IT Outsourcing

IT Outsourcing Market by Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), Organization Sizes (Large Enterprises, Small & Medium Enterprises), Deployment, Industry - Global Forecast 2024-2030

SKU
MRR-437896AA3566
Region
Global
Publication Date
February 2024
Delivery
Immediate
2023
USD 469.28 billion
2030
USD 758.67 billion
2024
USD 500.34 billion
CAGR
7.10%
360iResearch Analyst
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[199 Pages Report] The IT Outsourcing Market size was estimated at USD 469.28 billion in 2023 and expected to reach USD 500.34 billion in 2024, at a CAGR 7.10% to reach USD 758.67 billion by 2030.

IT Outsourcing Market
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IT outsourcing services comprise businesses and organizations that contract out various information technology functions to external service providers. This market extends to diverse sectors and company sizes that strive to maximize cost efficiency, access cutting-edge expertise, and concentrate on primary business functions. IT outsourcing serves a wide range of applications, including software and web development, database management, and cloud services across verticals such as healthcare, finance, and telecom, among others. Growth in this sector is propelled by the need for cost reduction, the adoption of cloud and virtualization technologies, and a desire for competitive advantage through specialty IT skills. Challenges such as data security concerns, communication barriers, and consistent quality control hamper the growth of the market. In addition, companies face hurdles such as regulatory complexities and the need for technological agility. Advancements in robotic process automation (RPA), cybersecurity enhancements, diversified multi-cloud strategies, and continuous process optimization research are expected to catalyze business growth within the ever-evolving IT outsourcing domain.
IT Outsourcing Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the IT Outsourcing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the IT Outsourcing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the IT Outsourcing Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, ATOS SE, Capgemini SE, Cisco Systems, Inc., Dell Inc., Fujitsu Ltd., HCL Technologies Limited, Hewlett Packard Enterprise Development LP, Infosys Limited, International Business Machines Corporation, NTT Data Corporation, Oracle Corporation, SAP SE, Schneider Electric, Tata Consultancy Services Limited, and Wipro Limited.

Market Segmentation & Coverage

This research report categorizes the IT Outsourcing Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Service Model
    • Infrastructure as a Service
    • Platform as a Service
    • Software as a Service
  • Organization Sizes
    • Large Enterprises
    • Small & Medium Enterprises
  • Deployment
    • Hybrid Cloud
    • Private Cloud
    • Public Cloud
  • Industry
    • Aerospace & Defense
    • Automotive & Transportation
    • Banking, Financial Services & Insurance
    • Building, Construction & Real Estate
    • Consumer Goods & Retail
    • Education
    • Energy & Utilities
    • Government & Public Sector
    • Healthcare & Life Sciences
    • Information Technology
    • Manufacturing
    • Media & Entertainment
    • Telecommunication
    • Travel & Hospitality

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the IT Outsourcing Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the IT Outsourcing Market?
  3. What are the technology trends and regulatory frameworks in the IT Outsourcing Market?
  4. What is the market share of the leading vendors in the IT Outsourcing Market?
  5. Which modes and strategic moves are suitable for entering the IT Outsourcing Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. IT Outsourcing Market, by Service Model
  7. IT Outsourcing Market, by Organization Sizes
  8. IT Outsourcing Market, by Deployment
  9. IT Outsourcing Market, by Industry
  10. Americas IT Outsourcing Market
  11. Asia-Pacific IT Outsourcing Market
  12. Europe, Middle East & Africa IT Outsourcing Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 396]
  17. List of Companies Mentioned [Total: 16]
Frequently Asked Questions
  1. How big is the IT Outsourcing Market?
    Ans. The Global IT Outsourcing Market size was estimated at USD 469.28 billion in 2023 and expected to reach USD 500.34 billion in 2024.
  2. What is the IT Outsourcing Market growth?
    Ans. The Global IT Outsourcing Market to grow USD 758.67 billion by 2030, at a CAGR of 7.10%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
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