Global IT Outsourcing Market 2022-2026

Global IT Outsourcing Market 2022-2026

Technavio has been monitoring the IT outsourcing market and it is poised to grow by $117.24 mn during 2022-2026, decelerating at a CAGR of 4.12% during the forecast period. Our report on the IT outsourcing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the need to optimize business processes, the need to adhere to regulatory guidelines and ensure compliance, and the rising popularity of SOA.

The IT outsourcing market analysis includes the service segment and geographic landscape.

Technavio's IT outsourcing market is segmented as below:

By Service

• Infrastructure outsourcing
• Application outsourcing

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the rise in the integration of application outsourcing as one of the prime reasons driving the IT outsourcing market growth during the next few years. Also, growing digital transformation in organizations and growing shifts from the CAPEX model to the OPEX model will lead to sizable demand in the market.

Technavio presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters. Our report on the IT outsourcing market covers the following areas:

• IT outsourcing market sizing
• IT outsourcing market forecast
• IT outsourcing market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IT outsourcing market vendors that include Accenture Plc, Acora Ltd, Amdocs Ltd., Atos SE, Capgemini Service SAS, CGI Inc, Cognizant Technology Solutions Corp., Fujitsu Ltd., Genpact Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., ITC infotech India Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd, Unisys Corp., Wipro Ltd., Xerox Holdings Corp., and Larsen and Toubro Ltd. Also, the IT outsourcing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all future growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.