These technological deployments need a skilled and experienced workforce, thus fueling the market growth. Cord Blood Banking Services Market Size 2020, Covid 19 Impact Analysis, Global Industry Research, Report, Growth, Technology Development Trends, SWOT Analysis, Top Company Profile, Key Regions . "Size of The Information Technology (It) Services Market Worldwide from 2014 to 2020 (in Billion U.S. As soon as this statistic is updated, you will immediately be notified via e-mail. Ministry of Electronics and Information Technology (MEITY) has approved 67 proposals worth $ 2.5 bn; 16 venture funds have been set up and equity inflow of $ 1.8 bn in computer software and hardware . The aerospace & defense segment is projected to have substantial growth owing to increasing adoption of autonomous systems, AI, sensors, and additive manufacturing in the sector. This website is secure and your personal details are safe. The growing popularity of cloud based software and rising concern to automate business processes are . Global IVF Services Market Size 2020 By Emerging Trends, Industry Share, Growth Strategy, Developing Technologies and SWOT Analysis till 2027. That's not money you want to leave on the table. Intense competition in the market has now shifted the focus to cost-effectiveness, innovation, and quality of the service. Companies, as well as their vendors, strive to implement state-of-the-art technologies in their business processes. Data Integration is a process of combining of different sets of data from different sources or organization to create valuable information. Therefore, the industry is observing a shift towards onshoring information technology operations. [346 Pages Report] The global cloud computing market size is expected to grow from USD 445.3 billion in 2021 to USD 947.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period. MarketsandResearch.biz has recently added a new study titled Global SAP S4 Systems Integrator Services Market 2020 by Company, Regions, Type and Application, Forecast to 2025.The report delivers a set of essential analyses related to the values as well as existing business scenarios available in the respective industry. Found inside – Page 53[21] [22] [23] [7] Market Size of the Global Textile and Apparel Industry: 2015 to 2020, https://shenglufashion.wordpress.com/2017/06/06/market-size-of-the-global-textile-and-apparelindustry-2015-to-2020/. [8] Bhatia SC. Delegation of time-consuming and tedious tasks to service providers empowers businesses to concentrate on their central functionalities and reduces the load on their internal resources. The global IT services outsourcing market size was valued at USD 520.74 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2020 to 2027. An extensive historical review and five-year forecast through 2025 of the worldwide semiconductor market is provided. The IT Infrastructure services market is likely to increase at a CAGR of 9.76% during 2021-2026. Found inside – Page 244By volume, the global bottled water market is expected to grow at a CAGR of 8.3% during the forecast period from 2014 to 2020 to reach a market size of 465.12 billion liters by 2020. In 2013, the volume of the market was 267.91 billion ... The market is also progressing owing to the ever-increasing demand for consultancy related projects. METHODOLOGY. However, the global market is witnessing a shrink in its growth rate due to increasing number of Global In-house Centers (GICs) of companies. Development of the Industrial Internet of Things (IIoT) across the Industry 4.0 platform is expected to fuel the demand for IT operations within the hybrid information technology-managed environment. The IT industry accounted for 8% of India's GDP in 2020. Found inside(2020). Population by age groups, and gender 2019 [Data file]. Retrieved from https://www.stats.gov.sa/en/43 GetFit. (2020). ... Retrieved from https://www.statista.com/statistics/275035/global-market-size-of-the-health-club-industry/ ... The other end-use segment includes automobile, energy, public service, and utility sector. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. Various key companies in the industry, such as NTT Data and Capgemini, have implemented the multi-sourcing models. The emerging technologies such as big data has also fuelled the growth of IT Infrastructure Services Market. While technology spending in APAC has increased, the setback due to the recent COVID-19 pandemic is imminent. Free business intelligence platform with subscription, 4. 