Global IT Outsourcing in Capital Market Overview:
IT outsourcing is a process by which an organization contracts with a third-party company to provide deliver IT-enabled business process, application service and infrastructure solutions for business outcomes. The outsourcing process can also refer to contracting out workers in various fields, such as customer service or accounting. IT Outsourcing, which includes software as a service, utility services, and cloud-enabled outsourcing.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emerging trends of Digital Transformation and Robotics Process Automation
Market Growth Drivers:
The adoption of new emergence technologies such as artificial intelligence (AI) and Increasing demand for IT outsourcing from emerging economies
Challenges:
IT Outsourcing is difficult to implement
Restraints:
Failure rate of IT outsourcing relationships is high
Opportunities:
Growing Technologies and New Developments in Digitization
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Some of the key players profiled in the report are Accenture (Ireland), Cognizant Technology Solution (United States), IBM (United States), Tata Consultancy Services (India), Aegis (India), Capgemini (France), CGI Group (Canada), Dell (United States), EPAM (United States), FIS (United States), HCL (India), Hexaware (India), iGate Solutions (United States) and Infosys (India). Additionally, following companies can also be profiled that are part of our coverage like ITC Infotech (India), L&T Infotech (India) and Wipro (India). Analyst at AMA Research see United States Players to retain maximum share of Global IT Outsourcing in Capital market by 2028. Considering Market by Deployment, the sub-segment i.e. Web-based will boost the IT Outsourcing in Capital market. Considering Market by Component, the sub-segment i.e. Software will boost the IT Outsourcing in Capital market. Considering Market by Verticals, the sub-segment i.e. Government will boost the IT Outsourcing in Capital market.
Latest Market Insights:
In June , 2023 – Accenture has entered into an agreement to acquire Anser Advisory, an advisory and management company for infrastructure projects in the United States.
In July 2021- IT consulting company Atos has acquired three technology businesses in markets. Atos Company starting to sell off legacy technology business units and some IT outsourcing operations by focusing on data center hosting and call centers.
What Can be Explored with the IT Outsourcing in Capital Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global IT Outsourcing in Capital Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in IT Outsourcing in Capital
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global IT Outsourcing in Capital market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in IT Outsourcing in Capital market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes IT Outsourcing Service Providers, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.