The IT Consulting Global Market Report 2023, provides comprehensive information on the IT consulting market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s IT Consulting Global Market Report 2023, the market size is expected to grow from $97.48 billion in 2022 to $107.35 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global IT consulting market size is expected to reach $165.58 billion in 2027 at a CAGR of 11.4%.

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Technology innovations are a key trend gaining popularity in the IT consulting market. Companies operating in the IT consulting market are adopting new technologies to sustain their position in the market. For instance, in May 2022, ServiceNow, a US-based software company, introduced the Procurement Service Management (PSM) solution, a technology to aid in the digitization and self-service of sourcing tasks to speed up delivery times and revolutionize procurement across the company. Procurement modernization is a critical priority for firms looking to digitally transform processes, reallocate workers to more strategic duties, and improve supplier collaboration with more connected, interactive experiences.

The IT consulting market is segmented:

1) By Type: Operations Consulting, Security Consulting, Strategy Consulting
2) By Enterprise Size: Large Enterprise, Small and Medium Enterprise
3) By Application: Government, BFSI, Telecommunications, Manufacturing, Other Applications

Asia-Pacific was the largest region in the IT consulting market in 2022.

The table of contents in TBRC’s IT consulting market report includes:

Executive Summary
Market Characteristics
Market Trends And Strategies
Impact Of COVID-19
Market Size And Growth
Segmentation
Regional And Country Analysis
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Competitive Landscape And Company Profiles
Key Mergers And Acquisitions
Future Outlook and Potential Analysis
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