The technology advisory market size has grown steadily in recent years. It will grow from $160.51 billion in 2024 to $167.32 billion in 2025 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to digital transformation imperatives, cybersecurity concerns and threats, regulatory compliance and governance, legacy system modernization needs, data analytics and business intelligence.
The technology advisory market size is expected to see strong growth in the next few years. It will grow to $205.22 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to adoption of cloud computing, AI and machine learning integration, focus on sustainable and green it, e-commerce and digital marketing strategies, resilience planning and business continuity. Major trends in the forecast period include sustainable technology practices and green it consulting, digital transformation roadmaps and strategy formulation, 5G implementation guidance for connectivity and innovation, biometric and facial recognition technology advisory, collaboration tools and remote work technology advisory.
The increasing need to simplify business operating models and monitor IT investments is a significant driver contributing to the growth of the technology advisory market. Technology consulting firms assist companies in integrating technology into their business operations, enhancing experiences, improving processes, reducing costs, and maximizing technology-based opportunities. These firms also play a crucial role in helping companies address cybersecurity concerns and ensure the safety of their data. For instance, Louis Vuitton utilizes technology consulting to develop small modules in business and IT strategy, as well as IT governance, to effectively run its operations. Similarly, companies such as Canon and Samsung leverage technology advice to optimize their operations and minimize IT costs. Technology advisory services enable companies to focus more on their core business, access the latest technology, and mitigate risks such as hardware failure, virus and spyware attacks, and database corruption.
The rising demand for cloud services is anticipated to drive growth in the technology advisory market. Cloud services encompass a wide range of on-demand computing resources and applications delivered via the internet. These resources are hosted on remote servers, typically located in data centers, and are accessible to individuals, businesses, and organizations online. Technology advisory services play a crucial role in cloud adoption, providing strategic guidance and expertise to organizations as they navigate the complexities of cloud computing. For example, in December 2023, Eurostat, an intergovernmental organization in Europe, reported that 45.2% of EU businesses had acquired cloud computing services for accessing software, processing power, storage capacity, and other resources. Thus, the growing demand for cloud services is expected to propel the technology advisory market forward.
Artificial Intelligence (AI) stands out as a prominent trend gaining momentum across various business processes. AI represents a convergence of diverse technologies that empower machines to sense, comprehend, and take action. Its application aids businesses in identifying and addressing challenges, ultimately delivering tangible business value. AI plays a pivotal role in designing hardware infrastructure, whether on-premise or cloud-based, facilitating the ingestion and analysis of vast datasets, and providing the flexibility of computing resources. For example, in 2022, Tech Mahindra introduced YANTR.AI, a cognitive AI solution dedicated to automating and simplifying field services. YANTR.AI leverages advanced analytics, AI, machine learning (ML), and optimization, enhancing operational efficiency, productivity, and workflow control in field operations. As AI technology advances, its significance continues to grow in data expertise, business processes, and workflow management.
Key players in the technology advisory market are actively developing innovative technology consulting portfolios aimed at assisting C-suite executives in crafting technology roadmaps. This type of consulting is tailored to support C-suite clients in formulating their technology roadmaps, aiding them in making informed decisions about technology investments aligned with their business goals. For instance, in July 2023, Atos SE, a France-based information technology company, unveiled its latest technology consulting portfolio, designed to guide C-suite customers in shaping their technology roadmaps and ensuring strategic alignment.
In March 2024, the Society of Petroleum Engineers (SPE), a U.S.-based organization dedicated to supporting professionals in the oil and gas sector, acquired technical advisory services programs from ManTech. This acquisition aims to strengthen SPE's ability to deliver advanced cybersecurity, data analytics, and cloud solutions to its clients. ManTech International Corporation, a U.S.-based company, provides technology solutions and services, primarily serving government agencies and commercial clients.
