LONDON--(BUSINESS WIRE)--Technavio has announced the top seven leading vendors for the global IT outsourcing market in their latest research report. This report also lists 13 other prominent vendors who are expected to contribute to this market’s growth over the forecast period.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, the report considers revenue generated from infrastructure and application outsourcing services.
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“Increased adoption of application outsourcing is predicted to fuel the growth of IT outsourcing until 2019. To meet the growing demand, vendors are providing application development outsourcing services that include modular architectures and are compatible with advanced IT infrastructures like cloud computing. In addition, IT outsourcing service providers are also developing applications that are embedded with intelligent systems for handling multiple features and high volumes of data,” said Amit Sharma, one of Technavio’s lead analysts for ITO and BPOs.
“For adding value to their service offerings, IT outsourcing service providers are giving prime importance to their clients' application portfolio. Application development through DevOps and Agile are increasing innovative solutions for software development. Automation of applications is predicted to vastly improve performance of routine tasks over the next four years,” adds Amit.
Seven leading vendors in the global IT outsourcing market:
Accenture was incorporated in 2009 and is headquartered in Dublin, Ireland. The company provides management consulting, and technology and outsourcing services globally. As of August 31, 2014, the corporation had 305,000 employees across the world and reported a net revenue of close to USD 28.56 billion in FY2013 and USD 30 billion in FY2014.
Accenture provides IT professional services, including management consulting, technology, and outsourcing services to clients across a wide range of industries globally. The company serves the communications, electronics and high-tech, media and entertainment, banking, capital markets, insurance, health, public service, air, freight and travel services, automotive, consumer goods and services, industrial equipment, infrastructure, life sciences, retail, chemical, energy, natural resources, and utilities sectors.
Capgemini was founded in 1967 and is headquartered in Paris, France. It provides consulting, technology, outsourcing services, and local professional services. As of December 31, 2014, the company had 137,747 employees and the revenue generated by the company was close to USD 14.05 billion in the FY 2014. Some of its subsidiaries include Capgemini North America, Capgemini Oldco, Capgemini Consulting Österreich, Capgemini Magyarorszag, and Immobilière les Fontaines.
Capgemini focuses on the IT professional services market and has implemented various strategic initiatives for this market. In July, 2015, the company entered into a services agreement with SSP, a provider of insurance technology, to expand its legacy systems and digital ambition. Under this agreement, Capgemini can strengthen its deep insurance expertise, process improvement and systems integrator expertise across the insurance value chain. In May 2014, Capgemini France, a subsidiary of Capgemini, completed the acquisition of the French IT service company, Euriware (which provides advanced consultancy and IT services to the energy, industry, and defense sectors) and its subsidiaries.
CSC was founded in 1959 and is headquartered in Falls Church, Virginia, US. The company is a global leader in supplying next-generation IT services and solutions. The company offers a wide range of business solutions to various industries, including aerospace and defense, automotive, banking, chemical, communications, media and entertainment, energy, financial services, healthcare, life sciences, retail, technology, and travel and transportation. For FY2015, the company reported revenue of close to USD 12.2 billion and has around 70,000 employees in over 60 countries.
Fujitsu was established in 1935 and is headquartered in Tokyo, Japan. Fujitsu is an ICT company that offers a range of technology products, solutions, and services. The company operates in over 100 countries in Japan, EMEA, APAC, China, and the Americas. They provide solutions to various industrial and technology sectors such as automotive, healthcare, financial, retail, telecommunications, biometrics, smart network technology, and technical computing. The company has around 97,000 patents worldwide and has around 159,000 employees. For FY2015, the company generated revenue of around USD 43.25 billion.
Fujitsu offers innovative, managed solutions that enable employees to work more productively. Their offerings include virtual client services, classic client services, managed mobile, and unified communication and collaboration services. Fujitsu Virtual Client Services is a streamlined approach to desktop transformation harnessing Citrix virtualization technologies. Its classic client services provide employees with localized access to applications and data. The company also provides a complete life cycle management solution.
HP was founded in 1947 and is headquartered in Palo Alto, California, US. It is a global provider of products, technologies, software, solutions, and services to individual consumers, SMEs, and large enterprises. It has customers in various sectors such as government, health, and education. As of October 2014, the company has around 302,000 employees and more than 34,000 patents worldwide. This segment provides a broad portfolio of enterprise technology infrastructure solutions for a variety of operating environments. The company’s integrated solutions enable organizations of all sizes to efficiently utilize IT staffing resources and deploy applications faster.
The company offers a single-point-of-contact IT service desk software and solutions that utilizes a dependable set of automated processes to handle service delivery and support. It brings together a broad range of ITSM capabilities, big data, and social collaboration to enable a workforce with connected intelligence.
IBM was founded in 1911 and is headquartered in New York, US. The company provides a wide range of computer products and services. they offer various types of hardware, software, consulting, and infrastructure services. IBM serves various industries, including automotive, banking, chemicals and petroleum, communications, insurance, life sciences, media and entertainment, metals and mining, and retail. They have around 379,592 employees and operations in more than 175 countries. IBM offers a broad array of IT infrastructure and business solutions through two reportable segments that include global technology services and global business services.
Infosys was established in 1981 and is headquartered in Bangalore, India. Infosys is a global provider of business IT services, consulting, technology and outsourcing services, and software products. As of March 2015, the company had 176,187 employees and reported a net revenue of close to USD 8.71 billion. Globally, the company has 85 sales and marketing offices and 100 development centers.
During FY2014, the company reported revenue of around USD 8,711 million, an increase of 9.6% over the previous year, which generated around USD 6,041 million worth of revenue. This growth in revenue is attributed to, among other factors, an increase in the number and volume of executed projects.
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