The Europe IT Services Market would witness market growth of 8.2% CAGR during the forecast period (2022-2028).
The storage and management of data is another crucial data-related service, building on earlier remarks. Data storage and management are one of the highest-paying managed IT services since data is essential for all businesses and organizations regardless of size and industry. Servers and databases that house the company's data are typically set up by managed IT service providers.
In addition to storing client organizations' data, they also develop methods and tactics that make it simple and effective to access, giving businesses more time to concentrate on other important tasks and areas. Sensitive data needs to be periodically backed up in addition to data storage, hosting, and security procedures.
By storing copies of the data on external hardware or internet platforms, such as a cloud service, backup solutions safeguard the data and reduce the possibility of information loss. In the event of any problems, such as a power outage or system failure, information backup services can aid in protecting the company's information.
With 95,808 IT firms (software and hardware as of 2019, source: Statista) and an estimated 1,124 million employees in 2022, Germany has one of the largest ICT marketplaces in the world and the largest software market in Europe. Demand for U.S. goods and services remains robust across all market segments. In addition, there are other highly specialized SMBs on the market. In 2022, the IT-Services subsector generated 45,3 billion dollars in revenue, the IT-Hardware subsector generated 34.9 billion dollars and the software subsector generated 34.1 billion dollars.
The Germany market dominated the Europe IT Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $131.4 Billion by 2028.The UK market is anticipated to grow at a CAGR of 7.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9% during (2022 - 2028).
Based on Type, the market is segmented into Managed Security Services, Security Outsourcing, IT Support, Systems & Network Implementations and Security Strategy & Planning. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Industry, the market is segmented into BFSI, Telecommunication, Healthcare, Retail, Manufacturing, Government and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global IT Services Market will Hit $2013.6 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Accenture PLC, Tata Consultancy Services Ltd., Cognizant Technology Solutions Corporation, Wipro Limited, HCL Technologies Ltd. (HCL Enterprises), Capgemini SE, IBM Corporation, Infosys Limited, DXC Technology Company, and NTT Data Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Managed Security Services
- Security Outsourcing
- IT Support
- Systems & Network Implementations
- Security Strategy & Planning
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Industry
- BFSI
- Telecommunication
- Healthcare
- Retail
- Manufacturing
- Government
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- Accenture PLC
- Tata Consultancy Services Ltd.
- Cognizant Technology Solutions Corporation
- Wipro Limited
- HCL Technologies Ltd. (HCL Enterprises)
- Capgemini SE
- IBM Corporation
- Infosys Limited
- DXC Technology Company
- NTT Data Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe IT Services Market, by Type
1.4.2 Europe IT Services Market, by Enterprise Size
1.4.3 Europe IT Services Market, by Industry
1.4.4 Europe IT Services Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations, and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jun – 2022, Oct) Leading Players
Chapter 4. Europe IT Services Market by Type
4.1 Europe Managed Security Services Market by Country
4.2 Europe Security Outsourcing Market by Country
4.3 Europe IT Support Market by Country
4.4 Europe Systems & Network Implementations Market by Country
