0

IT Outsourcing Market by Service and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 120
  • SKU: IRTNTR41083
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The IT outsourcing market share is expected to increase by USD 117.24 million from 2021 to 2026, at a CAGR of 4.12%.

This IT outsourcing market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers IT outsourcing market segmentations by service (infrastructure outsourcing and application outsourcing) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The IT outsourcing market report also offers information on several market vendors, including Accenture Plc, Acora Ltd, Amdocs Ltd., Atos SE, Capgemini Service SAS, CGI Inc, Cognizant Technology Solutions Corp., Fujitsu Ltd., Genpact Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., ITC infotech India Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd, Unisys Corp., Wipro Ltd., Xerox Holdings Corp., and Larsen and Toubro Ltd. among others.

What will the IT Outsourcing Market Size be During the Forecast Period?

IT Outsourcing Market Size

Download Report Sample to Unlock the IT Outsourcing Market Size for the Forecast Period and Other Important Statistics

 

IT Outsourcing Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The need to optimize business processes is notably driving the IT outsourcing market growth, although factors such as data privacy and security risks in cloud-based services may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the IT outsourcing market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key IT Outsourcing Market Driver

The need to optimize business processes is one of the key drivers supporting the IT outsourcing market growth. Organizations need strategic planning that is aligned with their operational strategy to innovate their product and service offerings. IT outsourcing is helping organizations to align their project management planning with their business objectives for innovations and sustainable development. Enterprises, including biopharmaceuticals and chemicals, in the manufacturing marketplace, are under constant pressure to increase their profit margins, reduce the time to market, and optimize processes across all aspects of their businesses. Therefore, the need to improve processes, reduce waste, and maintain quality standards are factors driving the adoption of IT outsourcing services.

Key IT Outsourcing Market Trend

The rise in the integration of application outsourcing is one of the key IT outsourcing market trends contributing to market growth. To deal with the competition in the market, organizations are outsourcing their IT application services to IT outsourcing providers. Meanwhile, IT outsourcing vendors have a proven track record of success in reducing operating costs and improving end-user experiences with a standardized approach. This methodology improves quality, limits risk, and reduces the time-to-market for new business functionalities. Moreover, many application outsourcers are offering global offshoring capabilities, which blend the global delivery model and provide clients with a skilled workforce. This, in turn, will boost the market growth in the coming years.

Key IT Outsourcing Market Challenge

Data privacy and security risks in cloud-based services is one of the factors hampering the IT outsourcing market growth. Cloud security management is a challenging task for vendors to protect online data. Enterprises, including SMEs and large enterprises, are outsourcing their IT activities as this offers various advantages, such as low operational costs and an increase in flexibility and scalability. Although IT outsourcing confers numerous benefits, it has a few associated security and privacy concerns. The lack of secure IT infrastructure and small internal budgets make SMEs more vulnerable to threats, resulting in cyber-attacks such as ransomware. These attacks result in the loss of the target company's sensitive data, financial theft, or disruption in business operations. Hence, data security concerns are becoming a great challenge for vendors outsourcing IT activities and are hampering the growth of the market.

This IT outsourcing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global IT outsourcing market as a part of the global IT consulting and other services market within the global IT services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the IT outsourcing market during the forecast period.

Who are the Major IT Outsourcing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accenture Plc
  • Acora Ltd
  • Amdocs Ltd.
  • Atos SE
  • Capgemini Service SAS
  • CGI Inc
  • Cognizant Technology Solutions Corp.
  • Fujitsu Ltd.
  • Genpact Ltd.
  • HCL Technologies Ltd.
  • Hewlett Packard Enterprise Co.
  • Infosys Ltd.
  • International Business Machines Corp.
  • ITC infotech India Ltd.
  • Tata Consultancy Services Ltd.
  • Tech Mahindra Ltd
  • Unisys Corp.
  • Wipro Ltd.
  • Xerox Holdings Corp.
  • Larsen and Toubro Ltd.

