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.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 IT Outsourcing Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global IT Outsourcing Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global IT Outsourcing Overall Market Size
2.1 Global IT Outsourcing Market Size: 2022 VS 2029
2.2 Global IT Outsourcing Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top IT Outsourcing Players in Global Market
3.2 Top Global IT Outsourcing Companies Ranked by Revenue
3.3 Global IT Outsourcing Revenue by Companies
3.4 Top 3 and Top 5 IT Outsourcing Companies in Global Market, by Revenue in 2022
3.5 Global Companies IT Outsourcing Product Type
3.6 Tier 1, Tier 2 and Tier 3 IT Outsourcing Players in Global Market
3.6.1 List of Global Tier 1 IT Outsourcing Companies
3.6.2 List of Global Tier 2 and Tier 3 IT Outsourcing Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global IT Outsourcing Market Size Markets, 2022 & 2029
4.1.2 Infrastructure Outsourcing
4.1.3 Application Outsourcing
4.2 By Type - Global IT Outsourcing Revenue & Forecasts
4.2.1 By Type - Global IT Outsourcing Revenue, 2018-2023
4.2.2 By Type - Global IT Outsourcing Revenue, 2024-2029
4.2.3 By Type - Global IT Outsourcing Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global IT Outsourcing Market Size, 2022 & 2029
5.1.2 Government
5.1.3 BFSI
5.1.4 Telecommunications
5.1.5 Manufacturing
5.1.6 Healthcare
5.1.7 Retail
5.1.8 Others
5.2 By Application - Global IT Outsourcing Revenue & Forecasts
5.2.1 By Application - Global IT Outsourcing Revenue, 2018-2023
5.2.2 By Application - Global IT Outsourcing Revenue, 2024-2029
5.2.3 By Application - Global IT Outsourcing Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global IT Outsourcing Market Size, 2022 & 2029
6.2 By Region - Global IT Outsourcing Revenue & Forecasts
6.2.1 By Region - Global IT Outsourcing Revenue, 2018-2023
6.2.2 By Region - Global IT Outsourcing Revenue, 2024-2029
6.2.3 By Region - Global IT Outsourcing Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America IT Outsourcing Revenue, 2018-2029
6.3.2 US IT Outsourcing Market Size, 2018-2029
6.3.3 Canada IT Outsourcing Market Size, 2018-2029
6.3.4 Mexico IT Outsourcing Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe IT Outsourcing Revenue, 2018-2029
6.4.2 Germany IT Outsourcing Market Size, 2018-2029
6.4.3 France IT Outsourcing Market Size, 2018-2029
6.4.4 U.K. IT Outsourcing Market Size, 2018-2029
6.4.5 Italy IT Outsourcing Market Size, 2018-2029
6.4.6 Russia IT Outsourcing Market Size, 2018-2029
6.4.7 Nordic Countries IT Outsourcing Market Size, 2018-2029
6.4.8 Benelux IT Outsourcing Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia IT Outsourcing Revenue, 2018-2029
6.5.2 China IT Outsourcing Market Size, 2018-2029
6.5.3 Japan IT Outsourcing Market Size, 2018-2029
6.5.4 South Korea IT Outsourcing Market Size, 2018-2029
6.5.5 Southeast Asia IT Outsourcing Market Size, 2018-2029
6.5.6 India IT Outsourcing Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America IT Outsourcing Revenue, 2018-2029
6.6.2 Brazil IT Outsourcing Market Size, 2018-2029
6.6.3 Argentina IT Outsourcing Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa IT Outsourcing Revenue, 2018-2029
6.7.2 Turkey IT Outsourcing Market Size, 2018-2029
6.7.3 Israel IT Outsourcing Market Size, 2018-2029
6.7.4 Saudi Arabia IT Outsourcing Market Size, 2018-2029
6.7.5 UAE IT Outsourcing Market Size, 2018-2029
7 IT Outsourcing Companies Profiles
7.1 Accenture
7.1.1 Accenture Company Summary
7.1.2 Accenture Business Overview
7.1.3 Accenture IT Outsourcing Major Product Offerings
7.1.4 Accenture IT Outsourcing Revenue in Global Market (2018-2023)
7.1.5 Accenture Key News & Latest Developments
7.2 HCL Technologies
7.2.1 HCL Technologies Company Summary
7.2.2 HCL Technologies Business Overview
7.2.3 HCL Technologies IT Outsourcing Major Product Offerings
7.2.4 HCL Technologies IT Outsourcing Revenue in Global Market (2018-2023)
7.2.5 HCL Technologies Key News & Latest Developments
7.3 HPE
7.3.1 HPE Company Summary
7.3.2 HPE Business Overview
7.3.3 HPE IT Outsourcing Major Product Offerings
7.3.4 HPE IT Outsourcing Revenue in Global Market (2018-2023)
7.3.5 HPE Key News & Latest Developments
7.4 IBM
7.4.1 IBM Company Summary
7.4.2 IBM Business Overview
7.4.3 IBM IT Outsourcing Major Product Offerings
7.4.4 IBM IT Outsourcing Revenue in Global Market (2018-2023)
7.4.5 IBM Key News & Latest Developments
7.5 TCS
7.5.1 TCS Company Summary
7.5.2 TCS Business Overview
7.5.3 TCS IT Outsourcing Major Product Offerings
7.5.4 TCS IT Outsourcing Revenue in Global Market (2018-2023)
7.5.5 TCS Key News & Latest Developments
7.6 Oracle
