Global Telecom IT Services Market to Reach $2 Trillion by 2030
The global market for Telecom IT Services estimated at US$380.2 Billion in the year 2022, is projected to reach a revised size of US$2 Trillion by 2030, growing at a CAGR of 23.1% over the analysis period 2022-2030. CRM, one of the segments analyzed in the report, is projected to record 25.6% CAGR and reach US$631.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Mobile Commerce segment is readjusted to a revised 23.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $99.1 Billion, While China is Forecast to Grow at 29.1% CAGR
The Telecom IT Services market in the U.S. is estimated at US$99.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$561.7 Billion by the year 2030 trailing a CAGR of 29.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.5% and 20.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 19.3% CAGR.Select Competitors (Total 11 Featured) -
- Accenture PLC
- Alcatel-Lucent SA
- Amdocs, Inc.
- Capgemini SE
- Cognizant Technology Solutions Corporation
- Ericsson AB
- Hewlett-Packard Development Company LP
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Oracle Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- 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 SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accenture PLC
- Alcatel-Lucent SA
- Amdocs, Inc.
- Capgemini SE
- Cognizant Technology Solutions Corporation
- Ericsson AB
- Hewlett-Packard Development Company LP
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Oracle Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 179 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 380.2 Billion |
Forecasted Market Value ( USD | $ 2000 Billion |
Compound Annual Growth Rate | 23.1% |
Regions Covered | Global |