 

This statistical study of the IT outsourcing market encompasses successful business strategies deployed by the key vendors. The IT outsourcing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Capgemini Service SAS - Under the strategy and transformation segment, the company offers technology, data science, and creative design fields to support clients within the digital economy. 
  • Capgemini Service SAS - The company offers IT outsourcing such as IT consulting and other services. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The IT outsourcing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.

IT outsourcing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the IT outsourcing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for IT Outsourcing Market?

IT Outsourcing Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

40% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for IT outsourcing market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Another region offering significant growth to vendors is North America. The ease of virtualization and dynamic scaling will facilitate the IT outsourcing market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic positively impacted the growth of the regional market. However, in 2021, the removal of lockdowns owing to the initiation of large-scale vaccination drives in various countries such as the US, Canada, and Mexico in North America, coupled with increased funding toward the development of IT infrastructure in end-user industries, including BFSI, healthcare, retail, and manufacturing, in 2021. Such factors are expected to lead to the growth of the market during the forecast period.

What are the Revenue-generating Service Segments in the IT Outsourcing Market?

IT Outsourcing Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The IT outsourcing market share growth in the infrastructure outsourcing segment will be significant during the forecast period. Infrastructure outsourcing provides solutions pertaining to network, storage, and applications related to cloud and virtualization. Additionally, flexibility in infrastructure outsourcing allows enterprises to enhance existing customer relationships, expand the customer base, and achieve new levels of innovation. These factors of infrastructure outsourcing will propel the market growth in the forecasted period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the IT outsourcing market size and actionable market insights on the post-COVID-19 impact on each segment.

You may be interested in:

China IT Outsourcing Market - The market share is to grow at a CAGR of 25.01 percent over the period 2013-2018.

IT Business Process Outsourcing (BPO) market - The market share is expected to increase by USD 281.25 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.12%.

Africa IT Outsourcing market - The market share will grow at a CAGR of around 7% during the forecast period. 

APAC IT Outsourcing market - The market share will grow at a CAGR of almost 6% during the forecast period. 

Belarus IT Outsourcing market - The market share will grow at a CAGR of 17.78 percent over the period 2013-2018.

IT Outsourcing Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.12%

Market growth 2022-2026

$117.24 million

Market structure

Fragmented

YoY growth (%)

4.47

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key consumer countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accenture Plc, Acora Ltd, Amdocs Ltd., Atos SE, Capgemini Service SAS, CGI Inc, Cognizant Technology Solutions Corp., Fujitsu Ltd., Genpact Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., ITC infotech India Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd, Unisys Corp., Wipro Ltd., Xerox Holdings Corp., and Larsen and Toubro Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this IT Outsourcing Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive IT outsourcing market growth during the next five years
  • Precise estimation of the IT outsourcing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the IT outsourcing industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of IT outsourcing market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1. Executive Summary                           

                1.1 Market Overview

                                Exhibit 01:  Executive Summary – Chart on Market Overview

                                Exhibit 02:  Executive Summary – Data Table on Market Overview

                                Exhibit 03:  Executive Summary – Chart on Global Market Characteristics

                                Exhibit 04:  Executive Summary – Chart on Market by Geography

                                Exhibit 05:  Executive Summary – Chart on Market Segmentation by Service

                                Exhibit 06:  Executive Summary – Chart on Incremental Growth

                                Exhibit 07:  Executive Summary – Data Table on Incremental Growth

                                Exhibit 08:  Executive Summary – Chart on Vendor Market Positioning

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 09:  Parent market

                                Exhibit 10:  Market characteristics

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 11:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 12:  Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021 - 2026 

                                Exhibit 13:  Chart on Global - Market size and forecast 2021-2026 ($ million)

                                Exhibit 14:  Data Table on Global - Market size and forecast 2021-2026 ($ million)

                                Exhibit 15:  Chart on Global Market: Year-over-year growth 2021-2026 (%)

                                Exhibit 16:  Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 17:  Five forces analysis - Comparison between 2021 and 2026

