The Business Research Company’s latest report IT Services Global Market Report 2020 covers IT Services market drivers, IT Services market trends, IT Services market segments, IT Services market growth rate, IT Services market major players, and IT Services market size. The report provides in-depth analysis of the impact of COVID-19 on the IT Services industry, along with revised market numbers due to the effects of the coronavirus.
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IT Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global it services market is expected to grow from $3450.1 billion in 2019 to $3506.2 billion in 2020 at a compound annual growth rate (CAGR) of 1.7%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 12% from 2021 and reach $4788.7 billion in 2023.
The report covers the IT Services market’s segments-
1) By Type: Hardware Support Services, Software And BPO Services, Cloud Services
2) By Organization Size: Large Enterprises, Small And Medium Enterprises
3) By End-User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Others
4) By Service Provider Location: North America, Asia Pacific, Western Europe, Eastern Europe, Rest of the World.
Subsegments covered: Computer And Peripherals Support Services, Storage And Servers Support Services, Networking Support Services, Others – Hardware Support Services, BPO Services, Software Services, Software as a service (SaaS), Platform as a service (PaaS), Infrastructure as a service (IaaS), Business Process as a service (BPaaS).
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