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(Wireless-NewsWire.Com, July 29, 2017 ) Publisher's market research analysts predict that the IT services in Benelux market will be valued at nearly $25 billion by the end of 2019. The key growth drivers in this market are increase in adoption of cloud computing, and growing demand for enterprise mobility. The Netherlands, Belgium, and Luxembourg are likely to be the leading markets within the region.
The economic scenario in Europe has not completely recovered from the recession, and there is volatility in terms of investment and government spending. Many business leaders in the Benelux region are skeptical about the growth prospects of the IT market and are therefore reluctant to increase their IT spending. Most business leaders want to wait for the economic conditions to become stable before increasing their IT investments. Hence, economic instability is a major challenge hindering the growth of the IT and related services market in Benelux.
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Competitive landscape and leading companies in IT services in Benelux market
The IT Services in Benelux market is highly fragmented due to the presence of several large multinational companies and small local players. The competition in this market is likely to intensify as several large players are entering this market. Further, the increase in number of players in the market depends on the quality of services such as consulting, development and integration, and other support services they offer. Vendors can increase profitability by implementing innovative and cost-effective cloud-based solutions such as SaaS, PaaS, and IaaS to deliver better service.
The leading companies in the IT services in Benelux market are:
- Accenture
- Atos
- Capgemini
- CGI
- IBM
- Ordina
- TCS
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The other prominent vendors in the market include:
- Apple
- Cegeka
- Cisco
- Citrix
- Cognizant
- CSC
- Dell
- EMC
- Fujitsu
- Google
- HCL
- HP
- Infosys
- Microsoft
- Sungard
- Wipro
Segmentation of IT services in Benelux market by service line
- Outsourcing
- Project-oriented Services
- Support Services
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