November, 2024
The IT professional services market provides technological services to various consumers around the world. The main types of services delivered by this industry generally consist of project-oriented services, ITO services, IT support and training services, and enterprise cloud computing services. The growing trend of cloud-based IT services in organizations has boosted market growth.
This industry is generally driven by the rise in the number of large enterprises worldwide. The increasing demand for these services in consulting and technology companies around the globe is expected to boost the growth of the IT professional services market. In January 2024, LTIMindtree launched Canvas CloudXperienz. It is a cloud-based platform designed for providing enhanced security, efficiency and scalability in various organizations.
The advancement in edge computing technologies and developments in automation services are expected to create ample growth opportunities for the market players in the upcoming days. In April 2024, AnyMind Group launched an AI-based YouTube consulting service. This service is designed for enterprises and creators to improve quality and efficiency using AI technology.
This market comprises several players such as Accenture, Amazon Web Services, Atera Networks Ltd., Capgemini, and some others. Accenture is a leading player in this industry, generating overall revenue of US$ 64.1 billion in 2023. Amazon is another prominent company that provides various IT-based services to numerous organizations around the world. This company generated revenue of US$ 90,757 million in 2023 from the AWS segment, which includes various IT-based services.
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