As per this study the Global IT Professional Services Market was valued USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2027 with a CAGR of XX%.
IT professional service is an intangible service that is provided to the organization or a customer to manage a specific part of their business. IT professional services offer integrated services such as project-oriented services, ITO services, IT support and training services, and enterprise cloud computing services into business operations. IT services such as business analytics and cloud-based services help in optimizing business operations and increasing organizational revenues.
The increasing adoption of IT professional services in organizations, as these services can help reduce overall IT costs and capital expenditure, is boosting the market growth. Moreover, growing IT services through cloud computing technology is again fueling market growth. However, concerns regarding data security of cloud-based professional service are likely to impede market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of IT professional services.
The broad IT professional services market has been sub-grouped into type, deployment and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Project-oriented Services
- ITO Services
- IT Support And Training Services
- Enterprise Cloud Computing Services
- Technology Companies
- Consulting Companies
- Marketing & Communication Companies
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for IT professional services in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global IT Professional Services Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the IT professional services market include Accenture PLC, Autotask Corporation, Capgemini SA, DXC Technology Company, Fujitsu Limited, Hewlett Packard Enterprise Development LP (H.P.E.), International Business Machines (IBM) Corporation, Microsoft Corporation, Oracle Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.