Application Development Constitutes the Largest Proportion (18%) of the Overall IT Service Market

Date: 2015-08-20

Kable forecasts the global IT Service market to grow at a CAGR of 4.9% from 2014 to 2018. 

The Insurance industry is expected to witness the fastest growth in IT Service spending, with this market growing at a CAGR of 7.9% from 2014 to 2018.  

Application Development which currently constitutes the largest proportion (18%) of the overall IT Service market is forecasted to reach $138.9 billion by 2018.

Large Enterprises’ spend on IT Service is forecasted to reach $483 billion by 2018.

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