Irving, Texas (PRWEB) January 10, 2013
Increasing Internet and cloud-based services are propelling growth in IT services, resulting in extensive investment and stronger regulations in the IT industry to meet security needs. The global IT management and outsourcing services industry experienced good growth during 2006-2011. It is forecast to reach $497 billion by 2017 with 5.5% CAGR over 2012-2017, chiefly driven by increasing IT spending and emerging economies' economic growth.
Lucintel, a leading global management consulting and market research firm, has analyzed the global IT management and outsourcing services industry and offers its findings in its comprehensive research report, “Global IT Management and Outsourcing Services Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
The industry is geographically segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW). North America replaced APAC as the fastest-growing region during 2006-2011; however, APAC is expected to bounce back to be the top growth region during 2012-2017. Lucintel identities the common factor among APAC, Latin America, Eastern Europe, and the Middle East; i.e., skilled low-cost labor that makes these areas the highest-potential emerging outsourcing markets.
Lucintel identifies a declining talent pool in developed countries and currency fluctuations as industry growth impediments, whereas increasing IT spending and growing outsourcing destinations, and new emerging markets are marked as growth drivers.
Verticalization is a crucial factor, expected to shape the future success of IT vendors. Globalization is another compelling force in molding IT service delivery and business competitive activities in virtually every vertical market.
This market report is an indispensable reference guide for service providers, product manufacturers, investors, executives, distributors, and many others that operate in this market. To make business, investment, and strategic decisions timely, useful information is crucial. This Lucintel industry research report provides an important understanding of recent industry scope and overview, global macroeconomic overview, relative market attractiveness by region, annual industry trend, emerging trends, industry forecasts, Porter's Five Forces Analysis, and the profitability analysis of the major industry players. The key insights sections portray beneficial information on an industry segment's growth and regional growth trends.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk (at) lucintel (dot) com. Lucintel offerings include SWOT analysis, target screening and M & A due diligence consulting.
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