NEW YORK, Jan. 20, 2022 /PRNewswire/ -- IT consulting and
other services mainly include consulting, systems integration, and
other services including information management and education and
training, according to the latest research report of "IT
Services Market in Nordic-Forecast and Analysis -
2021-2025."
In addition, IT consulting services help companies in the
implementation of IT strategies and IT-business alignment aiding
solutions to drive IT initiatives in business processes.
Key Home Furniture Market in the US Report
Highlights:
- Market growth 2020-2025: USD 6.36
billion
- Growth momentum & CAGR: Accelerate at a CAGR of 4.04%
- YoY growth (%): 3.85%
- Performing market contribution: Sweden at 36%
- Key consumer countries: Sweden, Denmark Norway, and Rest of
Nordic
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report? Reach out to our analysts and get this report can be
personalized according to your needs. Speak to an Analyst.
Regional Market Analysis
With 36% of the growth originating from Sweden, this economy will record a fast growth
rate from 2020 to 2025.
The traction in services such as system integration, information
management, and education and training are significantly boosting
the adoption of cloud-based deployments.
- The IT services market growth in Sweden is getting impacted positively due to
the strong presence and entrance of top market vendors such as
Accenture Plc, Microsoft Corp., and International Business Machines
(IBM).
In addition, the IT industry in the country includes companies
that mainly focus on the development of hardware, software, and
digital IT services (development of games, international music
streaming service, digitalization of financial services).
- Furthermore, the integration of cloud-based services,
automation solutions, and AI with operational activities is
resulting in the development of new intelligent IT services in
Sweden.
For Additional Information about the regional market:
Request for a free sample report.
Key Vendors and Vendor Strategies
Accenture Plc, Capgemini SE, CGI Inc., Dell Technologies Inc.,
DXC Technology Co., Eltel AB, Hewlett Packard Enterprise Co.,
International Business Machines Corp., Tata Consultancy Services
Ltd., and TIETOEVRY CORP. are few of the key vendors in the IT
services market in Nordic.
The vendors in the market are constantly investing in R&D to
advance their offerings and grow their customer base. Additionally,
vendors are focusing on expanding their presence in new
regions.
For instance:
- In March 2021, Accenture entered
into an agreement to acquire Cygni, a Sweden-based company, to enhance the
capabilities of the Accenture Cloud First and further improve IT
consulting services across the Nordic region.
- In July 2021, Capgemini SE
partnered with CONA Services LLC to develop digital solutions for
the consumer products industry.
Download our free sample report to get a brief
understanding about various other vendors and the vendors
strategies.
Key Market Drivers
Our analysts have extensively outlined the information on the
key market drivers and their impact on the IT services market.
- Increase in the adoption of edge computing:
-
- Owing to the rollout of 5G telecommunication networks, the
demand for edge computing is significantly rising in the Nordic
regions. Moreover, the introduction of advanced high-capacity
edge computing is expected to further drive the growth of IT
services in the region. As stated by IBM Corp. in Nordics, 5G
network will be accessible in all the major cities, and by 2023 all
the countries across the region are estimated to obtain almost 100%
nationwide 5G coverage. Thus, the implementation of 5G network will
enhance the adoption of edge computing resulting in improved
performance and data security, improved digital experience which in
turn is expected to drive the IT services market in the Nordic
region during the forecast period.
To know about a few other market drivers, trends, and
challenges.
Download our free sample report
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IT Services
Market Scope in Nordic Countries
|
Report
Coverage
|
Details
|
Page
number
|
120
|
Base year
|
2020
|
Forecast
period
|
2021-2025
|
Growth momentum &
CAGR
|
Accelerate at a CAGR
of 4.04%
|
Market growth
2021-2025
|
$ 6.36
billion
|
Market
structure
|
Fragmented
|
YoY growth
(%)
|
3.85
|
Regional
analysis
|
Nordic
Countries
|
Performing market
contribution
|
Sweden at
36%
|
Key consumer
countries
|
Sweden
|
Competitive
landscape
|
Leading companies,
CompetITive strategies, Consumer engagement scope
|
Key companies
profiled
|
Accenture Plc,
Capgemini SE, CGI Inc., Dell Technologies Inc., DXC Technology Co.,
Eltel AB, Hewlett Packard Enterprise Co., International Business
Machines Corp., Tata Consultancy Services Ltd., and TIETOEVRY
CORP.
|
Market
dynamics
|
Parent market
analysis, Market growth inducers and obstacles, Fast-growing and
slow-growing segment analysis, COVID-19 impact and recovery
analysis and future consumer dynamics, Market condITion analysis
for the forecast period
|
Customization
purview
|
If our report has not
included the data that you are looking for, you can reach out to
our analysts and get segments customized.
|
About Us
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Contact
Technavio Research
Jesse Maida
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US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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