Global Service Delivery Market Analysis By Service Type (IT services, Consulting services, Logistics services, Healthcare services, Financial services), By Industry Vertical (Healthcare, Retail, Manufacturing, Technology, Finance, Education, Many others), By Customer Size (Small and medium-sized enterprises (SMEs), Large enterprises, Government organizations) & Forecast
- PUBLISHED ON
- 06/08/2023
- NO OF PAGES
- 286
- CATEGORY
- Information Communication & Technology
The service delivery market is estimated to grow from USD 2.86 Billion in 2022 to USD 7.61 Billion by 2033, growing at a CAGR of 28.2%.
The global Service Delivery market allows businesses and consumers to access specialized expertise and skills that may not be available locally. Service providers from around the world offer their knowledge, experience, and solutions, enabling clients to tap into a broader pool of talent and resources. Service delivery provides businesses with the flexibility to scale their operations up or down based on demand. Whether it's expanding into new markets or quickly adapting to changing business needs, outsourcing services allows organizations to be agile and responsive, without the need for significant upfront investments or long-term commitments.
Service delivery providers often stay at the forefront of innovation and technology advancements. They continuously invest in research and development, keeping up with the latest trends and solutions. By partnering with service providers, businesses can leverage cutting-edge technologies, gain access to innovation ecosystems, and stay competitive in their respective industries.
Report Scope:
Report Attributes | Description |
Market forecast in 2022 | USD 2.86 Billion |
Market forecast in 2033 | USD 7.61 Billion |
CAGR% 2023-2033 | 28.2 % |
Base year | 2022 |
Historic data | 2020-2021 |
Forecast period | 2023-2033 |
Report USP | Product, End User, company share, company heat map, company capacity, technology, product capacity, growth factors and more |
Key Companies
| Accelerite; Accenture; AMDOCS Ltd; CA Technologies; Cisco Systems, Inc. ; Hewlett-Packard Development Company LP; Huawei Technologies Co, Ltd; IBM Corporation; Nokia Corporation; Oracle Corporation; Tata Consultancy Services Ltd; Telefonaktiebolaget LM Ericsson; Others
|
Global Service Delivery Market: Key Trends
• Digital Transformation: The ongoing trend of digital transformation continues to have a significant impact on service delivery. Companies are adopting advanced technologies such as artificial intelligence (AI), machine learning (ML), automation, and cloud computing to streamline operations, enhance efficiency, and improve customer experiences.
• Personalization and Customer Experience: Customers now expect personalized experiences and tailored services. Service providers are investing in data analytics, customer relationship management (CRM) systems, and customer-centric strategies to understand individual preferences and deliver customized solutions.
• Subscription-based Models: Subscription-based service models, often referred to as "as-a-Service" or "XaaS," are gaining popularity. This includes Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS), among others. These models offer flexibility, scalability, and cost-effectiveness for both businesses and consumers.
Global Service Delivery Market: Regional analysis
North America: North America, particularly the United States, is a prominent region in the Service Delivery market. It has a mature market with a high adoption of advanced technologies and digital solutions. The region is known for its innovative service providers, strong IT infrastructure, and a diverse range of industries driving service delivery growth.
Europe: Europe is another significant region in the Service Delivery market. Countries like the United Kingdom, Germany, France, and the Nordic countries have a well-developed service sector and a strong emphasis on digital transformation. Europe has a highly competitive market with a focus on service quality, customer experience, and regulatory compliance.
Asia-Pacific: The Asia-Pacific region is witnessing rapid growth in the Service Delivery market. Countries such as China, India, Japan, and South Korea are major contributors to this growth. The region is characterized by a large consumer base, expanding digital infrastructure, and a rising demand for technology-enabled services. Service providers in this region often cater to both domestic and international markets.
Middle East and Africa: The Middle East and Africa region exhibit a mix of developed and developing markets in the Service Delivery sector. Countries such as the United Arab Emirates, Saudi Arabia, and South Africa are key contributors to service delivery growth. The region showcases potential in sectors like healthcare, logistics, IT services, and government initiatives to promote digital transformation.
Global Service Delivery Market: Segmentation
Service Type:
• IT services
• Consulting services
• Logistics services
• Healthcare services
• Financial services
Industry Vertical:
• Healthcare
• Retail
• Manufacturing
• Technology
• Finance
• Education
• Many others
Customer Size:
• Small and medium-sized enterprises (SMEs)
• Large enterprises
• Government organizations.
Global Service Delivery Market Recent Development
• December 2022: Tech Mahindra unveiled Cloud BlazeTech, a versatile platform aimed at helping businesses achieve a 25% to 30% cost reduction and streamline migration time by at least 30%.
• September 2022: Stryker introduced the Pulse Intelligent Delivery Platform, a comprehensive product and fulfillment service tailored specifically for ambulatory surgical centers performing high-volume foot and ankle surgeries.
Global Service Delivery Market: Impact of covid-19
Digital Transformation Acceleration: The pandemic has expedited the adoption of digital technologies and remote service delivery models. Companies have had to quickly shift to virtual platforms and digital channels to continue delivering services while adhering to social distancing measures. This has led to increased investment in digital infrastructure, cloud computing, and collaboration tools.
Increased Demand for Remote Services: With lockdowns and travel restrictions in place, the demand for remote services has surged. Industries such as telemedicine, online education, e-commerce, and remote IT support have experienced a rapid increase in demand as people sought alternatives to traditional in-person services.
Disruption of Traditional Service Channels: Many industries heavily reliant on in-person interactions, such as hospitality, travel, events, and retail, faced significant disruptions. Service providers had to adapt by finding innovative ways to deliver services while minimizing physical contact or by diversifying their offerings to include digital solutions.
Global Service Delivery Market: Company Profiles
• Accelerite
• Accenture
• AMDOCS Ltd.
• CA Technologies
• Cisco Systems, Inc.
• Hewlett-Packard Development Company LP
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Nokia Corporation
• Oracle Corporation
• Tata Consultancy Services Ltd.
• Telefonaktiebolaget LM Ericsson
• Others
Global Service Delivery Market: Regional Scope
North America
• U.S
• Canada
• Mexico
Europe
• U.K
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• Chain
• India
• Japan
• South Korea
• Australia
• Rest of Asia pacific
South America
• Brazil
• Argentina
• Rest of south America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
Why to buy this Report?
• Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.
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• Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
• Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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