Market Share of IT Services Industry
The IT services market, characterized by intense competition, is primarily led by a wide range of market players. While these players currently hold significant market shares, the landscape is shifting. The rise of advanced IT consultancy services is empowering new entrants, enabling them to bolster their positions, particularly in emerging economies.
- May 2024: CrowdStrike and Tata Consultancy Services (TCS) signed a strategic partnership to power TCS’ extended managed detection and response (XMDR) services with the AI-native CrowdStrike Falcon XDR platform. This partnership enables TCS to leverage the comprehensive security features of the Falcon platform. This includes cloud security and next-gen SIEM, facilitating an AI-driven transformation of their SOC to enhance breach prevention.
- July 2023: Windstream Enterprise, an IT-managed service provider, launched a new portfolio of IT Managed Services powered by ATSG, providing enterprise customers access to an entire range of turnkey services to control and power their virtual workspace, digital infrastructure, and cybersecurity needs.
IT Services Market Leaders
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IBM Corporation
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Hewlett Packard Enterprise Company
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Fujitsu Ltd.
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Toshiba Corporation
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Microsoft Corporation
*Disclaimer: Major Players sorted in no particular order