Major companies operating in the technology advisory market include Deloitte Touche Tohmatsu Limited, International Business Machines Corporation, PricewaterhouseCoopers LLP, Accenture plc, Ernst & Young Global Limited, Oracle Corporation, KPMG International Cooperative, Fujitsu Limited, Tata Consultancy Services Limited, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, McKinsey & Company, BDO Global, The Boston Consulting Group Inc., Atos SE, Wipro Limited, Dell Technologies Inc., Booz Allen Hamilton Inc., Grant Thornton International Ltd, Gartner Inc., Bain & Company Incorporated, HCL Technologies Limited, FTI Consulting Inc., Oliver Wyman, Alvarez & Marsal Holdings LLC, PA Consulting Group, Navigant Consulting Inc., Catalyst Consulting Group Inc., West Monroe Partners LLC, Mindtree Limited, Slalom LLC.
North America was the largest region in the technology advisory market in 2024. Western Europe was the second largest region in the global technology advisory market share. The regions covered in the technology advisory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the technology advisory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Technology advisory services involve providing guidance on the development of technology strategies, ideation, and prototyping, designing digital consulting services, as well as enhancing cybersecurity. These services play a crucial role in formulating effective IT strategies, aligning operations with corporate objectives, investing in suitable technology, adapting to evolving IT landscapes, staying abreast of the latest technological developments, improving enterprise architecture, and managing IT expenses effectively.
The primary categories of technology advisory services encompass application development, cloud services, cybersecurity and privacy, data and analytics, technology strategy and enterprise architecture, among others. Application development is the process of creating computer programs or series of programs to fulfill diverse business functions. Industries served by these services include banking, financial services, healthcare, IT and telecom, government, and others, catering to enterprises of various sizes, including both large enterprises and small and medium-sized enterprises.
The technology advisory market research report is one of a series of new reports that provides technology advisory market statistics, including technology advisory industry global market size, regional shares, competitors with a technology advisory market share, detailed technology advisory market segments, market trends and opportunities, and any further data you may need to thrive in the technology advisory industry. This technology advisory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The technology advisory market consists of revenue earned by entities that provide advisory services to clients to identify, prioritize, design, and manage their investments in a various advanced technology. Technology advisory services provide consultancy on developing technology strategies, technology ideation and prototyping, design digital consulting services, and ways to enhance cybersecurity. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The technology advisory market size is expected to see strong growth in the next few years. It will grow to $205.22 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to adoption of cloud computing, AI and machine learning integration, focus on sustainable and green it, e-commerce and digital marketing strategies, resilience planning and business continuity. Major trends in the forecast period include sustainable technology practices and green it consulting, digital transformation roadmaps and strategy formulation, 5G implementation guidance for connectivity and innovation, biometric and facial recognition technology advisory, collaboration tools and remote work technology advisory.
The increasing need to simplify business operating models and monitor IT investments is a significant driver contributing to the growth of the technology advisory market. Technology consulting firms assist companies in integrating technology into their business operations, enhancing experiences, improving processes, reducing costs, and maximizing technology-based opportunities. These firms also play a crucial role in helping companies address cybersecurity concerns and ensure the safety of their data. For instance, Louis Vuitton utilizes technology consulting to develop small modules in business and IT strategy, as well as IT governance, to effectively run its operations. Similarly, companies such as Canon and Samsung leverage technology advice to optimize their operations and minimize IT costs. Technology advisory services enable companies to focus more on their core business, access the latest technology, and mitigate risks such as hardware failure, virus and spyware attacks, and database corruption.
The rising demand for cloud services is anticipated to drive growth in the technology advisory market. Cloud services encompass a wide range of on-demand computing resources and applications delivered via the internet. These resources are hosted on remote servers, typically located in data centers, and are accessible to individuals, businesses, and organizations online. Technology advisory services play a crucial role in cloud adoption, providing strategic guidance and expertise to organizations as they navigate the complexities of cloud computing. For example, in December 2023, Eurostat, an intergovernmental organization in Europe, reported that 45.2% of EU businesses had acquired cloud computing services for accessing software, processing power, storage capacity, and other resources. Thus, the growing demand for cloud services is expected to propel the technology advisory market forward.
