Benefits from a high level of IT expertise excluding the high costs of employing a full-time technology professional drives the market. Advanced data center network management to limit operational costs also fuels the IT outsourcing market.
In the contemporary digitalized business world, less companies use call center solutions and rather show trust upon the IT outsourcing company for their needs.
The major restraints for the IT outsourcing market is the data security and online fraud, which seeps in the involvement of third-party service providers. However, the rise in technology field requiring professional assistance and larger workforce is expected to help in the future market growth.
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The IT outsourcing market is segmented on the basis of services, end-users, and geography. The market segmentation for the services includes application/software development, web development, application support and management, technical support/help desk, database development and management and telecommunication.
The market segmentation for end-users includes government, BFSI, telecom, and others. Geographically, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players in the IT outsourcing market include Accenture PLC (Republic of Ireland), IBM Corporations (U.S.), APC by Schneider Electric (U.S.), Cisco Systems, Inc. (U.S.), CA Technologies (U.S.), Hewlett-Packard Co. (U.S.), BMC Software (U.S.), Dell Inc. (U.S.), NetScouts Systems Inc. (U.S.), Fujitsu Ltd. (Japan), and Tata Consultancy Services Limited (India).
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Key Benefits
- The study provides an in-depth analysis of the IT outsourcing market with current and future trends to elucidate the imminent investment pockets in the market.
- Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding impact analysis and the key drivers, restraints, and opportunities.
- Quantitative analysis of the current market and estimations through 20172023 are provided to showcase the financial caliber of the market.
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