The Latest research study released by Absolute Markets Insights IT Outsourcing Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. In terms of revenue, the Switzerland IT outsourcing market was valued at US$ 4341.3 Mn in 2022 growing at a CAGR of 8.5% over the forecast period (2022 – 2030). Some of the Major Companies covered in this Research are: Accenture, Amadeus IT Group SA, Atos SE, Capgemini, CGI Inc, Cognizant, GDSiT, IBM Corporation, Infosys Limited, SPIE ICS, Tata Consultancy Services Limited, Wipro Limited, Other Market Participants

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Switzerland IT Outsourcing Market

By Service Type

• Managed Services
• Professional Services

By Organization Size

• Small and Medium Enterprises
• Large Enterprises

By End-Users

• Education and Training
• Government
• Banking, Financial Services and Insurance
• Healthcare and Pharmaceutical
• IT and Telecommunication
• Media and Entertainment
• Retail and Consumer Goods
• Travel and Hospitality
• Energy and Utilities
• Transportation and Logistics
• Others

By Application

• Software Development and Testing
• Cybersecurity
• Cloud Migration/Management
  • Private Cloud
  • Public Cloud
  • Hybrid Cloud
• Data Analytics/Business Intelligence
• Digital Transformation/Workplace Modernization (Including Adoption of IoT, Artificial Intelligence, Blockchain, Etc.)
• Network Management
• Unified Communication & Collaboration
• Technical Support/Helpdesk
• Others

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The growth of the internet, smart devices and computers in the last two decades has presented numerous growth opportunities for businesses across the globe. IT outsourcing refers to the practice of hiring IT experts for digitization-related tasks in a company, namely, website development, server handling, and network management amongst others. The adoption of IT can be seen across several industries such as banking, financial services and insurance, education and training, healthcare and pharmaceutical, etc., in Switzerland. The rising demand for the development of web application and mobile applications amongst businesses, coupled with the reduced costs of outsourcing IT-related tasks to third-party companies, is a major reason for the growth of the Switzerland IT outsourcing market.

The COVID-19 pandemic has resulted in heavy revenue losses in many industries, especially oil and gas, travel and hospitality, manufacturing, amongst others. The COVID-19 crisis has also lead to a dramatic shift in businesses approaches in the last couple of years. Numerous government bodies had imposed travel restrictions and lockdowns, and social distancing norms to curb the spread of the Coronavirus. As a result of these measures, companies were forced to work remotely, and there was a rapid adoption of digitization initiatives amongst businesses in Switzerland. The growth in digitization positively impacted the IT outsourcing market, as the companies are relying on third-party IT outsourcing companies for transformation of their legacy systems. Companies are increasingly moving to cloud-based operations, as it offers more flexibility and reliability in terms of security, and cloud mitigation services are growing in adoption in Switzerland. Government bodies in Switzerland are also moving into the digital sphere due to the pandemic. The growth in number of projects for outsourcing companies during the pandemic is proving to be a positive sign for the Switzerland IT outsourcing market.

IT Outsourcing Market Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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