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Emerging markets driving growth of global IT services industry Posted: October 20, 2014 @ 4:21 am |
Information technology (IT) is an industry that has been experiencing a rapid growth since the internet boom around a decade back. Given that the present age is the age of internet, it is of little wonder that information technology is seeing this sort of growth. IT services have become indispensable for the growth of any business, irrespective of its size. With the increasing importance of having an online presence, IT services are at a premium. IT services these days not only manages the IT systems, but are also concerned with improving customer’s business related processes and methodologies. This report, Global IT Services Market 2014-2018 covers the present scenario and the growth prospects of the information technology services industry. It has a detailed analysis of the growth pattern of the market, and gives a comprehensive overview of the factors that are driving the market. There is extensive data about the key market players, and the regions that are opening up new opportunities. The report also focuses on the market size and areas in which it needs strengthening. Key players in the IT services industry IT services industry is considered to be one which has an enormous potential for growth. As a consequence, some of the biggest names in the business world are contending for a market share in this sector. The key players are CSC, Fujitsu, HP, IBM, Accenture, ACS, Alcatel-Lucent, ATOS Origin, BT Global Services, Cap Gemini, Dell, Ericsson, General Dynamics, Hitachi, Huawei Technologies, Lockheed Martin, Logica, Microsoft, NEC, Nokia, Northrop Grumman, NTT DATA, SAIC,Siemens, and T-systems. However, newer companies are emerging rapidly. Also, companies which have previously been engaged in other sectors are diversifying and getting into the IT services sector. Key areas for growth The IT services market is predicted to see rapid growth in the developed countries of Europe and North America. In addition, there are emerging markets in the developed as well as developing countries in the APAC region. The emerging markets are the ones that are expected to be the major growth drivers. Challenges faced by the industry The IT services industry, despite seeing a steady growth, has to face its fair share of problems. The recession in Europe and the USA has been a major problem. The companies are shifting their bases to other countries where the overhead cost is lower. Moreover, as the industry has been growing for a long time, it is predicted to see a slowdown in the near future. However, the opening up of newer markets, and diversifications in the scope of the industry are expected to offset the predicted slowdown. For further insights, Get Sample here: - http://www.researchonglobalmarkets.com/pubmod/index/getsample/id/82961 About Research on Global Markets Research on Global Markets is a leading source for market research on various sectors globally, offering premium research content from worldwide publishers of market research reports. Our database hosts premium market research content developed by global publishers. It offers premium industry research reports, company profiles and country briefs. We have a dedicated team of research professionals who can facilitate, in an unbiased manner, the process of identifying appropriate market research reports that are targeted to fulfill all your information-related requirements. For more details on the content of each report and ordering information please contact: Phone: US/CAN: +1 800 986 6819 UK: +44 203 514 2363 India: +91 22 4098 7600 E-Mail: [email protected] Source: Researchonglobalmarkets.com
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