Artificial Intelligence (AI) stands out as a prominent trend gaining momentum across various business processes. AI represents a convergence of diverse technologies that empower machines to sense, comprehend, and take action. Its application aids businesses in identifying and addressing challenges, ultimately delivering tangible business value. AI plays a pivotal role in designing hardware infrastructure, whether on-premise or cloud-based, facilitating the ingestion and analysis of vast datasets, and providing the flexibility of computing resources. For example, in 2022, Tech Mahindra introduced YANTR.AI, a cognitive AI solution dedicated to automating and simplifying field services. YANTR.AI leverages advanced analytics, AI, machine learning (ML), and optimization, enhancing operational efficiency, productivity, and workflow control in field operations. As AI technology advances, its significance continues to grow in data expertise, business processes, and workflow management.
Key players in the technology advisory market are actively developing innovative technology consulting portfolios aimed at assisting C-suite executives in crafting technology roadmaps. This type of consulting is tailored to support C-suite clients in formulating their technology roadmaps, aiding them in making informed decisions about technology investments aligned with their business goals. For instance, in July 2023, Atos SE, a France-based information technology company, unveiled its latest technology consulting portfolio, designed to guide C-suite customers in shaping their technology roadmaps and ensuring strategic alignment.
In March 2024, the Society of Petroleum Engineers (SPE), a U.S.-based organization dedicated to supporting professionals in the oil and gas sector, acquired technical advisory services programs from ManTech. This acquisition aims to strengthen SPE's ability to deliver advanced cybersecurity, data analytics, and cloud solutions to its clients. ManTech International Corporation, a U.S.-based company, provides technology solutions and services, primarily serving government agencies and commercial clients.
Major companies operating in the technology advisory market include Deloitte Touche Tohmatsu Limited, International Business Machines Corporation, PricewaterhouseCoopers LLP, Accenture plc, Ernst & Young Global Limited, Oracle Corporation, KPMG International Cooperative, Fujitsu Limited, Tata Consultancy Services Limited, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, McKinsey & Company, BDO Global, The Boston Consulting Group Inc., Atos SE, Wipro Limited, Dell Technologies Inc., Booz Allen Hamilton Inc., Grant Thornton International Ltd, Gartner Inc., Bain & Company Incorporated, HCL Technologies Limited, FTI Consulting Inc., Oliver Wyman, Alvarez & Marsal Holdings LLC, PA Consulting Group, Navigant Consulting Inc., Catalyst Consulting Group Inc., West Monroe Partners LLC, Mindtree Limited, Slalom LLC.
North America was the largest region in the technology advisory market in 2024. Western Europe was the second largest region in the global technology advisory market share. The regions covered in the technology advisory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the technology advisory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Technology advisory services involve providing guidance on the development of technology strategies, ideation, and prototyping, designing digital consulting services, as well as enhancing cybersecurity. These services play a crucial role in formulating effective IT strategies, aligning operations with corporate objectives, investing in suitable technology, adapting to evolving IT landscapes, staying abreast of the latest technological developments, improving enterprise architecture, and managing IT expenses effectively.
The primary categories of technology advisory services encompass application development, cloud services, cybersecurity and privacy, data and analytics, technology strategy and enterprise architecture, among others. Application development is the process of creating computer programs or series of programs to fulfill diverse business functions. Industries served by these services include banking, financial services, healthcare, IT and telecom, government, and others, catering to enterprises of various sizes, including both large enterprises and small and medium-sized enterprises.
