The Worldwide IT Outsourcing Industry is Expected to Reach $610 Billion by 2027 - ResearchAndMarkets.com

The "IT Outsourcing Market Research Report by Service Model, Organization Sizes, Deployment, Industry, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global IT Outsourcing Market size was estimated at USD 413.80 billion in 2021, USD 440.41 billion in 2022, and is projected to grow at a CAGR 6.68% to reach USD 610.12 billion by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the IT Outsourcing Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global IT Outsourcing Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global IT Outsourcing Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global IT Outsourcing Market?

4. What is the competitive strategic window for opportunities in the Global IT Outsourcing Market?

5. What are the technology trends and regulatory frameworks in the Global IT Outsourcing Market?

6. What is the market share of the leading vendors in the Global IT Outsourcing Market?

7. What modes and strategic moves are considered suitable for entering the Global IT Outsourcing Market?

Market Dynamics

Drivers

• Demand for reduce operation cost increase productivity
• Increasing cloud migrations and options of cloud services
• Growing demand from the financial institutions

Restraints

• Growing incidence of data breaches

Opportunities

• Expanding retail & e-commerce end-use segment
• Rapid innovation in services

Challenges

• Fragmented nature of the service

Companies Mentioned

• Accenture PLC
• Amadeus IT Group
• Andela Inc.
• ATOS SE
• BMC Software, Inc.
• Broadcom Corporation
• Capgemini SE
• Cisco Systems, Inc.
• Dell Inc.
• DXC Technologies
• Fujitsu Ltd.
• HCL Technologies Limited
• Hewlett Packard Enterprise Company
• Infosys Limited
• International Business Machines Corporation
• NetScout Systems, Inc.
• NTT Data Corporation
• Oracle Corporation
• Pointwest Technologies
• SAP SE
• Schneider Electric IT Corporation
• Specialist Computer Centres
• Tata Consultancy Services Limited
• Wipro Limited
• WNS Global Services

For more information about this report visit https://www.researchandmarkets.com/r/886fj7

View source version on businesswire.com: https://www.businesswire.com/news/home/20220819005224/en/