North America IT Services Market to Reach USD 700.6 Billion by 2027 | Upcoming Trends and Opportunities in Report and Forecast

 According to a research report "North America IT Services Market by Service Type, Deployment Mode, Organization Size, Business Function, Vertical (BFSI, Government and Defense, Healthcare, and Consumer Goods and Retail) and Country - Forecast to 2027" According to a research report, the North America IT services market size is expected to grow from USD 500.0 billion in 2022 to USD 700.6 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period. IT services were the driving force behind the IT revolution, which changed how corporations function. These services have increased the efficiency of business processes while enabling firms to concentrate on their core competencies without bothering about the existing IT infrastructure. Businesses use IT services for a variety of purposes, from standard tasks, such as handling employee records to complex corporate processes, such as supply chain and operations management. These factors are expected to drive the growth of the North America IT services market.

Market Overview and Industry Trends

DRIVERS

·         Increased demand for cloud services

·         Rising digitization among enterprises

·         Rising complications in connectivity

·         Growing need for risk mitigation

RESTRAINTS

·         Privacy and security concerns

·         Increasing number of regulations and compliance

OPPORTUNITIES

·         Increasing demand for managed services among SMEs

·         Exponential growth in IP and cloud traffic

·         Growing demand for system integrators

·         Growing scope for exploring next-generation IT technology in BFSI and healthcare sectors

Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1769884

List of top companies in North America IT Services Market

 IBM (US)

Hewlett Packard Enterprise (US)

Accenture (Ireland)

Cisco (US)

Wipro (India)

HCL Technologies (India)

Cognizant (US), Infosys (US)

Rackspace (US), TCS (India)

Fujitsu (Japan)

Capgemini (France)

Ericsson (Sweden)

Huawei Technologies Co. Ltd. (US)

Nokia Networks (Finland)

Get Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1769884

As per vertical, healthcare segment to grow at highest CAGR during the forecast period

The vertical segment is further subsegmented into BFSI, IT and telecom, consumer goods and retail, healthcare, government and defense, media and entertainment, and other verticals. Other verticals include education, chemicals, travel and hospitality, and energy and utilities.

As per vertical, healthcare is expected to grow at the highest CAGR of 8.8% during the forecast period. Many healthcare professionals seek IT support services to preserve essential medical technology's functionality and enhance their company operations' efficacy. Healthcare IT services can help with these management practices and provide assurance in events where IT support services are needed. Healthcare IT services typically deal with pharmaceuticals, oncology drugs, specialty drugs, and other medical supplies and equipment for patients. Pharmacy management, biopharmaceutical resources, and services are part of the healthcare IT support system. In the US, IT services assist in meeting different compliance requirements mandated by the Healthcare Information Portability and Accountability Act (HIPAA) and security and application management challenges. IT services can also be useful for other medical operations, such as managing prescriptions and supplies, interacting with patients, and hosting HIPAA-compliant websites.

Sales and marketing, by business function, to grow at highest CAGR during forecast period

The sales and marketing subsegment is expected to grow from 76.5 billion in 2022 to USD 123.2 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. Marketers design and oversee marketing initiatives for businesses using IT tools and services. Businesses would gain from these initiatives by having a stronger online presence across a variety of platforms, including the web, company websites, social media, mobile, and email. The ability to improve the customer experience has been made feasible by the rising trend toward personalization and the increased use of the internet and mobile devices. Therefore, businesses choose to enhance the customer experience to address better and comprehend the continuously changing needs of the clients, but this requires the assistance of IT specialists. With IT services, businesses can efficiently design and maintain unique customer journeys and do better sales and marketing.

Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1769884

As per professional services, system integration segment to capture a large market share during forecast period

The professional services segment is further subsegmented into system integration, training and education, and consulting. The system integration market size is expected to grow from USD 217.1 billion in 2022 to USD 283.7 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period. As a practice, integration links diverse enterprise applications, systems, repositories, and IT environments for the real-time interchange of data and operations. System integration is the process of integrating all of a system's physical and virtual components within an organization. The physical components are made up of various machine systems, electronic devices, stock, and other physical components. The virtual components consist of data stored in apps, software, and databases. The process of integrating each of these components so that they work together as a single system is the main objective of system integration. The system integration further divides into application integration and infrastructure integration. Application development on a certain technology, platform, or framework, as well as the integration of a suite or solution, would all fall within the application integration sector, whereas the integration of all IT resources needed for a given system is referred to as infrastructure integration. System integration is diversified, with many small and large-scale firms as well as startups. These firms consistently concentrate on establishing long-term alliances with suppliers of infrastructure, components, and equipment, such as Cisco, IBM, TCS, and HPE. System integration is anticipated to grow as organizations concentrate more attention on streamlining operations and integrating them onto a single platform. Further, rapid digitization and centralization are boosting market growth.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

The Embedded AI Landscape: Unveiling Projects & Applications for a Thriving Market

 According to a research report  " Embedded AI Market  by Offering (Hardware, Software, Services), Data Type (Numerical Data, Categorical Data, Image & Video Data), Vertical (Automotive, Manufacturing, Healthcare & Life Sciences, Telecom), and Region - Global Forecast to 2028"  published by MarketsandMarkets, the Embedded AI market is projected to grow from USD 9.4 billion in 2023 to USD 18.0 billion by 2028 at a compound annual growth rate (CAGR) of 14.0% during the forecast period. The Embedded AI market is expected to grow significantly during the forecast period, owing to various business drivers like growing demand for intelligent and autonomous systems for a personalized experience and increasing advancements in AI and ML technologies for better and smart decisions. Furthermore, the proliferation of connected devices and IoT ecosystem for effective communications and the rising usage of Embedded AI for industry-specific applications drive market growth....
Read more

The Expanding Landscape of Middle East Cybersecurity: Drivers, Trends, and Key Players and forecast 2023 to 2028

 According to a research report  " Middle East Cybersecurity Industry  by Offering (Solutions and Services), Solution Type, Security Type, Deployment Mode (On-Premises, Cloud, Hybrid), Organization Size (Large Enterprises, SME), Vertical and Region - Global Forecast to 2028"  published by MarketsandMarkets, the Middle East cybersecurity market size is projected to grow from USD 14.8 billion in 2023 to USD 24.1 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. The expansion of the Middle East cybersecurity market is propelled by the surge in digital transformation initiatives, driving widespread adoption of cloud technology. Regulatory efforts to counter the evolving threat environment further bolster this growth, emphasizing the critical role of cybersecurity. The Kingdom of Saudi Arabia's Vision 2030 is also a key driver, shaping the region's cybersecurity market dynamics. As the KSA charts a comprehensive vision, it fuels ...
Read more

The Evolution of AI Image Generators: From Early Concepts to Cutting-Edge Solutions

 The amazing fusion of artificial intelligence with computer graphics, known as AI image generators , has completely changed how humans produce and consume visual material. These advanced algorithms may produce images that are identical to works of art created by humans, creating new opportunities in a variety of industries, including science, advertising, and design as well as art and design. This article explores the intriguing development of AI picture generators, following their progression from initial ideas to the state-of-the-art systems available today. Early Concepts and Pioneers The history of Artificial Intelligence and computer graphics can be found in the early stages of AI picture production. The fundamental ideas behind robots' ability to learn and interpret information, including visual input, were established by pioneers like Alan Turing and Marvin Minsky. Despite the limited computing capacity of early computers, scientists experimented with basic algorithms t...
Read more