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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