IT Spending Market Analysis North America, APAC, Middle East and Africa, Europe, South America - US, Saudi Arabia, China, India, Russia - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 176 SKU: IRTNTR77536

IT Spending Market in Oil and Gas Industry Forecast 2024-2028

The IT spending market in oil and gas industry size is projected to increase by USD 5.25 billion, at a CAGR of 5.06% between 2023 and 2028. 

The market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 10 market companies, including, Accenture Plc, ALE International, Capgemini Service SAS, Cisco Systems Inc., Dell Technologies Inc., General Electric Co., HCL Technologies Ltd., Huawei Technologies Co. Ltd., Indra Sistemas SA, Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, Siemens AG, Tata Consultancy Services Ltd., Tech Mahindra Ltd., and Wipro Ltd.. Additionally, ABB Ltd. company offers to digitalize, automate, and electrify the oil and gas industry and focus on helping energy companies operate more efficiently to reduce their environmental impact while enabling new, clean energy value chains to fuel the future.

What will be the Size of the Market During the Forecast Period?

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Market Overview

Market Growth Analysis Driver

Increasing adoption of digital technologies to enhance operational efficiency and productivity is the key factor driving the market. With the industry facing challenges such as fluctuating commodity prices, rising operational costs, and increasing regulatory pressures, companies are turning to digital solutions to streamline operations, optimize workflows, and improve overall efficiency. This trend is spurring significant investments in infrastructure, software applications, and data analytics platforms tailored to the specific needs of the sector. Moreover, digital technologies are revolutionizing asset management and maintenance practices within the oil and gas industry. 

Moreover, the adoption of digital technologies is driving improvements in supply chain management and logistics within the sector. Integrated software solutions enable companies to optimize inventory levels, streamline procurement processes, and track the movement of materials and equipment across complex supply chains. Also, through the use of remote sensing, unmanned aerial vehicles (UAVs), and satellite imagery, operators can monitor infrastructure integrity, detect environmental hazards, and respond rapidly to emergency situations, enhancing overall safety and environmental stewardship. Therefore, the increasing adoption of digital technologies to enhance operational efficiency and productivity is expected to drive the expansion of the market during the forecast period.

Market Growth and Trends

The increasing need for asset optimization and predictive maintenance is the primary trend in the market. As the sector grapples with aging infrastructure, remote operating environments, and stringent safety regulations, companies are increasingly turning to proactively manage their assets and minimize downtime. Predictive maintenance, enabled by advanced analytics, machine learning, and IoT technologies, allows organizations to detect potential equipment failures before they occur, thereby avoiding costly disruptions to operations. Moreover, predictive maintenance leverages historical data, sensor readings, and machine learning algorithms to forecast equipment failures and prescribe targeted maintenance interventions, reducing the likelihood of unplanned downtime and optimizing maintenance resources.

Furthermore, the adoption of predictive maintenance technologies aligns with broader industry trends toward digital transformation and operational excellence. By integrating predictive maintenance capabilities into their overall digital strategy, oil and gas companies can unlock additional value from their existing investments, improve asset lifecycle management, and enhance operational efficiency. These technologies also enable organizations to move towards condition-based maintenance approaches, where maintenance activities are performed based on the actual condition of assets rather than predetermined schedules, leading to further cost savings and operational improvements. Therefore, the need for asset optimization and predictive maintenance is expected to drive the development of the market during the forecast period.

Market Restrain

The threat of cybersecurity is a significant challenge that affects market expansion.  As one of the most critical infrastructures, oil and gas facilities are prime targets for cyberattacks due to their dependence on interconnected digital systems for operational control, data management, and remote monitoring. The consequences of successful cyberattacks in this sector can be severe, ranging from operational disruptions and financial losses to environmental damage and threats to public safety. Consequently, concerns about cybersecurity have led to increased scrutiny and caution among oil and gas companies regarding their spending and investment decisions. 

