North America IT Services Market Expected to Grow $261.5 Million to 2021

The North America IT services market size is expected to grow from USD 175.2million in 2016 to USD 261.5 million by 2021, at a Compound Annual Growth Rate (CAGR) of 8.3%.

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The significant rise in digital data has influenced enterprises to shift towards cloud services and thus has led the adoption of IT services. The market is being driven by factors, such as growing trend of big data & analytics, increased IT spending, and growing interest of small and medium-sized enterprises in adopting IT services.
“Managed services is expected to grow fastest in the North America IT services market”
The managed services segment offers outsourced IT services to meet the IT demands for industries operating in different verticals. The managed services segment is likely to witness considerable growth in the coming years, owing to the companies’ increasing emphasis on core activities and outsourcing of end-to-end IT solutions.

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“Canada is expected to experience extensive growth opportunities in the next few years”
Canada is expected to represent potential opportunities for North America IT services market. This can be majorly attributed to the growth in the IT sector and the increasing adoption of digital technologies by enterprises in the country. Enterprises’ inclination towards IT technologies, such as mobility, cloud services, and data analytics are likely to influence the adoption of North America IT services market in the country in the coming years.
In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people.
The break-up profile of the primary participants is as follows:
 By Company: Tier 1 – 36%, Tier 2 – 21%, and Tier 3 – 43%
 By Designation: C-level – 75%, Director level – 15%, and Others – 10%
 By Region: North America – 70%, Europe – 15%, and APAC – 15%

The IT services segment comprises the major vendors, such as IBM Corporation, HP Enterprise, Accenture PLC, Infosys, Wipro Limited, Cognizant Technology Solutions Corporation, HCL Technologies Limited, Oracle, Tata Consultancy Services, Tech Mahindra, Fujitsu, Capgemini, NTT Data, Hitachi Consulting, Unisys Corporation, Dimension Data, Nokia Networks, Ericsson, and Huawei Technologies Limited.
Research Coverage:
The report includes in-depth competitive analysis of these key players in the North America IT services market, with their company profiles, recent developments, and key market strategies. The research report segments the North America IT services market by type, deployment type, organization size, business function, and vertical.
Reasons to buy the Report
The North America IT services market has been segmented on the basis of types, deployment types, organization size, business functions, and verticals. The report is expected to help the market leaders/new entrants in this market in the following ways:

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