America Growth Forecast: 4.1 Percent CAGR

The Americas had the second highest compound annual growth rate (CAGR) from 2011 through 2015, at 4.9 percent. From 2015 to 2019, the market is expected to advance 4.1 percent.

That's less than half of the projected growth in Asia. TBRC sees that market advancing 9 percent, more than the 8.3 percent it grew from 2011 to 2015. The report cited rising demand for software and business process outsourcing services (BPO), along with cloud services, and software and BPO services from manufacturing, automobile, retail and professional services companies.

However, the Americas represent the largest IT services market share in the world (39.4 percent), at $359 billion. TBRC cited high internet penetration and access to smartphone devices as key reasons.