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Many firms have acknowledged the necessity for digital adoption in their commercial activities, which has been accelerated by the COVID-19 pandemic (e.g., remote work support, software support, and data security). More businesses are likely to use outside assistance to adopt new technological solutions quickly, effectively, and creatively.

Worldwide IT spending is projected to total $4.6 trillion in 2023, an increase of 5.1% from 2022, according to the latest forecast by Gartner, Inc. The demand for IT in 2023 is expected to be very strong as  enterprises push forward with digital business initiatives in response to economic turmoil.

The public cloud market is expected to experience significant growth in the coming years. According to research from market intelligence firm IDC, the worldwide public cloud services market is forecast to grow 17.5% in 2022 to reach $304.9 billion, up from $257.5 billion in 2021. On a longer term basis, revenue is expected to show an annual growth rate (CAGR 2023-2027) of 13.81%, resulting in a market volume of $881.80 billion by 2027.

Executive Summary

• IT Services
– International Business Machines
Corporation
– Alphabet Inc.
– Cognizant Technology Solutions
Corporation
– Infosys Limited
– Tata Consultancy Services Limited
– SS&C Technologies Holdings, Inc.
– ZoomInfo Technologies Inc.
– Snowflake Inc.
– Hewlett Packard Enterprise Company
– DXC Technology Company
– TD SYNNEX Corporation
– Teradata Corporation
– EPAM Systems, Inc.
– Fidelity National Information Services,
Inc.
– CDW Corporation
– Accenture Plc

• Software-Application
– SAP SE
– Oracle Corporation
– DocuSign, Inc.
– Workday, Inc.
– Autodesk, Inc.
– Paycom Software, Inc.
– ServiceNow, Inc
– Microsoft Corporation
– Adobe Inc.

• Software-Infrastructure
– Dropbox, Inc.
– Akamai Technologies, Inc
– UiPath Inc.
– Cloudflare, Inc.
– VeriSign, Inc.
– Amdocs Limited
– Okta, Inc.
– Hewlett Packard Enterprise Company
– DXC Technology Company
– TD SYNNEX Corporation
– Teradata Corporation
– EPAM Systems, Inc.
– Fidelity National Information Services,
Inc.
– CDW Corporation
– Accenture Plc
– Intuit Inc.
– RingCentral Inc.
– Pegasystems Inc.
– Tyler Technologies, Inc.
– HubSpot, Inc.
– Fair Isaac Corporation
– Unity Software Inc.
– Datadog, Inc.

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