7.6.1 Oracle Company Summary
7.6.2 Oracle Business Overview
7.6.3 Oracle IT Outsourcing Major Product Offerings
7.6.4 Oracle IT Outsourcing Revenue in Global Market (2018-2023)
7.6.5 Oracle Key News & Latest Developments
7.7 Cognizant
7.7.1 Cognizant Company Summary
7.7.2 Cognizant Business Overview
7.7.3 Cognizant IT Outsourcing Major Product Offerings
7.7.4 Cognizant IT Outsourcing Revenue in Global Market (2018-2023)
7.7.5 Cognizant Key News & Latest Developments
7.8 Infosys
7.8.1 Infosys Company Summary
7.8.2 Infosys Business Overview
7.8.3 Infosys IT Outsourcing Major Product Offerings
7.8.4 Infosys IT Outsourcing Revenue in Global Market (2018-2023)
7.8.5 Infosys Key News & Latest Developments
7.9 CapGemini
7.9.1 CapGemini Company Summary
7.9.2 CapGemini Business Overview
7.9.3 CapGemini IT Outsourcing Major Product Offerings
7.9.4 CapGemini IT Outsourcing Revenue in Global Market (2018-2023)
7.9.5 CapGemini Key News & Latest Developments
7.10 NTT Data
7.10.1 NTT Data Company Summary
7.10.2 NTT Data Business Overview
7.10.3 NTT Data IT Outsourcing Major Product Offerings
7.10.4 NTT Data IT Outsourcing Revenue in Global Market (2018-2023)
7.10.5 NTT Data Key News & Latest Developments
7.11 Sodexo
7.11.1 Sodexo Company Summary
7.11.2 Sodexo Business Overview
7.11.3 Sodexo IT Outsourcing Major Product Offerings
7.11.4 Sodexo IT Outsourcing Revenue in Global Market (2018-2023)
7.11.5 Sodexo Key News & Latest Developments
7.12 ACS
7.12.1 ACS Company Summary
7.12.2 ACS Business Overview
7.12.3 ACS IT Outsourcing Major Product Offerings
7.12.4 ACS IT Outsourcing Revenue in Global Market (2018-2023)
7.12.5 ACS Key News & Latest Developments
7.13 ISS
7.13.1 ISS Company Summary
7.13.2 ISS Business Overview
7.13.3 ISS IT Outsourcing Major Product Offerings
7.13.4 ISS IT Outsourcing Revenue in Global Market (2018-2023)
7.13.5 ISS Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. IT Outsourcing Market Opportunities & Trends in Global Market
Table 2. IT Outsourcing Market Drivers in Global Market
Table 3. IT Outsourcing Market Restraints in Global Market
Table 4. Key Players of IT Outsourcing in Global Market
Table 5. Top IT Outsourcing Players in Global Market, Ranking by Revenue (2022)
Table 6. Global IT Outsourcing Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global IT Outsourcing Revenue Share by Companies, 2018-2023
Table 8. Global Companies IT Outsourcing Product Type
Table 9. List of Global Tier 1 IT Outsourcing Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 IT Outsourcing Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global IT Outsourcing Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - IT Outsourcing Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - IT Outsourcing Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global IT Outsourcing Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - IT Outsourcing Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - IT Outsourcing Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global IT Outsourcing Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global IT Outsourcing Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global IT Outsourcing Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America IT Outsourcing Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America IT Outsourcing Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe IT Outsourcing Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe IT Outsourcing Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia IT Outsourcing Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia IT Outsourcing Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America IT Outsourcing Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America IT Outsourcing Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa IT Outsourcing Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa IT Outsourcing Revenue, (US$, Mn), 2024-2029
Table 30. Accenture Company Summary
Table 31. Accenture IT Outsourcing Product Offerings
Table 32. Accenture IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 33. Accenture Key News & Latest Developments
Table 34. HCL Technologies Company Summary
Table 35. HCL Technologies IT Outsourcing Product Offerings
Table 36. HCL Technologies IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 37. HCL Technologies Key News & Latest Developments
Table 38. HPE Company Summary
Table 39. HPE IT Outsourcing Product Offerings
Table 40. HPE IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 41. HPE Key News & Latest Developments
Table 42. IBM Company Summary
Table 43. IBM IT Outsourcing Product Offerings
Table 44. IBM IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 45. IBM Key News & Latest Developments
