Europe It Services Outsourcing Market Size & Outlook
Europe it services outsourcing market, 2016-2028 (US$M)
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Europe it services outsourcing market highlights
- The Europe it services outsourcing market generated a revenue of USD 167,899.2 million in 2021.
- The market is expected to grow at a CAGR of 7.1% from 2022 to 2028.
- In terms of segment, application services was the largest revenue generating service in 2021.
- Emerging technology services is the most lucrative service segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2022 to 2028.
Europe data book summary
| Market revenue in 2021 | USD 167,899.2 million |
| Market revenue in 2028 | USD 271,376.8 million |
| Growth rate | 7.1% (CAGR from 2021 to 2028) |
| Largest segment | Application services |
| Fastest growing segment | Emerging technology services |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Application services, Emerging technology services, Data center operations, Helpdesk services, Infrastructure capacity services, Managed security operations, Network operations |
| Key market players worldwide | Accenture PLC Class A, International Business Machines Corp, Fujitsu Ltd, Hewlett Packard Enterprise Co, SAP SE ADR, Capgemini SE, Cognizant Technology Solutions Corp Class A, Infosys Ltd ADR, NTT Data Group Corp, Oracle Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.6% of the global it services outsourcing market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 292,162.2 million by 2028.
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IT Services Outsourcing Market Scope
IT Services Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe it services outsourcing market outlook
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 outsourcing market will help companies and investors design strategic landscapes.
Application services was the largest segment with a revenue share of 20.18% in 2021. Horizon Databook has segmented the Europe it services outsourcing market based on application services, emerging technology services, data center operations, helpdesk services, infrastructure capacity services, managed security operations, network operations covering the revenue growth of each sub-segment from 2016 to 2028.
- Europe IT Services Outsourcing Service Outlook (Revenue, USD Million, 2016-2028)
- Application services
- Emerging technology services
- Data center operations
- Helpdesk services
- Infrastructure capacity services
- Managed security operations
- Network operations
- Others
- Europe IT Services Outsourcing Location Outlook (Revenue, USD Million, 2016-2028)
- On-shore
- Off-shore
- Europe IT Services Outsourcing End Use Outlook (Revenue, USD Million, 2016-2028)
- Aerospace & Defense
- BFSI
- Healthcare
- Retail & e-commerce
- Telecom & media
- Others
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Our clientele includes a mix of it services outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe it services outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into Europe it services outsourcing market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Europe it services outsourcing market size, by country, 2016-2028 (US$M)
Europe IT Services Outsourcing Market Outlook Share, 2021 & 2028 (US$M)
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