Global IT Outsourcing Market 2024-2028
IT Outsourcing Market 2024-2028
The IT outsourcing market is forecasted to grow by USD 129.4 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The 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 regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need to optimize business processes, need to adhere to regulatory guidelines and ensure compliance, and rising popularity of SOA.
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 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.
The report on the IT outsourcing market covers the following areas:
- IT Outsourcing Market sizing
- IT Outsourcing Market forecast
- IT Outsourcing Market industry analysis
The 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 Services 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., Larsen and Toubro Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., Unisys Corp., Wipro Ltd., and Xerox Holdings Corp.. 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 forthcoming 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.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of 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 primary and secondary research. The 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.