February 22, 2019: Global IT professional services market size is expected to reach USD 1.07 trillion by 2025 with a CAGR of 8.4%, according to a new study conducted by Grand View Research, Inc. Growth in demand for knowledge-based services and preference for flexible and customizable professional services are driving the global market.
Enterprises across various end-use industries are under mounting pressures to reduce capital expenditures and increase operational efficiencies. The adoption of IT professional services has been growing as these services can help reduce the overall IT costs, and in turn, the capital expenditure. Benefits associated with these services, such as ease of deployment, lesser risk, and higher security, have also been aiding the market growth.
Download sample Copy of This Report at: https://www.radiantinsights.com/research/it-professional-services-market/request-sample
Incumbents of the BFSI, retail, telecommunication, and IT industries prefer cloud-based services. As the number of enterprises opting for digital transformation continues to increase, vendors are finding it more convenient to deliver IT services through the cloud technology. It also allows providers to expand their geographic reach and offer scalable services, as well as on-demand support.
Tech companies, marketing firms, and consulting companies are the largest users of IT professional services. Digitization, big data analytics, and Business Intelligence (BI) are some of the key functionalities being outsourced to reduce the administrative costs and overheads. However, concerns over data security and protection of privacy and confidentiality are some of the factors that may hinder the market growth.
Complete Report Available @ https://www.radiantinsights.com/research/it-professional-services-market
Further key findings from the study suggest:
- The market is significantly diverse and fragmented but led by a few well-established companies, including Accenture PLC, Capgemini SA, IBM Corp., and Microsoft Corporation
- The ability of the vendors to provide cloud-based, tailored, and secured solutions would influence the customers' buying decisions
- The cloud segment is expected to witness the fastest CAGR over the forecast period
- Technology and consulting companies have emerged as the largest adopters of IT professional services and would continue the trend in the years to come
- The North America regional market led the global IT professional service market in 2017 and is expected to register a CAGR of 7.5% over the forecast period.
- However, Asia Pacific is anticipated to be the fastest-growing regional market with a CAGR of 9.6% during the forecast period
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For More Information, Visit Radiant Insights
Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: [email protected]
Blog URL: http://ictmarketforecasts.wordpress.com
With reference to the report published by the experts, the scope of the global IT Professional Services Market was appreciated by US$ 562.06 billion during 2017.
It is likely to touch US$ 1,070.28 billion by the completion of 2025, increasing by a CAGR of 8.4% during 2018 to 2025.
Development in demand for knowledge centered amenities and inclination for customizable and flexible specialized facilities are motivating the global IT professional services industry.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/it-professional-services-market/request-sample Market Synopsis of IT Professional Services Market: IT professional services proposes an incorporation of services for example enterprise cloud computing services, ITO services, IT support & training services, and project-oriented services into the operations of business.
Likewise, business analytics services support enterprises and administrations in recognizing openings of business development and defining spaces for saving of cost.
Drivers: By way the globalization is growing and rivalry between the companies is powering, the establishments are moving to new-fangled marketplaces to increase their base of customer.
The Global IT Professional Services Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on type, deployment and end-user.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global IT Professional Services Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/53238-it-professional-services-market-reportThe report also covers the complete competitive landscape of the global IT Professional Services market with company profiles of key players such as:Accenture PLCAutotask CorporationCapgemini SADXC Technology CompanyFujitsu LimitedHewlett Packard Enterprise Development LP (H.P.E.
)International Business Machines (IBM) CorporationMicrosoft CorporationOracle CorporationA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By TypeProject-Oriented ServicesITO ServicesIT Support And Training ServicesEnterprise Cloud Computing ServicesBy DeploymentOn-PremiseCloudBy End-UserTechnology CompaniesConsulting CompaniesMarketing & Communication CompaniesOthersBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global IT Professional Services Market @ https://www.decisiondatabases.com/contact/download-sample-53238The Global IT Professional Services Market has been exhibited in detail in the following chapters –Chapter 1 IT Professional Services Market PrefaceChapter 2 Executive SummaryChapter 3 IT Professional Services Industry AnalysisChapter 4 IT Professional Services Market Value Chain AnalysisChapter 5 IT Professional Services Market Analysis By TypeChapter 6 IT Professional Services Market Analysis By DeploymentChapter 7 IT Professional Services Market Analysis By End-UserChapter 8 IT Professional Services Market Analysis By GeographyChapter 9 Competitive Landscape Of IT Professional Services CompaniesChapter 10 Company Profiles Of IT Professional Services IndustryPurchase the complete Global IT Professional Services Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-53238Other Reports by DecisionDatabases.com:Global Financial Auditing Professional Services Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global IT Operations and Service Management Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
Global IT Professional Services Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on type, deployment and end-user.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.
Download Free Sample Report of Global IT Professional Services Market @ https://www.decisiondatabases.com/contact/download-sample-53238The report also covers the complete competitive landscape of the global IT Professional Services market with company profiles of key players such as:Accenture PLCAutotask CorporationCapgemini SADXC Technology CompanyFujitsu LimitedHewlett Packard Enterprise Development LP (H.P.E.
)International Business Machines (IBM) CorporationMicrosoft CorporationOracle CorporationA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By TypeProject-Oriented ServicesITO ServicesIT Support And Training ServicesEnterprise Cloud Computing ServicesBy DeploymentOn-PremiseCloudBy End-UserTechnology CompaniesConsulting CompaniesMarketing & Communication CompaniesOthersBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaBrowse the complete Global IT Professional Services Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/53238-it-professional-services-market-reportThe Global IT Professional Services Market has been exhibited in detail in the following chapters –Chapter 1 IT Professional Services Market PrefaceChapter 2 Executive SummaryChapter 3 IT Professional Services Industry AnalysisChapter 4 IT Professional Services Market Value Chain AnalysisChapter 5 IT Professional Services Market Analysis By TypeChapter 6 IT Professional Services Market Analysis By DeploymentChapter 7 IT Professional Services Market Analysis By End-UserChapter 8 IT Professional Services Market Analysis By GeographyChapter 9 Competitive Landscape Of IT Professional Services CompaniesChapter 10 Company Profiles Of IT Professional Services Industry Purchase the complete Global IT Professional Services Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-53238Other Reports by DecisionDatabases.com:Global Financial Auditing Professional Services Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global IT Operations and Service Management Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