4.5 Europe Security Strategy & Planning Market by Country
Chapter 5. Europe IT Services Market by Enterprise Size
5.1 Europe Large Enterprises Market by Country
5.2 Europe Small & Medium Enterprises Market by Country
Chapter 6. Europe IT Services Market by Industry
6.1 Europe BFSI Market by Country
6.2 Europe Telecommunication Market by Country
6.3 Europe Healthcare Market by Country
6.4 Europe Retail Market by Country
6.5 Europe Manufacturing Market by Country
6.6 Europe Government Market by Country
6.7 Europe Others Market by Country
Chapter 7. Europe IT Services Market by Country
7.1 Germany IT Services Market
7.1.1 Germany IT Services Market by Type
7.1.2 Germany IT Services Market by Enterprise Size
7.1.3 Germany IT Services Market by Industry
7.2 UK IT Services Market
7.2.1 UK IT Services Market by Type
7.2.2 UK IT Services Market by Enterprise Size
7.2.3 UK IT Services Market by Industry
7.3 France IT Services Market
7.3.1 France IT Services Market by Type
7.3.2 France IT Services Market by Enterprise Size
7.3.3 France IT Services Market by Industry
7.4 Russia IT Services Market
7.4.1 Russia IT Services Market by Type
7.4.2 Russia IT Services Market by Enterprise Size
7.4.3 Russia IT Services Market by Industry
7.5 Spain IT Services Market
7.5.1 Spain IT Services Market by Type
7.5.2 Spain IT Services Market by Enterprise Size
7.5.3 Spain IT Services Market by Industry
7.6 Italy IT Services Market
7.6.1 Italy IT Services Market by Type
7.6.2 Italy IT Services Market by Enterprise Size
7.6.3 Italy IT Services Market by Industry
7.7 Rest of Europe IT Services Market
7.7.1 Rest of Europe IT Services Market by Type
7.7.2 Rest of Europe IT Services Market by Enterprise Size
7.7.3 Rest of Europe IT Services Market by Industry
Chapter 8. Company Profiles
8.1 Microsoft Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Accenture PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Tata Consultancy Services Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations & Agreements:
8.3.6 SWOT Analysis
8.4 Wipro Limited
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 NTT Data Corporation
8.5.1 Company overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 IBM Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional & Segmental Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.5.3 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Cognizant Technology Solutions Corporation
8.7.1 Company overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.5 SWOT Analysis
8.8 Infosys Limited
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 DXC Technology Company
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Recent strategies and developments:
8.9.4.1 Partnerships, Collaborations, and Agreements:
8.9.4.2 Product Launches and Product Expansions:
8.10. Capgemini SE
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Partnerships, Collaborations, and Agreements:
8.11 HCL Technologies Ltd. (HCL Enterprises)
8.11.1 Company Overview
8.11.2 Financial Analysis
8.11.3 Segmental and Regional Analysis
8.11.4 Research & Development Expense
8.11.5 Recent strategies and developments:
8.11.5.1 Partnerships, Collaborations, and Agreements:
8.11.5.2 Product Launches and Product Expansions:
TABLE 1 Europe IT Services Market, 2018 - 2021, USD Billion
TABLE 2 Europe IT Services Market, 2022 - 2028, USD Billion
TABLE 3 Partnerships, Collaborations, and Agreements– IT Services Market
TABLE 4 Product Launches And Product Expansions– IT Services Market
TABLE 5 Acquisition and Mergers– IT Services Market
TABLE 6 Europe IT Services Market by Type, 2018 - 2021, USD Billion
TABLE 7 Europe IT Services Market by Type, 2022 - 2028, USD Billion
TABLE 8 Europe Managed Security Services Market by Country, 2018 - 2021, USD Billion
TABLE 9 Europe Managed Security Services Market by Country, 2022 - 2028, USD Billion
