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IT Outsourcing Market to Grow at a CAGR of 6.2% to 2022

The Global IT Outsourcing Market is accounted for $314.92 billion in 2015 and is expected to reach $481.37 billion by 2022 growing at a CAGR of 6.2% during the forecast period. Improved company focus, gaining access to exceptional capabilities and reduced costs are some of the major factors driving the market. Whereas, factors such as loss of control and reduced employee morale are hindering the growth of IT Outsourcing market. New market opportunities and trends with cloud computing and new business models are prompting the IT infrastructure outsourcing services market. Asia pacific and Latin America are expected to witness prospective growth due to expansion by multinationals into these regions.

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Some of the key players in the global IT Outsourcing Market are Infosys, iGate, HCL, Cognizant, CGI, Capgemini, Wipro, Unisys, TCS and ITC Infotech.

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Security Types covered:
– Gain sharing
– Outtasking
– Co-Sourcing

End Users covered:
– Small and Medium enterprises
– Large Enterprises

Applications covered:
– Telecom and IT
– Retail
– Manufacturing
– Healthcare
– Government and Public Utilities
– Banking, Financial Services and Insurance (BFSI)
– Aerospace, Defense and Intelligence
– Others

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Regions Covered:
– North America
– US
– Canada
– Mexico
– Europe
– Germany
– France
– Italy
– UK
– Spain
– Rest of Europe
– Asia Pacific
– Japan
– China
– India
– Australia
– New Zealand
– Rest of Asia Pacific
– Rest of the World
– Middle East
– Brazil
– Argentina
– South Africa
– Egypt

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