China is expected to lead the it services industry in the top five emerging nations, with a value of $29,878.4 million in 2022, followed by India and Brazil with expected values of $17,359.7 and $11,763.6 million, respectively.
Demand for advanced technological solutions and expert IT services across industries has contributed significantly towards the growth of IT industry in the emerging market. In its newly added report entitled, ‘IT Services Top 5 Emerging Markets Industry Guide 2013-2022’, Market Research Hub (MRH) provides crucial perspectives on the impact of recent market trends and development on the growth of the market.
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Digitization of businesses is encouraging service providers in the IT industry to formulate innovative solutions that can meet industry demands and attain end-user satisfaction. IT companies are utilizing new technological features such as IoT, AI, AR, VR, and Big Data amongst others to integrate digital models that would facilitate interconnectivity between digital and physical dimensions, enabling hassle free access and maintenance of data for end-users.
To achieve digitized transactions in real estate, there has been a surge in cryptocurrency adoption. Change in the financial operations of real estate industry has led IT service industry to provide dynamic solutions, allowing the industry to witness growth.
AlphaPoint, a crypto services provider introduced Regulated Asset Backed Token (RABT) framework that would ensure transparent and lawful real estate trade in the US. In this pursuit to introduce blockchain technology in real estate, AlphaPoint has collaborated with Muirfield Investment Partners, a real estate and equity firm.
Health and fitness monitoring apps are one of the latest innovations powered by the IT industry. With the aid of such apps, end users can monitor their fitness quotient and practice a healthy lifestyle.
Lifesum , MyFitnessPal, and LoseIt are some of the leading apps in the healthcare industry. Additionally, to improve customer feedback, IT service providers have come up with innovative AI enabled feedback platforms for the food industry.
The latest addition consists of chatbots such as Just Eat and Sous Chef.
To amplify functional output of recycling pertaining to consumer durables, Tomra Sorting Recycling has inaugurated its latest, Tomra Sharp Eye Technology powered by AI to boost the functioning of Tomra’s Autosort machine used to separate PET bottles and trays. These innovations aim to minimize the hassles associated with sorting and enhance end user experience.
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IT Services Industry in Top 5 Emerging Markets: Report Components
Insights encapsulated in the report gives a comprehensive overview of the industry and critically compiles vital components that can have durable influence on the scope of growth of the industry. The report offers an in-depth understanding about the market definition and elements that enlightens the readers about the key parameters that impact the market growth.
Also, the report offers vital deductions on the current developments and trends that are driving the market, along with identifying the factors that influence customer’s purchase journey. Readers can use these information and hone their analysis in order to formulate advantageous investment strategy.
IT Services Industry in Top 5 Emerging Markets: Key Outcomes
Important inferences presented in the report offers a detailed description of the marketing strategies that are being applied by key players across the industry. Critical understanding highlighted in the report provides information related to the strategies adopted by major companies and their outcome on the expansion of the market.
On the basis of these insights, suppliers, investors and stakeholders can analyze the marketing strategies of the market players and implement informed investment decisions.
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