LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global IT outsourcing market and the market is poised to grow by USD 79.55 billion during 2018-2022 at a CAGR of over 4% during the forecast period. Request Free Sample Pages
Read the 80-page research report with TOC on "IT Outsourcing Market Analysis Report by Enduser (Government, BFSI, Telecommunications, Energy and Utilities, Manufacturing, Healthcare, Retail, Media and Entertainment, and Others), Service (Infrastructure outsourcing and Application outsourcing), by Geography (Americas, APAC, and EMEA), and Segment Forecasts, 2018-2022".
The market is driven by the rising need to optimize business processes. In addition, the integration of application outsourcing is anticipated to further boost the growth of the IT outsourcing market.
Enterprises are focusing on implementing strategic plans in alignment with their operational strategy. This is encouraging them to outsource their IT operations. This also enables enterprises to allocate resources for project development across various locations around the world. In addition, IT outsourcing services helps achieve profit incrementation, time and cost reduction, and capacity optimization. Thus, the rising need to optimize business processes is expected to drive market growth during the forecast period.
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Major Five IT Outsourcing Market Companies:
Accenture
Accenture is headquartered in Ireland and operates the business under various segments such as Communications, Media, and Technology, Financial Services, Health and Public Services, Products, and Resources. The company offers services such as Process Architecture Design and Modeling, Business Process Execution (BPE), BPM Repository Services, and BPM Platform as a Service.
HCL Technologies
HCL Technologies is headquartered in India and offers products through the following business units: Software services, Infrastructure services, and BPO services. The company offers Managed services to various end-users such as life sciences and healthcare, media and entertainment, travel, transportation and logistics, and automotive industry.
HPE
HPE is headquartered in the US and operates under various business segments, namely Enterprise Group, Enterprise Group, and Corporate Investments. The company provides managed services for various end-users in the information, infrastructure, telecom, and security sectors.
IBM
IBM is headquartered in the US and offers products through the following business segments: Cognitive solutions, Global business services, Technology services and cloud platforms, Systems, and Global financing. The company offers services such as Managed Services and IBM Cloud Managed Services.
TCS
TCS is headquartered in India and offers products through the following business segments: BFSI; Manufacturing; Retail and consumer business; Communication, media, and technology; and Others. The company offers Consulting and systems integration services for various end-users such as the public sector, the healthcare sector, and the automotive industry.
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IT Outsourcing End-User Outlook (Revenue, USD Million, 2018-2022)
- Government
- BFSI
- Telecommunications
- Energy and Utilities
- Manufacturing
- Healthcare
- Retail
- Media and entertainment
- Others
IT Outsourcing Regional Outlook (Revenue, USD Million, 2018-2022)
- Americas
- APAC
- EMEA
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