Information Technology Services Market To Grow At A Higher Rate Due To Economic

Posted by praneeth on February 8th, 2019

The Business Research Company’s global information technology services market, covers the year-on-year growth of the global information technology services historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.

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https://www.thebusinessresearchcompany.com/report/it-services-global-market-report

The global information technology services market is forecast to grow at a CAGR (compound annual growth rate) of around 8.5 % to 2022.

Information technology services Trends

Software products integration, growing demand for cloud data recovery and software installations automation are the major trends witnessed in the global IT services market. With smart cities, government initiatives, internet of things (IoT), the scope and potential for the global IT services market is expected to significantly rise in the forecast period.

Governments around the world are investing in the creation of smart cities. The overall smart–city experience involves systems and objects interconnected through various technologies like local, wide and wireless networks. The European Union is actively promoting smart–city initiatives, with funds for research and sustainability targets for member states. The concept of smart cities is becoming more popular in developing nations too. In China and India alone almost 300 smart–city pilots are currently planned.

The global information technology services is primarily driven by increase in smart cities in various developing countries and government initiatives.

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https://www.thebusinessresearchcompany.com/sample.aspx?id=1880&type=smp

The global information technology services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With emergence of internet of things technology (IOT) and high valuations of information technology companies the global information technology services is expected to increase in potential and scope. TBRC’s report also covers the global information technology services market report drivers and restraints in the market.

The global information technology services market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global information technology services report are Microsoft,  IBM,  HP,  Oracle,  Fujitsu

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