Global IT Services Outsourcing Market Trends 2022 | Segmentation, Outlook, Industry Report to 2028

The ability of outsourcing services to reduce operating costs and optimize return on investment It is expected to drive the growth of the outsourcing services market. The trend of rapid technological development and digitization is growing faster than ever, which drives the growth of the service outsourcing market. In addition, the need for service outsourcing is rapidly increasing along with increasing demand to improve the product development process.

As the need for the development of products and related platforms increases, the demand for service outsourcing is increasing. It is the service outsourcing market that is also increasing due to global competition and decreasing product life cycle which is forcing companies to utilize their value chain to maintain market share. Therefore, due to the above factors, it is expected that the service outsourcing market will grow rapidly during the forecast period.

Scope of the Report

The research study analyzes the global IT Services Outsourcing industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

Market Segmentation:

Basis of Service Model:

• Onshore
• Offshore

Basis of Vertical:

• Automotive
• Consumer Electronics
• Telecommunication
• Semiconductor
• Aerospace
• Pharmaceutical
• Others

Key Players

Prominent players in the global IT services outsourcing market are HCL Technologies, IBM, Infosys Ltd., Tata Consultancy Services, Tech Mahindra, and Wipro Ltd., Cognizant Corporation, Capgemini SE, Accenture PLC, Genpact, Teradata, and EXL services.

Geographic Coverage

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

Key Questions Answered by IT Services Outsourcing Market Report

1. What was the IT Services Outsourcing Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of IT Services Outsourcing Market during the forecast period (2022-2028)?

3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).

4. Which manufacturer/vendor/players in the IT Services Outsourcing Market was the market leader in 2020?

5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.