Read More: https://www.thebusinessresearchcompany.com/report/information-technology-global-market-report-2018
The substantial reason for the growth of the market from $4 trillion
in 2017 to $5 trillion by 2021 is the IT development in growing economies such
as China and India as these countries are practising high levels of tech
adoption.
Asia Pacific was the largest region in the market in 2017, accounting
for around two-fifths of the market share.
The information technology (IT) market in The Business Research
Company’s report is split into four segments: IT services, computer hardware,
telecom, and software product. Telecommunications was the largest segment with
half of the market share. IT services was the second largest segment with
two-fifth of the market share. It was followed by software publishers with ten
percent of the market share, and computer hardware with less than five-percent
market share.
The USA was the largest country in the information technology market
in 2017, accounting for one-fifth of the market share. This is due to the presence
of large number of software and mobile application developers. The USA was
followed by China and Germany as the next largest countries in the market.
The top five competitors in the market are AT&T, Apple, Verizon
Communications Inc., China Mobile Ltd, and Microsoft. AT&T was the biggest
player in IT industry in 2017, with revenue exceeding $160 billion. AT&T
Inc. provides communications and digital entertainment services. The company
operates through four segments: business solutions, entertainment group,
consumer mobility, and international. The business solutions segment offers
wireless services, and data services, while the entertainment segment provides
video entertainment and audio programming channels. The consumer mobility
segment offers post-paid and prepaid wireless voice and data communications
services to consumers. It offers services to multinational companies,
governmental and wholesale customers, and individual subscribers. The company
is based in Dallas, Texas.
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