Global IT Consulting Market Overview Covering Forecast Market Size And Growth Rate 2033 | Mindtree Ltd., Deloitte Touche Tohmatsu Limited, HP Inc., The International Business Machines Corporation

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The Business Research Company offers in-depth market insights through IT Consulting Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The IT consulting market size has grown strongly in recent years. It will grow from $104.88 billion in 2023 to $114.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to globalization, cybersecurity concerns, regulatory changes, legacy system upgrades, strategic mergers and acquisitions.

The IT consulting market size is expected to see rapid growth in the next few years. It will grow to $183.99 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to increased focus on sustainability, remote work and collaboration, AI and automation integration, data governance and privacy, agile and adaptive strategies. Major trends in the forecast period include rapid digitization, emerging technologies, digital transformation, technological advancements, cybersecurity emphasis.

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Market Segmentation:
The IT consulting market covered in this report is segmented -

1) By Type: Operations Consulting, Security Consulting, Strategy Consulting
2) By Enterprise Size: Large Enterprise, Small and Medium Enterprise
3) By Application: Government, BFSI, Telecommunications, Manufacturing, Other Applications

Major Driver - Cloud Computing Surge Ignites IT Consulting Market Growth
The growing adoption of cloud computing is expected to propel the growth of the IT consulting market going forward. 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. For instance, in January 2023, according to the 2022 State of DevOps Report published by Google, a US-based technology company, in 2022, 26% of users reported using numerous public clouds, up from 21% in 2021. The utilization of hybrid clouds increased from 25% to 42.5%. Additionally, in December 2021, according to statistics published by Eurostat, in 2021, 41% of EU enterprises adopted cloud computing. Therefore, the growing adoption of cloud computing is driving the growth of the IT consulting market.

Competitive Landscape:
Major companies operating in the IT consulting market report are Mindtree Ltd., Deloitte Touche Tohmatsu Limited, HP Inc., The International Business Machines Corporation, PricewaterhouseCoopers Pvt Ltd., Ernst & Young Global Limited, Fujitsu Limited, Tata Consultancy Services Limited, NEC Corporation, Capgemini SE, NTT Data Corporation, Cognizant, Infosys Limited, DXC Technology Company, Atos SE, Boston Consulting Group Inc., McKinsey & Company, CGI Inc., Tech Mahindra, Hexagon AB, EPAM Systems Inc., Bain & Company, Capita plc, Virtusa Corporation, Rackspace Technology Inc., Wipro Limited, Pegasystems Inc., Nihilent Ltd., HCL Technologies Limited, Booz Allen Hamilton Holding Corporation, Gartner Inc., Hexaware Technologies Pvt Ltd., NCC Group

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Top Trend - Digital Transformation Capabilities Enhanced Operational Efficiency In The IT Consulting Market
Major companies operating in the IT consulting market are focusing on advanced solutions such as enterprise resource planning (ERP) solutions to achieve operational efficiency, streamline processes, and gain a competitive edge in their respective industries. Enterprise Resource Planning (ERP) solutions are integrated software systems designed to manage and streamline core business processes, including accounting, inventory, human resources, and more, within an organization. For instance, in August 2023, FORVIS, a US-based public accounting and consulting firm, launched a NetSuite Technology Consulting practice, marking a strategic move to reinforce the company's dedication to aiding clients in navigating through digital transformation complexities. NetSuite's advanced cloud-based ERP modules aim to assist organizations in optimizing processes, unifying departmental data, and obtaining immediate insights into both financial and operational performance. Globally, over 36,000 customers utilize NetSuite modules encompassing finance or ERP, inventory management, process automation, and omnichannel services.

The Table Of Content For The Market Report 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
…..
27. IT Consulting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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