Demand For IT Services Will Continue Upward Climb

Market To Top $1 Trillion In 2018

Being a technology service provider is apparently a good place to be over the next few years.

The global market for information technology services, which grew close to 20 percent from 2011 through 2015, is expected to advance by a similar amount through 2019, topping $1 trillion in 2018, according to a report by The Business Research Company (TBRC), based in London.

TBRC said the market advanced at a 4.6 percent compound annual growth rate from 2011 to 2015, with a value of $910 billion last year. Its numbers mirror a forecast from Gartner in September, which predicted a $1.1 trillion market in 2020, with outsourcing contributing 58 percent of the growth.

Here are five insights from the TBRC study, which, in addition to its own research, cited data from other sources.