Additionally, the dynamic and persistent nature of cyber threats compounds the challenge of cybersecurity risk management for oil and gas companies. Threat actors, including nation-states, criminal organizations, and hacktivists, are constantly evolving their tactics, techniques, and procedures to exploit vulnerabilities and evade detection. This requires companies to continuously update and adapt their cybersecurity strategies, invest in threat intelligence capabilities, and engage in collaborative information-sharing initiatives with industry peers and government agencies to stay ahead of emerging threats and mitigate cyber risks effectively. Therefore, the threat of cybersecurity is expected to impede market growth during the forecast period.

Market Segmentation By Component 

The market share by the hardware segment will be significant during the forecast period. The market encompasses various hardware components crucial for operations and innovation. Hardware investments in this sector often focus on robust computing infrastructure, such as servers, data storage solutions, and networking equipment. With the adoption of advanced technologies like cloud computing and edge computing, companies are investing in high-performance servers to enhance operational efficiency and decision-making capabilities.

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The hardware segment showed a gradual increase in the market share of USD 7.98 billion in 2018. Additionally, specialized servers optimized for tasks such as seismic processing and reservoir simulation are in demand to support complex computational requirements. Furthermore, with the proliferation of IoT sensors and devices, there is a growing emphasis on robust and secure network architectures to mitigate cyber threats and ensure uninterrupted operations. Thus such factors are expected to drive the evolution of the hardware segment of the IT spending market in oil and gas industry during the forecast period.

Market Segmentation By Application

In the upstream segment, IT spending is instrumental in optimizing exploration, drilling, production, and reservoir management processes. Furthermore, IT investments in upstream operations extend to asset integrity management and predictive maintenance. By leveraging digital twins, remote monitoring, and predictive analytics, operators can assess the condition of critical assets such as offshore platforms, pipelines, and equipment in real-time. Early detection of anomalies and potential failures allows for proactive maintenance interventions, minimizing unplanned downtime, mitigating safety risks, and optimizing asset lifecycle costs. Thus, such factors are expected to drive the growth of the upstream segment of the market during the forecast period.

Regional Overview

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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. 
Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Another region offering significant growth opportunities to companies is North America. The market in North America reflects a dynamic landscape shaped by technological advancements, market trends, regulatory developments, and industry dynamics. Despite the challenges posed by factors, this sector in North America continues to invest in digital technologies to increase operational efficiency, productivity, and competitiveness.

Moreover, one of the primary drivers is the increasing adoption of digital technologies across the value chain, from downstream refining and distribution to upstream exploration and production (E&P). Furthermore, the emergence of new business models and partnerships like joint ventures, alliances, and integrated service offerings, is driving investments in IT infrastructure and digital platforms that enable collaboration, data sharing, and value creation across ecosystem partners. Hence, such factors are expected to drive market growth in this region during the forecast period.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.

Global Market Customer Landscape

Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • CGI Inc.: The company offers solutions that optimize operations to help energy and utilities that use digitization and data to evolve their operations and better serve their customers.

Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028

  • Component Outlook
    • Hardware
    • Services
    • Software
  • Application Outlook
    • Upstream
    • Downstream
    • Midstream
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview: 

In the oil and gas industry, enterprise software plays a pivotal role in optimizing operations and managing resources efficiently. With a focus on enhancing productivity and reducing costs, companies invest significantly in IT services tailored to their unique needs. Data centre systems are vital for storing and processing vast amounts of operational data securely. Communication services ensure seamless connectivity across remote sites and offices. Furthermore, the adoption of third platform technology enables the integration of digital technology like artificial intelligence and the Internet of Things. These advancements facilitate predictive maintenance, improving safety and operational efficiency. The emergence of hybrid jobs reflects the industry's shift towards new technologies and multi-cloud environments, leveraging both hybrid and public cloud solutions.

Additionally, augmented reality and virtual reality are transforming training processes and enhancing workforce skills and safety. As the industry embraces the Future of Work technology, collaborative robotics streamline discrete and process manufacturing, while 3D and digital product design optimizes asset development. Operational performance management solutions provide real-time insights, empowering decision-makers with actionable intelligence. Besides, amidst this digital transformation, business intelligence, and cloud platforms are indispensable for driving innovation and maintaining competitiveness in the dynamic oil and gas market.

