North America IT Services Market: By Service Model (Telecom service, Professional service, Managed service), By Deployment Type (On-Premises, Cloud), By Vertical (Banking, Financial Services, and Insurance (BFSI), Telecommunications, IT and ITeS, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others) And Region –Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031
North America IT Services Market: By Service Model (Telecom service, Professional service, Managed service), By Deployment Type (On-Premises, Cloud), By Vertical (Banking, Financial Services, and Insurance (BFSI), Telecommunications, IT and ITeS, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others) And Region –Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031
PRODUCT OVERVIEW
IT services are the use of business and technical knowledge to assist companies in producing, managing, and optimizing information and business processes. Based on the competencies necessary to supply services such as planning, construction, and execution, the market for IT services can be classified into three categories. Among the various types of services accessible are infrastructure services, business process services, and application services. Because of increased advancements and strong digitalization that benefits all verticals, including clients, the IT Services market is booming, especially in North America.
MARKET HIGHLIGHTS
North America IT Services Market is expected to register substantial growth with a CAGR of 7.8% by 2031
North America IT Services Market to surpass USD 965.5 billion by 2031 from USD 457.6 billion in 2021 at a CAGR of 7.8% in the coming years, i.e., 2021-2031. The North American IT Services market is influenced by factors such as the rising trend of big data and analytics, the growing interest of small and medium-sized organizations in adopting IT services, and increased IT expenditure. As a result of the massive expansion in digital data, businesses have migrated to cloud services, hastening the adoption of IT services.
NORTH AMERICA IT SERVICES MARKET: SEGMENTS
Managed Services segment is expected to lead the market with the highest CAGR during 2021-31
On the basis of Service Model, the North America IT Services Market is divided into Telecom service, Professional service, and Managed service. Professional Services help businesses improve infrastructure flexibility and scalability while offering outstanding service in response to the unique needs of their customers. Firms are increasingly outsourcing their operational, day-to-day IT infrastructure services to 3rd-party suppliers in order to focus on their core business activities. As a result of this problem, demand for managed services is expected to rise.
On-Premises segment is projected to witness maximum growth during 2021-31
Based on Deployment Model, the North America IT Services market is segmented into On-Premises, Cloud. The implementation of managed services on-premises is time- and capital-intensive, but it ensures greater privacy and data integrity. To keep managed services working well, it also demands the assistance of professionals. Cloud-based managed services, conversely, are becoming increasingly popular due to their scalability, reliability, and flexibility. The cloud requires less hardware than on-premises implementation and can be easily extended to match organizational demands. Cloud-based services are cost-effective and provide the most up-to-date technology, communication, and software capabilities.
MARKET DYNAMICS
Drivers
Growing enterprises’ shift towards adoption of digital transformation is boosting the market
Rising awareness of cloud technology and its benefits
Restraint
Increasing need to meet the regulatory and compliance needs
NORTH AMERICA IT SERVICES MARKET:
Key Players
North America IT Services Market Segments:
PRODUCT OVERVIEW
IT services are the use of business and technical knowledge to assist companies in producing, managing, and optimizing information and business processes. Based on the competencies necessary to supply services such as planning, construction, and execution, the market for IT services can be classified into three categories. Among the various types of services accessible are infrastructure services, business process services, and application services. Because of increased advancements and strong digitalization that benefits all verticals, including clients, the IT Services market is booming, especially in North America.
MARKET HIGHLIGHTS
North America IT Services Market is expected to register substantial growth with a CAGR of 7.8% by 2031
North America IT Services Market to surpass USD 965.5 billion by 2031 from USD 457.6 billion in 2021 at a CAGR of 7.8% in the coming years, i.e., 2021-2031. The North American IT Services market is influenced by factors such as the rising trend of big data and analytics, the growing interest of small and medium-sized organizations in adopting IT services, and increased IT expenditure. As a result of the massive expansion in digital data, businesses have migrated to cloud services, hastening the adoption of IT services.
NORTH AMERICA IT SERVICES MARKET: SEGMENTS
Managed Services segment is expected to lead the market with the highest CAGR during 2021-31
On the basis of Service Model, the North America IT Services Market is divided into Telecom service, Professional service, and Managed service. Professional Services help businesses improve infrastructure flexibility and scalability while offering outstanding service in response to the unique needs of their customers. Firms are increasingly outsourcing their operational, day-to-day IT infrastructure services to 3rd-party suppliers in order to focus on their core business activities. As a result of this problem, demand for managed services is expected to rise.
