Product Code: GVR-2-68038-762-9
IT Professional Services Market Growth & Trends:
The global IT professional services market size is expected to reach USD 1,598.41.13 billion by 2030, registering a CAGR of 9.5% from 2024 to 2030, according to a recent report by Grand View Research, Inc. The market growth can be attributed to the technology shift by Small & Medium Enterprises (SMEs) to enhance their IT infrastructure, growing adoption of cloud computing, and increasing usage of advanced technologies such as machine learning, artificial intelligence, and Robotic process automation (RPA). Market players are assisting various organizations in automating their business operations with these technologies. Furthermore, big data analytics technology combined with the Internet of Things (IoT) increases the overall productivity of IT professional services, contributing to the growth of the IT professional services market.
The growing adoption of cloud-based platforms across the globe is expected to drive the IT professional services market. Established industry players are highly emphasizing strategic partnerships with software companies to accelerate business migration to hybrid cloud architecture. For instance, in January 2024, Google Cloud announced that they had introduced generative AI technologies for retailers and online shopping websites. The company is also offering a combined software and hardware offering namely "Google Distributed Cloud Edge" which will help retailers to manage, deploy and scale AI innovations across locations. These developments would further drive the growth of the IT professional services market during the forecast period.
Rapid advancements in advanced technologies, as well as the growing popularity of IT professional solutions are encouraging a variety of businesses to enter the IT professional services market to expand their business. Startups in the IT professional services market place a high value on participation in funding rounds in order to raise funds and strengthen their brand presence. For instance, Venn Technology Corp., a remote work security company, raised USD 29 million in a financing round led by NewSpring Capital Inc. in April 2022. The funds will be used to expand the company's service offerings, support product development and business operations in untapped global markets.
IT Professional Services Market Report Highlights:
- The ITO service segment is anticipated to grow at a CAGR of 10.3% from 2024-2030. Large organizations are increasingly turning to IT support and training services to familiarize their employees with the latest technologies and reduce training time by utilizing a single platform throughout the organization. In addition, other businesses are outsourcing IT services for regular updates and maintenance of their IT systems
- The cloud segment is anticipated to grow at a CAGR of 10.1% from 2024-2030. Shifting organizations focus toward developing a single unified digital platform to handle holistic data operations with the minimum hardware requirement is creating a favorable environment for cloud integration solutions
- The SMEs segment is anticipated to grow at a CAGR of 11.6% from 2024-2030. Small & medium-sized enterprises are using IT professional services and solutions for process time management, automating various tasks to allow employees to focus on other important works and control over unnecessary spending of the company, thereby contributing to the IT professional services market size expansion
- The technology companies' segment is anticipated to grow at a CAGR of 9.9% from 2024-2030. The high demand for automation, business intelligence, and Technology as a Service (TaaS) is prompting the growth of the segment
- Asia Pacific is anticipated to grow at a CAGR of 11.5% from 2024-2030. The rapid increase in the number of Small & Medium Enterprises (SMEs) and startups across the region are focusing on implementing new-generation technologies and services to sustain in the market. Also, economies such as China and India are the hub for IT companies which drives the growth even further
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. IT Professional Services Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. IT Professional Services Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. IT Professional Services Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. IT Professional Services Market: Type Movement Analysis, USD Million, 2023 & 2030
- 4.3. Project-oriented Services
- 4.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. ITO Services
- 4.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5. IT Support & Training Services
- 4.5.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6. Enterprise Cloud Computing Services
- 4.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. IT Professional Services Market: Deployment Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. IT Professional Services Market: Deployment Movement Analysis, USD Million, 2023 & 2030
- 5.3. Cloud
- 5.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. On-premise
- 5.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. IT Professional Services Market: Enterprise Size Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. IT Professional Services Market: Enterprise Size Movement Analysis, USD Million, 2023 & 2030
- 6.3. Large Enterprises
- 6.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Small and Medium Enterprises
- 6.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. IT Professional Services Market: End-use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. IT Professional Services Market: End-use Movement Analysis, USD Million, 2023 & 2030
- 7.3. Technology Companies
- 7.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Consulting Companies
- 7.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5. Marketing & Communication Companies
- 7.5.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6. Others
- 7.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. IT Professional Services Market: Regional Estimates & Trend Analysis
- 8.1. IT Professional Services Market Share by Region, 2023 & 2030 (USD Billion)
- 8.2. North America
- 8.2.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.2.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.2.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.2.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.2.6. U.S.
