(MoneyNewsWire.Net, October 12, 2018 ) Over the past five years, cloud software solutions have been gaining acceptance from companies across all industries. Cloud is a software delivery method where a vendor hosts a software application in a remote server and customers can access it through the internet. Cloud software solutions are widely used in customer relationship management (CRM), HR/payroll, project management and accounting software systems. For example, Vodafone is utilizing Salesforce.com’s software services to make connections through social media.
THE BUSINESS RESEARCH COMPANY EXPECTS THE INFORMATION TECHNOLOGY SERVICES MARKET TO GROW TO $4 TRILLION BY 2021
North America was the largest region in the Information technology services market in 2017, accounting for one third of the global market share.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, the number of mergers and acquisitions in the IT services industry is rising significantly since the last decade. The IT industry is witnessing a massive change in the SMAC market—social, mobile, analytics and cloud. Acquisitions in the industry has led companies to increase the scale of their operations, develop more expertise and increase revenue. For example, after the acquisition of ExactTarget by Salesforce in 2013, the company’s revenue increased from $2.8 billion in 2013 to $5.4 billion in 2015.
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Microsoft Corp. was the largest competitor in the information technology services market in 2017 with revenues of $90.0 billion for the financial year 2016. Microsoft’s growth strategy is to focus on mobile and cloud solutions; it is also targeting having a billion subscribers for Windows 10 by 2018.
IT services providers apply technical expertise and knowledge to enable organizations to create, manage and optimize their IT processes. The information technology services industry breaks down into custom computer programming services, computer systems design services and computer related services.
Information Technology Services Market Global Briefing 2018 is a detailed report giving a unique insight into this market. The report is priced at $1000 for an individual user. To use across your office, the price is $1500 and $2000 if you wish to use across a multinational company.
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