TABLE 10 Europe Security Outsourcing Market by Country, 2018 - 2021, USD Billion
TABLE 11 Europe Security Outsourcing Market by Country, 2022 - 2028, USD Billion
TABLE 12 Europe IT Support Market by Country, 2018 - 2021, USD Billion
TABLE 13 Europe IT Support Market by Country, 2022 - 2028, USD Billion
TABLE 14 Europe Systems & Network Implementations Market by Country, 2018 - 2021, USD Billion
TABLE 15 Europe Systems & Network Implementations Market by Country, 2022 - 2028, USD Billion
TABLE 16 Europe Security Strategy & Planning Market by Country, 2018 - 2021, USD Billion
TABLE 17 Europe Security Strategy & Planning Market by Country, 2022 - 2028, USD Billion
TABLE 18 Europe IT Services Market by Enterprise Size, 2018 - 2021, USD Billion
TABLE 19 Europe IT Services Market by Enterprise Size, 2022 - 2028, USD Billion
TABLE 20 Europe Large Enterprises Market by Country, 2018 - 2021, USD Billion
TABLE 21 Europe Large Enterprises Market by Country, 2022 - 2028, USD Billion
TABLE 22 Europe Small & Medium Enterprises Market by Country, 2018 - 2021, USD Billion
TABLE 23 Europe Small & Medium Enterprises Market by Country, 2022 - 2028, USD Billion
TABLE 24 Europe IT Services Market by Industry, 2018 - 2021, USD Billion
TABLE 25 Europe IT Services Market by Industry, 2022 - 2028, USD Billion
TABLE 26 Europe BFSI Market by Country, 2018 - 2021, USD Billion
TABLE 27 Europe BFSI Market by Country, 2022 - 2028, USD Billion
TABLE 28 Europe Telecommunication Market by Country, 2018 - 2021, USD Billion
TABLE 29 Europe Telecommunication Market by Country, 2022 - 2028, USD Billion
TABLE 30 Europe Healthcare Market by Country, 2018 - 2021, USD Billion
TABLE 31 Europe Healthcare Market by Country, 2022 - 2028, USD Billion
TABLE 32 Europe Retail Market by Country, 2018 - 2021, USD Billion
TABLE 33 Europe Retail Market by Country, 2022 - 2028, USD Billion
TABLE 34 Europe Manufacturing Market by Country, 2018 - 2021, USD Billion
TABLE 35 Europe Manufacturing Market by Country, 2022 - 2028, USD Billion
TABLE 36 Europe Government Market by Country, 2018 - 2021, USD Billion
TABLE 37 Europe Government Market by Country, 2022 - 2028, USD Billion
TABLE 38 Europe Others Market by Country, 2018 - 2021, USD Billion
TABLE 39 Europe Others Market by Country, 2022 - 2028, USD Billion
TABLE 40 Europe IT Services Market by Country, 2018 - 2021, USD Billion
TABLE 41 Europe IT Services Market by Country, 2022 - 2028, USD Billion
TABLE 42 Germany IT Services Market, 2018 - 2021, USD Billion
TABLE 43 Germany IT Services Market, 2022 - 2028, USD Billion
TABLE 44 Germany IT Services Market by Type, 2018 - 2021, USD Billion
TABLE 45 Germany IT Services Market by Type, 2022 - 2028, USD Billion
TABLE 46 Germany IT Services Market by Enterprise Size, 2018 - 2021, USD Billion
TABLE 47 Germany IT Services Market by Enterprise Size, 2022 - 2028, USD Billion
TABLE 48 Germany IT Services Market by Industry, 2018 - 2021, USD Billion
TABLE 49 Germany IT Services Market by Industry, 2022 - 2028, USD Billion
TABLE 50 UK IT Services Market, 2018 - 2021, USD Billion
TABLE 51 UK IT Services Market, 2022 - 2028, USD Billion
TABLE 52 UK IT Services Market by Type, 2018 - 2021, USD Billion
TABLE 53 UK IT Services Market by Type, 2022 - 2028, USD Billion
TABLE 54 UK IT Services Market by Enterprise Size, 2018 - 2021, USD Billion
TABLE 55 UK IT Services Market by Enterprise Size, 2022 - 2028, USD Billion
TABLE 56 UK IT Services Market by Industry, 2018 - 2021, USD Billion
TABLE 57 UK IT Services Market by Industry, 2022 - 2028, USD Billion
TABLE 58 France IT Services Market, 2018 - 2021, USD Billion
TABLE 59 France IT Services Market, 2022 - 2028, USD Billion
TABLE 60 France IT Services Market by Type, 2018 - 2021, USD Billion
TABLE 61 France IT Services Market by Type, 2022 - 2028, USD Billion
TABLE 62 France IT Services Market by Enterprise Size, 2018 - 2021, USD Billion
