Press release
IT Consulting Market 2023 - By Size, Share, Trends, Growth And Global Outlook To 2032
IT Consulting Market
The Business Research Company's IT Consulting Global Market Report 2023 identifies growing adoption of cloud computing as the major driver for the IT Consulting market's growth in the forecast period. Cloud computing is a platform that combines computation, storage, and network infrastructure to enable rapid application creation and dynamic scaling. Users of cloud computing technology can access storage, data, apps, and servers via internet-connected PCs, smartphones, tablets, and wearables. Cloud computing services process and store data away from end users.
The global IT consulting market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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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Major competitors in the IT Consulting market are PricewaterhouseCoopers, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, Infosys Limited.
A key trend in the IT Consulting market includes technology innovations. Companies operating in the IT consulting market are adopting new technologies to sustain their position in the market. For instance, in May 2022, ServiceNow, a US-based software company, introduced the Procurement Service Management (PSM) solution, a technology to aid in the digitization and self-service of sourcing tasks to speed up delivery times and revolutionize procurement across the company. Procurement modernization is a critical priority for firms looking to digitally transform processes, reallocate workers to more strategic duties, and improve supplier collaboration with more connected, interactive experiences.
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The IT Consulting market is segmented -
• 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: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the IT Consulting market.
The Business Research Company's "Global IT Consulting Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The IT Consulting Market Include:
1. Executive Summary
2. IT Consulting Market Characteristics
3. IT Consulting Market Trends And Strategies
4. IT Consulting Market - Macro Economic Scenario
5. IT Consulting Market Size And Growth
………………………………..
26. Africa IT Consulting Market
27. IT Consulting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IT Consulting Market
29. IT Consulting Market Future Outlook and Potential Analysis
30. Appendix
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