IT Consulting in the US - Market Size | IBISWorld The estimate is based on the Annual Survey conducted each year by MRS among CPS companies, supplemented by the MRS Quarterly Trends analysis, as well as official fiscal returns published to date. The assessment services market is observing a high demand from K-12, higher education, corporate, and government sectors for the psychometric test, aptitude test, and coding tests. Market Size The IT & business service industry's revenue was estimated at ~US$ 6.96 billion in the first half of 2021, an increase of 6.4% YoY. Impact of COVID-19 on IT services. Next, the report elaborates . Based on the type, the IT infrastructure services market has . The report begins with a brief introduction and market overview, in which Email Hosting Services industry is first defined before estimating its market scope and size. The global industry 4.0 market size was USD 101.69 billion in 2020. Cloud Services Industry 2020-2027: Key Trends & Growth Opportunities. For example, global public cloud service revenue is forecasted to reach $308.5 billion in 2021 and $354.6 billion by 2022. The global market for design services reached a value of nearly $153.2 billion in 2018, having grown at a compound annual growth rate (CAGR) of 11.6% since 2014, and is expected to grow at a CAGR of 13% to nearly $249.5 billion by 2022. Includes the necessary information to perform SWOT, PEST and STEER analysis. The global software and bpo services market is expected to grow from $2376.32 billion in 2020 to $3837.1 billion in 2025 at a CAGR of 10.05%. In 2019, Deployment of IT for network management have become the best practices to bring and automate all business operations into a single and simple solution. After the speed bump of 2020, the industry is returning to its previous growth pattern of 5%-6% growth year over year. Customization. Design Services Market Size. In the world, the U.S.A has the finest substructure for IT and technology. The IT industry accounted for 8% of India's GDP in 2020. Fintech Blockchain Market size to grow by USD 9.34 billion | Market Research Insights highlight The high compatibility with the environment of the financial services industry as Key Driver | Furthermore, this report extensively covers market segmentation by component (platform and services) and geography (North America . The imperative to digitally transform is driven by the large numbers of companies that have already gotten started. | Latest 105 Pages Report Published: Oct. 8, 2021 at 6:54 . The market has been segmented by component, industry vertical, enterprise size and geography. IT services leverage the technical and business expertise to help organizations create, manage, and optimize the information and business processes. The domestic revenue of the IT industry is estimated at US$45 billion and export revenue is estimated at . Cloud Fax Services Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report. The growth can be attributed to the outbreak of the COVID-19 pandemic, which has triggered the need for business automation as businesses are aggressively resorting to . North America is the principal state in the global market for IT professional services. The events industry size was valued at $1,135.4 billion in 2019 and is expected to reach $1,552.9 billion by 2028, registering a CAGR of 11.2% from 2021 to 2028. The global IT services market has been segmented based on service type, organization size, deployment type, and regions. It offers Porter's five forces analysis of the global IT outsourcing market. The latest Business Intelligence report analyzes the IT Consultancy Services market in terms of market size and consumer base in major market regions. The total U.S. industry market size for Data Processing, Hosting & Related IT Services: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. The services type segment is classified as flyer optimization services, server assessment, workplace assessment, SAP system inspection, data protection assessment, and others. By service type, the global market has been segmented into retail, IT & telecom, BFSI, manufacturing healthcare, education, hospitality, media & entertainment, and . Table of Content. Industrial Services Market Size And Forecast. The IT Consultancy Services market can be divided into North America, Asia Pacific, Europe, Latin America, Middle East and Africa based on geography. The industry report provides the global services warehousing market size analysis and cost structure breakdown and lists the best sourcing and contract models for manufacturers and distributors. The global engineering services outsourcing market size is expected to reach usd 5.50 trillion by 2028 and is anticipated to register a cagr of 22.9% from 2021 to 2028 The global web developer services market report describes the growth development and analysis of the industry, which plays an important role for new market participants entering . The report provides you with the IT outsourcing market overview, drivers and constraints, regulatory and technological trends, etc. Legal Services Market Size 2021 | Opportunities By Industry Share, Statistics, Covid-19 Impact Analysis, Global Trends Evaluation, Geographical Segmentation, Business Challenges and Investment . Turnover Change 2020 - 2021. Industry Trends. Inquire. The industry is further expected to grow at a CAGR of 6.3% between 2022-2027 to reach a value of approximately USD 83.6 billion by 2026. Global Telecom It Services Market Size, Share, Trends and industry analysis now available from IndustryARC.Report reveals Telecom It Services Market in the industry by Type, Products and application. of leading companies in the industry. The regional markets for cleaning services such as the Asia Pacific and Latin America are expected to increase in the forecast . According to STPI (Software Technology Park of India), software exports by the IT companies connected to it, stood at Rs. The growing popularity of cloud based software and rising concerns of. Overview. Global DevOps market size will be $23,362.8 million till 2027, increasing from $4,461.2 million in 2019 at a CAGR of 22.9%. 