                4.2 Bargaining power of buyers           

                                Exhibit 18:  Bargaining power of buyers – Impact of key factors in 2021 and 2026

                4.3 Bargaining power of suppliers       

                                Exhibit 19:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026

                4.4 Threat of new entrants    

                                Exhibit 20:  Threat of new entrants – Impact of key factors in 2021 and 2026

                4.5 Threat of substitutes         

                                Exhibit 21:  Threat of substitutes – Impact of key factors in 2021 and 2026

                4.6 Threat of rivalry   

                                Exhibit 22:  Threat of rivalry – Impact of key factors in 2021 and 2026

                4.7 Market condition

                                Exhibit 23:  Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Service                 

                5.1 Market segments

                                Exhibit 24:  Chart on Service - Market share 2021-2026 (%)

                                Exhibit 25:  Data Table on Service - Market share 2021-2026 (%)

                5.2 Comparison by Service     

                                Exhibit 26:  Chart on Comparison by Service

                                Exhibit 27:  Data Table on Comparison by Service

                5.3 Infrastructure outsourcing - Market size and forecast 2021-2026    

                                Exhibit 28:  Chart on Infrastructure outsourcing - Market size and forecast 2021-2026 ($ million)

                                Exhibit 29:  Data Table on Infrastructure outsourcing - Market size and forecast 2021-2026 ($ million)

                                Exhibit 30:  Chart on Infrastructure outsourcing - Year-over-year growth 2021-2026 (%)

                                Exhibit 31:  Data Table on Infrastructure outsourcing - Year-over-year growth 2021-2026 (%)

                5.4 Application outsourcing - Market size and forecast 2021-2026         

                                Exhibit 32:  Chart on Application outsourcing - Market size and forecast 2021-2026 ($ million)

                                Exhibit 33:  Data Table on Application outsourcing - Market size and forecast 2021-2026 ($ million)

                                Exhibit 34:  Chart on  Application outsourcing - Year-over-year growth 2021-2026 (%)

                                Exhibit 35:  Data Table on Application outsourcing - Year-over-year growth 2021-2026 (%)

                5.5 Market opportunity by Service      

                                Exhibit 36:  Market opportunity by Service ($ million)

6. Customer landscape                         

                6.1 Customer landscape overview      

                                Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                Exhibit 37:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7. Geographic Landscape                     

                7.1 Geographic segmentation

                                Exhibit 38:  Chart on Market share by geography 2021-2026 (%)

                                Exhibit 39:  Data Table on Market share by geography 2021-2026 (%)

                7.2 Geographic comparison   

                                Exhibit 40:  Chart on Geographic comparison

                                Exhibit 41:  Data Table on Geographic comparison

                7.3 APAC - Market size and forecast 2021-2026              

                                Exhibit 42:  Chart on APAC - Market size and forecast 2021-2026 ($ million)

                                Exhibit 43:  Data Table on APAC - Market size and forecast 2021-2026 ($ million)

                                Exhibit 44:  Chart on APAC - Year-over-year growth 2021-2026 (%)

                                Exhibit 45:  Data Table on APAC - Year-over-year growth 2021-2026 (%)

                7.4 South America - Market size and forecast 2021-2026           

                                Exhibit 46:  Chart on  South America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 47:  Data Table on  South America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 48:  Chart on  South America - Year-over-year growth 2021-2026 (%)

                                Exhibit 49:  Data Table on  South America - Year-over-year growth 2021-2026 (%)

                7.5 Middle East and Africa - Market size and forecast 2021-2026            

                                Exhibit 50:  Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                                Exhibit 51:  Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                                Exhibit 52:  Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)

                                Exhibit 53:  Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

                7.6 North America - Market size and forecast 2021-2026           

                                Exhibit 54:  Chart on North America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 55:  Data Table on North America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 56:  Chart on North America - Year-over-year growth 2021-2026 (%)

                                Exhibit 57:  Data Table on North America - Year-over-year growth 2021-2026 (%)

                7.7 Europe - Market size and forecast 2021-2026          

                                Exhibit 58:  Chart on Europe - Market size and forecast 2021-2026 ($ million)

                                Exhibit 59:  Data Table on Europe - Market size and forecast 2021-2026 ($ million)

