It Services Market - Opportunities and Forecast, 2016 - 2020


Technavio Announces the Publication of its Research Report – Global Information Technology (IT) Services Market 2016-2020

Technavio recognizes the following companies as the key players in the global information technology (IT) services market: Accenture, CSC, HP, Fujitsu, and IBM.

Other Prominent Vendors in the market are: Alcatel-Lucent, AWS, Atos, Capgemini, Cisco Systems, Dell, Deloitte, Ericsson, EY, HCL Technologies, Hitachi, Infosys, KPMG, Microsoft, NTT Data, Oracle, PwC, Siemens, and TCS.

Commenting on the report, an analyst from Technavio’s team said: “One trend spurring growth is the emergence of cloud computing services. The introduction of cloud computing has enhanced and simplified IT management and maintenance capabilities. It provides a central administration and control for all resources, SLA-backed agreements, and vendor managed infrastructure. Cloud computing eliminates the need for users to update and maintain IT infrastructure. All services and maintenance are taken care by the service provider. The user need not install any additional software for accessing applications and services. SLA ensures reliable delivery, management, and maintenance of IT services.”

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According to the report, the rising demand for military satellites will drive the prospects for market According to the report, the need to focus on core competencies and improve efficiency will lead to the growth of this market. Firms implement IT services, such as managed services and ITO services, to focus on their core business process and outsource IT functions to improve operational efficiencies. Companies outsource IT-related requirements, such as application and infrastructure management to ITO service provider. This supports companies to achieve their vision and mission by putting their resources and people skills into their core business....