Global Technology Advisory Market Size
Professional Services

Insights Into The Technology Advisory Market’s Growth Opportunities Through 2023-2032 – Includes Technology Advisory Market Size

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

The increasing requirement for simplifying business operating models and IT investment monitoring are expected to drive innovation in technology advisory manufacturing, thus driving the market during the forecast period.

 

The global technology advisory market is expected to grow from $154.47 billion in 2022 to $161.32 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The global technology advisory market size is expected to grow to $184.7 billion in 2027 at a CAGR of 3.4%.

 

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Global Technology Advisory Market Segments Include:

  • By Service: Application development, Cloud Services, Cybersecurity and Privacy, Data and Analytics, Technology Strategy and Enterprise Architechture, Other Services
  • By End Use: Banking, Financial Services, Healthcare, IT & telecom, Government, Other End Uses
  • By Enterprise Size: Large Enterprise, Small and Medium Enterprise
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global technology advisory market in 2021.

 

Major Market Players in the technology advisory market include Fujitsu Ltd., HCL Technologies Limited, Booz & Co., Infosys Limited, Dell Technologies Inc., KPMG, IBM Corporation, Tata Consultancy Services Limited.

 

Artificial Intelligence (AI) is a leading trend gaining traction in various business processes. AI is an amalgamation of different technologies that enables a machine to sense, understand, and act. AI helps businesses identify and solve business problems and drive measurable business value. AI helps in designing hardware infrastructure – on-premise or cloud-based, ingestion, and analysis of big data, and to enable flexibility of computing resources. For instance, in 2022, Tech Mahindra launched YANTR.AI, a cognitive artificial intelligence (AI) solution that automates and simplifies field services. With YANTR.AI, operational efficiency, productivity, and workflow control are enhanced by combining advanced analytics, artificial intelligence (AI), machine learning (ML), and optimisation with people, allowing field operations to be hyper-automated, thus increasing efficiency and customer satisfaction. With the improvement in AI technology with every passing day, it is gaining huge importance in data expertise, business processes, and workflow management.

 

The Technology Advisory Global Market Report 2023  provides a technology advisory market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The technology advisory market forecast analyzes technology advisory market size, technology advisory market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Technology advisory refers to services that offer advice on developing technology strategies, technology ideation and prototyping, designing digital consulting services, and cybersecurity enhancements. Technology advisory help to create an effective IT strategy, adjust operations to meet corporate objectives, invest in the appropriate technology and implement it, adopt the shifting IT landscape, keep up with the latest technology developments, enhance enterprise architecture, manage and improve IT expenses.

 

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