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February 22, 2019: Global IT professional services market size is expected to reach USD 1.07 trillion by 2025 with a CAGR of 8.4%, according to a new study conducted by Grand View Research, Inc. Growth in demand for knowledge-based services and preference for flexible and customizable professional services are driving the global market.Enterprises across various end-use industries are under mounting pressures to reduce capital expenditures and increase operational efficiencies.
The adoption of IT professional services has been growing as these services can help reduce the overall IT costs, and in turn, the capital expenditure.
Benefits associated with these services, such as ease of deployment, lesser risk, and higher security, have also been aiding the market growth.Download sample Copy of This Report at: https://www.radiantinsights.com/research/it-professional-services-market/request-sample Incumbents of the BFSI, retail, telecommunication, and IT industries prefer cloud-based services.
As the number of enterprises opting for digital transformation continues to increase, vendors are finding it more convenient to deliver IT services through the cloud technology.
It also allows providers to expand their geographic reach and offer scalable services, as well as on-demand support.Tech companies, marketing firms, and consulting companies are the largest users of IT professional services.
Digitization, big data analytics, and Business Intelligence (BI) are some of the key functionalities being outsourced to reduce the administrative costs and overheads.
