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Research and Markets: The Global IT Service Market to Grow At A CAGR Of 5.04 Percent over the Period 2011-2015

Research and Markets (http://www.researchandmarkets.com/research/f9b6cc/global_it) has announced the addition of the "Global IT Services Market 2011-2015" report to their offering.

One of the key factors contributing to this market growth is the emerging outsourcing destinations. The Global IT Service Market has also been witnessing an increasing adoption of cloud services. Moreover, unstable global economic recovery could pose a challenge to the growth of this market.

TechNavio's report, the Global IT Service Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global IT Service Market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this market space include Accenture plc, Fujitsu Ltd., HP Co., and IBM Corp.

Other vendors mentioned in the report: Computer Sciences Corp., Lockheed Martin Corp., Xerox Corp., NTT Data Corp., NEC Corp., Capgemini S.A., Atos S.A., BT Global Services, Hitachi Ltd., Indra Sistemas S.A., Infosys Technologies Ltd., LogicaCMG plc, and SAP AG.

Commenting on the report, an analyst from TechNavio's IT Services team said: ''One of the major trends in the market is the increasing adoption of cloud services. As a result of the increasing awareness among customers about its advantages, service providers are increasingly looking at developing capabilities in cloud computing.''

According to the report, the APAC region is considered to be an outsourcing hub because of the presence of key outsourcing countries in the region. Countries such as India, China, Australia, Malaysia, Philippines, and Vietnam are considered to be among the most important and most sought after outsourcing destinations.

Further, the report discusses that the shortage of talent and increasing attrition rate is a major concern for the growth of this market.

For more information visit http://www.researchandmarkets.com/research/f9b6cc/global_it

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