Latest Research Study on "IT as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026."

Albany, NY -- (SBWire) -- 12/09/2018 --IT as a service (ITaaS) is an operative model where information technology (IT) service providers offer IT services to businesses. IT is the application of computers to transmit, study, store, retrieve, and manipulate information or data, often in the context of enterprises or other businesses. The IT service provider could be an external IT service provider or an internal IT organization. Global IT as a service refers to services related to technical expertise that enable organizations to manage, create, optimize, and access information and business processes. IT as a service s also provides restoration and data backup services. This has resulted in higher productivity and reduction of operational costs of organizations.

The global IT as a service market is mainly driven by an increase in the number of start-up companies and rise in the adoption of advanced technologies in order to manage, test, develop, install, troubleshoot, and configure computer hardware and software of an organization on a regular basis. Additionally, increase in emphasis on developing an IT-efficient infrastructure and rise in demand for IT services such as system integration services and consulting services by organizations are boosting the market. Furthermore, increase in the need to support a virtualized IT ecosystem is a major factor propelling the IT as a service market. Increase in migration and digitization to the cloud frame is also fuelling demand for the IT as a service model across the world. However, safety and privacy concerns and rise in hacking incidents on application-based services are some of the major factors that are restraining the market. Further, high cost of advanced infrastructure to manage IT services is hampering market.

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Rise in demand for advanced technologies among small and medium enterprises for better network connectivity is anticipated to create new opportunities for the growth of the IT as a service market around the globe.

The global IT as a service market can be segmented based on service, deployment, enterprise size, industry, and region. Based on service, the IT as a service market can be classified into application modernization, application development, performance engineering, system integration, and others. In terms of enterprise size, the market can be categorized into small and medium enterprises and large enterprises. Based on industry, the global IT as a service market can be divided into banking, financial services, and insurance (BFSI); telecom; retail; health care; energy and utilities; and others.

In terms of region, the global IT as a service market can be segmented into Europe, North America, Middle East & Africa, South America, and Asia Pacific. The IT as a service market in North America is estimated to expand at a high growth rate during the forecast period. This is primarily due to the presence of a large number of technical experts and rise in demand for IT services among enterprises in the region. The IT as a service market in Asia Pacific is anticipated to expand significantly during the forecast period. Demand for IT as a service in the region is primarily generated from countries such as India, China, and Japan. Furthermore, technological advancement, rise in globalization, and product escalation in developing countries of the region are expected to present attractive opportunities for the growth of the IT as a service market in Asia Pacific. Rise in complexity in business processes of IT companies is also boosting demand for IT services in Asia Pacific.

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Major players operating in the global IT as a service market include BMC Software, Inc., Hewlett Packard Enterprise Company, International Business Machines Corporation, Red Hat, Inc., VMware, Inc., Accenture plc, Adaptive Computing Enterprises, Inc., CA Technologies, Cisco Systems, Inc., Citrix Systems, Inc., CloudBolt Software, Inc., Conviture, Inc., CSC Computer Sciences Limited, Dell EMC, Egenera, Inc., Embotics Corporation, GigaSpaces Technologies Inc., and Micro Focus International plc..

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR's reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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