IT outsourcing is the use of external third party service providers for doing the IT-enabled business process. IT outsourcing helps the company to efficiently get the IT function done by external vendors saving enterprise money and time. The global IT Outsourcing market is growing rapidly due to the increased focus on reducing the operational cost. Various big market players like IBM, Accenture, and Dell are focusing on providing better services to their clients with the aim of growing in terms of revenue and customers. Several organizations are outsourcing their IT functions to these vendors to save time and money, get better services. Increased focus towards reducing operational cost, growing digitalization among various organizations are expected to drive the growth of IT outsourcing market whereas increasing frauds is the primary factor that may slow down the growth of this market.
Some of the key players influencing the IT outsourcing market: Accenture PLC, APC (Schneider Electric), CapGemini, Cognizant, Dell, HCL Technologies Limited, IBM Corporations, Infosys Limited, Tata Consultancy Services Limited, and Wipro Technologies among others.
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The report provides a detailed overview of the IT outsourcing industry including both qualitative and quantitative information. It provides an overview and forecast of the global IT outsourcing market based on by service and end-user. It also provides market size and forecast till 2027 for overall IT outsourcing market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting IT outsourcing market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis. Further, the report also includes ecosystem analysis for the IT outsourcing market.Also, key market players influencing the IT outsourcing market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, a key development in the past five years.
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