On-Premises segment is projected to witness maximum growth during 2021-31
Based on Deployment Model, the North America IT Services market is segmented into On-Premises, Cloud. The implementation of managed services on-premises is time- and capital-intensive, but it ensures greater privacy and data integrity. To keep managed services working well, it also demands the assistance of professionals. Cloud-based managed services, conversely, are becoming increasingly popular due to their scalability, reliability, and flexibility. The cloud requires less hardware than on-premises implementation and can be easily extended to match organizational demands. Cloud-based services are cost-effective and provide the most up-to-date technology, communication, and software capabilities.
MARKET DYNAMICS
Drivers
Growing enterprises’ shift towards adoption of digital transformation is boosting the market
Rising awareness of cloud technology and its benefits
Restraint
Increasing need to meet the regulatory and compliance needs
NORTH AMERICA IT SERVICES MARKET:
Key Players
- IBM
- Hewlett Packard Enterprise
- Accenture
- Cognizant
- HCL Technologies
- Wipro
- Infosys
- Rackspace
- CISCO
- Others prominent players
North America IT Services Market Segments:
- By Service Model
- Telecom service
- Professional service
- Managed service
- By Deployment Type
- On-Premises
- Cloud
- By Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Telecommunications
- IT and ITeS
- Government and Public Sector
- Retail and Consumer Goods
- Manufacturing
- Energy and Utilities
- Media and Entertainment
- Healthcare and Life Sciences
- Others
- North America IT Services Market Dynamics
- North America IT Services Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
Executive Summary
2 NORTH AMERICA IT SERVICES MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3 RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4 AVERAGE PRICING ANALYSIS
5 MACRO-ECONOMIC INDICATORS
6 MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7 CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8 RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9 RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10 NORTH AMERICA IT SERVICES MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11 NORTH AMERICA IT SERVICES MARKET
11.1. Market Size & forecast, 2020A-2031F
11.1.1. By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
11.1.2. By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12 NORTH AMERICA IT SERVICES MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2. By Service Model: Market Share (2020-2031F)
12.2.1. Telecom service, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.2. Professional service, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.3. Managed service, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3. By Deployment Type: Market Share (2020-2031F)
12.3.1. On-Premises, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.2. Cloud, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4. By Vertical: Market Share (2020-2031F)
12.4.1. Banking, Financial Services, and Insurance (BFSI), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.2. Telecommunications, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.3. IT and ITeS, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.4. Government and Public Sector, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.5. Retail and Consumer Goods, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.6. Manufacturing, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.7. Energy and Utilities, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.8. Media and Entertainment, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.9. Healthcare and Life Sciences, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.10. Others, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
13 COMPANY PROFILE
13.1. IBM
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Hewlett Packard Enterprise
13.3. Accenture
13.4. Cognizant
13.5. HCL Technologies
13.6. Wipro
13.7. Infosys
13.8. Rackspace
13.9. CISCO
13.10. Other Prominent Players
14 CONSULTANT RECOMMENDATION
The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2 NORTH AMERICA IT SERVICES MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3 RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4 AVERAGE PRICING ANALYSIS
5 MACRO-ECONOMIC INDICATORS
6 MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7 CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8 RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9 RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10 NORTH AMERICA IT SERVICES MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11 NORTH AMERICA IT SERVICES MARKET
11.1. Market Size & forecast, 2020A-2031F
11.1.1. By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
11.1.2. By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12 NORTH AMERICA IT SERVICES MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2. By Service Model: Market Share (2020-2031F)
12.2.1. Telecom service, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.2. Professional service, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.3. Managed service, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3. By Deployment Type: Market Share (2020-2031F)
12.3.1. On-Premises, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.2. Cloud, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4. By Vertical: Market Share (2020-2031F)
12.4.1. Banking, Financial Services, and Insurance (BFSI), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.2. Telecommunications, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.3. IT and ITeS, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.4. Government and Public Sector, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.5. Retail and Consumer Goods, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.6. Manufacturing, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.7. Energy and Utilities, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.8. Media and Entertainment, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.9. Healthcare and Life Sciences, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.10. Others, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
13 COMPANY PROFILE
13.1. IBM
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Hewlett Packard Enterprise
13.3. Accenture
13.4. Cognizant
13.5. HCL Technologies
13.6. Wipro
13.7. Infosys
13.8. Rackspace
13.9. CISCO
13.10. Other Prominent Players
14 CONSULTANT RECOMMENDATION
The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
