IT Outsourcing Market Growth Forecast Analysis by Manufacturers, Regions, Type and Application To 2022


Technavio Announces the Publication of its Research Report – Global IT Outsourcing Market 2018-2022

Technavio recognizes the following companies as the key players in the global IT outsourcing market: Accenture, HCL Technologies, HPE, IBM, and TCS. 

Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is rise in the integration of application outsourcing.” To deal with the competition in the market, organizations are outsourcing their IT application services to IT sourcing providers. 
According to the report, one driver influencing this market is the need to optimize business processes. Capacity optimization, lead time and cost reduction, as well as profit incrementation can be achieved by IT outsourcing services. 

Further, the report states that one challenge affecting this market is the data privacy and security risks in cloud-based services. Cloud security management is a challenging task for vendors to protect data online. 

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The market is expected to grow at a CAGR of 3.88%
About IT Outsourcing

IT outsourcing is the process of subcontracting the IT functions of an organization to a third-party vendor, which has specific domain expertise in the required field. It is an effective strategy to build a high-performance IT organization. 

Technavio’s analysts forecast the Global IT Outsourcing Market to grow at a CAGR of 4.42% during the period 2018-2022.

Covered in this report 
The report covers the present scenario and the growth prospects of the global IT outsourcing market. To calculate the market size, the report considers the revenue generated from IT outsourcing contracts at the point of origin. 
The market is divided into the following segments based on geography: 
• Americas
• APAC
• EMEA

Technavio's report, global IT outsourcing market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
• Accenture
• HCL Technologies
• HPE
• IBM
• TCS

Market driver 
• Need to adhere to regulatory guidelines and ensure compliance 
• For a full, detailed list, view our report 

Market challenge 
• Shortage of skilled IT professionals 
• For a full, detailed list, view our report 

Market trend 
• Growing digital transformation in organizations 
• For a full, detailed list, view our report 

Key questions answered in this report 
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors? 
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