NEW YORK, Sept. 14, 2016 /PRNewswire/ -- IT services providers apply technical expertise and knowledge to enable organizations to create, manage and optimize their IT processes. The information technology services industry breaks down into custom computer programming services, computer systems design services and computer related services.
The Americas was the largest geographic market in the information technology services market in 2015, accounting for $xx billion or xx% of the global market. The Americas is the largest market because of high internet penetration, access to smart phone devices and high magazines and newspaper readership.
Europe was the second largest geographic market, accounting for $xx billion or xx% of the global market.
Asia was the third largest geographic market, accounting for $xx billion or xx% of the global market.
Middle East and Africa accounted for xx% and $xx billion, while Oceania accounted for xx% of the global information technology services market.
Global per capita information technology services consumption grew from $xx in 2011 to $xx in 2015 at a CAGR of xx% and is expected to grow to $xx in 2019 at a CAGR of xx%. This was due to increase in spending on security applications such as anti-virus, network security tools , information collaboration technologies such as skype and blogs that are used in many industries such as manufacturing, software and others.
Over the past five years, cloud software solutions have been gaining acceptance from companies across all industries. Cloud is a software delivery method where a vendor hosts a software application in a remote server and customers can access it through the internet. Cloud software solutions are widely used in customer relationship management (CRM), HR/payroll, project management and accounting software systems. For example, Vodafone is utilizing Salesforce.com's software services to make connections through social media.
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