The technology advisory market research report is one of a series of new reports that provides technology advisory market statistics, including technology advisory industry global market size, regional shares, competitors with a technology advisory market share, detailed technology advisory market segments, market trends and opportunities, and any further data you may need to thrive in the technology advisory industry. This technology advisory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The technology advisory market consists of revenue earned by entities that provide advisory services to clients to identify, prioritize, design, and manage their investments in a various advanced technology. Technology advisory services provide consultancy on developing technology strategies, technology ideation and prototyping, design digital consulting services, and ways to enhance cybersecurity. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Technology Advisory Market Characteristics3. Technology Advisory Market Trends and Strategies4. Technology Advisory Market - Macro Economic Scenario Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Technology Advisory Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Technology Advisory Market34. Recent Developments in the Technology Advisory Market
5. Global Technology Advisory Growth Analysis and Strategic Analysis Framework
6. Technology Advisory Market Segmentation
7. Technology Advisory Market Regional and Country Analysis
8. Asia-Pacific Technology Advisory Market
9. China Technology Advisory Market
10. India Technology Advisory Market
11. Japan Technology Advisory Market
12. Australia Technology Advisory Market
13. Indonesia Technology Advisory Market
14. South Korea Technology Advisory Market
15. Western Europe Technology Advisory Market
16. UK Technology Advisory Market
17. Germany Technology Advisory Market
18. France Technology Advisory Market
19. Italy Technology Advisory Market
20. Spain Technology Advisory Market
21. Eastern Europe Technology Advisory Market
22. Russia Technology Advisory Market
23. North America Technology Advisory Market
24. USA Technology Advisory Market
25. Canada Technology Advisory Market
26. South America Technology Advisory Market
27. Brazil Technology Advisory Market
28. Middle East Technology Advisory Market
29. Africa Technology Advisory Market
30. Technology Advisory Market Competitive Landscape and Company Profiles
31. Technology Advisory Market Other Major and Innovative Companies
35. Technology Advisory Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Technology Advisory Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on technology advisory market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for technology advisory? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The technology advisory market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Service: Application Development; Cloud Services; Cybersecurity and Privacy; Data and Analytics; Technology Strategy and Enterprise Architecture; Other Services2) By Enterprise Size: Large Enterprise; Small and Medium Enterprise
3) By End Use: Banking; Financial Services; Healthcare; IT and Telecom; Government; Other End Uses
Subsegments:
1) By Application Development: Custom Software Development; Mobile Application Development; Web Application Development2) By Cloud Services: Cloud Migration Services; Cloud Infrastructure Management; Cloud Security Services
3) By Cybersecurity and Privacy: Risk Assessment and Management; Compliance Consulting; Incident Response and Recovery
4) By Data and Analytics: Business Intelligence Solutions; Data Management and Governance; Advanced Analytics and AI Solutions
5) By Technology Strategy and Enterprise Architecture: IT Strategy Development; Enterprise Architecture Planning; Digital Transformation Consulting
6) By Other Services: IT Project Management; Training and Change Management; Emerging Technology Advisory
Key Companies Mentioned: Deloitte Touche Tohmatsu Limited; International Business Machines Corporation; PricewaterhouseCoopers LLP; Accenture plc; Ernst & Young Global Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Deloitte Touche Tohmatsu Limited
- International Business Machines Corporation
- PricewaterhouseCoopers LLP
- Accenture plc
- Ernst & Young Global Limited
- Oracle Corporation
- KPMG International Cooperative
- Fujitsu Limited
- Tata Consultancy Services Limited
- Capgemini SE
- Cognizant Technology Solutions Corporation
- Infosys Limited
- McKinsey & Company
- BDO Global
- The Boston Consulting Group Inc.
- Atos SE
- Wipro Limited
- Dell Technologies Inc.
- Booz Allen Hamilton Inc.
- Grant Thornton International Ltd
- Gartner Inc.
- Bain & Company Incorporated
- HCL Technologies Limited
- FTI Consulting Inc.
- Oliver Wyman
- Alvarez & Marsal Holdings LLC
- PA Consulting Group
- Navigant Consulting Inc.
- Catalyst Consulting Group Inc.
- West Monroe Partners LLC
- Mindtree Limited
- Slalom LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 167.32 Billion |
| Forecasted Market Value ( USD | $ 205.22 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 32 |