Table 46. TCS Company Summary
Table 47. TCS IT Outsourcing Product Offerings
Table 48. TCS IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 49. TCS Key News & Latest Developments
Table 50. Oracle Company Summary
Table 51. Oracle IT Outsourcing Product Offerings
Table 52. Oracle IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 53. Oracle Key News & Latest Developments
Table 54. Cognizant Company Summary
Table 55. Cognizant IT Outsourcing Product Offerings
Table 56. Cognizant IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 57. Cognizant Key News & Latest Developments
Table 58. Infosys Company Summary
Table 59. Infosys IT Outsourcing Product Offerings
Table 60. Infosys IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 61. Infosys Key News & Latest Developments
Table 62. CapGemini Company Summary
Table 63. CapGemini IT Outsourcing Product Offerings
Table 64. CapGemini IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 65. CapGemini Key News & Latest Developments
Table 66. NTT Data Company Summary
Table 67. NTT Data IT Outsourcing Product Offerings
Table 68. NTT Data IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 69. NTT Data Key News & Latest Developments
Table 70. Sodexo Company Summary
Table 71. Sodexo IT Outsourcing Product Offerings
Table 72. Sodexo IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 73. Sodexo Key News & Latest Developments
Table 74. ACS Company Summary
Table 75. ACS IT Outsourcing Product Offerings
Table 76. ACS IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 77. ACS Key News & Latest Developments
Table 78. ISS Company Summary
Table 79. ISS IT Outsourcing Product Offerings
Table 80. ISS IT Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 81. ISS Key News & Latest Developments
List of Figures
Figure 1. IT Outsourcing Segment by Type in 2022
Figure 2. IT Outsourcing Segment by Application in 2022
Figure 3. Global IT Outsourcing Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global IT Outsourcing Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global IT Outsourcing Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by IT Outsourcing Revenue in 2022
Figure 8. By Type - Global IT Outsourcing Revenue Market Share, 2018-2029
Figure 9. By Application - Global IT Outsourcing Revenue Market Share, 2018-2029
Figure 10. By Type - Global IT Outsourcing Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global IT Outsourcing Revenue Market Share, 2018-2029
Figure 12. By Application - Global IT Outsourcing Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global IT Outsourcing Revenue Market Share, 2018-2029
Figure 14. By Region - Global IT Outsourcing Revenue Market Share, 2018-2029
Figure 15. By Country - North America IT Outsourcing Revenue Market Share, 2018-2029
Figure 16. US IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 17. Canada IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe IT Outsourcing Revenue Market Share, 2018-2029
Figure 20. Germany IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 21. France IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 23. Italy IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 24. Russia IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia IT Outsourcing Revenue Market Share, 2018-2029
Figure 28. China IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 29. Japan IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 32. India IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America IT Outsourcing Revenue Market Share, 2018-2029
Figure 34. Brazil IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa IT Outsourcing Revenue Market Share, 2018-2029
Figure 37. Turkey IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 38. Israel IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 40. UAE IT Outsourcing Revenue, (US$, Mn), 2018-2029
Figure 41. Accenture IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. HCL Technologies IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. HPE IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. IBM IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. TCS IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Oracle IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Cognizant IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Infosys IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. CapGemini IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. NTT Data IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 51. Sodexo IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 52. ACS IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 53. ISS IT Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
