Market Overview:
The global IT outsourcing solutions market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for IT outsourcing solutions from SMEs and large enterprises across the globe. Moreover, the growing trend of cloud-based services is also fueling the growth of the global IT outsourcing solutions market. However, lack of awareness about IT outsourcing solutions among small businesses is restraining the growth of this market. The global IT outsourcing solutions market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into infrastructure managed services, application/software development Outsourcing (ASD), and others. In terms of application, it can be classified into SMEs and large enterprises.
Product Definition:
An information technology (IT) outsourcing solution is a contractual agreement between a company and an external service provider in which the provider provides IT-related services to the company. The benefits of IT outsourcing solutions include cost savings, improved efficiency, and increased flexibility.
Infrastructure Managed Services:
Infrastructure-as-a-Service (IaaS) is a model where the computing infrastructure is managed by an service provider and the end user can use software applications on demand. The key benefit of IaaS over Infrastructure-as-a-Product (IAP) or traditional Infrastructure Services, including support for virtualization, scalability, and rapid elasticity of services are covered in my previous blogs.
Application/software development Outsourcing:
Application/software development outsourcing (ASDO) is a form of software consulting where companies hire third party service providers to develop applications and software for them. The application developed by the service provider will be used by the client company either it's an operating system, a database or another application. Software development involves designing, testing, and implementation of computer programs whereas Application Development involve designing user-friendly interfaces and Applications that meet business requirements.
Application Insights:
The Small and Medium-sized Enterprises (SMEs) segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing demand for customized software development, web application outsourcing and IT infrastructure management services from SMEs across the globe. As per a study by Capgemini, in 2016, around 70% of all digital business transactions were carried out by SMEs; globally, there are more than 6 million such businesses operating with a annual revenue less than USD 20 million.
Moreover, as per Gartner Inc., around 90% of all applications run on mainframe computers; however only 10% of these applications are used worldwide; 80%of these applications are used within North America region only; this shows that majority of small and medium-sized enterprises have lesser penetration outside their regional markets but still they prefer to go through offshore Outsourcing partners rather than onshore providers due to lesser cost advantages associated with it.
Regional Analysis:
The North American region dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing investments in R&D by enterprises, growing demand for skilled labor, and technological advancements. Moreover, presence of major IT service providers such as IBM Corporation; Hewlett Packard Enterprise Development LP; Cognizant Technology Solutions LLC; DXC Technology Company LLC.; Deloitte Touche Tohmatsu Limited.; Infosys Ltd.; HCL America Inc.; among others is also contributing towards regional growth.
Asia Pacific region accounted for a significant share owing to increased outsourcing activities by enterprises from developed economies of North America and Europe coupled with rising labor costs in these regions. In addition, favorable regulatory reforms aimed at encouraging FDI are anticipated to fuel regional growth over the forecast period.
Growth Factors:
- Increased demand for IT outsourcing services from small and medium-sized businesses (SMBs) due to the need for cost savings and improved efficiency.
- Rapid growth of cloud computing, big data, and mobile technologies, which are creating new opportunities for IT outsourcing providers to help clients move to these platforms.
- The increasing complexity of business processes and systems, which is driving organizations to outsource more complex IT tasks rather than trying to manage them in-house.
- The globalization of business operations, which is leading companies to seek out offshore outsourcing partners with lower costs and specialized skillsets that can help them compete in global markets.
- The growing popularity of DevOps methodologies among enterprises, which is encouraging more organizations to outsource their software development needs in order to speed up the product release process
Scope Of The Report
Report Attributes
Report Details
Report Title
IT Outsourcing Solutions Market Research Report
By Type
Infrastructure Managed Services, Application/software development Outsourcing, Others
By Application
SMEs, Large Enterprises
By Companies
Accenture, HCL Technologies, HPE, IBM, TCS, Oracle, Cognizant, Infosys, CapGemini, NTT Data, Sodexo, ACS, ISS, BT, Capita, CGI, Telefonica, Computacenter, Econocom, Evry, Fujitsu, Getronics, Wipro, Indra, Tieto, KPN, Orange, Sopra Steria, Swisscom
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global IT Outsourcing Solutions Market Report Segments:
The global IT Outsourcing Solutions market is segmented on the basis of:
Types
Infrastructure Managed Services, Application/software development Outsourcing, Others
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
SMEs, Large Enterprises
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:
- Accenture
- HCL Technologies
- HPE
- IBM
- TCS
- Oracle
- Cognizant
- Infosys
- CapGemini
- NTT Data
- Sodexo
- ACS
- ISS
- BT
- Capita
- CGI
- Telefonica
- Computacenter
- Econocom
- Evry
- Fujitsu
- Getronics
- Wipro
- Indra
- Tieto
- KPN
- Orange
- Sopra Steria
- Swisscom
Highlights of The IT Outsourcing Solutions 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:
- Infrastructure Managed Services
- Application/software development Outsourcing
- Others
- By Application:
- SMEs
- Large Enterprises
- 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 IT Outsourcing Solutions 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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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?
