North America IT Services Market Size, Share, Growth, Trends, Opportunities 2026
North America IT Services market is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period, to reach USD 660.9 billion by 2026 from USD 459.2 billion in 2021
(EMAILWIRE.COM, April 05, 2022 ) The North America IT Services market is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period, to reach USD 660.9 billion by 2026 from USD 459.2 billion in 2021. Increased productivity, reduced time and costs, and enhanced focus on customer experience are expected to spur the demand for IT Services offerings across North America.
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The North America IT Services market includes major vendors, such as IBM (US), Hewlett Packard Enterprise (US), Accenture (Ireland), CISCO (US), Wipro (India), HCL Technologies (India), Cognizant (US), Infosys (India), Rackspace (US), Tata Consultancy Services (India), Fujitsu (Japan), Capgemini (France), Ericsson (Sweden), Huawei Technologies Co. Ltd. (China), Nokia Networks (Finland), GTT Communications (US), SAP (Germany), DXC (US), NTT DATA (Japan), NEC (Japan), Deloitte (UK), Virtuestream (US), DigitalOcean (US), Bluelock (US), Navisite (US), CenturyLink (US), Infor (US), Opentext (Canada), Citrix (US), IFS (Sweden).
The major players have implemented various growth strategies to expand their presence in North America and increase their market shares. Key players such as IBM, Hewlett Packard Enterprise, Accenture, CISCO, Wipro, HCL Technologies and Cognizant have majorly adopted many growth strategies, such as new service offerings, mergers, acquisitions, and partnerships, to expand their service portfolios and business expansion as well and grow further in the IT Services market.
IBM is a leading player in the IT Services market in North America. The company’s major operating sector consists of five business segments, namely, cognitive solutions (AI), global business services, technology services and cloud platforms, systems, and global financing. IBM focuses on strengthening its product portfolio by launching new and advanced solutions in these sectors. It helps customers streamline business processes and enhance data-driven decision-making capabilities. It offers a broad product portfolio that includes Analytics, Intelligent Automation, Cloud Computing, Blockchain, Business Operations, IT Infrastructure, Mobile Technology, Security, Software Development, and Supply Chain Management. IBM offers an array of services, including infrastructure services, outsourcing, application management services, Global Process Services (GPS), maintenance and support, consulting, and other managed services. It offers managed services such as enterprise application services, managed mobility services, workplace services, backup and recovery services, network services, security services, and storage services. IBM has expanded its managed services in the cloud services such as Infrastructure-as-a-service (IaaS), Platform-as-a-service (PaaS), and Software-as-a-service (SaaS).
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TCS is a pioneer in offering innovative consulting and IT solutions and services. It has been efficiently catering to its clients’ needs by offering technologically advanced solutions. TCS offers services, such as cloud, consulting, analytics and insights, internet of things, blockchain, enterprise applications, cognitive business operations, conversational experiences, automation and AI, engineering and industrial services, cybersecurity, and quality engineering, to its broad range of customers across the globe. Banking, Financial Services and Insurance (BFSI), manufacturing, retail and consumer business, communication, media and technology, and others are a few operating segments of TCS. In IT service offerings, the company offers managed IT infrastructure services, cybersecurity managed services, and managed services for contact centers and unified communications. Managed services for contact center and unified communications include helpdesk management, patching and anti-virus software upgrades, and reporting and governance. Cybersecurity services help enterprises optimize controls, improve governance, and increase profitability.