                                Exhibit 60:  Chart on Europe - Year-over-year growth 2021-2026 (%)

                                Exhibit 61:  Data Table on Europe - Year-over-year growth 2021-2026 (%)

                7.8 US - Market size and forecast 2021-2026   

                                Exhibit 62:  Chart on US - Market size and forecast 2021-2026 ($ million)

                                Exhibit 63:  Data Table on US - Market size and forecast 2021-2026 ($ million)

                                Exhibit 64:  Chart on US - Year-over-year growth 2021-2026 (%)

                                Exhibit 65:  Data Table on US - Year-over-year growth 2021-2026 (%)

                7.9 UK - Market size and forecast 2021-2026   

                                Exhibit 66:  Chart on UK - Market size and forecast 2021-2026 ($ million)

                                Exhibit 67:  Data Table on UK - Market size and forecast 2021-2026 ($ million)

                                Exhibit 68:  Chart on UK - Year-over-year growth 2021-2026 (%)

                                Exhibit 69:  Data Table on UK - Year-over-year growth 2021-2026 (%)

                7.10 China - Market size and forecast 2021-2026           

                                Exhibit 70:  Chart on China - Market size and forecast 2021-2026 ($ million)

                                Exhibit 71:  Data Table on China - Market size and forecast 2021-2026 ($ million)

                                Exhibit 72:  Chart on China - Year-over-year growth 2021-2026 (%)

                                Exhibit 73:  Data Table on China - Year-over-year growth 2021-2026 (%)

                7.11 Germany - Market size and forecast 2021-2026    

                                Exhibit 74:  Chart on Germany - Market size and forecast 2021-2026 ($ million)

                                Exhibit 75:  Data Table on Germany - Market size and forecast 2021-2026 ($ million)

                                Exhibit 76:  Chart on Germany - Year-over-year growth 2021-2026 (%)

                                Exhibit 77:  Data Table on Germany - Year-over-year growth 2021-2026 (%)

                7.12 Japan - Market size and forecast 2021-2026           

                                Exhibit 78:  Chart on Japan - Market size and forecast 2021-2026 ($ million)

                                Exhibit 79:  Data Table on Japan - Market size and forecast 2021-2026 ($ million)

                                Exhibit 80:  Chart on Japan - Year-over-year growth 2021-2026 (%)

                                Exhibit 81:  Data Table on Japan - Year-over-year growth 2021-2026 (%)

                7.13 Market opportunity by geography            

                                Exhibit 82:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1 Need to optimize business processes

                                8.1.2 Need to adhere to regulatory guidelines and ensure compliance

                                8.1.3 Rising popularity of SOA

                8.2 Market challenges              

                                8.2.1 Data privacy and security risks in cloud-based services

                                8.2.2 Shortage of skilled IT professionals

                                8.2.3 Lack of quality standards in SLAs

                8.3 Impact of drivers and challenges  

                                Exhibit 83:  Impact of drivers and challenges in 2021 and 2026

                8.4 Market trends      

                                8.4.1 Rise in the integration of application outsourcing

                                8.4.2 Growing digital transformation in organizations

                                8.4.3 Growing shifts from the CAPEX model to the OPEX model

9. Vendor Landscape                             

                9.1 Overview

                9.2 Vendor landscape

                                Exhibit 84:  Overview on Criticality of inputs and Factors of differentiation

                                The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

                9.3 Landscape disruption        

                                Exhibit 85:  Overview on factors of disruption

                9.4 Industry risks        

                                Exhibit 86:  Impact of key risks on business

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 87:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 88:  Matrix on vendor position and classification

