The 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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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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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
IT Services Outsourcing Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the IT Services Outsourcing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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