Other IT Services - North America

North America

The Other IT Services market in North America is expected to experience substantial growth in the coming years.
According to projections, the market's revenue is set to reach a staggering US$164.90bn by 2024.
This growth is expected to continue at an annual rate of 2.80%, resulting in a market volume of US$189.30bn by 2029.
In terms of spending, the average Spend per Employee in the Other IT Services market is projected to reach US$0.65k in 2024.
This indicates a significant investment in the sector, highlighting its importance in driving technological advancements and innovation.
When comparing the Other IT Services market globally, United States stands out as the leading revenue generator.
In 2024, it is estimated that United States will contribute a substantial US$151.10bn to the market's revenue.
This demonstrates the country's dominance in the IT services sector and its position as a key player in the global market.
As the Other IT Services market continues to grow, in North America, particularly United States, will play a crucial role in shaping its trajectory and driving its expansion.
The region's strong technological infrastructure, skilled workforce, and robust investment in innovation position it as a major player in the global IT services industry.
In North America, the Other IT Services market is experiencing a surge in demand for cybersecurity solutions.

Key regions: China, United Kingdom, Germany, Netherlands, India

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Currency

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.