The IT outsourcing market is poised to grow by USD 98 bn during 2020-2024 progressing at a CAGR of almost 5% during the forecast period.
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Technavio has announced its latest market research report titled Global IT Outsourcing Market 2020-2024 (Graphic: Business Wire).
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The report on the it outsourcing market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need to optimize business processes.
The it outsourcing market analysis includes end-user segment, service segment and geography landscape. 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.
This report 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.
The IT outsourcing market covers the following areas:
IT Outsourcing Market Sizing
IT Outsourcing Market Forecast
IT Outsourcing Market Analysis
Companies Mentioned
- Accenture Plc
- Capgemini Service SAS
- Fujitsu Ltd.
- HCL Technologies Ltd.
- Hewlett Packard Enterprise Co.
- International Business Machines Corp.
- Larsen & Toubro Ltd.
- Tata Consultancy Services Ltd.
- Tech Mahindra Ltd.
- and Wipro Ltd.
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Key Topics Covered:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End user placement
- America – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Market opportunity by End user
Market Segmentation by Service
- Market segments
- Comparison by Service placement
- Infrastructure outsourcing – Market size and forecast 2019-2024
- Application outsourcing – Market size and forecast 2019-2024
- Market opportunity by Service
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Accenture Plc
- Capgemini Service SAS
- Fujitsu Ltd.
- HCL Technologies Ltd.
- Hewlett Packard Enterprise Co.
- International Business Machines Corp.
- Larsen & Toubro Ltd.
- Tata Consultancy Services Ltd.
- Tech Mahindra Ltd.
- Wipro Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201123005389/en/