IT Services in Benelux - Market Analysis 2015-2019
Market scope of IT services in Benelux market
Technavios market research analysts predict that the IT services in Benelux market will be valued at nearly $25 billion by the end of 2019. The key growth drivers in this market are increase in adoption of cloud computing, and growing demand for enterprise mobility. The Netherlands, Belgium, and Luxembourg are likely to be the leading markets within the region.
The economic scenario in Europe has not completely recovered from the recession, and there is volatility in terms of investment and government spending. Many business leaders in the Benelux region are skeptical about the growth prospects of the IT market and are therefore reluctant to increase their IT spending. Most business leaders want to wait for the economic conditions to become stable before increasing their IT investments. Hence, economic instability is a major challenge hindering the growth of the IT and related services market in Benelux.
Competitive landscape and leading companies in IT services in Benelux market
The IT Services in Benelux market is highly fragmented due to the presence of several large multinational companies and small local players. The competition in this market is likely to intensify as several large players are entering this market. Further, the increase in number of players in the market depends on the quality of services such as consulting, development and integration, and other support services they offer. Vendors can increase profitability by implementing innovative and cost-effective cloud-based solutions such as SaaS, PaaS, and IaaS to deliver better service.
The leading companies in the IT services in Benelux market are:
Accenture Atos Capgemini CGI IBM Ordina TCS The other prominent vendors in the market include:
Apple Cegeka Cisco Citrix Cognizant CSC Dell EMC Fujitsu Google HCL HP Infosys Microsoft Sungard Wipro Segmentation of IT services in Benelux market by service line
Outsourcing Project-oriented Services Support Services The outsourcing segment is the largest in IT Services in BeNeLux and accounted for 40%-50% of market share in 2014. It comprises offshore outsourcing services, application management, and IT infrastructure services among others.
Service providers are increasingly focusing on building reusable and scalable service delivery platforms. In addition, they are offering automation with the support of new IT services that are expected to take less time in integrating data from any internal or external source.
Key questions answered in the report include
What will the market size and the growth rate be in 2019 What are the key factors driving the IT services in BeNeLux market What are the key market trends impacting the growth of the IT services in BeNeLux market What are the challenges to market growth Who are the key vendors in the IT services in BeNeLux market What are the market opportunities and threats faced by the vendors in the IT services in BeNeLux market What are the key outcomes of the five forces analysis of the IT services in BeNeLux market Related reports
Global IT Spending by Investment Banks- Market Research 2015-2019 IT Services Market in Nordic 2015-2019 Global IT Spending by Cab Aggregators: Market Research Report 2015-2019 Global IT Spending in Remote Healthcare Delivery Market 2015-2019- Market Research Global IT Spending by Audit Firms 2015-2019
Technavio Announces the Publication of its Research Report IT Services in BeNeLux 2015-2019 Technavio recognizes the following companies as the key players in the IT Services in BeNeLux: Accenture, Atos, Capgemini, CGI, IBM, Ordina and TCS Other Prominent Vendors in the market are: Apple, Cegeka, Cisco, Citrix, Cognizant, CSC, Dell, EMC, Fujitsu, Google, HCL, HP, Infosys, Microsoft, Sungard and Wipro Commenting on the report, an analyst from Technavios team said: Organizations are improving their workplaces and increasing profitability by using different e-business software systems, such as enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM), and sales force automation (SFA). These systems help organizations in the effective maintenance of business workflow and help manage enterprise-wide resources. Thus, there has been an exponential increase in data related to customers, operations, suppliers, and other stakeholders with the increase in adoption of these systems. According to the report, enterprise mobility refers to employees working out of the office using mobile devices (smartphones and tablets) and cloud services. It also refers to the mobility of the enterprise data. For instance, an employee can upload a business presentation to a cloud from his PC and access it using an iPad at a client location. Enterprise mobility helps improve employee productivity as employees are constantly connected and even work during off-hours from remote locations. Further, the report states that reducing the total cost of ownership and operations is the prime goal and decision-making factor for organizations in adopting technology. IT adoption helps organizations expand their businesses and reduce their operational costs.