IT Spending Market By Audit Firms Market to record 8.23% Y-O-Y Growth Rate in 2021| Apple Inc - One of the Leading Company offers Advanced IT Software, iCloud | Technavio

• Total Pages: 120
• Companies: 10+ – Including Accenture Plc, Apple Inc., Capgemini SE, Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., and SAP SE among others.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
• Segments: Type (IT services, IT software, and IT hardware)
• Geography: North America, Europe, APAC, South America, and MEA

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According to the recent market study by Technavio, the IT Spending Market is expected to increase by USD 3.14 billion from 2020 to 2025, with an accelerated CAGR of 8.52%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets. 35% of the market's growth will originate from North America during the forecast period. 

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Vendor Insights with Key offerings-

The IT Spending Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.

Accenture Plc - The company offers software and platforms, such as Powering the platform future.

Apple Inc. -The company offers advanced IT software, such as iCloud and others.

Capgemini SE -  The company offers software for cloud services, such as Cloud Strategy.

Find additional highlights on the vendors and their product offerings. Download Free Sample Report

Regional Market Outlook

The IT Spending Market share growth in North America will be significant during the forecast period. The US and Canada are the key markets for the IT spending market by audit firms in North America. 

Countries such as the US and Canada have strict laws and regulations. This demands the presence of organizations that issue security to the public. This is compelling organizations to produce financial statements that comply with the generally accepted accounting standards, which will facilitate the IT spending market by audit firms growth in North America over the forecast period

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Challenge

• IT Spending Market Driver:
•  Increasing adoption of audit management services:

Many audit firms are adopting audit management software with advanced features such as time-tracking, built-in remediation workflows, and risk assessment methodologies. Cloud-based audit management software is becoming increasingly popular among audit firms due to various benefits such as the low up-front cost of ownership, flexible payment options, and the lack of maintenance overhead costs. Audit firms are investing in adopting audit management software and services, which will support the growth of the global IT spending by audit firms market.

• IT Spending Market  Challenge:
• Data Security Concerns:

 Factors such as data security concerns may impede the market growth. The holistic analysis of the challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Find additional information about various other market Drivers & Challenges mentioned in our FREE sample report.

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SOURCE Technavio