Global Telecom IT Services Market 2016 Is to Grow at a CAGR of 23.6 % by 2022: Industry Research Report

Deerfield Beach, FL -- (SBWIRE) -- 04/29/2016 -- Global Telecom IT services market is estimated to be $80.3 billion in 2015 growing at a CAGR of 23.6% is poised to reach $353.9 billion by 2022. Growing need to stay competent and increasing financial pressures faced by the telecom operators are the key factors driving the telecom IT services market. Huge capital costs needed for IT services and frequently varying government regulations are restraining the market.