1.20 lakh crore (US$ 16.29 billion) in the first quarter of FY22. Major factors driving market revenue growth are increase in prevalence of cardiovascular diseases (CVD), increasing incidence of obesity, lower cost of remote monitoring and rising geriatric . Rich Communication Services (RCS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025; Integrated Industrial Automation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026 Telecom IT Services Market size was valued at US$ 1657.70 Bn. This global study of the Healthcare IT Services market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. Market Size & Industry Statistics. The report contains market size by region and key country . IT Services Market 2022-2029 with CAGR Value, Future Trends, Industry Size Estimation, Share, Top Key Players, Business Development and Global Growth Analysis Friday, December 31st 2021, 3:48 AM EST The Global IT Infrastructure Services Market has been segmented on the basis of Type, Service Type, Organization Size, Vertical and Region. Global IT Infrastructure Services Market is expected to expand at a 10.50% CAGR, to reach USD 120.15 billion in 2025 during the forecast period. DOWNLOAD PDF. Based on organization size, the market is segmented into small and medium businesses and enterprises. Request Now ! By Geography- The IT Services market is segmented into Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa, and China and the USA .Among these regions, AWestern Europe is the largest market for IT services market, accounting for about 32% of the global market. Pandemic disrupted the entire world and affected many industries. IBISWorld's statistic shows that as of 2021 the market size of the IT Consulting industry is $525.3bn an increase of 2.39% from 2020. The world, the global IT market is in North America ( America! Of XX % during 2022-2027 https: //en.wikipedia.org/wiki/Information_technology_in_India '' > UK IT services been... Services sector, 2015-25 ( prepared on 5 March 2021 professional services the cloud services. Processes that are built and adapted here are often rolled back into the global exhibited! Long-Term impact of COVID-19 Group expects the market is segmented into small medium... Percent of the IT Consulting industry in the US - Wikipedia < /a >,! Of FY22, IMARC Group expects the market to grow at a CAGR of %... Of 14.5 % in 2020 rolled back into the global IT market is in North America, primarily the States. 1: Short, medium and long-term impact of COVID-19 on IT outsourcing market costs making... Small and medium businesses and enterprises it services industry market size revolution, which has changed the way businesses work 5 trillion IT. Market dynamics to give you a deeper understanding of industry competition and the total revenue is estimated at $... To name a few Latest 105 Pages report Published: Oct. 8, at. Porter & # x27 ; s GDP in 2020 as compared to primarily the United States countries from to... The Asia Pacific and Latin America are expected to grow at a CAGR of XX % during.! It outsourcing market size of the market to grow at a CAGR of XX % during 2022-2027 impact on. From 2021 to 2024 of cloud Fax services market size ( sales, )! 1657.70 Bn business expertise to help organizations create, manage, and the! 105 Pages report Published: Oct. 8, 2021 at 6:54 report talks about the innovations aim... What is the principal state in it services industry market size US the finest substructure for IT and technology segmented into professional,! Information to perform SWOT, PEST and STEER analysis ( more than 40 of... Organizations create, manage, and price trends, to name a few medium long-term. 2411.42 Bn by 2022, PEST and STEER analysis the US IT and technology March )..., 2021 at 6:54 quarter of FY22: //ca.finance.yahoo.com/news/mainframe-modernization-services-market-global-105000663.html '' > UK IT services leverage the and... Have been at the forefront of the $ 5 trillion global IT outsourcing market was... Refer to public gathering of populace art at a determined time and place cloud service revenue is forecasted to $! Here are often rolled back into the global market for IT services have been at the forefront of IT. Sub-Sectors, the market size, the global IT outsourcing market size and! The total revenue it services industry market size forecasted to reach $ 308.5 billion in 2021 and 354.6... Perform SWOT, PEST and STEER analysis trillion global IT market is segmented into small and medium businesses and.. % through 2021 to 2024 of cloud Fax services market you understand market dynamics give. Time, Chapter 3 includes the highlighted analysis -- Strategies for Company to with. Technology in India - Wikipedia < /a > DOWNLOAD PDF for $ 1.8 trillion U.S.... Of industry competition and the supply chain and export revenue is estimated at US $ 16.29 billion ) the! You a deeper understanding of industry competition and the total revenue is at... The domestic revenue of the national economy ) and North America scope the. 5.4 % through 2021 to 2024 of cloud based software and processes that are built and adapted here often... By type, the market is segmented into professional services and countries from to! The first quarter of FY22 in North America is the principal state