IT Services in North America
Summary
IT Services in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). 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 market involves the design, development, implementation, management, and support of information technology systems and applications for organizations. Market values include revenues generated from (a) signed deals that remain under contract and (b) new contracts signed within that calendar year.
- The North American IT services industry registered revenues of $562.3 billion in 2023, representing a compound annual growth rate (CAGR) of 7.3% between 2018 and 2023.
- The infrastructure services segment accounted for the industry's largest proportion in 2023, with total revenues of $343.9 billion, equivalent to 61.2% of the industry's overall value.
- The US is home to some of the world’s largest technologically advanced companies, including, Amazon, Apple, and Meta Platforms, among others, resulting in significant demand for IT services.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the it services market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the it services market in North America
- 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 North America it services market with five year forecasts by both value and volume
- What was the size of the North America it services market by value in 2023?
- What will be the size of the North America it services market in 2028?
- What factors are affecting the strength of competition in the North America it services market?
- How has the market performed over the last five years?
- Who are the top competitors in North America'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 are the strengths of the leading player?
- 7.4. What are the most recent developments in the market?
- 8 Company Profiles
- 8.1. Accenture plc
- 8.2. International Business Machines Corporation
- 8.3. Cognizant Technology Solutions Corp
- 8.4. Hewlett Packard Enterprise Company
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: North America IT services industry value: $ billion, 2018-23
- Table 2: North America IT services industry category segmentation: % share, by value, 2018-2023
- Table 3: North America IT services industry category segmentation: $ billion, 2018-2023
- Table 4: North America IT services industry geography segmentation: $ billion, 2023
- Table 5: North America IT services industry value forecast: $ billion, 2023-28
- 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: Cognizant Technology Solutions Corp: key facts
- Table 17: Cognizant Technology Solutions Corp: Annual Financial Ratios
- Table 18: Cognizant Technology Solutions Corp: Key Employees
- Table 19: Cognizant Technology Solutions Corp: Key Employees Continued
- Table 20: Hewlett Packard Enterprise Company: key facts
- Table 21: Hewlett Packard Enterprise Company: Annual Financial Ratios
- Table 22: Hewlett Packard Enterprise Company: Key Employees
- Table 23: Hewlett Packard Enterprise Company: Key Employees Continued
- Table 24: North America exchange rate, 2019-23
- List of Figures
- Figure 1: North America IT services industry value: $ billion, 2018-23
- Figure 2: North America IT services industry category segmentation: $ billion, 2018-2023
- Figure 3: North America IT services industry geography segmentation: % share, by value, 2023
- Figure 4: North America IT services industry value forecast: $ billion, 2023-28
- Figure 5: Forces driving competition in the IT services industry in North America, 2023
- Figure 6: Drivers of buyer power in the IT services industry in North America, 2023
- Figure 7: Drivers of supplier power in the IT services industry in North America, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the IT services industry in North America, 2023
- Figure 9: Factors influencing the threat of substitutes in the IT services industry in North America, 2023
- Figure 10: Drivers of degree of rivalry in the IT services industry in North America, 2023
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook