Revenue in the IT Services market is projected to reach US$27.90bn in 2023.
The market's largest segment is IT Outsourcing with a projected market volume of US$9.90bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 7.22%, resulting in a market volume of US$36.87bn by 2027.
The average Spend per Employee in the IT Services market is projected to reach US$1,331.00 in 2023.
In global comparison, most revenue will be generated in the United States (US$440.20bn in 2023).
The information technology (IT) services market comprises services used by organizations to create, manage, and deliver information, next to assisting with other business functions. The market is divided into four segments IT Consulting & Implementation, Business Process Outsourcing, IT Outsourcing, and Other IT Services. The IT services in this market are created for an exclusively professional environment and the market focuses on IT-related revenues.
Market values represent revenues paid by the final customer to primary vendors either directly or through distribution channels at the manufacturer price level (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Spend is allocated to the country using the respective output.
Company examples: IBM, Accenture, Hewlett Packard Enterprise, TCS.
IT consulting & implementation
Business process outsourcing
Support & deploy
IT training & education
Infrastructure as a service
Platform as a service
Software as a service
Support or maintenance of company-owned software products