The presence of various well-established players from the region as well as from outside has intensified the level of competitive rivalry in the North America IT services market. Some of these players are Accenture (Ireland), IBM (US), Fujitsu (Japan), Cisco (US), AT&T (US), Verizon (US), Wipro (India), HCL (India), TCS (India), Capgemini (France), Atos (France), Huawei (China), Cognizant (US), DXC (US), Dimension Data (South Africa), Infosys (India), Ericsson (Sweden), NTT Data (Japan), Rackspace (US), GTT Communications (US), Happiest Minds (India), Nokia Networks (Finland), and CenturyLink (US). These vendors have a strong foothold in the North America, owing to their strong product and service portfolio and well-established strategic alliances. Further, all the players are focusing on gaining a competitive edge through R&D efforts, strategic alliances, and acquisitions.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1769884
The North America IT Services market includes major vendors, such as IBM (US), Hewlett Packard Enterprise (US), Accenture (Ireland), CISCO (US), Wipro (India), HCL Technologies (India), Cognizant (US), Infosys (India), Rackspace (US), Tata Consultancy Services (India), Fujitsu (Japan), Capgemini (France), Ericsson (Sweden), Huawei Technologies Co. Ltd. (China), Nokia Networks (Finland), GTT Communications (US), SAP (Germany), DXC (US), NTT DATA (Japan), NEC (Japan), Deloitte (UK), Virtuestream (US), DigitalOcean (US), Bluelock (US), Navisite (US), CenturyLink (US), Infor (US), Opentext (Canada), Citrix (US), IFS (Sweden).
The major players have implemented various growth strategies to expand their presence in North America and increase their market shares. Key players such as IBM, Hewlett Packard Enterprise, Accenture, CISCO, Wipro, HCL Technologies and Cognizant have majorly adopted many growth strategies, such as new service offerings, mergers, acquisitions, and partnerships, to expand their service portfolios and business expansion as well and grow further in the IT Services market.
IBM is a leading player in the IT Services market in North America. The company’s major operating sector consists of five business segments, namely, cognitive solutions (AI), global business services, technology services and cloud platforms, systems, and global financing. IBM focuses on strengthening its product portfolio by launching new and advanced solutions in these sectors. It helps customers streamline business processes and enhance data-driven decision-making capabilities. It offers a broad product portfolio that includes Analytics, Intelligent Automation, Cloud Computing, Blockchain, Business Operations, IT Infrastructure, Mobile Technology, Security, Software Development, and Supply Chain Management. IBM offers an array of services, including infrastructure services, outsourcing, application management services, Global Process Services (GPS), maintenance and support, consulting, and other managed services. It offers managed services such as enterprise application services, managed mobility services, workplace services, backup and recovery services, network services, security services, and storage services. IBM has expanded its managed services in the cloud services such as Infrastructure-as-a-service (IaaS), Platform-as-a-service (PaaS), and Software-as-a-service (SaaS).
Get sample of report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1769884
TCS is a pioneer in offering innovative consulting and IT solutions and services. It has been efficiently catering to its clients’ needs by offering technologically advanced solutions. TCS offers services, such as cloud, consulting, analytics and insights, internet of things, blockchain, enterprise applications, cognitive business operations, conversational experiences, automation and AI, engineering and industrial services, cybersecurity, and quality engineering, to its broad range of customers across the globe. Banking, Financial Services and Insurance (BFSI), manufacturing, retail and consumer business, communication, media and technology, and others are a few operating segments of TCS. In IT service offerings, the company offers managed IT infrastructure services, cybersecurity managed services, and managed services for contact centers and unified communications. Managed services for contact center and unified communications include helpdesk management, patching and anti-virus software upgrades, and reporting and governance. Cybersecurity services help enterprises optimize controls, improve governance, and increase profitability.
The presence of various well-established players from the region as well as from outside has intensified the level of competitive rivalry in the North America IT services market. Some of these players are Accenture (Ireland), IBM (US), Fujitsu (Japan), Cisco (US), AT&T (US), Verizon (US), Wipro (India), HCL (India), TCS (India), Capgemini (France), Atos (France), Huawei (China), Cognizant (US), DXC (US), Dimension Data (South Africa), Infosys (India), Ericsson (Sweden), NTT Data (Japan), Rackspace (US), GTT Communications (US), Happiest Minds (India), Nokia Networks (Finland), and CenturyLink (US). These vendors have a strong foothold in the North America, owing to their strong product and service portfolio and well-established strategic alliances. Further, all the players are focusing on gaining a competitive edge through R&D efforts, strategic alliances, and acquisitions.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results