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IT Outsourcing Market 2024-2028

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    Report

  • 159 Pages
  • October 2024
  • Region: Global
  • TechNavio
  • ID: 5008946
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The IT outsourcing market is forecasted to grow by USD 129.4 million during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the IT outsourcing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need to optimize business processes, need to adhere to regulatory guidelines and ensure compliance, and rising popularity of SOA.

The IT outsourcing market is segmented as below:

By Service

  • Infrastructure outsourcing
  • Application outsourcing

By Geographical Landscape

  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the rise in integration of application outsourcing as one of the prime reasons driving the IT outsourcing market growth during the next few years. Also, growing digital transformation in organizations and growing shifts from the CapEx model to the OpEx model will lead to sizable demand in the market.

The report on the IT outsourcing market covers the following areas:

  • IT Outsourcing Market sizing
  • IT Outsourcing Market forecast
  • IT Outsourcing Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IT outsourcing market vendors that include Accenture PLC, Acora Ltd, Amdocs Ltd., Atos SE, Capgemini Services SAS, CGI Inc., Cognizant Technology Solutions Corp., Fujitsu Ltd., Genpact Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., ITC infotech India Ltd., Larsen and Toubro Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., Unisys Corp., Wipro Ltd., and Xerox Holdings Corp. Also, the IT outsourcing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Service
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global IT Outsourcing Market 2018 - 2022
Historic Market Size - Data Table on Global IT Outsourcing Market 2018 - 2022 ($ million)
4.2 Service segment analysis 2018 - 2022
Historic Market Size - Service Segment 2018 - 2022 ($ million)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Service
6.1 Market segments
Chart on Service - Market share 2023-2028 (%)
Data Table on Service - Market share 2023-2028 (%)
6.2 Comparison by Service
Chart on Comparison by Service
Data Table on Comparison by Service
6.3 Infrastructure outsourcing - Market size and forecast 2023-2028
Chart on Infrastructure outsourcing - Market size and forecast 2023-2028 ($ million)
Data Table on Infrastructure outsourcing - Market size and forecast 2023-2028 ($ million)
Chart on Infrastructure outsourcing - Year-over-year growth 2023-2028 (%)
Data Table on Infrastructure outsourcing - Year-over-year growth 2023-2028 (%)
6.4 Application outsourcing - Market size and forecast 2023-2028
Chart on Application outsourcing - Market size and forecast 2023-2028 ($ million)
Data Table on Application outsourcing - Market size and forecast 2023-2028 ($ million)
Chart on Application outsourcing - Year-over-year growth 2023-2028 (%)
Data Table on Application outsourcing - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Service
Market opportunity by Service ($ million)
Data Table on Market opportunity by Service ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.4 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.5 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.6 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
8.7 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.8 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.9 UK - Market size and forecast 2023-2028
Chart on UK - Market size and forecast 2023-2028 ($ million)
Data Table on UK - Market size and forecast 2023-2028 ($ million)
Chart on UK - Year-over-year growth 2023-2028 (%)
Data Table on UK - Year-over-year growth 2023-2028 (%)
8.10 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.11 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ million)
Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
8.12 Japan - Market size and forecast 2023-2028
Chart on Japan - Market size and forecast 2023-2028 ($ million)
Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Chart on Japan - Year-over-year growth 2023-2028 (%)
Data Table on Japan - Year-over-year growth 2023-2028 (%)
8.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Accenture PLC
Accenture PLC - Overview
Accenture PLC - Business segments
Accenture PLC - Key news
Accenture PLC - Key offerings
Accenture PLC - Segment focus