IT Spending Market in Oil and Gas Industry Scope

Report Coverage

Details

Page number

176

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.06%

Market Growth 2024-2028

USD 5.25 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

4.29

Regional analysis

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

Performing market contribution

APAC at 36%

Key countries

US, Saudi Arabia, China, India, and Russia

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Accenture Plc, ALE International, Capgemini Service SAS, CGI Inc., Cisco Systems Inc., Dell Technologies Inc., General Electric Co., HCL Technologies Ltd., Huawei Technologies Co. Ltd., Indra Sistemas SA, Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, Siemens AG, Tata Consultancy Services Ltd., Tech Mahindra Ltd., and Wipro 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.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market report forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Middle East and Africa, Europe, and South America
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of Industry companies

 

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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 Component
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global IT spending market in oil and gas industry 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global it spending market in oil and gas industry 2018 - 2022 ($ billion)
    • 4.2 Component Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Component Segment 2018 - 2022 ($ billion)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Component

    • 6.1 Market segments
      • Exhibit 30: Chart on Component - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Component - Market share 2023-2028 (%)
    • 6.2 Comparison by Component
      • Exhibit 32: Chart on Comparison by Component
      • Exhibit 33: Data Table on Comparison by Component
    • 6.3 Hardware - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Hardware - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Hardware - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Hardware - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Hardware - Year-over-year growth 2023-2028 (%)
    • 6.4 Services - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Services - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Services - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Services - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Services - Year-over-year growth 2023-2028 (%)
    • 6.5 Software - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Software - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Software - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Software - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Software - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Component
      • Exhibit 46: Market opportunity by Component ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Component ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 48: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 50: Chart on Comparison by Application
      • Exhibit 51: Data Table on Comparison by Application
    • 7.3 Upstream - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Upstream - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Upstream - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Upstream - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Upstream - Year-over-year growth 2023-2028 (%)
    • 7.4 Downstream - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Downstream - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Downstream - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Downstream - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Downstream - Year-over-year growth 2023-2028 (%)
    • 7.5 Midstream - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Midstream - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Midstream - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Midstream - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Midstream - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 64: Market opportunity by Application ($ billion)
      • Exhibit 65: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.6 Europe - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Russia - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Russia - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Russia - Year-over-year growth 2023-2028 (%)
    • 9.11 Saudi Arabia - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
    • 9.12 India - Market size and forecast 2023-2028
      • Exhibit 107: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 119: ABB Ltd. - Overview
              • Exhibit 120: ABB Ltd. - Business segments
              • Exhibit 121: ABB Ltd. - Key news
              • Exhibit 122: ABB Ltd. - Key offerings
              • Exhibit 123: ABB Ltd. - Segment focus
            • 12.4 Capgemini Service SAS
              • Exhibit 124: Capgemini Service SAS - Overview
              • Exhibit 125: Capgemini Service SAS - Business segments
              • Exhibit 126: Capgemini Service SAS - Key news
              • Exhibit 127: Capgemini Service SAS - Key offerings
              • Exhibit 128: Capgemini Service SAS - Segment focus
            • 12.5 CGI Inc.
