IT Services Market Forecast Report 2021: USD 478.39 Billion Market Growth Opportunity by 2025 | Technavio – QNT Press Release


NEW YORK, June 13, 2022 /PRNewswire/ — The IT services market share is expected to increase by USD 478.39 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.27% as per the latest market report by Technavio. The IT service market is fragmented and the vendors are deploying growth strategies such as investing in R&D to advance their offerings and increase their consumer base to compete in the market. The market report also offers information on several market vendors, including Accenture Plc, Cognizant Technology Solutions Corp., DXC Technology Co., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Telefonaktiebolaget LM Ericsson, and Toshiba Corp. among others.

  • Fujitsu Ltd. – The company offers IT infrastructure service which follows lean principles, green environmental best practices, and an industrialized approach to technical design.
  • To know about all major vendor offerings –Download a sample now!

Get ready to achieve excellent business outcomes from this exclusive IT Services
report by Technavio. The report will include highlights of the overall market which
includes frequently asked questions such as –

  • What are historical revenue figures and estimated revenue figures as well as CAGR
    during the forecast timeframe?
  • What is the current trend taking place in the market space?
  • Which are business tactics that will influence competitive scenarios along with defining
    the growth potential of the market?
  • What are market drivers, restraints, and challenges impacting demand & growth of the
  • Which regions & segments will garner massive revenue and emerge as market leaders
    in upcoming years?

The competitive scenario provided in the IT Services Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share , etc.Don’t wait, Make a strategic approach & boost your business goals with our IT Services Market Forecast Report – Buy Now!

IT Services Market 2021-2025: Scope

The IT services market report covers the following areas:

IT Services Market 2021-2025: Market Dynamics

  • Market Drivers
    • The growing adoption of edge data centers is a key driving factor impacting the global IT services market growth.
    • The demand for edge data centers is growing owing to an increase in the adoption of cloud services and the generation of a considerable volume, veracity, variety, and velocity of data across enterprises. Google LLC (Google), Inc. (Amazon .com), Apple Inc. (Apple), and Facebook Inc. (Facebook) are some of the companies that are investing significantly in building their own data centers.
    • These companies are the clients of edge data center solution providers. As these companies must build their own data centers, they approach edge data center solution providers for power solutions, DCIM solutions, cooling systems, and security …

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