The report forecasts the global information technology (IT) services market to grow at a CAGR of 5.6% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, the need to focus on core competencies and improve efficiency will lead to the growth of this market. Firms implement IT services, such as managed services and ITO services, to focus on their core business process and outsource IT functions to improve operational efficiencies.
Companies outsource IT-related requirements, such as application and infrastructure management to ITO service provider. This supports companies to achieve their vision and mission by putting their resources and people skills into their core business. It also helps to improve companies' operational efficiency as firms do not need to invest in resources or concern about managing limited available resources.
Further, the report states that data privacy and security risk in cloud-based services will be a major challenge for this market. Data privacy and security risks are one of the major barriers to the adoption of cloud services in organizations, especially in the public cloud. Cloud security management is a challenging task for vendors to protect online data.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by IT service offerings