Global Information Technology Market was valued US$ 300 Bn in 2017 and is expected to reach US$ 900 Bn by 2026, at CAGR of 14.72% during forecast period.

Global Information Technology Market

Information technology (IT) industries are dealing with application of computers, computer peripherals and telecommunications equipment to store, retrieve, transmit and move data. It contains broadcasting, computer networking, systems design services and information distribution technologies like television and telephones.

Internet of Things (IoT) was latest development observed in information technology services as of 2017. IoT is the network of physical objects like vehicles, devices, buildings and other items which are surrounded with electronics, sensors, software and network connectivity that allows these objects to collect and exchange data and have various applications. For example, Microsoft and Rolls-Royce have announced a partnership centering on future Rolls-Royce intelligent engines, which will be integrating Microsoft Suite into its service solutions to develop its digital skills. Information technology service market is comparatively concentrated, with a number of big, global players. Around 30% of total market share in 2016 is made top five competitors in the market. IBM is largest competitor, followed by Accenture, HPE, Microsoft, and SAP.

Previously, software publishers would open source software which was not making money, but to increase its presence and share in the market, now companies are open sourcing software. Open Source Initiative, 78% of companies are using open source solutions and 64% are contributing in open source projects indicating a rise in open source software platforms to build applications. Global Information Technology Market Report provides policymakers, marketers and senior management with the acute information they need to consider the global information technology market.

Enterprise IT security is a continuous challenge for IT leaders, Companies are working in a relentless and dynamic technology environment which puts all their digital properties at risk. Globally, cybercrime networks are worth $100 billion, that’s twice as much as companies spend on protecting their information resources. Keeping that things in mind, what are the most important challenges for IT leaders to mitigate this threat?
Asia Pacific was largest region in information technology market in 2017, accounting for around 40% market share. North America was the second largest region which was holding around 25% market share, and Africa was the smallest region accounting for around 2% market share.

Key players operated in market include Fujitsu, HP, Accenture, IBM, TCS, NTT Data, Oracle, CapGemini, CSC, SAP, AT&T, Apple, Verizon Communication, China Mobile, Microsoft, Amazon, Hewlett-Packard, Google, Comcast, Intel.
Scope of Global Information Technology Market:

Global Information Technology Market by Type:

• Telecom
• IT Services
• Software Publishers
• Computer Hardware
Global Information Technology Market by Application:

• BFSI
• Telecommunications
• Retail And E-Commerce
• Government And Defense
• Others
Global Information Technology Market by Geography:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa
This Report Is Submitted By @Global Market Research Company
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