Industry Analysis Of Technology Consulting Essay - 752 Words

Industry Analysis of Technology Consulting Outsourcing services: This Industry Analysis is on Technology Consulting and Outsourcing Services. Focusing on companies providing Global IT consulting services in this industry. This report will provide industry financial projections, competitors market capitalization, market share, and challenges. Industry Financial Projections: The Global IT consulting services are growing; this growth is occurring in the U.S and Worldwide market. â€Å"For 2016, CompTIA’s consensus forecast projects 4.9% global IT industry growth and 4.7% growth in the U.S. market. â€Å"(IT Industry Outlook, 2016) This represents a .2% growth difference. Showing the worldwide IT industry and U.S market’s growth are trending firmly. â€Å"According to the research consultancy IDC, the global information technology (IT) market surpassed $3.7 trillion in 2015 and is on track to reach $3.8 trillion in 2016 (constant currency). Covering revenue generated from hardware, software, IT services, and telecommunications. â€Å"(IT Industry Outlook, 2016). Showing an expected industry growth of 0.1 trillion increase. Industry Competitors and Market Capitalization: This chart attached below shows November 4, 2016; market capitalization results from Google Finance. Com. (Google finance) Google – Alphabet Inc., Microsoft Corporation, and Oracle have the top 3 Global IT Outsourcing Service Market Capitalization. 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