TABLE 63 France IT Services Market by Enterprise Size, 2022 - 2028, USD Billion
TABLE 64 France IT Services Market by Industry, 2018 - 2021, USD Billion
TABLE 65 France IT Services Market by Industry, 2022 - 2028, USD Billion
TABLE 66 Russia IT Services Market, 2018 - 2021, USD Billion
TABLE 67 Russia IT Services Market, 2022 - 2028, USD Billion
TABLE 68 Russia IT Services Market by Type, 2018 - 2021, USD Billion
TABLE 69 Russia IT Services Market by Type, 2022 - 2028, USD Billion
TABLE 70 Russia IT Services Market by Enterprise Size, 2018 - 2021, USD Billion
TABLE 71 Russia IT Services Market by Enterprise Size, 2022 - 2028, USD Billion
TABLE 72 Russia IT Services Market by Industry, 2018 - 2021, USD Billion
TABLE 73 Russia IT Services Market by Industry, 2022 - 2028, USD Billion
TABLE 74 Spain IT Services Market, 2018 - 2021, USD Billion
TABLE 75 Spain IT Services Market, 2022 - 2028, USD Billion
TABLE 76 Spain IT Services Market by Type, 2018 - 2021, USD Billion
TABLE 77 Spain IT Services Market by Type, 2022 - 2028, USD Billion
TABLE 78 Spain IT Services Market by Enterprise Size, 2018 - 2021, USD Billion
TABLE 79 Spain IT Services Market by Enterprise Size, 2022 - 2028, USD Billion
TABLE 80 Spain IT Services Market by Industry, 2018 - 2021, USD Billion
TABLE 81 Spain IT Services Market by Industry, 2022 - 2028, USD Billion
TABLE 82 Italy IT Services Market, 2018 - 2021, USD Billion
TABLE 83 Italy IT Services Market, 2022 - 2028, USD Billion
TABLE 84 Italy IT Services Market by Type, 2018 - 2021, USD Billion
TABLE 85 Italy IT Services Market by Type, 2022 - 2028, USD Billion
TABLE 86 Italy IT Services Market by Enterprise Size, 2018 - 2021, USD Billion
TABLE 87 Italy IT Services Market by Enterprise Size, 2022 - 2028, USD Billion
TABLE 88 Italy IT Services Market by Industry, 2018 - 2021, USD Billion
TABLE 89 Italy IT Services Market by Industry, 2022 - 2028, USD Billion
TABLE 90 Rest of Europe IT Services Market, 2018 - 2021, USD Billion
TABLE 91 Rest of Europe IT Services Market, 2022 - 2028, USD Billion
TABLE 92 Rest of Europe IT Services Market by Type, 2018 - 2021, USD Billion
TABLE 93 Rest of Europe IT Services Market by Type, 2022 - 2028, USD Billion
TABLE 94 Rest of Europe IT Services Market by Enterprise Size, 2018 - 2021, USD Billion
TABLE 95 Rest of Europe IT Services Market by Enterprise Size, 2022 - 2028, USD Billion
TABLE 96 Rest of Europe IT Services Market by Industry, 2018 - 2021, USD Billion
TABLE 97 Rest of Europe IT Services Market by Industry, 2022 - 2028, USD Billion
TABLE 98 key information – Microsoft Corporation
TABLE 99 Key information – Accenture PLC
TABLE 100 Key Information – Tata Consultancy Services Ltd.
TABLE 101 Key Information – Wipro Limited
TABLE 102 Key Information – NTT Data Corporation
TABLE 103 Key information – IBM Corporation
TABLE 104 Key Information – Cognizant Technology Solutions Corporation
TABLE 105 Key Information – Infosys Limited
TABLE 106 key information – DXC Technology Company
TABLE 107 Key Information – Capgemini SE
TABLE 108 Information – HCL Technologies Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jun – 2022, Oct) Leading Players
FIG 6 SWOT Analysis: Microsoft Corporation
FIG 7 Recent strategies and developments: Accenture PLC
FIG 8 Swot analysis: Accenture plc
FIG 9 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 10 Recent strategies and developments: Wipro Limited
FIG 11 SWOT Analysis: Wipro Limited
FIG 12 Recent strategies and developments: NTT Data Corporation
FIG 13 SWOT Analysis: NTT Data Corporation
FIG 14 Recent strategies and developments: IBM Corporation
FIG 15 Swot analysis: IBM Corporation
FIG 16 Swot analysis: cognizant technology solutions corporation
FIG 17 SWOT Analysis: Infosys Limited
FIG 18 Recent strategies and developments: DXC Technology Company
FIG 19 Recent strategies and developments: HCL Technologies Ltd.