The global IT services outsourcing market is anticipated to grow at a considerable CAGR of 6.9 % during the forecast period (2022-2028). Many IT solutions being used for e-commerce such as teleworking and cloud computing, which are provided by IT services outsourcing companies. This is considered to be the primary factor which is boosting the market growth. The rapid expansion of the e-commerce sector across the globe is supporting the IT outsourcing services market. The companies are announcing various launches, acquisitions, and investments in e-commerce which directly supports the IT outsourcing market. For instance, in June 2021, MasterCard invested an undisclosed amount in Instamojo, a payments firm, to help digitize online stores and process their payments more seamlessly.
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- In April 2021, Flipkart acquired Cleartrip, an online travel technology firm. Flipkart purchased 100% shareholding of Cleartrip as the company expands its investments to broaden its digital commerce offerings for customers.
- In March 2021, the Confederation of All India Traders (CAIT), which represents 80 million traders and 40,000 trader associations, launched a mobile app for its e-commerce portal, ‘Bharat E-market’. Through this launch, the association aims to get more small traders to sell online easily through smartphones.
- Furthermore, another factor propelling the growth of the market is various e-commerce government initiatives across the globe. For instance, as of 2021, according to the international trade administration, the Singapore government actively supports e-commerce to assist businesses in establishing strategies locally and abroad while supporting players to increase sales and productivity. In addition, the Singapore government agencies, Enterprise Singapore, and Infocomm Development Authority are supporting the online business through initiatives and incentives such as the E-Commerce Booster Package and SMEs Go Digital Programs, which are directly supporting the market growth.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Services
- By Deployment
- By Enterprise Size
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
Rest of the World
Competitive Landscape– including Accenture Plc, IBM Corp., Fujitsu Ltd., SAP SE, Capgemini SE, Cognizant, HCL Technologies Ltd., Infosys Ltd., Oracle Corp., Tata Consultancy Services, Wipro Ltd., and others.
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Global IT Services Outsourcing Market Report Segment
By Services
- Application/Software Development
- Web Development
- Application Support & Management
- Technical Support/Help Desk
- Database Development & Management
- Telecommunications
By Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Enterprise Size
- Large Enterprise
- Small & Medium Enterprises
By Deployment
- Automotive & Transportation
- Aerospace & Defence
- BFSI
- Healthcare
- Retail
- Others
Global IT Services Outsourcing Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Amadeus IT Group
- Andela Inc.
- ATOS SE
- BMC Software
- Cognizant
- DXC Technologies
- HCL Technologies Ltd.
- Hewlett Packard Enterprise Development LP
- Infosys Ltd.
- NTT Data Corp.
- Oracle Corp.
- Pointwest Technologies
- Tata Cosultancy Services
- Wipro Ltd.
- WNS Global Services
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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