Market Overview:
The global IT professional services market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for cloud-based services, big data and analytics, and mobility solutions. Moreover, the growing trend of digital transformation is also fueling the growth of the IT professional services market. The project-oriented services segment is expected to hold the largest share of the global IT professional services market in 2018. This segment includes consulting, system integration, and deployment & operations support services. The consulting service helps organizations understand their business needs and recommends solutions that can help them meet these needs. System integration service provides end-to-end solution for integrating new or existing applications with other enterprise systems such as ERP or CRM systems.
Product Definition:
It professional services is a term used to describe the various consulting and technical support services provided by information technology (IT) professionals. IT professional services can help businesses manage and optimize their IT infrastructure, as well as provide advice on how to use new or existing technology to improve efficiency or competitiveness.
Project-oriented Services:
The global project-oriented services market size was valued at USD 4,65 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The industry has been witnessing tremendous growth owing to the increasing demand for outsourcing IT services by various organizations across the globe. These organizations are shifting their focus from in-house development projects to outsource them due to lack of expertise and time management skills among internal resources.
ITO Services:
ITO Services are used in the IT Professional Services market to provide value-added services to customers. It helps organizations enhance their business and operational efficiency by providing solutions that meet changing customer needs. The key use of ITO Services is in the delivery of professional services such as project management, application development & integration, system integration & consulting along with other technology-focused services.
Application Insights:
The marketing and communication companies segment dominated the global IT professional services market in 2017. The growth can be attributed to the increasing demand for digital technologies that offer enhanced customer experience. Moreover, a rise in demand for developing effective marketing strategies is also expected to contribute towards the segment growth over the forecast period. Technology companies are likely to dominate this application segment over the forecast period owing to their growing dependence on technology-enabled solutions and services across all aspects of business operations.
Consulting companies are anticipated to register a significant CAGR of XX% from 2018 to 2030 as they continue their efforts toward becoming digital businesses by leveraging cloud computing, big data analytics, social media platforms and mobile applications among others.
Regional Analysis:
North America dominated the global market in 2017. North America has been witnessing a steady rise in demand for professional services due to the growing number of technology companies and IT service providers. The region is expected to continue its dominance over the forecast period owing to factors such as increasing outsourcing activities, presence of several consulting firms, and rising demand for cloud-based solutions among small & medium enterprises (SMEs).
Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030. The growth can be attributed primarily to developing economies such as India, China, Japan, South Korea & Australia that are experiencing strong economic growth on account of rapid industrialization and urbanization coupled with favorable government policies aimed at promoting investments in various sectors including manufacturing industry; information technology; healthcare industry; etc.
Growth Factors:
- Increased demand for IT services due to the growth of digital businesses and the need for faster innovation.
- The increasing complexity of IT systems and networks, which leads to a greater demand for professional services that can manage and support these systems effectively.
- The globalization of business, which leads to an increased demand for localized IT services that can meet the specific needs of different regions or countries.
- The proliferation of new technologies, such as cloud computing, big data analytics, and mobile computing, which creates new opportunities for service providers to offer innovative solutions and services.
- The aging population in developed countries, which leads to an increase in healthcare spending on information technology solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
IT Professional Services Market Research Report
By Type
Project-oriented Services, ITO Services, IT Support and Training Services, Enterprise Cloud Computing Services
By Application
Technology Companies, Consulting Companies, Marketing & Communication Companies, Others
By Companies
Accenture PLC, Autotask Corporation, Capgemini SA, DXC Technology Company, Fujitsu Limited, Hewlett Packard Enterprise Development LP (H.P.E.), International Business Machines (IBM) Corporation, Microsoft Corporation, Oracle Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global IT Professional Services Market Report Segments:
The global IT Professional Services market is segmented on the basis of:
Types
Project-oriented Services, ITO Services, IT Support and Training Services, Enterprise Cloud Computing Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Technology Companies, Consulting Companies, Marketing & Communication Companies, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accenture PLC
- Autotask Corporation
- Capgemini SA
- DXC Technology Company
- Fujitsu Limited
- Hewlett Packard Enterprise Development LP (H.P.E.)
