Over the past five years, cloud
software solutions have been gaining acceptance from companies across all industries.
Cloud is a software delivery method where a vendor hosts a software application
in a remote server and customers can access it through the internet. Cloud
software solutions are widely used in customer relationship management (CRM),
HR/payroll, project management and accounting software systems. For example,
Vodafone is utilizing Salesforce.com’s software services to make connections
through social media.
THE BUSINESS RESEARCH COMPANY EXPECTS
THE INFORMATION TECHNOLOGY SERVICES MARKET TO GROW TO $4 TRILLION BY 2021
North America was the largest
region in the Information technology services market in 2017, accounting for
one third of the global market share.
Read report: https://www.thebusinessresearchcompany.com/report/information-technology-services-market-global-briefing-2018
According to The Business Research Company’s Consultant, Nitin
Gianchandani, the number of mergers and acquisitions in the IT services
industry is rising significantly since the last decade. The IT industry is
witnessing a massive change in the SMAC market—social, mobile, analytics and
cloud. Acquisitions in the industry has led companies to increase the scale of
their operations, develop more expertise and increase revenue. For example,
after the acquisition of ExactTarget by Salesforce in 2013, the company’s
revenue increased from $2.8 billion in 2013 to $5.4 billion in 2015.
Microsoft Corp. was the largest
competitor in the information technology services market in 2017 with revenues
of $90.0 billion for the financial year 2016. Microsoft’s growth strategy is to
focus on mobile and cloud solutions; it is also targeting having a billion
subscribers for Windows 10 by 2018.
IT services providers apply
technical expertise and knowledge to enable organizations to create, manage and
optimize their IT processes. The information technology services industry
breaks down into custom computer programming services, computer systems design
services and computer related services.
Information Technology Services Market
Global Briefing 2018 is a detailed report giving a unique insight into this
market. The report is priced at $1000 for an individual user. To use across
your office, the price is $1500 and $2000 if you wish to use across a
multinational company.
About The Business Research Company
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