Global IT Sourcing Market valued approximately USD xxx million in 2017 is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2018-2025.
IT Sourcing is developing and expanding at a significant pace. The information technology IT outsourcing is precisely referred to as the sub-contracting of specific functions or to pursue resources outside an enterprise for all or an individual part of an IT function that does not need much of technical skills. Short-term assistance or the cheaper rates on simple tasks are the main reasons why companies operating in the present scenario outsourced work. The Outsourcing process allows staffing flexibility for an enterprise along with permits them to bring in additional resources as and when required & further release them when they are done, thus satisfying the cyclic or seasonal demand. The IT outsourcing market is primarily driven owing to the escalating need to optimize business processes, surging integration of application outsourcing and Capacity optimization considering the global scenario.
The regional analysis of the Global IT Sourcing Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest-growing region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2018-2025.
The leading market players mainly include-
Accenture PLC
IBM Corporation
Cisco Systems, Inc
CA Technologies
HP Corporation
Quality Systems, Inc
Synnex Corporation
Dell Technologies, Inc
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
IT Sourcing Market By Services:
Software Development
Web Development
Application Support and Management
Help Desk
Database Development and Management
Telecommunication
IT Sourcing Market By End Users:
Government
BFSI
Telecom
Others
IT Sourcing Market By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global IT Sourcing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investors
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