The Global IT Services Market will Hit $2013.6 Billion by 2028, at a CAGR of 8.4%

30-Nov-2022 | Report Format: Electronic (PDF)

IT Services Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global IT Services Market size is expected to reach $2,013.6 billion by 2028, rising at a market growth of 8.4% CAGR during the forecast period.

The IT Support segment is showcasing a CAGR of 9.1% during (2022 - 2028). IT support involves assisting people and organizations with technologically related gadgets. Its goal is to offer people solutions to whatever issues they could be having. IT support in a professional setting goes beyond simple help. It might include much more than just the setup, installation, and configuration of equipment. Network performance optimization and cyberattack protection are included in IT support services.

The Large Enterprises segment acquired maximum revenue share in the Global IT Services Market by Enterprise Size in 2021 thereby, achieving a market value of $1,372.4 Billion by 2028. A well-considered IT strategy for small firms or large organizations eliminates impulsive decision-making. For instance, if team members are unable to achieve an agreement, they might consult the IT strategy and planning standards. This would allow teams to comprehend the what, why, and how of their activities.

The Healthcare segment has shown the growth rate of 8.8% during (2022 - 2028). It is because large and small hospitals and physician offices have used new technology to adapt to a shifting regulatory environment and enhance the overall quality of patient care. Today's medical facilities are high-tech enterprises that equip skilled experts with cutting-edge technologies. Still, hospitals and healthcare settings have several potentials to expedite the deployment and utilization of new technology.

The North America market dominated the Global IT Services Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $732.9 Billion by 2028.The Europe market is exhibiting a CAGR of 8.2% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 9.2% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Microsoft Corporation, Accenture PLC, Tata Consultancy Services Ltd., Cognizant Technology Solutions Corporation, Wipro Limited, HCL Technologies Ltd. (HCL Enterprises), Capgemini SE, IBM Corporation, Infosys Limited, DXC Technology Company, and NTT Data Corporation.

Global IT Services Market Segmentation

By Type

  • Managed Security Services
  • Security Outsourcing
  • IT Support
  • Systems & Network Implementations
  • Security Strategy & Planning

By Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises

By Industry

  • BFSI
  • Telecommunication
  • Healthcare
  • Retail
  • Manufacturing
  • Government
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Microsoft Corporation
  • Accenture PLC
  • Tata Consultancy Services Ltd.
  • Cognizant Technology Solutions Corporation
  • Wipro Limited
  • HCL Technologies Ltd. (HCL Enterprises)
  • Capgemini SE
  • IBM Corporation
  • Infosys Limited
  • DXC Technology Company
  • NTT Data Corporation


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