Friday, 24 March, 2023

Global IT, business services market to rise by 5.6% in 2022

<p>The global IT and business services industry is predicted to rise by 5.6% in 2022, up 160 basis points from the estimate for 2021. The market will grow at a rate of 4-5% over the next few years, representing an annual rise of 40 to 80 basis points, bringing the market&#39;s long-term growth rate to 4.6%. Asia-Pacific&#39;s growth prospects improved by 0.9 percentage points in 2022, mostly due to China and other developed Asian markets like Australia, Japan, Singapore and South Korea.</p>