              • Exhibit 129: CGI Inc. - Overview
              • Exhibit 130: CGI Inc. - Business segments
              • Exhibit 131: CGI Inc. - Key news
              • Exhibit 132: CGI Inc. - Key offerings
              • Exhibit 133: CGI Inc. - Segment focus
            • 12.6 Cisco Systems Inc.
              • Exhibit 134: Cisco Systems Inc. - Overview
              • Exhibit 135: Cisco Systems Inc. - Business segments
              • Exhibit 136: Cisco Systems Inc. - Key news
              • Exhibit 137: Cisco Systems Inc. - Key offerings
              • Exhibit 138: Cisco Systems Inc. - Segment focus
            • 12.7 Dell Technologies Inc.
              • Exhibit 139: Dell Technologies Inc. - Overview
              • Exhibit 140: Dell Technologies Inc. - Business segments
              • Exhibit 141: Dell Technologies Inc. - Key offerings
              • Exhibit 142: Dell Technologies Inc. - Segment focus
            • 12.8 General Electric Co.
              • Exhibit 143: General Electric Co. - Overview
              • Exhibit 144: General Electric Co. - Business segments
              • Exhibit 145: General Electric Co. - Key offerings
              • Exhibit 146: General Electric Co. - Segment focus
            • 12.9 HCL Technologies Ltd.
              • Exhibit 147: HCL Technologies Ltd. - Overview
              • Exhibit 148: HCL Technologies Ltd. - Business segments
              • Exhibit 149: HCL Technologies Ltd. - Key news
              • Exhibit 150: HCL Technologies Ltd. - Key offerings
              • Exhibit 151: HCL Technologies Ltd. - Segment focus
            • 12.10 Huawei Technologies Co. Ltd.
              • Exhibit 152: Huawei Technologies Co. Ltd. - Overview
              • Exhibit 153: Huawei Technologies Co. Ltd. - Business segments
              • Exhibit 154: Huawei Technologies Co. Ltd. - Key news
              • Exhibit 155: Huawei Technologies Co. Ltd. - Key offerings
              • Exhibit 156: Huawei Technologies Co. Ltd. - Segment focus
            • 12.11 Indra Sistemas SA
              • Exhibit 157: Indra Sistemas SA - Overview
              • Exhibit 158: Indra Sistemas SA - Business segments
              • Exhibit 159: Indra Sistemas SA - Key offerings
              • Exhibit 160: Indra Sistemas SA - Segment focus
            • 12.12 International Business Machines Corp.
              • Exhibit 161: International Business Machines Corp. - Overview
              • Exhibit 162: International Business Machines Corp. - Business segments
              • Exhibit 163: International Business Machines Corp. - Key news
              • Exhibit 164: International Business Machines Corp. - Key offerings
              • Exhibit 165: International Business Machines Corp. - Segment focus
            • 12.13 Oracle Corp.
              • Exhibit 166: Oracle Corp. - Overview
              • Exhibit 167: Oracle Corp. - Business segments
              • Exhibit 168: Oracle Corp. - Key news
              • Exhibit 169: Oracle Corp. - Key offerings
              • Exhibit 170: Oracle Corp. - Segment focus
            • 12.14 SAP SE
              • Exhibit 171: SAP SE - Overview
              • Exhibit 172: SAP SE - Business segments
              • Exhibit 173: SAP SE - Key news
              • Exhibit 174: SAP SE - Key offerings
              • Exhibit 175: SAP SE - Segment focus
            • 12.15 Siemens AG
              • Exhibit 176: Siemens AG - Overview
              • Exhibit 177: Siemens AG - Business segments
              • Exhibit 178: Siemens AG - Key news
              • Exhibit 179: Siemens AG - Key offerings
              • Exhibit 180: Siemens AG - Segment focus
            • 12.16 Tata Consultancy Services Ltd.
              • Exhibit 181: Tata Consultancy Services Ltd. - Overview
              • Exhibit 182: Tata Consultancy Services Ltd. - Business segments
              • Exhibit 183: Tata Consultancy Services Ltd. - Key news
              • Exhibit 184: Tata Consultancy Services Ltd. - Key offerings
              • Exhibit 185: Tata Consultancy Services Ltd. - Segment focus
            • 12.17 Tech Mahindra Ltd.
              • Exhibit 186: Tech Mahindra Ltd. - Overview
              • Exhibit 187: Tech Mahindra Ltd. - Business segments
              • Exhibit 188: Tech Mahindra Ltd. - Key offerings
              • Exhibit 189: Tech Mahindra Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 190: Inclusions checklist
                • Exhibit 191: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 192: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 193: Research methodology
                • Exhibit 194: Validation techniques employed for market sizing
                • Exhibit 195: Information sources
              • 13.5 List of abbreviations
                • Exhibit 196: List of abbreviations
              • Engineering and Research and Development Services

                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.

                INFORMATION 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

                DATA 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

                REPORT WRITING

                Qualitative

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

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • 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?

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