IT outsourcing solutions refers to the contracting of a third party to provide IT services. Outsourcing can take many forms, including providing technology support, application development and maintenance, or even data center management.
Some of the key players operating in the it outsourcing solutions market are Accenture, HCL Technologies, HPE, IBM, TCS, Oracle, Cognizant, Infosys, CapGemini, NTT Data, Sodexo, ACS, ISS, BT, Capita, CGI, Telefonica, Computacenter, Econocom, Evry, Fujitsu, Getronics, Wipro, Indra, Tieto, KPN, Orange, Sopra Steria, Swisscom.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IT Outsourcing Solutions 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 IT Outsourcing Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IT Outsourcing Solutions 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 IT Outsourcing Solutions 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 IT Outsourcing Solutions Market Size & Forecast, 2018-2028
4.5.1 IT Outsourcing Solutions Market Size and Y-o-Y Growth
4.5.2 IT Outsourcing Solutions Market Absolute $ Opportunity
Chapter 5 Global IT Outsourcing Solutions 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 IT Outsourcing Solutions Market Size Forecast by Type
5.2.1 Infrastructure Managed Services
5.2.2 Application/software development Outsourcing
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IT Outsourcing Solutions 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 IT Outsourcing Solutions Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IT Outsourcing Solutions 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 IT Outsourcing Solutions 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 IT Outsourcing Solutions Analysis and Forecast
9.1 Introduction
9.2 North America IT Outsourcing Solutions 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 IT Outsourcing Solutions Market Size Forecast by Type
9.6.1 Infrastructure Managed Services
9.6.2 Application/software development Outsourcing
9.6.3 Others
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 IT Outsourcing Solutions Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
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 IT Outsourcing Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe IT Outsourcing Solutions 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 IT Outsourcing Solutions Market Size Forecast by Type
10.6.1 Infrastructure Managed Services
10.6.2 Application/software development Outsourcing
10.6.3 Others
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 IT Outsourcing Solutions Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
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 IT Outsourcing Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IT Outsourcing Solutions 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 IT Outsourcing Solutions Market Size Forecast by Type
11.6.1 Infrastructure Managed Services
11.6.2 Application/software development Outsourcing
11.6.3 Others
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 IT Outsourcing Solutions Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
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 IT Outsourcing Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America IT Outsourcing Solutions 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 IT Outsourcing Solutions Market Size Forecast by Type
12.6.1 Infrastructure Managed Services
12.6.2 Application/software development Outsourcing
12.6.3 Others
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 IT Outsourcing Solutions Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
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) IT Outsourcing Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IT Outsourcing Solutions 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) IT Outsourcing Solutions Market Size Forecast by Type
13.6.1 Infrastructure Managed Services
13.6.2 Application/software development Outsourcing
13.6.3 Others
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) IT Outsourcing Solutions Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
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 IT Outsourcing Solutions Market: Competitive Dashboard
14.2 Global IT Outsourcing Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture
14.3.2 HCL Technologies
14.3.3 HPE
14.3.4 IBM
14.3.5 TCS
14.3.6 Oracle
14.3.7 Cognizant
14.3.8 Infosys
14.3.9 CapGemini
14.3.10 NTT Data
14.3.11 Sodexo
14.3.12 ACS
14.3.13 ISS
14.3.14 BT
14.3.15 Capita
14.3.16 CGI
14.3.17 Telefonica
14.3.18 Computacenter
14.3.19 Econocom
14.3.20 Evry
14.3.21 Fujitsu
14.3.22 Getronics
14.3.23 Wipro
14.3.24 Indra
14.3.25 Tieto
14.3.26 KPN
14.3.27 Orange
14.3.28 Sopra Steria
14.3.29 Swisscom
