Market revenue in 2023 | USD 1,357,362.1 million |
Market revenue in 2030 | USD 2,591,070.2 million |
Growth rate | 9.7% (CAGR from 2023 to 2030) |
Largest segment | Reactive it services |
Fastest growing segment | Proactive IT Services |
Historical data covered | 2017 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Reactive IT Services, Proactive IT Services |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to it services market will help companies and investors design strategic landscapes.
reactive it services was the largest segment with a revenue share of 55.25% in 2023. Horizon Databook has segmented the Global it services market based on reactive it services, proactive it services covering the revenue growth of each sub-segment from 2017 to 2030.
Cloud-based services offer expedited turnaround times (TAT), prompting businesses worldwide to adopt them for their cost-effective approach to IT expenditure. With governments making substantial investments in the IT industry, the demand for IT support services has soared. One key reason for the widespread popularity of cloud services is their superior data security compared to on-site servers.
Cloud storage ensures data integrity and remains impervious to physical threats like theft or building damage. Numerous corporate enterprises have expressed positive experiences with cloud computing's security as it reduces human mistakes. Additionally, cloud computing safeguards the private data of multiple companies.
In today's competitive landscape, companies seek efficient ways to enhance productivity, efficiency, and overall performance, and cloud technology serves as a flexible solution for expansion. The advent of the public cloud has significantly revolutionized businesses & IT strategies with many firms embracing the as-a-service model for cloud software and infrastructure.
Horizon Databook provides a detailed overview of global-level data and insights on the Global it services market , including forecasts for subscribers. This global databook contains high-level insights into Global it services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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