IT Services Market is Expected to Grow at Nearly $3,496 Billion by 2022
Open PR is a press release distribution service. On Sseptember 9, 2019, it released an article on the IT Services Market, sourced from TBRC`S IT Services Market report.Growth in the historic period resulted from strong economic growth in emerging markets, technology development, B2B & B2C mobility, high valuations of information technology companies. Going forward, faster economic growth, increasing investments in smart cities, increase in outsourcing and Internet of Things (IoT) will drive growth. Factors that negatively affected growth in the historic period were multinational operations difficulties and high R&D expenditure. Factors that could hinder the growth of this market in the future are rise in interest rates and infrastructural barriers.