IT Industry Business Outlook and Procurement Report May-October 2016 Published on – 21 July, 2016 | Number of pages : 44 Single User Price: $1950 The research methodology used to estimate and IT Industry Market begins with capturing data on key vendor revenue through the secondary research.
Summary of the Report: The IT (Information Technology) is rapidly growing business which has many investors and companies investing huge capital expenditure. The increasing use of computers and improving networks is influencing the growth of the IT sector. There is high scope for the development in the IT Industry in the upcoming years.
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Topics Covered in this report : Key Findings of the IT Industry: The IT business outlook and procurement report suggests that the top three key priorities including expansion in current markets, improving operational efficiency and new product development. Developed markets such as the US, the UK, and Germany are identified as important regions for growth over the next six months for IT Industry. New product development, and research and development will record a significant increase in capital expenditure over the next six months. It is expected that the procurement activities for IT services and technology and license purchases to increase during May-October 2016. In the IT Industry, It is estimated that the 71% indicate the acceptance of eprocurement within their organizations at various stages of procurement process.
Scope and Regional Forecast for the IT Industry: North America is high growing region in IT industry due to the huge influence of the information technology, its services and communication sector in this region. The US is one of the high investor in the information technology sector to develop the technology services and communication. The Europe invests high revenue for the development of IT Industry in the region. The IT investment is expected to rise in the upcoming years due to the support of developed countries and IT companies in the region. Asia Pacific is the high potential region with constant activities in the region. The IT Industry activities are high in this region and many developed countries such as South Korea, Japan and others highly invests for growth along with emerging economies such as India and China. Cloud services are expected to be helpful for the growth of the IT. Capital expenditure for IT development is growing at a fast pace.
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Some of the key players in the IT Industry globally are as follows: • Apple Inc. • Samsung Electronics • Foxconn • Amazon • HP Inc. + HPE The global IT Industry is a growing market with many countries across the globe actively involving for the development of their respective region. This market is expected to witness high growth due to the increasing expenditure of the countries for the technological development in the IT sector in the upcoming years.
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IT Industry Business Outlook and Procurement Report May-October 2016 A detailed qualitative analysis of the factors responsible for driving and restraining growth of the IT Industry Market and future opportunities are provided in the report.
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