11.4 Capgemini Services SAS
Capgemini Services SAS - Overview
Capgemini Services SAS - Business segments
Capgemini Services SAS - Key news
Capgemini Services SAS - Key offerings
Capgemini Services SAS - Segment focus
11.5 Fujitsu Ltd.
Fujitsu Ltd. - Overview
Fujitsu Ltd. - Business segments
Fujitsu Ltd. - Key news
Fujitsu Ltd. - Key offerings
Fujitsu Ltd. - Segment focus
11.6 HCL Technologies Ltd.
HCL Technologies Ltd. - Overview
HCL Technologies Ltd. - Business segments
HCL Technologies Ltd. - Key news
HCL Technologies Ltd. - Key offerings
HCL Technologies Ltd. - Segment focus
11.7 Hewlett Packard Enterprise Co.
Hewlett Packard Enterprise Co. - Overview
Hewlett Packard Enterprise Co. - Business segments
Hewlett Packard Enterprise Co. - Key news
Hewlett Packard Enterprise Co. - Key offerings
Hewlett Packard Enterprise Co. - Segment focus
11.8 International Business Machines Corp.
International Business Machines Corp. - Overview
International Business Machines Corp. - Business segments
International Business Machines Corp. - Key news
International Business Machines Corp. - Key offerings
International Business Machines Corp. - Segment focus
11.9 Larsen and Toubro Ltd.
Larsen and Toubro Ltd. - Overview
Larsen and Toubro Ltd. - Business segments
Larsen and Toubro Ltd. - Key news
Larsen and Toubro Ltd. - Key offerings
Larsen and Toubro Ltd. - Segment focus
11.10 Tata Consultancy Services Ltd.
Tata Consultancy Services Ltd. - Overview
Tata Consultancy Services Ltd. - Business segments
Tata Consultancy Services Ltd. - Key news
Tata Consultancy Services Ltd. - Key offerings
Tata Consultancy Services Ltd. - Segment focus
11.11 Tech Mahindra Ltd.
Tech Mahindra Ltd. - Overview
Tech Mahindra Ltd. - Business segments
Tech Mahindra Ltd. - Key news
Tech Mahindra Ltd. - Key offerings
Tech Mahindra Ltd. - Segment focus
11.12 Wipro Ltd.
Wipro Ltd. - Overview
Wipro Ltd. - Business segments
Wipro Ltd. - Key news
Wipro Ltd. - Key offerings
Wipro Ltd. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Service
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Parent Market
Exhibits 10: Data Table on - Parent Market
Exhibits 11: Market characteristics analysis
Exhibits 12: Value Chain Analysis
Exhibits 13: Offerings of companies included in the market definition
Exhibits 14: Market segments
Exhibits 15: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Historic Market Size - Data Table on Global IT Outsourcing Market 2018 - 2022 ($ million)
Exhibits 20: Historic Market Size - Service Segment 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Service - Market share 2023-2028 (%)
Exhibits 31: Data Table on Service - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Service
Exhibits 33: Data Table on Comparison by Service
Exhibits 34: Chart on Infrastructure outsourcing - Market size and forecast 2023-2028 ($ million)
Exhibits 35: Data Table on Infrastructure outsourcing - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Chart on Infrastructure outsourcing - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on Infrastructure outsourcing - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on Application outsourcing - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Data Table on Application outsourcing - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Chart on Application outsourcing - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on Application outsourcing - Year-over-year growth 2023-2028 (%)
Exhibits 42: Market opportunity by Service ($ million)
Exhibits 43: Data Table on Market opportunity by Service ($ million)
Exhibits 44: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 45: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 46: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 47: Chart on Geographic comparison
Exhibits 48: Data Table on Geographic comparison
Exhibits 49: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 71: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 73: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibits 74: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibits 75: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 78: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 79: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 82: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 83: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits 86: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits 87: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 89: Market opportunity By Geographical Landscape ($ million)
