1. Market Research
  2. > IT Services Market Trends
  3. > IT Consulting

Information Technology Consultants: Latest Market Trends & Statistics

  • Currently 5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
2 votes

Global IT Consulting Industry Analysis

The consulting and related IT services industry witnessed 5% growth in 2011, reaching almost $542 billion. The market maintained yearly growth in excess of 3% between 2007 and 2011, reports MarketLine. Integration and development services represented the leading segment in 2011, generating almost $263 billion and accounting for close to half of overall market value.

IT consulting industry performance is expected to accelerate to a yearly rate of almost 4% between 2011 and 2016, bringing the market to almost $653 billion.

An ever-increasing number of companies avail of consultant services for strategic planning projects to boost competitiveness. IT consulting outfits provide management solutions for technical projects as well as can help with testing and writing custom software, managing computer systems, and designing integrated software, hardware and communications infrastructure.

Certain software companies have ventured into the consulting realm to meet the growing demand for implementation, design and management of IT-based business information processes.

Trends

Technological innovation, such as cloud computing, provides new opportunities for the global IT consulting industry. Companies eager to benefit from the cost effectiveness of cloud services are investing more and more in this sector. Adoption of virtualization across developing and established markets has also accelerated, reports Global Industry Analysts.

Virtualization consulting involves pre-sales consulting and integration, and is forecast to record rising demand. Companies without the time or expertise to make the necessary transition to these new technologies can hire the services of consulting companies to remain competitive.

Market Segments

The world system integration market is forecast to record 6% yearly growth between 2011 and 2015, according to research from TechNavio. Enterprise software demand is one of the main contributors to growth in this industry. The widespread adoption of integrated IT infrastructure has been driving the IT market worldwide. Obstacles to growth in this sector include uneven economic recovery and falling IT spending.

Regional Market Share

Major spending on IT services is expected to come from Australia, China and India, predicts Global Industry Analysts. India’s consulting sector’s initial focus was on cost arbitrage, and Western nations opted to take advantage of Indian IT services as a low-cost consulting services alternative. The country’s IT consultants are now consulted for their expertise, innovation and scalability.

India’s IT consulting market holds strong potential, offering a range of services, including data center managements, capacity planning and other consulting services. China represents the main competitor for India’s IT consulting sector. With the emergence of several leading IT consulting companies in China, the country has become a serious contender, offering services of a similar quality to India’s providers.

Read more ยป

Market Outlook

Demand for IT consulting services remained unperturbed during the economic recession as companies continue to benefit from these services in a bid to survive the more difficult economic environment.

While IT consulting demand continued, its driving force changed due to the recession, with other factors playing a greater role in demand such as off shoring, globalization, rising natural demand, the marked advantages of the offshore labor market, and a lack of expertise in established markets, reports Global Industry Analysts.

The global business and IT consulting service sector is expected to record yearly growth in excess of 6% between 2011 and 2014, according to research from TechNavio. Industry performance is currently driven in large part by widespread adoption of green IT consulting. Social networking has also contributed to growth in the global business and IT consulting service market.

Leading Industry Associations

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of 25 reports

IT Consulting Industry in the US

  • January 2016
    10 pages
  • IT Consulting  

  • United States  

View report >

IT Consulting Forecast Statistics in China

  • April 2016
    7 pages
  • IT Consulting  

  • China  

    Taiwan  

View report >

Global Business Consultancy Statistics

  • October 2015
    99 pages
  • Business Consul...  

    Management Cons...  

    Management Cons...  

  • World  

    Europe  

    North America  

View report >

IT Consulting Markets in the US - Forecast

  • June 2015
    6 pages
  • IT Consulting  

  • United States  

View report >

IT Consulting Demand Analysis in France

  • February 2014
    3 pages
  • France  

    Europe  

View report >

The future of the IT Consulting Industry in Africa

  • March 2013
    6 pages
  • Africa  

    World  

    Mexico  

View report >

Global IT Consulting Markets

  • January 2013
    4 pages
  • IT Consulting  

  • World  

View report >

IT Consulting Industry - Forecast

  • January 2013
    7 pages
  • IT Consulting  

View report >

Global IT Consulting Markets

  • January 2013
    7 pages
  • IT Consulting  

  • World  

    United States  

View report >

IT Consulting Industry in Australia

  • November 2012
    8 pages
  • IT Consulting  

  • Australia  

    Oceania  

View report >

Search in It Consulting Industry (25 reports)
Parent industry: IT Services
Related industries: Hosting, Software and Consulting, Solution Integration, IT Outsourcing

About 600 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 1 953 - $ 4 500)

Worldwide and U.S. Business Consulting Services Forecast, 2016-2020

Worldwide and U.S. Business Consulting Services Forecast, 2016-2020

  • $ 4 500
  • Industry report
  • May 2016
  • by IDC

This IDC study provides updated forecasts through an analysis of the worldwide and U.S. business consulting markets by consulting service line. It updates the forecast reported in Worldwide and U.S. Business ...

Worldwide And U.s. It Consulting Services Forecast, 201 ...

May 2016 $ 4 500

Marketing Consulting Service Lines World Report

June 2016 $ 3 047

Cpt Global Ltd. (australia)

May 2016 $ 2 950

Marketing Consulting Service Lines Africa Report

June 2016 $ 1 953

Marketing Consulting Service Lines Middle East Report

June 2016 $ 1 953

Marketing Consulting Service Lines Oceania Report

June 2016 $ 1 953

Marketing Consulting Service Lines Europe Report

June 2016 $ 1 953

Marketing Consulting Service Lines South America Report

June 2016 $ 1 953

Marketing Consulting Service Lines Asia Report

June 2016 $ 1 953

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.