Global IT Services Market Summary, Competitive Analysis and Forecast to 2027
Summary
Global IT Services industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The IT services industry is valued as the combination of the business process outsourcing (BPO) services market, the application services market and the infrastructure services market. Values include revenues generated from (a) signed deals that remain under contract and (b) new contracts signed within that particular calendar year.
- The global IT services industry had total revenues of $1,422.3 billion in 2022, representing a compound annual growth rate (CAGR) of 10.5% between 2017 and 2022.
- The infrastructure services segment accounted for industry's the largest proportion in 2022, with total revenues of $891.7 billion, equivalent to 62.7% of the industry's overall value.
- The global IT services industry still experienced strong growth and is anticipated to continue growing over the coming years, despite the decline in the economy and rising inflation. This is due to the demand for improved operating resilience and increased operational resilience and accelerated investments in digital transformation.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the it services market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global it services market
- Leading company profiles reveal details of key it services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global it services market with five year forecasts by both value and volume
- What was the size of the Global it services market by value in 2022?
- What will be the size of the Global it services market in 2027?
- What factors are affecting the strength of competition in the Global it services market?
- How has the market performed over the last five years?
- Who are the top competitors in the global's it services market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What has been the recent M&A activity?
- 7.4. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. Accenture plc
- 8.2. International Business Machines Corporation
- 8.3. Hewlett Packard Enterprise Company
- 8.4. Fujitsu Limited
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. About MarketLine
- List of Tables
- Table 1: Global IT services industry value: $ billion, 2017–22
- Table 2: Global IT services industry category segmentation: % share, by value, 2017–2022
- Table 3: Global IT services industry category segmentation: $ billion, 2017-2022
- Table 4: Global IT services industry geography segmentation: $ billion, 2022
- Table 5: Global IT services industry value forecast: $ billion, 2022–27
- Table 6: Accenture plc: key facts
- Table 7: Accenture plc: Annual Financial Ratios
- Table 8: Accenture plc: Key Employees
- Table 9: Accenture plc: Key Employees Continued
- Table 10: Accenture plc: Key Employees Continued
- Table 11: Accenture plc: Key Employees Continued
- Table 12: International Business Machines Corporation: key facts
- Table 13: International Business Machines Corporation: Annual Financial Ratios
- Table 14: International Business Machines Corporation: Key Employees
- Table 15: International Business Machines Corporation: Key Employees Continued
- Table 16: International Business Machines Corporation: Key Employees Continued
- Table 17: Hewlett Packard Enterprise Company: key facts
- Table 18: Hewlett Packard Enterprise Company: Annual Financial Ratios
- Table 19: Hewlett Packard Enterprise Company: Key Employees
- Table 20: Hewlett Packard Enterprise Company: Key Employees Continued
- Table 21: Fujitsu Limited: key facts
- Table 22: Fujitsu Limited: Annual Financial Ratios
- Table 23: Fujitsu Limited: Key Employees
- Table 24: Fujitsu Limited: Key Employees Continued
- Table 25: Global exchange rate, 2018–22
- List of Figures
- Figure 1: Global IT services industry value: $ billion, 2017–22
- Figure 2: Global IT services industry category segmentation: $ billion, 2017-2022
- Figure 3: Global IT services industry geography segmentation: % share, by value, 2022
- Figure 4: Global IT services industry value forecast: $ billion, 2022–27
- Figure 5: Forces driving competition in the global IT services industry, 2022
- Figure 6: Drivers of buyer power in the global IT services industry, 2022
- Figure 7: Drivers of supplier power in the global IT services industry, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the global IT services industry, 2022
- Figure 9: Factors influencing the threat of substitutes in the global IT services industry, 2022
- Figure 10: Drivers of degree of rivalry in the global IT services industry, 2022
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