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IT Services Market

IT Services Market Size, Share, Growth Top Companies, Growth and Forecast 2023-2028

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IMARC Group, a leading market research company, has recently releases report titled “IT Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global IT services market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the IT services market?

The global IT services market size reached US$ 1,045.15 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,688.60 Billion by 2028, exhibiting a growth rate (CAGR) of 8.40% during 2023-2028.

What is IT Services?

Information technology (IT) services encompass a broad range of activities designed to manage, implement, and facilitate the use of technology within an organization. These services can include but are not limited to software development, systems integration, network management, cybersecurity, cloud computing, data analytics, and technical support. IT services aim to optimize business operations, enhance productivity, and support an organization’s strategic goals. Companies may have in-house IT departments or may outsource these functions to specialized IT service providers. The latter is particularly common among small and medium-sized enterprises that may not have the resources for a dedicated IT team.

Request for a sample copy of this report: https://www.imarcgroup.com/it-services-market/requestsample

What are the growth prospects and trends in the IT services industry?

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The increasing cybersecurity concerns represents one of the key factors driving the growth of the market across the globe. The rise in cyber threats is compelling organizations to invest in advanced security services, which is fueling the demand for IT services. Companies across industries are embracing digital transformation to remain competitive, which requires specialized IT services to implement and manage these changes. Stricter data protection and compliance regulations like GDPR necessitate specialized IT services to ensure adherence. In line with this, the demand for cloud management services is rising as businesses move operations to the cloud for greater scalability and efficiency which is contributing to the growth of the market. With an exponential increase in data generation, companies are seeking IT services to harness insights for decision-making, which is enhancing the role of data analytics services, thus boosting the market growth. The rise of remote working models is leading to an increased need for IT support services to manage distributed workforces which is facilitating the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Service Type:

  • Professional Services (System Integration and Consulting)
  • Managed Services

Breakup by Enterprise Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by End Use Industry:

  • BFSI
  • Telecommunication
  • Healthcare
  • Retail
  • Manufacturing
  • Government
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Accenture plc
  • Capgemini SE
  • Cisco Systems Inc.
  • Cognizant
  • Dell Technologies Inc.
  • HCL Technologies Limited
  • Hewlett Packard Enterprise Company
  • Infosys Limited
  • Microsoft Corporation
  • TATA Consultancy Services Limited
  • Toshiba Corporation
  • Wipro Limited

Browse the full report with TOC and list of Figures: https://www.imarcgroup.com/it-services-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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