1. Found inside – Page 182Volume 1: Health for All - Challenges and Opportunities in Healthcare Management Basanta Kumara Behera, Ram Prasad, ... In 2020, global advertising for the health-care industry in the United States was about 5%, turning it into a $36 ... Copyright © 2021 Grand View Research, Inc. All rights reserved. Found insideAccording to O'Connell (2020), the global sport market value was approximately U.S.$471 billion in 2018. ... China is of the largest market size with emerging sport investments and government support to develop sport infrastructure and ... The global business software and services market size was valued at USD 389.86 billion in 2020. The industry is anticipated to witness substantial demand for IT operations so as to allow companies to focus on their core tasks and reduce the operational costs. Global Specialty Pharmacy Services Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) HTF3029950 Report Format PDF IT Services Market Company Analysis15.1 Market Share, Company Revenue, Products, M&A, Developments15.2 Accenture PLC15.3 Capgemini15.4 Cognizant Technology Solutions Corporation15.5 Ericsson15.6 Fujitsu15.7 HCL Technologies Limited15.8 Hewlett Packard Enterprise15.9 Huawei Technologies Co. Ltd.15.10 IBM Corporation15.11 Infosys15.12 Nokia Networks15.13 Oracle Corporation15.14 Tata Consultancy Services15.15 Tech Mahindra15.16 Wipro Limited, For more information about this report visit https://www.researchandmarkets.com/r/7elav0. This requirement further accelerate the IT services market from IT infrastructure service application.Cloud based IT services are gaining popularity owing to low cost of deployment. The global architectural services market size was estimated at $288.65 Billion in 2019 and it is expected to reach USD 356.25 Billion by 2025, to grow at a CAGR of 5.2% between 2020 to 2027. As a Premium user you get access to background information and details about the release of this statistic. The space launch services market is associated with the activities carried out by space launch service providers. New Report On Global IT Spending in Financial Services Market Size, Status and Forecast 2020-2026 added to Orbisresearch.com store which has 130 pages and available for purchase at US $ 3900. Global IVF Services Market. Managed services market size forecast worldwide 2020-2026 Global outsourcing industry revenue by service type 2010-2019 Companies outsourcing with active ITO and BPO contracts worldwide 2010-2019 Then you will be able to mark statistics as favourites and use personal statistics alerts. Moreover, on-shore activities enable the businesses to partner with the vendors in their time zone and work inside the same legal authority. Furthermore, telecom operators are under relentless pressure to manage their principal disbursements in network deployment to cut their operating costs. Found insideThe global B2B market size is expected to be around $700 billion by 2020, according to an April 2016 report by the Confederation of Indian Industry and Deloitte. • As a higher number of MSMEs come online, the digital services market ... Managed Services Market size exceeded USD 190 billion in 2019 and is expected to grow at over 10% CAGR from 2020 to 2026. Pune, India, Oct. 21, 2021 (GLOBE NEWSWIRE) -- The global CRO Services Market size is slated to hit USD 90,926.3 million by 2026, displaying a CAGR of 11.4% during the forecast period. The global IT services outsourcing market size was valued at USD 520.74 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2020 to 2027. "The quality of research they have done for us has been excellent...". The majority of technology-driven companies are based in North America, and the region has been observing higher revenue share due to the early adoption of new technologies. Lack of standardization would lead end users to spend in IT services with uncertain ROI, which may inhibit the IT services industry growth. Similarly, with cloud based IT services, scale up and scale down of businesses can be achieved easily. A typical IT service deployment may cost between $75 to $300 per users. Smartphone market share worldwide by vendor 2009-2021, Apple iPhone unit sales worldwide 2007-2018, by quarter, Global market share held by smartphone operating systems 2009-2018, by quarter, Virtual reality (VR) - statistics & facts, Research expert covering the IT services industry, Profit from additional features with an Employee Account. Similarly, the emerging big data technology and rising number of connected devices across enterprises are increasing the demand for IT service management and information security management platform.Key Takeaways. In, HfS Research . The updated Global Manned Security Services Market Report 2020 by Manufacturers, Regions, Type and Application, Forecast till 2025 is compiled by expert industry analysts. The industry is projected to reach a value of USD 302 billion in 2026 owing to the rising demand and technological advancements in the automotive industry. Service providers are coming up with different operational and pricing models to gain a competitive edge over others. Found inside – Page 1964... 