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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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

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
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

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?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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It Consulting Services Market

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