IT Outsourcing Market, Global Outlook and Forecast 2023-2029
IT outsourcing is a company's outsourcing of computer or Internet related work, such as programming, to other companies. It is used in reference to business process outsourcing or BPO, which is the outsourcing of the work that does not require much of technical skills.
This report aims to provide a comprehensive presentation of the global market for IT Outsourcing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IT Outsourcing. This report contains market size and forecasts of IT Outsourcing in global, including the following market information:
Global IT Outsourcing Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global IT Outsourcing market was valued at US$ 363050 million in 2022 and is projected to reach US$ 422260 million by 2029, at a CAGR of 2.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The reasons for IT outsourcing include lack of resources and cost reduction. IT outsourcing is sometimes called IT enabled Services (ITES) outsourcing. The typical destinations of overseas IT outsourcing are India and Philippines for the American and European companies and China and Vietnam for the Japanese companies. A combination of high overhead in the United States and strong cultural ties between the domestic and Asian information technology industries have led many companies to outsource labor-intensive software programming to Asia and Eastern Europe.
We surveyed the IT Outsourcing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global IT Outsourcing Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global IT Outsourcing Market Segment Percentages, by Type, 2022 (%)
Infrastructure Outsourcing
Application Outsourcing
Global IT Outsourcing Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global IT Outsourcing Market Segment Percentages, by Application, 2022 (%)
Government
BFSI
Telecommunications
Manufacturing
Healthcare
Retail
Others
Global IT Outsourcing Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global IT Outsourcing Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies IT Outsourcing revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies IT Outsourcing revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Accenture
HCL Technologies
HPE
IBM
TCS
Oracle
Cognizant
Infosys
CapGemini
NTT Data
Sodexo
ACS
ISS
Outline of Major Chapters:
Chapter 1: Introduces the definition of IT Outsourcing, market overview.
Chapter 2: Global IT Outsourcing market size in revenue.
Chapter 3: Detailed analysis of IT Outsourcing company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of IT Outsourcing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