2010–2024) 1.8 Cloud infrastructure services vendor market share (in %, worldwide, 2017– 2020) 1.9 Global AI market size (in billion USD, 2015–2023) 1.10 The mechanisms of datafication 2.1 How is market changing? The growing vigilance regarding data security and customer-centricity in projects, especially in the aerospace & defense and BFSI sectors, are fuelling the demand for information technology services outsourcing. Onshoring of IT operations mitigates the hurdles of off-shore outsourcing. Cloud based IT Services is expected to grow at a CAGR of 9.98% during 2021-2026. Thus, lack of ineffective IT services may cost a huge financial burden for the enterprises. You need at least a Single Account to use this feature. IT Services - By Application Type (Market Size -$Million / $Billion)13. When typing in this field, a list of search results will appear and be automatically updated as you type. Are you interested in testing our corporate solutions? The growth of IT operations outsourcing is further anticipated to be driven by the commencement of digitization trends prompting the SMBs as well as the large businesses to opt for advanced IT infrastructure. Please fill out the form below for a free PDF report sample & The forecasts are presented in terms of dollars, unit shipments, and average selling price, as well as by region and electronic system type. The indirect costs of quality lapse, communication gap, and security & intellectual property risks are lesser in onshoring. The rising penetration IoT based devices and large volume of data generation in enterprises are creating new opportunity for IT services market. [174+ Pages Research Study] According to market research study published by Facts and Factors, the demand analysis of global Consumer Genomics Market size & share revenue is expected to grow from . Found inside – Page 393Big Data Market Size Revenue Forecast Worldwide From 2011 to 2027. Retrieved May 2020 , from https://www.statista.com/statistics/254266/global-big-data-market-forecast/ Statista . ( 2020b ) . Internet Usage Statistics : The Internet Big ... Found insideThe global contactless payment market size is expected to nearly double in five years, increasing from $10.3 billion in 2020 to $18 billion by 2025, or at a compound annual growth rate (CAGR) of 11.7% (Lulic, 2020). Found insideData center growth in the United States: Decoupling the demand for services from electricity use. ... Retrieved from https://www.ipcc.ch/sr15/ 3 Global electronic components market 2020 by manufacturers, regions, type and application, ... This tightens the competition in the already saturated industry and makes it mandatory for the service providers to deliver value. Found inside – Page xcviiiIncome distribution, market size, and industrialization. ... Available at www.pewresearch.org/global/2018/12/06/image-of-putin-russia-suffers-internationally/ on 36 Chun, N., Hasan, ... Deloitte Global Services Report, 16 January. Hence, enterprises, especially Small & Medium Businesses (SMBs), are largely deploying Software as a Service (SaaS) model and Infrastructure as a Service (IaaS) model, which has compelled the service providers to capitalize on the cloud-based offerings. Show publisher information 1. Avail customized purchase options to meet your exact research needs. No purchase commitment. Forecast Overview. The BFSI segment registered the largest revenue share in 2019. Found inside – Page 354application, end user, region, global industry analysis, market size, share, growth, trends, and forecast 2018 to 2025,' ... 57 Statista (2020) 'Smartwatch shipments worldwide from 2018 to 2023,' Available at: https://www.statista.com/ ... IT Services Market - By Organization Size (Market Size -$Million / $Billion)9. Complimentary 10 hours free analyst time for market review, 3. The consulting industry stands to take a sizeable hit from the Covid-19 crisis, and according to the latest estimates, it will be worth around 18% lower at end of 2020 as a result.
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