The global IT outsourcing market size is expected to reach $873.8 Billion by 2028 growing at the CAGR of 8.16% from 2021 to 2028. This growth is attributed to several macro and micro economic factors such as
- Increase in demand for IT service are the driving factor for IT outsourcing market.
- Driver 2
Further several factors restraining the market growth include
- Restraining 1
- Restraining 2
Collaborations and Alliances in the IT outsourcing market is expected to generate higher avenues during the forecast period.
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the IT outsourcing market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.
 In terms of COVID 19 impact, the IT outsourcing market report also includes following data points:
- Impact on IT outsourcing market size
- End User Trend, Preferences and Budget Impact
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in IT outsourcing market
Key Insight in the report:
The global IT outsourcing market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which include following data points:
- Business Overview
- Business Segment Data
- Financial Data
- Services Segment Analysis and Specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
The report covers market sizing and forecasting at the country level as well as at the segment level. IT outsourcing market is analyzed across below-mentioned different segments:
- Services Type
- End Users/Software Development
- Web Development
- End Users Support and Management
- Technical Support/Help Desk
- Database Development and Management
- Others
- End Users
- Government
- BFSI
- Telecom
- Others
IT outsourcing market is also analyzed across below-mentioned regions/countries:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East & Africa
 some of the key players in IT outsourcing market include:
- Tata Consultancy Services Limited
- IBM Corporations
- APC by Schneider Electric
- Cisco Systems, Inc.
- CA Technologies
- Hewlett-Packard Co.
- BMC Software
- Dell Inc.
- NetScouts Systems Inc.
- Tata Consultancy Services Limited
REPORT CONTENT BRIEF:
- High level analysis of the current and future market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- IT outsourcing market estimates for 2020 and forecast from 2021 to 2028
- Vendor market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.
Target Audience
- Manufacturers
- Suppliers and traders
- Government, associations, and industrial bodies
- Investors and trade experts
- Consulting Firms or Individual Consultant
- Anyone interested in understanding industry dynamic of IT outsourcing market
Frequently Asked Questions (FAQ)
IT outsourcing Market size ?
The global IT outsourcing market size is estimated at USD 617.69 billion in 2024, and it is expected to reach USD 806.53 billion by 2029, growing at a CAGR of 5.48%. Another source states that the global IT outsourcing market size was valued at USD 565.2 billion in 2022 and is projected to grow at a CAGR of 9.3% to reach USD 1416.3 billion by 2031. Additionally, the global IT services outsourcing market size was valued at USD 639.59 billion in 2022 and is expected to grow at a CAGR of 8.0% from 2023 to 2030. Furthermore, the global IT services outsourcing market size was estimated at USD 525 billion in 2022 and is expected to reach around USD 1,149.24 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.2% during the forecast period 2023 to 203
What are IT outsourcing products ?
IT outsourcing products refer to the various services and solutions offered by IT outsourcing companies to help businesses optimize their IT operations, launch new projects, and manage IT initiatives. Some of the key IT outsourcing products include:
- Application development and maintenance
- Infrastructure and software support and maintenance
- Data center management
- Technical support
- Database development and management
- Telecommunications
- IT infrastructure
- Web development
- Custom software development
- Outsourced product development
These products and services are aimed at helping businesses optimize their IT operations, reduce costs, and improve efficiency. IT outsourcing companies offer a wide range of solutions to meet the specific needs of their clients, and they are committed to innovation, efficiency, and sustainability.
Wholesale IT outsourcing ?
Wholesale IT outsourcing services are not typically offered as a standalone product, but rather as a service provided by IT outsourcing companies. These services include application development, infrastructure and software support, data center management, and other IT-related processes. Some of the leading IT outsourcing companies include:
- ScienceSoft
- Accenture
- TCS
- CapGemini
- Infosys
- NTT
- ELEKS
- SaWorx
- Phosa Technologies
- 56Bit
- CTIC
- Maven Infotech
- SeWorx
- LeverX
- CTIC
- Maven Infotech
- SeWorx
These companies offer a wide range of IT outsourcing services to help businesses optimize their IT operations, launch new projects, and manage IT initiatives
IT outsourcing companies ?
Some of the leading IT outsourcing companies include:
- Aloa
- TrinityWired
- IBM
- Infosys
- Wipro Technologies
- Belitsoft
- ScienceSoft
- Accenture
- NTT
- Cognizant
- TCS
- CapGemini
- HCLTech
- DXC Technology
- Genpact
- CSC (DXC Technology)
- Mphasis
- Tech Mahindra
- HPE (Hewlett Packard Enterprise)
- Atos
- CSC (Computer Sciences Corporation)
- WNS Global Services
- L&T Technology Services
- Mindtree
- Zensar Technologies
- HCL Technologies
- Cognizant Technology Solutions
- Mastek
- Persistent Systems
- LTI (Larsen & Toubro Infotech)
- ITC Infotech
- NIIT Technologies
- Wavemaker Global
- L&T Infotech
- Mphasis
- GlobalLogic
- Mindlabs
- Virtusa
- Syntel
- Hexaware Technologies
- Coforge
- Cyient
- Tech Mahindra
- Happiest Minds
- LTI (Larsen & Toubro Infotech)
- Persistent Systems
- L&T Technology Services
- Mastek
- Zensar Technologies
- HCL Technologies
These companies offer a wide range of IT outsourcing services, including application development, infrastructure and software support, data center management, and other IT-related processes