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IT Services Market Trends, Segments And Growth Forecasts Through 2031

Mallu Swetha
IT Services Market Trends, Segments And Growth Forecasts Through 2031

The IT Services Global Market Report 2021-31 by The Business Research Company describes and explains the global IT services market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.


The IT Services Global Market Report 2022 covers IT services market drivers, IT services market trends, IT services market segments, IT services market growth rate, IT services market major players, and IT services market size.


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The IT services market report provides in-depth analysis of the impact of COVID-19 on the global IT services industry along with revised market numbers due to the effects of the coronavirus and the expected IT services market growth numbers for 2022-2031.


The global IT services market size is expected to grow from $3.47 trillion in 2021 to $3.93 trillion in 2022 at a compound annual growth rate (CAGR) of 13.4%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The information technology services market size is expected to reach $6.27 trillion in 2026 at a CAGR of 12.4%.


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IT Services Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

TBRC’s report covers the IT services market segments-

1) By Type: Hardware Support Services, Software and BPO Services, Cloud Services

2) By Organization Size: Large Enterprises, Small and Medium Enterprises

3) By End-User Industry: Financial Services, Retail and Wholesale, Manufacturing, Healthcare, Others

4) By Service Provider Location: North America, Asia Pacific, Western Europe, Eastern Europe, Rest of the World


About The Business Research Company: 

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. It has offices in the UK, the US and India and a network of trained researchers in 20+ countries globally.  

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Mallu Swetha
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