Global IT Consulting Market Size, Drivers, Trends, Opportunities And Strategies – Includes IT Consulting Market Report
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
Cloud computing use is likely to foster innovation in IT consulting manufacturing, propelling the market during the forecast period.
The global IT consulting market is expected to grow from $97.48 billion in 2022 to $107.35 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The global IT consulting market size is expected to reach $165.58 billion in 2027 at a CAGR of 11.4%.
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Global IT Consulting Market Segments Include:
- By Type: Operations Consulting, Security Consulting, Strategy Consulting
- By Enterprise Size: Large Enterprise, Small and Medium Enterprise
- By Application: Government, BFSI, Telecommunications, Manufacturing, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global IT consulting market in 2021.
Major Market Players in the IT consulting market include Accenture plc, PricewaterhouseCoopers, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Infosys Limited, Capgemini SE, The International Business Machines Corporation.
Technology advancements are a crucial trend that is gaining traction in the IT consulting market. Companies in the IT consulting market are embracing new technology in order to maintain their market position. For example, in May 2022, ServiceNow, a software firm based in the United States, announced the Procurement Service Management (PSM) solution, a technology to aid in the digitalization and self-service of sourcing chores in order to shorten delivery times and revolutionise procurement throughout the company. Procurement modernization is a major goal for businesses that want to digitally transform processes, reallocate personnel to more strategic roles, and boost supplier collaboration through more connected, interactive experiences.
The IT Consulting Global Market Report 2023 provides a IT consulting market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The IT consulting market forecast analyzes IT consulting market size, IT consulting 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.
IT consulting services assist firms in evaluating various technical initiatives and coordinating such approaches within their business or process goals. These services support customers’ IT endeavours by providing strategic, architectural, operational, and implementation planning.
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