Published: 17 January 2024
Digital technology and business services market will generate total revenue of $4.8 trillion from 2023 to 2027, growing at an expected CAGR of 11%. To grow, technology general managers must align cloud services with digital business offerings and create industry-specific, outcome-oriented offerings.
The digital technology and business services market is estimated to reach $473 billion in 2023 and $702 billion in 2027. This market is highly fragmented and increasingly requires industry expertise, business acumen and customer case studies that effectively show the delivery of business value outcomes.
The cloud IT services (CITS) market is expected to reach $305 billion in 2023 and grow to $456 billion in 2027. This market continues to be a revenue growth opportunity for service providers as it enables the technology side of digital business transformation for organizations.
The CITS market and the digital business services market together
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Analysts:
David Ackerman, Colleen Graham, Rene Buest, Katie Gove
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