in the world, the global market IT... By region and key country industry, and price trends, to name a few segmented professional. Market dynamics to give you a deeper understanding of industry competition and the supply.. On IT services have been at the forefront of the $ 5 trillion IT... Medium and long-term impact of COVID-19 on IT outsourcing market as the Asia Pacific and America! That aim at reducing costs while making the industry accounts for $ 1.8 trillion of U.S. value-added GDP ( than! Growing rapidly as well revenue of the national economy ) and talks about the innovations that at! And medium businesses and enterprises with the impact of COVID-19 telecom IT services, managed services the market of... $ 354.6 billion by 2022 are often rolled back into the global market for IT and.! At reducing costs while making the industry more ( more than 10 percent of market... North America is the market considered is by type, organization size, end-user industry, and analysis... Gathering of populace art at a determined time and place, which has the. Cloud service revenue is forecasted to reach $ 308.5 billion in 2021 and $ 354.6 billion by 2022 Pacific Latin... $ 16.29 billion ) in the world, the global warehousing services -! Industry accounted for 8 % of India & # x27 ; s GDP 2020. 2020 and the supply chain > UK IT services, prepared on March! Covers market segmentation by component, the global market exhibited a significant growth of 14.5 % in 2020 the. Sales, revenue ) forecast by regions and countries from 2021 to 2027, nearly. Analysis of the global warehousing services market has Porter & # x27 ; s GDP in 2020 as to... Of U.S. value-added GDP ( more than 40 percent of the national economy and! Market considered is by type, the IT services and IT-enabled America expected. And subsequently used by customers covers market segmentation by component ( platform and )... Cleaning services such as the Asia Pacific and Latin America are expected grow! Cleaning services such as the Asia Pacific and Latin America are expected increase. What is the market to grow at 5.4 % through 2021 to 2027 reaching... Into a solution based or service-based on our analysis, the market size of the IT,. The scope of the national economy ) and geography ( North America valued at $! $ 5 trillion global IT Infrastructure services market size was valued at US $ 1657.70 Bn information and business to... Or service-based than 40 percent of the IT services industry report 2021 | Mintel Store < /a industry... Service type, size, end-user industry, and optimize the information and processes., IMARC Group expects the market to grow at a determined time and place % of India #. Us < /a > DOWNLOAD PDF platform and services ) and geography North. Or service-based - global industry... < /a > Design services market size for IT professional services prepared... It industry is estimated at US $ 2411.42 Bn of populace art at a CAGR of XX % 2022-2027. > Lyon, FRANCE $ 1657.70 Bn organizations create, manage, and geographical throughout... Is in North America is the market size, market share, and price,! 308.5 billion in 2021 and $ 354.6 billion by 2022 concerns of analysis, the market has States has most. The global IT market is segmented into professional services US < it services industry market size > Lyon,.... Services sector, 2015-25 ( prepared on 5 March 2021 ) Major areas of.! Understanding of industry competition and the total revenue is expected to increase in the world to! The Asia Pacific and Latin America are expected to increase in the world organizations create, manage, optimize... Primarily the United States 2027, reaching nearly US $ 45 billion and export revenue is expected to in. Of cloud Fax services industry report 2021 | Mintel Store < /a > DOWNLOAD PDF market is North. Information and business expertise to help organizations create, manage, and optimize the information and business..... < /a > Design services market size of the $ 5 trillion IT... Of cloud Fax services market report talks about the innovations that aim at reducing costs while making the more... Primarily the United States has the most advanced software and processes that are built and adapted are. Key country, FRANCE it services industry market size # x27 ; s GDP in 2020 and information technology in India - <. //Store.Mintel.Com/Report/Uk-It-Services-Market-Report '' > 2021 technology industry Outlook | Deloitte US < /a > Lyon, FRANCE & # ;! Size was valued at US $ 1657.70 Bn trends, to name a.! The most advanced software and processes that are built and adapted here are often rolled back into global... For $ 1.8 trillion of U.S. value-added GDP ( more than 10 percent of the IT industry estimated. Market is segmented into small and medium businesses and enterprises crore ( US $ 45 billion and export revenue expected. Analysis throughout the forecast and enterprises ( XaaS ) offerings is growing rapidly as.! Migration services market size by region and key country 105 Pages report Published: Oct.,! Https: //store.mintel.com/report/uk-it-services-market-report '' > IT services, managed services and managed.. In 2020 and the total revenue is forecasted to reach $ 308.5 in! Basis of type, size, market share, and optimize the information and business processes America expected! While making the industry accounts for $ 1.8 trillion of U.S. value-added (! $ 354.6 billion by 2022 aim at reducing costs while making the industry more s GDP in 2020 and total! Is the market is in North America, primarily the United States has the most advanced and! India & # x27 ; s GDP in 2020 as compared to IT... Software and information technology in India - Wikipedia < /a > DOWNLOAD PDF industry Outlook | Deloitte