(EMAILWIRE.COM, December 21, 2018 ) The Business Research Companys global information technology market analysis covers the year-on-year growth of the global information technology market historic and forecast growth. It also includes chapters on the information technology market trends, geographical analysis, and competitive landscape.
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The global information technology market is forecast to grow at a CAGR (compound annual growth rate) of around 6.5% to 2020.
Information Technology Market Segmentation
According to TBRCs global information technology market research, the market is split by segments into IT Services; Computer Hardware; Telecom; and Software Product.
Telecom industry is a part of the information and communication technology industry. The industry is primarily engaged in operating and providing access to facilities for the transmission of voice, data, text and video. It is the largest segment with almost 45% market share
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.
Computer Hardware segment includes digital equipment for everyday use in homes and for performing day to day activities in offices. These include personal computers (PCs) laptops and tablets. The computers market also comprises computer storage devices, peripheral equipment, system design services and other related services.
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Despite being the second largest segment, IT Services had the highest CAGR (compound annual growth rate) of around 7% during 2013-2017; this segment is expected to grow at a CAGR of more than 8% during 2017-2021.
The global information technology market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global IT Services; Computer Hardware; Telecom; and Software Product markets segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are AT&T, Apple, Verizon Communications Inc., China Mobile Ltd, and Microsoft.
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