IT Outsourcing Managed Service Market SWOT Analysis by 2031
IT outsourcing is the process of contracting out the management and maintenance of the company's technology systems and service to other companies. IT outsourcing and managed service provide advantages such as reduced risk, expert support, and cost optimization. The growing focus of the financial institutions towards outsourcing the IT operations is expected to drive the growth of IT outsourcing managed service market.
MARKET DYNAMICS
The growing focus of the companies towards reducing the operational costs and improving the IT operations is expected to drive the growth of IT outsourcing managed service market. However, data security concerns is the major factor that might slow down the growth of the market in the current market scenario. The IT outsourcing managed service is dominated by some of the prominent players such as IBM Corporation, SAP SE, and Accenture among others.
MARKET SCOPE
The "Global IT Outsourcing Managed Service Market Analysis to 2031" is a specialized and in-depth study of the IT outsourcing managed service industry with a special focus on the global market trend analysis. The report aims to provide an overview of IT outsourcing managed service market with detailed market segmentation by type, end-user and geography. The global IT outsourcing managed service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IT outsourcing managed service market players and offers key trends and opportunities in the IT outsourcing managed service market.
MARKET SEGMENTATION
The global IT outsourcing managed service market is segmented on the basis of type and end-user. Based on type, the market is segmented into IT consulting, equipment and software, network system, and others. On the basis of end-user the market is segmented as government, BFSI, IT and Telecom, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IT outsourcing managed service market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The IT outsourcing managed service market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting IT outsourcing managed service market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the IT outsourcing managed service market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IT outsourcing managed service market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The IT outsourcing managed service market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting IT outsourcing managed service market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the IT outsourcing managed service market in these regions.
MARKET PLAYERS
The reports cover key developments in the IT outsourcing managed service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from IT outsourcing managed service market are anticipated to lucrative growth opportunities in the future with the rising demand for IT outsourcing managed service in the global market. Below mentioned is the list of few companies engaged in the IT outsourcing managed service market.
The report also includes the profiles of key IT outsourcing managed service companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Accenture PLC
- CGI Inc.
- Cognizant
- DXC Technology Company
- HCL Technologies Limited
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- NTT DATA
- SAP SE
- Wipro Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 IT Outsourcing Managed Service Market - By Type
1.3.2 IT Outsourcing Managed Service Market - By End-User
1.3.3 IT Outsourcing Managed Service Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. IT OUTSOURCING MANAGED SERVICE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. IT OUTSOURCING MANAGED SERVICE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. IT OUTSOURCING MANAGED SERVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. IT OUTSOURCING MANAGED SERVICE - GLOBAL MARKET OVERVIEW
6.2. IT OUTSOURCING MANAGED SERVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. IT OUTSOURCING MANAGED SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. IT CONSULTING
7.3.1. Overview
7.3.2. IT Consulting Market Forecast and Analysis
7.4. EQUIPMENT AND SOFTWARE
7.4.1. Overview
7.4.2. Equipment and Software Market Forecast and Analysis
7.5. NETWORK SYSTEM
7.5.1. Overview
7.5.2. Network System Market Forecast and Analysis
7.6. OTHER
7.6.1. Overview
7.6.2. Other Market Forecast and Analysis
8. IT OUTSOURCING MANAGED SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. GOVERNMENT
8.3.1. Overview
8.3.2. Government Market Forecast and Analysis
8.4. BFSI
8.4.1. Overview
8.4.2. BFSI Market Forecast and Analysis
8.5. IT AND TELECOM
8.5.1. Overview
8.5.2. IT and Telecom Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. IT OUTSOURCING MANAGED SERVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America IT Outsourcing Managed Service Market Overview
9.1.2 North America IT Outsourcing Managed Service Market Forecasts and Analysis
9.1.3 North America IT Outsourcing Managed Service Market Forecasts and Analysis - By Type
9.1.4 North America IT Outsourcing Managed Service Market Forecasts and Analysis - By End-User
9.1.5 North America IT Outsourcing Managed Service Market Forecasts and Analysis - By Countries
9.1.5.1 United States IT Outsourcing Managed Service Market
9.1.5.1.1 United States IT Outsourcing Managed Service Market by Type
9.1.5.1.2 United States IT Outsourcing Managed Service Market by End-User
9.1.5.2 Canada IT Outsourcing Managed Service Market
9.1.5.2.1 Canada IT Outsourcing Managed Service Market by Type
9.1.5.2.2 Canada IT Outsourcing Managed Service Market by End-User
9.1.5.3 Mexico IT Outsourcing Managed Service Market
9.1.5.3.1 Mexico IT Outsourcing Managed Service Market by Type
9.1.5.3.2 Mexico IT Outsourcing Managed Service Market by End-User
9.2. EUROPE
9.2.1 Europe IT Outsourcing Managed Service Market Overview
9.2.2 Europe IT Outsourcing Managed Service Market Forecasts and Analysis
9.2.3 Europe IT Outsourcing Managed Service Market Forecasts and Analysis - By Type
9.2.4 Europe IT Outsourcing Managed Service Market Forecasts and Analysis - By End-User
