Market Overview:
The global ICT and outsourcing market is expected to grow from USD 1,711.5 billion in 2018 to USD 3,521.8 billion by 2030, at a CAGR of 10.1% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based services, big data analytics, and artificial intelligence (AI). Moreover, the growing trend of Bring Your Own Device (BYOD) is also fueling the growth of this market. However, lack of standardization and interoperability among various platforms may restrain the growth of this market during the forecast period. On basis on communications technology Outsourcing: Latin America held largest share in 2017.
Product Definition:
ICT is an abbreviation for information and communication technology. Outsourcing is the process of contracting out some specific business operations to a third party. The importance of ICT and outsourcing can be summed up in two words: efficiency and cost savings. By using ICT, businesses can improve the efficiency of their operations, while outsourcing certain functions can lead to significant cost savings.
Information:
The global information is expected to witness significant growth over the forecast period owing to its increasing usage in communication and computing technology. Information, as we know it today has been evolving for decades. The forerunner of modern-day information was first discovered in the 13th century, when some Arab merchants were transporting goods from Asia to Europe and encountered a large fleet of Genoese merchants sailing from Europe to Asia with similar goods.
Communications:
Global Communications and it's usage in ICT and Outsourcing market size was valued at USD 6.5 billion in 2015. The industry is expected to witness significant growth over the forecast period owing to increasing demand for outsourcing services across different verticals such as IT & telecom, BFSI, retail, healthcare & life sciences among others.
North America communications.
Application Insights:
The commercial application segment dominated the global industry in 2017, accounting for a share of over 60.0%. The growth can be attributed to the increasing demand for applications such as e-commerce, banking and financial services, healthcare information technology, public sector IT and others. The civil application segment is expected to witness significant growth over the forecast period owing to an increase in government initiatives that focus on improving access to ICTs and promoting digital inclusion. For instance, according to a study published by UNCTAD in 2018; it was found that only 31% of countries have national policies focused on ensuring digital inclusion which are effective at reaching the intended beneficiaries. Furthermore, companies such as Microsoft offer cloud computing services while Google offers free internet access through its Project Loon initiative which is likely to propel market growth across various applications during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of IT and telecom companies in this region. Moreover, increasing demand for smartphones and tablets is expected to drive the regional market further. Asia Pacific is projected to witness significant growth over the forecast period owing to increased outsourcing activities by various governments as well as private organizations in this region. Furthermore, growing adoption of new technologies such as cloud computing and big data analytics will fuel regional growth further.
Growth Factors:
- Increasing demand for cloud-based services and big data analytics
- Proliferation of mobile devices and the growth of Bring Your Own Device (BYOD) trend
- Emergence of new technologies such as social, mobile, analytics and cloud (SMAC)
- Rapid adoption of IoT across industries
- Growing demand for cost-effective and scalable IT solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
ICT and Outsourcing Market Research Report
By Type
Information, Communications, Technology
By Application
Commercial, Millitary, Civil
By Companies
AT&T, Verizon, China Mobile, NTT, Deutsche Telekom, China Telecom, Telefonica, Softbank, Vodafone, Orange
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global ICT and Outsourcing Market Report Segments:
The global ICT and Outsourcing market is segmented on the basis of:
Types
Information, Communications, Technology
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Millitary, Civil
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AT&T
- Verizon
- China Mobile
- NTT
- Deutsche Telekom
- China Telecom
- Telefonica
- Softbank
- Vodafone
- Orange
Highlights of The ICT and Outsourcing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Information
- Communications
- Technology
- By Application:
- Commercial
- Millitary
- Civil
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the ICT and Outsourcing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
ICT stands for information and communication technology, while outsourcing refers to the contracting out of certain services or functions within an organization. ICT can refer to anything from desktop computers and laptops to software applications and servers. Outsourcing can involve the contracting out of a companyu2019s entire IT function, including hardware, software development, system administration, network management and more.
Some of the major companies in the ict and outsourcing market are AT&T, Verizon, China Mobile, NTT, Deutsche Telekom, China Telecom, Telefonica, Softbank, Vodafone, Orange.
The ict and outsourcing market is expected to grow at a compound annual growth rate of 10.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ICT and Outsourcing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ICT and Outsourcing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ICT and Outsourcing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ICT and Outsourcing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ICT and Outsourcing Market Size & Forecast, 2018-2028
4.5.1 ICT and Outsourcing Market Size and Y-o-Y Growth
4.5.2 ICT and Outsourcing Market Absolute $ Opportunity
Chapter 5 Global ICT and Outsourcing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 ICT and Outsourcing Market Size Forecast by Type
5.2.1 Information
5.2.2 Communications
5.2.3 Technology
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global ICT and Outsourcing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 ICT and Outsourcing Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Millitary
6.2.3 Civil
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ICT and Outsourcing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ICT and Outsourcing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America ICT and Outsourcing Analysis and Forecast
9.1 Introduction
9.2 North America ICT and Outsourcing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America ICT and Outsourcing Market Size Forecast by Type
9.6.1 Information
9.6.2 Communications
9.6.3 Technology
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America ICT and Outsourcing Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Millitary
9.10.3 Civil
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe ICT and Outsourcing Analysis and Forecast
10.1 Introduction
10.2 Europe ICT and Outsourcing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe ICT and Outsourcing Market Size Forecast by Type
10.6.1 Information
10.6.2 Communications
10.6.3 Technology
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe ICT and Outsourcing Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Millitary
10.10.3 Civil
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific ICT and Outsourcing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific ICT and Outsourcing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific ICT and Outsourcing Market Size Forecast by Type
11.6.1 Information
11.6.2 Communications
11.6.3 Technology
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific ICT and Outsourcing Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Millitary
11.10.3 Civil
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America ICT and Outsourcing Analysis and Forecast
12.1 Introduction
12.2 Latin America ICT and Outsourcing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America ICT and Outsourcing Market Size Forecast by Type
12.6.1 Information
12.6.2 Communications
12.6.3 Technology
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America ICT and Outsourcing Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Millitary
12.10.3 Civil
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) ICT and Outsourcing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) ICT and Outsourcing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) ICT and Outsourcing Market Size Forecast by Type
13.6.1 Information
13.6.2 Communications
13.6.3 Technology
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) ICT and Outsourcing Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Millitary
13.10.3 Civil
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 ICT and Outsourcing Market: Competitive Dashboard
14.2 Global ICT and Outsourcing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AT&T
14.3.2 Verizon
14.3.3 China Mobile
14.3.4 NTT
14.3.5 Deutsche Telekom
14.3.6 China Telecom
14.3.7 Telefonica
14.3.8 Softbank
14.3.9 Vodafone
14.3.10 Orange
