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IT Outsourcing: Global Strategic Business Report

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    Report

  • 297 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5027960

Global IT Outsourcing Market to Reach $633.6 Million by 2027


In the changed post COVID-19 business landscape, the global market for IT Outsourcing estimated at US$491.4 Million in the year 2020, is projected to reach a revised size of US$633.6 Million by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027. Government, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$214.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the BFSI segment is readjusted to a revised 4.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $134.8 Million, While China is Forecast to Grow at 6.2% CAGR


The IT Outsourcing market in the U.S. is estimated at US$134.8 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$123 Million by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$80.9 Million by the year 2027.

Telecom Segment to Record 3.3% CAGR


In the global Telecom segment, USA, Canada, Japan, China and Europe will drive the 3.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$55.8 Million in the year 2020 will reach a projected size of US$69.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3.5% CAGR through the analysis period.

Select Competitors (Total 248 Featured) -
  • 2r Solution
  • 3 Peaks Inc
  • 360 Network Services
  • 365 iT SOLUTIONS
  • ACT-SYSTEMS
  • AdventSys Technologies Private Limited
  • AdviseTech
  • AgileTech Vietnam
  • Agiliway
  • AIM - Corporate Solutions, Inc.

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • IT Outsourcing - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for IT Outsourcing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for IT Outsourcing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for IT Outsourcing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Government by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Telecom by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Energy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Energy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Energy by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 25: World IT Outsourcing Market Analysis of Annual Sales in US$ Thousand for Years 2012 through 2027
III. MARKET ANALYSIS
UNITED STATES
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Table 26: USA Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 27: USA Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 28: USA 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
CANADA
  • Table 29: Canada Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 30: Canada Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 31: Canada 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
JAPAN
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Table 32: Japan Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 33: Japan Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 34: Japan 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
CHINA
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Table 35: China Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 36: China Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 37: China 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
EUROPE
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Table 38: Europe Recent Past, Current & Future Analysis for IT Outsourcing by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 39: Europe Historic Review for IT Outsourcing by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 40: Europe 15-Year Perspective for IT Outsourcing by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2021 & 2027
  • Table 41: Europe Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 42: Europe Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 43: Europe 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
FRANCE
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
  • Table 44: France Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 45: France Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 46: France 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
GERMANY
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Table 47: Germany Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 48: Germany Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 49: Germany 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
ITALY
  • Table 50: Italy Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 51: Italy Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 52: Italy 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
UNITED KINGDOM
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Table 53: UK Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 54: UK Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 55: UK 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
SPAIN
  • Table 56: Spain Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 57: Spain Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 58: Spain 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
RUSSIA
  • Table 59: Russia Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 60: Russia Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 61: Russia 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
REST OF EUROPE
  • Table 62: Rest of Europe Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 63: Rest of Europe Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 64: Rest of Europe 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
ASIA-PACIFIC
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Table 65: Asia-Pacific Recent Past, Current & Future Analysis for IT Outsourcing by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 66: Asia-Pacific Historic Review for IT Outsourcing by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 67: Asia-Pacific 15-Year Perspective for IT Outsourcing by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2021 & 2027
  • Table 68: Asia-Pacific Recent Past, Current & Future Analysis for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 69: Asia-Pacific Historic Review for IT Outsourcing by End-Use - Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 70: Asia-Pacific 15-Year Perspective for IT Outsourcing by End-Use - Percentage Breakdown of Value Sales for Government, BFSI, Telecom, Healthcare, Manufacturing, Energy and Other End-Uses for the Years 2012, 2021 & 2027
AUSTRALIA
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • IT Outsourcing Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 2r Solution
  • 3 Peaks Inc
  • 360 Network Services
  • 365 iT SOLUTIONS
  • ACT-SYSTEMS
  • AdventSys Technologies Private Limited
  • AdviseTech
  • AgileTech Vietnam
  • Agiliway
  • AIM - Corporate Solutions, Inc.