IT Services Outsourcing Market Size USD 1065.10 Bn by 2030

The global IT services outsourcing market size accounted for US$ 530.15 billion in 2021 and is projected to reach around USD 1065.10 billion by 2030, growing at a CAGR of 8.06% from 2022 to 2030.

A growing demand for the use of the virtual software that would be instrumental in performing many functions for the company. The amount of time spent and the amount of cost which goes in the employing of new staff will be one of the reasons why there is a greater demand for outsourcing.

IT Services Outsourcing Key Takeaways:

• The off-shore segment has garnered highest revenue share of over 52% in 2021.
• The on-shore segment contributed 48% revenue share in 2021.
• North America region accounted 42% revenue share in 2021.
• Asia Pacific region accounted 36% revenue share in 2021.

IT Services Outsourcing Market Scope

Report Summary

The global IT services outsourcing market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations. Global IT services outsourcing market study covered in the report spans a forecast period from 2022 to 2030.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the IT services outsourcing market across the globe.

A comprehensive estimate on the IT services outsourcing market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of IT services outsourcing during the forecast period. Price point comparison by region with global average price is also considered in the study

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized IT services outsourcing market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read: Solar Generator Market to Exceed US$ 914.7 Million by 2030

Major Five IT Outsourcing Companies and their Offerings:

• Capgemini Service SAS – The company offers various IT outsourcing services, such as consulting services, to identify, build and carry through transformation programs; technology services, to design, develop and implement a wide range of technology projects; outsourcing services, to manage IT systems for applications and infrastructures of a client and their associated business processes; and local professional services, to provide consulting services for infrastructure, applications, engineering, testing and operations.
• Fujitsu Ltd. – The company offers application outsourcing services such as design, development, testing, and implementation services.
• HCL Technologies Ltd. – The company provides managed services related to the IT industry. These services help organizations to manage growth and meet capacity needs, associated software technology along with complex infrastructure and managing storage assets. HCL Technologies provides an entire suite of managed application services for the IT industry.
• Hewlett Packard Enterprise Co. – The company provides managed services for cloud, telecom industry, security, infrastructure, and information. It provides cloud infrastructure managed services for Microsoft Azure and VMware.
• Larsen & Toubro Ltd. – The company offers IT outsourcing services such as consulting, cloud and infrastructure services, assurance services, cyber defense resiliency services, and application development and management services.

IT Services Outsourcing Market Players

The reports cover key developments in this market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnerships & collaborations.

These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the IT services outsourcing market are anticipated to have lucrative growth opportunities in the future with the rising demand in this global market.

The report also includes the profiles of key IT services outsourcing market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area are:

• Accenture
• Cognizant
• Capgemini
• Infosys
• IBM
• HP
• Oracle

Market Segmentation

By Service

• Application
• Network operations
• Data center operations
• Help desk
• Emerging technology
• Others

By Location

• Offshore
• Onshore

By End User

• BFSI
• Healthcare
• Aerospace and defense
• Telecom and media

Regional Segmentation

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
• Latin America (Brazil and Rest of Latin America)
• Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

• Governmental bodies, and organizations creating economic policies
• National and international social welfare institutions
• Company websites, financial reports and SEC filings, broker and investor reports
• Related patent and regulatory databases
• Statistical databases and market reports
• Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

• Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
• In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global IT services outsourcing market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for IT services outsourcing are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on IT Services Outsourcing Market 

5.1. COVID-19 Landscape: IT Services Outsourcing Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global IT Services Outsourcing Market, By Service

8.1. IT Services Outsourcing Market, by Service, 2022-2030

8.1.1 Application

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Network operations

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Data center operations

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Help desk

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Emerging technology

8.1.5.1. Market Revenue and Forecast (2017-2030)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global IT Services Outsourcing Market, By Location

9.1. IT Services Outsourcing Market, by Location, 2022-2030

9.1.1. Offshore

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Onshore

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global IT Services Outsourcing Market, By End User 

10.1. IT Services Outsourcing Market, by End User, 2022-2030

10.1.1. BFSI

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Healthcare

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Aerospace and defense

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Telecom and media

10.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global IT Services Outsourcing Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Service (2017-2030)

11.1.2. Market Revenue and Forecast, by Location (2017-2030)

11.1.3. Market Revenue and Forecast, by End User (2017-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Service (2017-2030)

11.1.4.2. Market Revenue and Forecast, by Location (2017-2030)

11.1.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Service (2017-2030)

11.1.5.2. Market Revenue and Forecast, by Location (2017-2030)

11.1.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Service (2017-2030)

11.2.2. Market Revenue and Forecast, by Location (2017-2030)

11.2.3. Market Revenue and Forecast, by End User (2017-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Service (2017-2030)

11.2.4.2. Market Revenue and Forecast, by Location (2017-2030)

11.2.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Service (2017-2030)

11.2.5.2. Market Revenue and Forecast, by Location (2017-2030)

11.2.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Service (2017-2030)

11.2.6.2. Market Revenue and Forecast, by Location (2017-2030)

11.2.6.3. Market Revenue and Forecast, by End User (2017-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Service (2017-2030)

11.2.7.2. Market Revenue and Forecast, by Location (2017-2030)

11.2.7.3. Market Revenue and Forecast, by End User (2017-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Service (2017-2030)

11.3.2. Market Revenue and Forecast, by Location (2017-2030)

11.3.3. Market Revenue and Forecast, by End User (2017-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Service (2017-2030)

11.3.4.2. Market Revenue and Forecast, by Location (2017-2030)

11.3.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Service (2017-2030)

11.3.5.2. Market Revenue and Forecast, by Location (2017-2030)

11.3.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Service (2017-2030)

11.3.6.2. Market Revenue and Forecast, by Location (2017-2030)

11.3.6.3. Market Revenue and Forecast, by End User (2017-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Service (2017-2030)

11.3.7.2. Market Revenue and Forecast, by Location (2017-2030)

11.3.7.3. Market Revenue and Forecast, by End User (2017-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Service (2017-2030)

11.4.2. Market Revenue and Forecast, by Location (2017-2030)

11.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Service (2017-2030)

11.4.4.2. Market Revenue and Forecast, by Location (2017-2030)

11.4.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Service (2017-2030)

11.4.5.2. Market Revenue and Forecast, by Location (2017-2030)

11.4.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Service (2017-2030)

11.4.6.2. Market Revenue and Forecast, by Location (2017-2030)

11.4.6.3. Market Revenue and Forecast, by End User (2017-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Service (2017-2030)

11.4.7.2. Market Revenue and Forecast, by Location (2017-2030)

11.4.7.3. Market Revenue and Forecast, by End User (2017-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Service (2017-2030)

11.5.2. Market Revenue and Forecast, by Location (2017-2030)

11.5.3. Market Revenue and Forecast, by End User (2017-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Service (2017-2030)

11.5.4.2. Market Revenue and Forecast, by Location (2017-2030)

11.5.4.3. Market Revenue and Forecast, by End User (2017-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Service (2017-2030)

11.5.5.2. Market Revenue and Forecast, by Location (2017-2030)

11.5.5.3. Market Revenue and Forecast, by End User (2017-2030)

Chapter 12. Company Profiles

12.1. Accenture

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Cognizant

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Capgemini

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Infosys

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. IBM

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. HP

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Oracle

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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