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Global IT Spending Market by Audit Firms 2018-2022

Global IT Spending Market by Audit Firms 2018-2022

About IT Spending

IT can be defined as an integrated platform, consisting of hardware, software, and services. IT enables the smooth flow of information in an organization by managing IT-related services, software, and solutions and by integrating and streamlining them within the firm. IT is required to develop a secure cyber environment, maintain a uniform flow of information, and increase the revenue generation of an organization over an extended period. It also helps organizations to align their business processes with various technologies and improve overall efficiency.

Technavio’s analysts forecast the global IT spending market by audit firms to grow at a CAGR of 5.15% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global IT spending market by audit firms for 2018-2022. To calculate the market size, the report considers the revenue generated from the spending on hardware such as computer peripherals, storages, servers, and networking equipment and spending on software such as system software, application software, and programming software.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global IT Spending Market by Audit Firms 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cisco
  • Dell
  • IBM
  • Microsoft
Other prominent vendors
  • Accenture
  • AuditDashboard
  • Apple
  • Capegemini
  • Cisco
  • Cognizant
  • Fujitsu
  • HCL Technologies
  • HP
  • Infosys
  • IVDesk
  • LockPath
  • NTT Data
  • Oracle
  • Right Networks
  • Samsung
  • SAP
  • TCS
  • 360factors
Market driver
  • Increased application of bi software in auditing firms
  • For a full, detailed list, view our report
Market trend
  • The adoption of cloud-based IT infrastructure
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global IT Spending Market by Audit Firms 2018-2022

Technavio recognizes the following companies as the key players in the global IT spending market by audit firms: Cisco, Dell, IBM, and Microsoft.

Other Prominent Vendors in the market are: Accenture, AuditDashboard, Apple, Capegemini, Cisco, Cognizant, Fujitsu, HCL Technologies, HP, Infosys, IVDesk, LockPath, NTT Data, Oracle, Right Networks, Samsung, SAP, TCS, and 360factors.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the adoption of cloud-based IT infrastructure. Many audit firms are outsourcing their network maintenance and application updates to the cloud hosting companies such as Right Networks and IV Desk. Some of these auditing firms host their applications through accounting applications that are offered by various providers such as CCH (a Wolters Kluwer business). Such firms are also focusing on the maintenance of their own network environment with an internal IT personnel due to the rising security threat in the IT sector.”

According to the report, one of the major drivers for this market is increased application of BI software in auditing firms. A large number of auditing firms use BI software for accounting purposes because it helps them to turn raw data into useful information. BI software supports functions such as reporting, analytics, and data management. Auditing firms will continue to adopt this software for various functions such as revenue generation, financial visibility, fraud detection, financial risk avoidance, and achieving.

Companies Mentioned

Cisco, Dell, IBM, Microsoft, Accenture, AuditDashboard, Apple, Capegemini, Cisco, Cognizant, Fujitsu, HCL Technologies, HP, Infosys, IVDesk, LockPath, NTT Data, Oracle, Right Networks, Samsung, SAP, TCS, and 360factors.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global IT spending market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 ($ bn)
      • Table Global - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
      • Table Market condition - Five forces 2022
  • Market segmentation by product
    • Segmentation by product
      • Table Product - Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Services - Market size and forecast 2017-2022
      • Table Services - Market size and forecast 2017-2022 ($ bn)
      • Table Services - Year-over-year growth 2018-2022 (%)
    • Software - Market size and forecast 2017-2022
      • Table Software - Market size and forecast 2017-2022 ($ bn)
      • Table Software - Year-over-year growth 2018-2022 (%)
    • Hardware - Market size and forecast 2017-2022
      • Table Hardware - Market size and forecast 2017-2022 ($ bn)
      • Table Hardware - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ bn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
      • Table Top three countries in Americas
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ bn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top three countries in EMEA
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ bn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
      • Table Top three countries in APAC
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Adoption of cloud-based IT infrastructure
    • Adoption of big data analytics
    • Increased adoption of BYOD
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Cisco
      • Table Vendor overview
      • Table Cisco - Business segments
      • Table Cisco - Organizational developments
      • Table Cisco - Geographic focus
      • Table Cisco - Segment focus
      • Table Cisco - Key offerings
    • Dell
      • Table Vendor overview
      • Table Dell - Business segments
      • Table Dell - Organizational developments
      • Table Dell - Geographic focus
      • Table Dell - Segment focus
      • Table Dell - Key offerings
    • IBM
      • Table Vendor overview
      • Table IBM - Business segments
      • Table IBM - Organizational developments
      • Table IBM - Geographic focus
      • Table IBM - Segment focus
      • Table IBM - Key offerings
    • Microsoft
      • Table Vendor overview
      • Table Microsoft - Business segments
      • Table Microsoft - Organizational developments
      • Table Microsoft - Geographic focus
      • Table Microsoft - Key offerings
      • Table Microsoft - Segment focus
  • Appendix
    • List of abbreviations
  • Explore Technavio

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