption of IoT are expected to drive this growth.
What Is Driving The Growth In The IT Services Market?
The growth in the IT Services market is largely driven by the rise in outsourcing services across industries. Businesses are increasingly opting to outsource their computer facilities management and data recovery operations, a trend that is particularly prevalent in emerging markets due to their lower current penetration rates. For instance, according to India-based IT outsourcing company, Radix web, spending on IT outsourcing could reach $1.3 trillion by 2023, further bolstering the growth of the IT services market during the forecast period.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3587&type=smp
Who Are the Key Players Driving IT Services Market Growth?
• Microsoft
• Amazon.com Inc
• International Business Machines Corporation
• Dell Technologies Inc
• SAP SE
• KDDI Corporation
• OpenText Corporation
• Tencent
• CodeLab
• Telefonaktiebolaget lm ericsson
What Are The Key Trends In The IT Services Market?
• Leveraging data analytics
• Using artificial intelligence (AI) to increase efficiency
• Focusing on quantum computing for seamless data encryption
• Leveraging augmented reality
• Cloud desktops
• Strategic partnerships and collaborations
What Are The Segments Of The Global IT Services Market?
• By Type: Hardware Support Services, Software And BPO Services, Cloud Services
• By Enterprise Size: Small And Medium Enterprises (SMEs), Large Enterprises
• By End-Use Industry: BFSI (Banking, Financial Services And Insurance), Retail And Wholesale, Communication, Media And Technology, Manufacturing, Life Science And Healthcare, Other End-Users
Which Region Leads The IT Services Market?
In 2024, North America was the leading region in the IT services market. Asia-Pacific followed as the second-largest region. The IT services market report covers several regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the report for swift delivery:
https://www.thebusinessresearchcompany.com/report/it-services-global-market-report
What Is Covered In The IT Services Market Global Market Report?
- Market Size Analysis: Analyze the IT Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IT Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IT Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IT Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=3587&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Surge in IT Services Market: A Look at Projected Growth and Key Trends here
News-ID: 3837571 • Views: …
More Releases from The Business Research Company
Steady Expansion Forecast for Aggregated Payment Platform Market, Projected to R …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Aggregated Payment Platform Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the cumulative market size of payment platforms has seen swift expansion. The growth is projected from $57.07 billion in 2024 to $65.46 billion in 2025, exhibiting a compound annual growth rate…
2025 Company Secretarial Services Industry Trends Report: Long-Term Outlook Thro …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Company Secretarial Services Market Size By 2025?
The market size for company secretarial services has seen significant growth over the recent years, surging from $6.37 billion in 2024 to $6.85 billion in 2025, signaling a Compound Annual Growth Rate (CAGR) of 7.6%. This historic expansion…
2025-2034 Commercial Vehicle Insurance Market Roadmap: Insights for Competitive …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Commercial Vehicle Insurance Market Size By 2025?
In recent times, the commercial vehicle insurance market has seen robust growth. With a compound annual growth rate (CAGR) of 7.4%, the market value will rise from $141.52 billion in 2024 to $151.98 billion in 2025. Factors such…
Transformative Trends Impacting the Commercial Janitorial Services Market Landsc …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Commercial Janitorial Services Market Size By 2025?
In recent years, the size of the commercial janitorial services market has witnessed significant growth. It is predicted to rise from $70.66 billion in 2024 to $75.77 billion in 2025, indicating a compound annual growth rate (CAGR) of…
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…