                10.3 Accenture Plc     

                                Exhibit 89:  Accenture Plc - Overview

                                Exhibit 90:  Accenture Plc - Business segments

                                Exhibit 91:  Accenture Plc - Key news

                                Exhibit 92:  Accenture Plc - Key offerings

                                Exhibit 93:  Accenture Plc - Segment focus

                10.4 Capgemini Service SAS   

                                Exhibit 94:  Capgemini Service SAS - Overview

                                Exhibit 95:  Capgemini Service SAS - Business segments

                                Exhibit 96:  Capgemini Service SAS - Key news

                                Exhibit 97:  Capgemini Service SAS - Key offerings

                                Exhibit 98:  Capgemini Service SAS - Segment focus

                10.5 Fujitsu Ltd.          

                                Exhibit 99:  Fujitsu Ltd. - Overview

                                Exhibit 100:  Fujitsu Ltd. - Business segments

                                Exhibit 101:  Fujitsu Ltd. - Key offerings

                                Exhibit 102:  Fujitsu Ltd. - Segment focus

                10.6 HCL Technologies Ltd.    

                                Exhibit 103:  HCL Technologies Ltd. - Overview

                                Exhibit 104:  HCL Technologies Ltd. - Business segments

                                Exhibit 105:  HCL Technologies Ltd. - Key offerings

                                Exhibit 106:  HCL Technologies Ltd. - Segment focus

                10.7 Hewlett Packard Enterprise Co.  

                                Exhibit 107:  Hewlett Packard Enterprise Co. - Overview

                                Exhibit 108:  Hewlett Packard Enterprise Co. - Business segments

                                Exhibit 109:  Hewlett Packard Enterprise Co. - Key news

                                Exhibit 110:  Hewlett Packard Enterprise Co. - Key offerings

                                Exhibit 111:  Hewlett Packard Enterprise Co. - Segment focus

                10.8 International Business Machines Corp.    

                                Exhibit 112:  International Business Machines Corp. - Overview

                                Exhibit 113:  International Business Machines Corp. - Business segments

                                Exhibit 114:  International Business Machines Corp. - Key offerings

                                Exhibit 115:  International Business Machines Corp. - Segment focus

                10.9 Larsen and Toubro Ltd.  

                                Exhibit 116:  Larsen and Toubro Ltd. - Overview

                                Exhibit 117:  Larsen and Toubro Ltd. - Business segments

                                Exhibit 118:  Larsen and Toubro Ltd. - Key news

                                Exhibit 119:  Larsen and Toubro Ltd. - Key offerings

                                Exhibit 120:  Larsen and Toubro Ltd. - Segment focus

                10.10 Tata Consultancy Services Ltd.  

                                Exhibit 121:  Tata Consultancy Services Ltd. - Overview

                                Exhibit 122:  Tata Consultancy Services Ltd. - Business segments

                                Exhibit 123:  Tata Consultancy Services Ltd. - Key news

                                Exhibit 124:  Tata Consultancy Services Ltd. - Key offerings

                                Exhibit 125:  Tata Consultancy Services Ltd. - Segment focus

                10.11 Tech Mahindra Ltd        

                                Exhibit 126:  Tech Mahindra Ltd - Overview

                                Exhibit 127:  Tech Mahindra Ltd - Business segments

       &a

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your sample now!
IT Outsourcing market growth will increase by $117.24 million during 2022-2026.
The it outsourcing market is expected to grow at a CAGR of 4.12% during 2022-2026.
Technavio has segmented the it outsourcing market by service (Government, BFSI, Telecommunications, Energy and utilities, and Manufacturing) and geographic (North America, Europe, APAC, South America, Middle East and Africa, North America, Europe, APAC, South America, and MEA).
Accenture Plc, Acora Ltd, Amdocs Ltd., Atos SE, Capgemini Service SAS, CGI Inc, Cognizant Technology Solutions Corp., Fujitsu Ltd., Genpact Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., ITC infotech India Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd, Unisys Corp., Wipro Ltd., Xerox Holdings Corp., Larsen and Toubro Ltd. are a few of the key vendors in the it outsourcing market.
APAC will register the highest growth rate of 39.67% among the other regions. Therefore, the it outsourcing market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the it outsourcing market growth are:
  • Need to optimize business processes
  • Rise in the integration of application outsourcing
The it outsourcing market vendors should focus on grabbing business opportunities from the government segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO recognized

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted
Technavio

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Technavio
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>