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IT Services Global Industry takes a Hit as Demand for Cloud Computing Garners Pace

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Published on : May 15, 2017

Albany, New York, May 15, 2017: The research report, titled “IT Services Global Industry Guide 2017,” offers a comprehensive outlook of the drivers and restraints defining the trajectory of the overall market. The 254-page research report is aimed at offering its readers unbiased information about the global market to allow them to make well-informed business decisions. The research report has been compiled using primary and secondary research methodologies that have ensured compilation of accurate information. The publication opens with an executive summary and explains market value forecast. It explains the various factors propelling the global market and the ones restraining it.

The IT industry has had its share of ups and downs. It has witnessed a mammoth spike in certain parts of the world, while growing sluggishly in a few others. The changing economic conditions of various countries, political conditions, and wavering labor force situations have all been responsible for the present state of the IT services global industry. The research report assesses the impact of booming business process outsourcing (BPO) services market along with infrastructure services and application services. The BPO segment of the global IT services industry includes procurement BPO, client relationship management BPO, finance and accounting BPO, knowledge process outsourcing, vertical-specific BPO services, and human resource outsourcing. The infrastructure services include co-location, application hosting and data center, security and storage, and desktop support and management. The application services include application management, development, and testing services.

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According to the research report, the global IT services industry was worth US$585.3 bn in 2016. The infrastructure services segment held a dominant share in the global market, accounting for nearly 40.1% of the total industry’s value. Analysts predict a slowdown in the industry as the demand for cloud computing garners rapid momentum. This shift in demand has made end users rethink the way they spend their money on IT services. The research report includes a SWOT analysis to estimate the growth pattern of each segment in the global market.

In terms of geography, the IT services global industry has been segmented into North America, Europe, Asia Pacific, and Rest of the World. Analysts have thoroughly analyzed how the political, economic, environmental, legal, and technological aspects of these regions is likely to affect the IT services industry in the regional markets.

Some of the leading companies in the global IT services industry are Accenture plc., Fujitsu Limited, Hewlett Packard Enterprise Company, International Business Machines Corporation, NTT Data Corporation, Tata Consultancy Services Limited, Cap Gemini S.A., Atos SE,  T-Systems International GmbH, NEC Corporation, Digital China Holdings Limited,  BT Global Services Ltd, and Cognizant Technology Solutions Corporation. The research report provides a thorough analysis of the competitive landscape present in the global market. The comprehensive analysis includes assessment of the research and development activities of these players and their business and marketing plans.

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