Market Share of North America IT Services Industry
The North America IT services market is highly competitive and consists of major players such as IBM, Microsoft Corporation, TCS Limited, Accenture PLC, and Wipro Limited. Some of the players currently dominate the market in terms of market share. However, with the advancement in IT consultancy services, new players are increasing their market presence, thereby expanding their business footprint across emerging economies.
Wipro signed an agreement to acquire a US-based company known as LeanSwift Solutions in March 2022. The acquisition is to invest and expand its cloud transformation business through Wipro FullStride Cloud Services.
Shortly after, in May 2022, SAP expanded its partnership with IBM to transform business operations. The expanded partnership will also help improve decision-making supported by AI and automated workflows. Once the transformation is completed, IBM's revenue of USD 58 billion will flow through the SAP software. This expanded partnership will allow IBM to accelerate its cloud business transformation and fuel future growth.
North America IT Services Market Leaders
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IBM
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Microsoft Corporation
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TCS Limited
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Accenture PLC
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Wipro Limited
*Disclaimer: Major Players sorted in no particular order