9.2.5 Europe IT Outsourcing Managed Service Market Forecasts and Analysis - By Countries
9.2.5.1 Germany IT Outsourcing Managed Service Market
9.2.5.1.1 Germany IT Outsourcing Managed Service Market by Type
9.2.5.1.2 Germany IT Outsourcing Managed Service Market by End-User
9.2.5.2 France IT Outsourcing Managed Service Market
9.2.5.2.1 France IT Outsourcing Managed Service Market by Type
9.2.5.2.2 France IT Outsourcing Managed Service Market by End-User
9.2.5.3 Italy IT Outsourcing Managed Service Market
9.2.5.3.1 Italy IT Outsourcing Managed Service Market by Type
9.2.5.3.2 Italy IT Outsourcing Managed Service Market by End-User
9.2.5.4 United Kingdom IT Outsourcing Managed Service Market
9.2.5.4.1 United Kingdom IT Outsourcing Managed Service Market by Type
9.2.5.4.2 United Kingdom IT Outsourcing Managed Service Market by End-User
9.2.5.5 Russia IT Outsourcing Managed Service Market
9.2.5.5.1 Russia IT Outsourcing Managed Service Market by Type
9.2.5.5.2 Russia IT Outsourcing Managed Service Market by End-User
9.2.5.6 Rest of Europe IT Outsourcing Managed Service Market
9.2.5.6.1 Rest of Europe IT Outsourcing Managed Service Market by Type
9.2.5.6.2 Rest of Europe IT Outsourcing Managed Service Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific IT Outsourcing Managed Service Market Overview
9.3.2 Asia-Pacific IT Outsourcing Managed Service Market Forecasts and Analysis
9.3.3 Asia-Pacific IT Outsourcing Managed Service Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific IT Outsourcing Managed Service Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific IT Outsourcing Managed Service Market Forecasts and Analysis - By Countries
9.3.5.1 Australia IT Outsourcing Managed Service Market
9.3.5.1.1 Australia IT Outsourcing Managed Service Market by Type
9.3.5.1.2 Australia IT Outsourcing Managed Service Market by End-User
9.3.5.2 China IT Outsourcing Managed Service Market
9.3.5.2.1 China IT Outsourcing Managed Service Market by Type
9.3.5.2.2 China IT Outsourcing Managed Service Market by End-User
9.3.5.3 India IT Outsourcing Managed Service Market
9.3.5.3.1 India IT Outsourcing Managed Service Market by Type
9.3.5.3.2 India IT Outsourcing Managed Service Market by End-User
9.3.5.4 Japan IT Outsourcing Managed Service Market
9.3.5.4.1 Japan IT Outsourcing Managed Service Market by Type
9.3.5.4.2 Japan IT Outsourcing Managed Service Market by End-User
9.3.5.5 South Korea IT Outsourcing Managed Service Market
9.3.5.5.1 South Korea IT Outsourcing Managed Service Market by Type
9.3.5.5.2 South Korea IT Outsourcing Managed Service Market by End-User
9.3.5.6 Rest of Asia-Pacific IT Outsourcing Managed Service Market
9.3.5.6.1 Rest of Asia-Pacific IT Outsourcing Managed Service Market by Type
9.3.5.6.2 Rest of Asia-Pacific IT Outsourcing Managed Service Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa IT Outsourcing Managed Service Market Overview
9.4.2 Middle East and Africa IT Outsourcing Managed Service Market Forecasts and Analysis
9.4.3 Middle East and Africa IT Outsourcing Managed Service Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa IT Outsourcing Managed Service Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa IT Outsourcing Managed Service Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa IT Outsourcing Managed Service Market
9.4.5.1.1 South Africa IT Outsourcing Managed Service Market by Type
9.4.5.1.2 South Africa IT Outsourcing Managed Service Market by End-User
9.4.5.2 Saudi Arabia IT Outsourcing Managed Service Market
9.4.5.2.1 Saudi Arabia IT Outsourcing Managed Service Market by Type
9.4.5.2.2 Saudi Arabia IT Outsourcing Managed Service Market by End-User
9.4.5.3 U.A.E IT Outsourcing Managed Service Market
9.4.5.3.1 U.A.E IT Outsourcing Managed Service Market by Type
9.4.5.3.2 U.A.E IT Outsourcing Managed Service Market by End-User
9.4.5.4 Rest of Middle East and Africa IT Outsourcing Managed Service Market
9.4.5.4.1 Rest of Middle East and Africa IT Outsourcing Managed Service Market by Type
9.4.5.4.2 Rest of Middle East and Africa IT Outsourcing Managed Service Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America IT Outsourcing Managed Service Market Overview
9.5.2 South and Central America IT Outsourcing Managed Service Market Forecasts and Analysis
9.5.3 South and Central America IT Outsourcing Managed Service Market Forecasts and Analysis - By Type
9.5.4 South and Central America IT Outsourcing Managed Service Market Forecasts and Analysis - By End-User
9.5.5 South and Central America IT Outsourcing Managed Service Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil IT Outsourcing Managed Service Market
9.5.5.1.1 Brazil IT Outsourcing Managed Service Market by Type
9.5.5.1.2 Brazil IT Outsourcing Managed Service Market by End-User
9.5.5.2 Argentina IT Outsourcing Managed Service Market
9.5.5.2.1 Argentina IT Outsourcing Managed Service Market by Type
9.5.5.2.2 Argentina IT Outsourcing Managed Service Market by End-User
9.5.5.3 Rest of South and Central America IT Outsourcing Managed Service Market
9.5.5.3.1 Rest of South and Central America IT Outsourcing Managed Service Market by Type
9.5.5.3.2 Rest of South and Central America IT Outsourcing Managed Service Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. IT OUTSOURCING MANAGED SERVICE MARKET, KEY COMPANY PROFILES
11.1. ACCENTURE PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CGI INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COGNIZANT
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DXC TECHNOLOGY COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HCL TECHNOLOGIES LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. IBM CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NTT DATA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAP SE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WIPRO LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Accenture PLC2. CGI Inc.3. Cognizant4. DXC Technology Company5. HCL Technologies Limited6. Hewlett Packard Enterprise Development LP7. IBM Corporation8. NTT DATA9. SAP SE10. Wipro Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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