- International Business Machines (IBM) Corporation
- Microsoft Corporation
- Oracle Corporation
Highlights of The IT Professional Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Project-oriented Services
- ITO Services
- IT Support and Training Services
- Enterprise Cloud Computing Services
- By Application:
- Technology Companies
- Consulting Companies
- Marketing & Communication Companies
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IT Professional Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IT Professional Services is a category of services that provide technical support and consulting to businesses in the Information Technology (IT) field. IT Professional Services can include everything from helping companies set up new computer systems, to providing expert advice on how best to use existing technology.
Some of the key players operating in the it professional services market are Accenture PLC, Autotask Corporation, Capgemini SA, DXC Technology Company, Fujitsu Limited, Hewlett Packard Enterprise Development LP (H.P.E.), International Business Machines (IBM) Corporation, Microsoft Corporation, Oracle Corporation.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IT Professional Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IT Professional Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IT Professional Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IT Professional Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IT Professional Services Market Size & Forecast, 2018-2028
4.5.1 IT Professional Services Market Size and Y-o-Y Growth
4.5.2 IT Professional Services Market Absolute $ Opportunity
Chapter 5 Global IT Professional Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IT Professional Services Market Size Forecast by Type
5.2.1 Project-oriented Services
5.2.2 ITO Services
5.2.3 IT Support and Training Services
5.2.4 Enterprise Cloud Computing Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IT Professional Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IT Professional Services Market Size Forecast by Applications
6.2.1 Technology Companies
6.2.2 Consulting Companies
6.2.3 Marketing & Communication Companies
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IT Professional Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IT Professional Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IT Professional Services Analysis and Forecast
9.1 Introduction
9.2 North America IT Professional Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IT Professional Services Market Size Forecast by Type
9.6.1 Project-oriented Services
9.6.2 ITO Services
9.6.3 IT Support and Training Services
9.6.4 Enterprise Cloud Computing Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IT Professional Services Market Size Forecast by Applications
9.10.1 Technology Companies
9.10.2 Consulting Companies
9.10.3 Marketing & Communication Companies
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IT Professional Services Analysis and Forecast
10.1 Introduction
10.2 Europe IT Professional Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IT Professional Services Market Size Forecast by Type
10.6.1 Project-oriented Services
10.6.2 ITO Services
10.6.3 IT Support and Training Services
10.6.4 Enterprise Cloud Computing Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IT Professional Services Market Size Forecast by Applications
10.10.1 Technology Companies
10.10.2 Consulting Companies
10.10.3 Marketing & Communication Companies
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IT Professional Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IT Professional Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IT Professional Services Market Size Forecast by Type
11.6.1 Project-oriented Services
11.6.2 ITO Services
11.6.3 IT Support and Training Services
11.6.4 Enterprise Cloud Computing Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IT Professional Services Market Size Forecast by Applications
11.10.1 Technology Companies
11.10.2 Consulting Companies
11.10.3 Marketing & Communication Companies
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IT Professional Services Analysis and Forecast
12.1 Introduction
12.2 Latin America IT Professional Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IT Professional Services Market Size Forecast by Type
12.6.1 Project-oriented Services
12.6.2 ITO Services
12.6.3 IT Support and Training Services
12.6.4 Enterprise Cloud Computing Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IT Professional Services Market Size Forecast by Applications
12.10.1 Technology Companies
12.10.2 Consulting Companies
12.10.3 Marketing & Communication Companies
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IT Professional Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IT Professional Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IT Professional Services Market Size Forecast by Type
13.6.1 Project-oriented Services
13.6.2 ITO Services
13.6.3 IT Support and Training Services
13.6.4 Enterprise Cloud Computing Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IT Professional Services Market Size Forecast by Applications
13.10.1 Technology Companies
13.10.2 Consulting Companies
13.10.3 Marketing & Communication Companies
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IT Professional Services Market: Competitive Dashboard
14.2 Global IT Professional Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture PLC
14.3.2 Autotask Corporation
14.3.3 Capgemini SA
14.3.4 DXC Technology Company
14.3.5 Fujitsu Limited
14.3.6 Hewlett Packard Enterprise Development LP (H.P.E.)
14.3.7 International Business Machines (IBM) Corporation
14.3.8 Microsoft Corporation
14.3.9 Oracle Corporation
