IT Consulting Market Report 2025

The IT consulting market size has grown rapidly in recent years. It will grow from $102.32 billion in 2024 to $113.25 billion in 2025 at a compound annual growth rate (CAGR) of 10.7%. 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 $186.43 billion in 2029 at a compound annual growth rate (CAGR) of 13.3%. 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.

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 anticipated growth in the forecast period can be attributed to an increased focus on sustainability, the proliferation of remote work and collaboration, the integration of AI and automation, a focus on data governance and privacy, and the adoption of agile and adaptive strategies. Major trends expected in this period include rapid digitization, the emergence of new technologies, ongoing digital transformation efforts, continuous technological advancements, and an increased emphasis on cybersecurity.

The increasing adoption of cloud computing is anticipated to drive the growth of the IT consulting market in the future. Cloud computing is a platform that integrates computation, storage, and network infrastructure to facilitate rapid application development and dynamic scaling. Users of cloud computing technology can access storage, data, applications, and servers through internet-connected devices such as PCs, smartphones, tablets, and wearables. These services process and store data remotely, away from end users. For example, in January 2023, the 2022 State of DevOps Report published by Google, a US-based technology firm, indicated that in 2022, 26% of users reported utilizing multiple public clouds, up from 21% in 2021. The adoption of hybrid clouds rose significantly from 25% to 42.5%. Additionally, Eurostat reported that in 2021, 41% of EU enterprises had adopted cloud computing. Thus, the growing adoption of cloud computing is fueling the growth of the IT consulting market.

The expanding e-commerce sector is also expected to accelerate the growth of the IT consulting market moving forward. E-commerce, which stands for electronic commerce, involves the buying and selling of goods or services over the Internet or through online platforms, facilitating transactions, payments, and interactions between businesses and consumers in a digital setting. The e-commerce industry relies on IT consulting to enhance digital infrastructure, streamline operations, and implement innovative solutions, thereby improving efficiency and maintaining competitiveness in a rapidly changing technological environment. For instance, in November 2023, the US Census Bureau, a Department of Commerce in the United States, reported that in the third quarter of 2023, U.S. retail e-commerce sales reached approximately $271.7 billion, reflecting a 0.9% (±0.4%) increase from the previous quarter. Compared to the third quarter of 2022, e-commerce sales rose by 7.8% (±1.2%), while total retail sales increased by 2% (±0.4%) during the same timeframe. E-commerce sales represented 14.9% of total sales in the third quarter of 2023. Therefore, the growth of the e-commerce sector is driving the expansion of the IT consulting market.

In the IT consulting market, the surge in technological innovations stands out as a prominent trend. Companies within this sector are actively embracing and integrating new technologies to fortify their standing in the market. A notable example of this trend is ServiceNow, a US-based software company that launched the Procurement Service Management (PSM) solution in May 2022. This technology aims to facilitate the digitization and self-service of sourcing tasks, ultimately expediting delivery times and reshaping the procurement landscape within organizations. The advent of PSM underscores the critical emphasis placed on modernizing procurement processes as a means to digitally transform operations, redirect human resources toward more strategic endeavors, and foster enhanced collaboration with suppliers through more interconnected and interactive interfaces.

Major companies in the IT consulting market are increasingly focusing on advanced solutions such as enterprise resource planning (ERP) to enhance operational efficiency, streamline processes, and gain a competitive advantage in their respective industries. ERP solutions are integrated software systems designed to manage and streamline core business processes, including accounting, inventory management, human resources, and more, within an organization. For example, in August 2023, FORVIS, a US-based public accounting and consulting firm, launched a NetSuite Technology Consulting practice, demonstrating a strategic commitment to helping clients navigate the complexities of digital transformation. NetSuite's advanced cloud-based ERP modules are designed to assist organizations in optimizing processes, unifying departmental data, and gaining immediate insights into both financial and operational performance. NetSuite is a widely used ERP solution, with over 36,000 customers globally utilizing its modules, which cover finance or ERP, inventory management, process automation, and omnichannel services.

In February 2023, Accenture PLC, an Ireland-based IT consulting services company, acquired SKS Group for an undisclosed amount. This strategic acquisition aims to expand Accenture's technology consulting and regulatory services capabilities, particularly in serving specialized banks such as national promotional banks that provide funding and development assistance to regional businesses and communities. SKS Group, based in Germany, is a consultancy company known for its expertise in using SAP S/4HANA solutions to help banks modernize their IT infrastructure.

Major companies operating in the IT consulting market include Mindtree Ltd., Deloitte Touche Tohmatsu Limited, Accenture plc, 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, EPAM Systems Inc., Bain & Company, Capita plc, Virtusa Corporation, Rackspace Technology Inc., Wipro Limited, Nihilent Ltd., HCL Technologies Limited, Booz Allen Hamilton Holding Corporation, Gartner Inc., Hexaware Technologies Pvt Ltd., NCC Group.

IT consulting provides advisory services to businesses for evaluating and coordinating technical initiatives within their business or process plans. It includes strategic, architectural, operational, and implementation planning to support IT initiatives.

The primary types of IT consulting include operations consulting, security consulting, and strategy consulting. Operations consulting involves services that improve a company's internal operations and performance across the value chain. These services cater to large enterprises and small and medium-sized enterprises (SMEs) and are used in various industries such as government, banking, financial services and insurance (BFSI), telecommunications, manufacturing, and others.

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.

Asia-Pacific was the largest region in the IT consulting market in 2024. The regions covered in the it consulting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the it consulting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The IT consulting market includes revenues earned by entities by providing information security, web development, computer network architecture and computer system analysis. 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.

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