IT consulting services are a part of overall consulting services, comprising professional business computer consultancy and advisory services. Fundamentally, the IT consulting industry includes a four tier system: professional services firms, staffing firms, independent contractors, and information security consultants. IT consulting services provide expertise, experience, and industry intelligence to enterprises. IT consulting services help enterprises to better design, architect, optimize, and implement their security software, people, and processes. Business organizations wish to gain external objective advice and recommendations and access to the specialized expertise of consultants, attracting IT consulting firms. Moreover, the need to outsource IT services from specific companies is also positively impacting the global IT consulting services market. IT consulting services supports organizations decision to align their investment and technology strategies with their business or process strategies. The global IT consulting services market is anticipated to see significant growth over the forecast period 2018 – 2026.
Ongoing trends of simplification of business and operating models, and need for IT investment monitoring and management is expected to drive the global IT consulting market in the near future. The similar demand traction in IT consulting services is anticipated to be seen in the late forecast period as well. Furthermore, migration of traditional IT solutions to mobile computing solutions and IT infrastructure migration to cloud computing infrastructure are some of the significant drivers responsible for boom in the IT consultancy service market globally. However, security and reliability concerns are anticipated to slow down the growth of the IT consulting services market across the globe. Prospects of cloud infrastructure are expected to create lucrative market opportunities over 2016 – 2026.
The global IT consultancy services market is segmented based on type of service, application, and end use industry. The services type segment is classified as flyer optimization services, server assessment, workplace assessment, SAP system inspection, data protection assessment, and others. Based on application, the IT consulting services market is categorized as information protection, threat protection, web and cloud protection, and others. Threat protection segment is further cross segmented into data center threat protection and end point protection. The information protection segment is cross segmented into data loss prevention, authentication and encryption, and others. Others, a sub-segment of IT consulting services application segment includes advisory services, design services, implementation services, optimization services, and residency services. The end use industry segment is sub segmented as banking, financial services and insurance, healthcare, IT & telecom, government and others.
The global IT consulting services market based on geography, is divided into five regions which include North America, Europe, Asia Pacific, Middle East &Africa (MEA), and South America. The demographic analysis across the mentioned geographic regions is anticipated to show North America as the largest market share contributing geography. Moreover, Europe is expected to witness marginal growth with a significant compound annual growth rate (CAGR) over the forecast period. Asia Pacific and Middle East & Africa are expected to show steady growth in near future; however, the regions are anticipated to witness remarkable CAGR during 2022 – 2026. The global IT consulting services market, analysis across major counties of the above mentioned regions include the U.S., Canada, U.K., Germany, France, Italy, GCC countries, South Africa, and Brazil.
Companies operating in the global IT consultancy services market provide advanced and scalable services in domestic and international markets. Moreover, players in the market are investing in service based models driving the global market. Some of these major players include Fujitsu Ltd., HCL Technologies Limited, Hexaware Technologies Limited (HTL), Infosys Limited, Accenture plc, Ernst & Young (EY), KPMG, PricewaterhouseCoopers (PwC), Avanade, Cognizant Technology Solutions Corp, Gartner, Inc., Syntel Inc., IBM Corporation, Tata Consultancy Services Limited, and Deloitte Touche Tohmatsu Limited.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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