Global IT services market size 2014-2020
The global IT services market is forecast to grow to 748 billion U.S. dollars in revenue in 2020 – more than one hundred billion U.S. dollars more than the market revenue in 2014. The high value IT services market alone, which excludes support services and training and education services, is forecast to reach 706.4 billion U.S. dollars in 2022.
IT services market
A key sub-sector of the larger information technology industry, the IT services market offers a wide range of services which include business process services, application services and infrastructure services. Such services can also be outsourced. In 2017, IBM was the largest IT services company worldwide in terms of net sales, generating 37.8 billion U.S. dollars in this field. Other major IT services firms include Accenture, with revenues of over 31 billion dollars, along with Fujitsu and DXC, both of which earned around 20 billion. North America is the largest regional IT services market – this is no surprise, given the amount of major technology firms located in the United States.
IT services market
A key sub-sector of the larger information technology industry, the IT services market offers a wide range of services which include business process services, application services and infrastructure services. Such services can also be outsourced. In 2017, IBM was the largest IT services company worldwide in terms of net sales, generating 37.8 billion U.S. dollars in this field. Other major IT services firms include Accenture, with revenues of over 31 billion dollars, along with Fujitsu and DXC, both of which earned around 20 billion. North America is the largest regional IT services market – this is no surprise, given the amount of major technology firms located in the United States.
