- The key vendors in the Global Hardware and Software Support Services Market 2015-2019 are Hewlett-Packard Co. (HP), International Business Machines Corp. (IBM), Oracle Corp. and SAP AG.
London, 24 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Hardware and Software Support Services Market 2015-2019. The sustainability of IT is one of the major trends upcoming. Vendors are focusing on creating solutions that support IT to create a balanced ecosystem worldwide. Because disposal of hardware involves specialized safety methods, the discarding of hazardous chemicals and materials offers opportunities for service providers to add new offerings in this sector. The Global Hardware and Software Support Services market is expected to grow at a CAGR of 3.80 percent during the period 2014-2019.
The existence of small and medium enterprises across the globe and the augmented implementation of IT initiatives are helping the Global Hardware and Software Support Services market sustain its growth and progress. At present, intense competition is witnessed among IT support service providers because vendors are upgrading their product offerings to retain their market share. The market is expected to experience robust growth during the forecast period because of the continuous advances in the IT sector.
“IT firms help in shaping and integrating various processes of an organization by optimizing and automating these processes and provide high-quality support services to ensure a continuous workflow,” says Faisal Ghaus, Vice President of TechNavio Research.
“Organizations are automating their processes to concentrate on their core competencies and to gain a competitive edge in the market.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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