Exhibits 90: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 91: Impact of drivers and challenges in 2023 and 2028
Exhibits 92: Overview on criticality of inputs and factors of differentiation
Exhibits 93: Overview on factors of disruption
Exhibits 94: Impact of key risks on business
Exhibits 95: Companies covered
Exhibits 96: Matrix on companies position and classification
Exhibits 97: Accenture PLC - Overview
Exhibits 98: Accenture PLC - Business segments
Exhibits 99: Accenture PLC - Key news
Exhibits 100: Accenture PLC - Key offerings
Exhibits 101: Accenture PLC - Segment focus
Exhibits 102: Capgemini Services SAS - Overview
Exhibits 103: Capgemini Services SAS - Business segments
Exhibits 104: Capgemini Services SAS - Key news
Exhibits 105: Capgemini Services SAS - Key offerings
Exhibits 106: Capgemini Services SAS - Segment focus
Exhibits 107: Fujitsu Ltd. - Overview
Exhibits 108: Fujitsu Ltd. - Business segments
Exhibits 109: Fujitsu Ltd. - Key news
Exhibits 110: Fujitsu Ltd. - Key offerings
Exhibits 111: Fujitsu Ltd. - Segment focus
Exhibits 112: HCL Technologies Ltd. - Overview
Exhibits 113: HCL Technologies Ltd. - Business segments
Exhibits 114: HCL Technologies Ltd. - Key news
Exhibits 115: HCL Technologies Ltd. - Key offerings
Exhibits 116: HCL Technologies Ltd. - Segment focus
Exhibits 117: Hewlett Packard Enterprise Co. - Overview
Exhibits 118: Hewlett Packard Enterprise Co. - Business segments
Exhibits 119: Hewlett Packard Enterprise Co. - Key news
Exhibits 120: Hewlett Packard Enterprise Co. - Key offerings
Exhibits 121: Hewlett Packard Enterprise Co. - Segment focus
Exhibits 122: International Business Machines Corp. - Overview
Exhibits 123: International Business Machines Corp. - Business segments
Exhibits 124: International Business Machines Corp. - Key news
Exhibits 125: International Business Machines Corp. - Key offerings
Exhibits 126: International Business Machines Corp. - Segment focus
Exhibits 127: Larsen and Toubro Ltd. - Overview
Exhibits 128: Larsen and Toubro Ltd. - Business segments
Exhibits 129: Larsen and Toubro Ltd. - Key news
Exhibits 130: Larsen and Toubro Ltd. - Key offerings
Exhibits 131: Larsen and Toubro Ltd. - Segment focus
Exhibits 132: Tata Consultancy Services Ltd. - Overview
Exhibits 133: Tata Consultancy Services Ltd. - Business segments
Exhibits 134: Tata Consultancy Services Ltd. - Key news
Exhibits 135: Tata Consultancy Services Ltd. - Key offerings
Exhibits 136: Tata Consultancy Services Ltd. - Segment focus
Exhibits 137: Tech Mahindra Ltd. - Overview
Exhibits 138: Tech Mahindra Ltd. - Business segments
Exhibits 139: Tech Mahindra Ltd. - Key news
Exhibits 140: Tech Mahindra Ltd. - Key offerings
Exhibits 141: Tech Mahindra Ltd. - Segment focus
Exhibits 142: Wipro Ltd. - Overview
Exhibits 143: Wipro Ltd. - Business segments
Exhibits 144: Wipro Ltd. - Key news
Exhibits 145: Wipro Ltd. - Key offerings
Exhibits 146: Wipro Ltd. - Segment focus
Exhibits 147: Inclusions checklist
Exhibits 148: Exclusions checklist
Exhibits 149: Currency conversion rates for US$
Exhibits 150: Research methodology
Exhibits 151: Information sources
Exhibits 152: Data validation
Exhibits 153: Validation techniques employed for market sizing
Exhibits 154: Data synthesis
Exhibits 155: 360 degree market analysis
Exhibits 156: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global IT outsourcing market: Accenture PLC, Acora Ltd, Amdocs Ltd., Atos SE, Capgemini Services SAS, CGI Inc., Cognizant Technology Solutions Corp., Fujitsu Ltd., Genpact Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., ITC infotech India Ltd., Larsen and Toubro Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., Unisys Corp., Wipro Ltd., and Xerox Holdings Corp.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rise in integration of application outsourcing."

According to the report, one of the major drivers for this market is the need to optimize business processes.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Accenture PLC
  • Acora Ltd
  • Amdocs Ltd.
  • Atos SE
  • Capgemini Services SAS
  • CGI Inc.
  • Cognizant Technology Solutions Corp.
  • Fujitsu Ltd.
  • Genpact Ltd.
  • HCL Technologies Ltd.
  • Hewlett Packard Enterprise Co.
  • Infosys Ltd.
  • International Business Machines Corp.
  • ITC infotech India Ltd.
  • Larsen and Toubro Ltd.
  • Tata Consultancy Services Ltd.
  • Tech Mahindra Ltd.
  • Unisys Corp.
  • Wipro Ltd.
  • Xerox Holdings Corp.