- 8.2.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.6.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.2.6.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.2.6.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.2.6.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.2.7. Canada
- 8.2.7.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.7.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.2.7.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.2.7.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.2.7.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.3.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.3.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.3.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.3.6. UK
- 8.3.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.6.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.3.6.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.3.6.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.3.6.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.3.7. Germany
- 8.3.7.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.7.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.3.7.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.3.7.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.3.7.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.3.8. France
- 8.3.8.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.8.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.3.8.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.3.8.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.3.8.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.4.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.4.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.4.6. China
- 8.4.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.6.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.4.6.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.4.6.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.6.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.4.7. India
- 8.4.7.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.7.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.4.7.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.4.7.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.7.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.4.8. Japan
- 8.4.8.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.8.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.4.8.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.4.8.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.8.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.4.9. South Korea
- 8.4.9.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.9.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.4.9.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.4.9.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.9.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.4.10. Australia
- 8.4.10.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.10.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.4.10.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.4.10.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.10.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.5. Latin America
- 8.5.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.5.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.5.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.5.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.5.6. Brazil
- 8.5.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.6.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.5.6.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.5.6.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.5.6.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.5.7. Mexico
- 8.5.7.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.7.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.5.7.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.5.7.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.5.7.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.6. Middle East & Africa
- 8.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.6.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.6.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.6.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.6.6. UAE
- 8.6.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.6.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.6.6.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.6.6.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.6.6.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.6.7. Saudi Arabia
- 8.6.7.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.7.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.6.7.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.6.7.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.6.7.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
- 8.6.8. South Africa
- 8.6.8.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.8.2. Market Size Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 8.6.8.3. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.6.8.4. Market Size Estimates and Forecasts by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.6.8.5. Market Size Estimates and Forecasts by End-use, 2018 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Share Analysis
- 9.4. Company Heat Map Analysis
- 9.5. Strategy Mapping
- 9.5.1. Expansion
- 9.5.2. Mergers & Acquisition
- 9.5.3. Partnerships & Collaborations
- 9.5.4. New Product Launches
- 9.5.5. Research And Development
- 9.6. Company Profiles
- 9.6.1. Accenture
- 9.6.1.1. Participant's Overview
- 9.6.1.2. Financial Performance
- 9.6.1.3. Product Benchmarking
- 9.6.1.4. Recent Developments
- 9.6.2. Amazon Web Services
- 9.6.2.1. Participant's Overview
- 9.6.2.2. Financial Performance
- 9.6.2.3. Product Benchmarking
- 9.6.2.4. Recent Developments
- 9.6.3. Atera Networks Ltd.
- 9.6.3.1. Participant's Overview
- 9.6.3.2. Financial Performance
- 9.6.3.3. Product Benchmarking
- 9.6.3.4. Recent Developments
- 9.6.4. Capgemini
- 9.6.4.1. Participant's Overview
- 9.6.4.2. Financial Performance
- 9.6.4.3. Product Benchmarking
- 9.6.4.4. Recent Developments
- 9.6.5. Datto, Inc.
- 9.6.5.1. Participant's Overview
- 9.6.5.2. Financial Performance
- 9.6.5.3. Product Benchmarking
- 9.6.5.4. Recent Developments
- 9.6.6. DXC Technology Company
- 9.6.6.1. Participant's Overview
- 9.6.6.2. Financial Performance
- 9.6.6.3. Product Benchmarking
- 9.6.6.4. Recent Developments
- 9.6.7. FUJITSU
- 9.6.7.1. Participant's Overview
- 9.6.7.2. Financial Performance
- 9.6.7.3. Product Benchmarking
- 9.6.7.4. Recent Developments
- 9.6.8. HELIXSTORM
- 9.6.8.1. Participant's Overview
- 9.6.8.2. Financial Performance
- 9.6.8.3. Product Benchmarking
- 9.6.8.4. Recent Developments
- 9.6.9. Hewlett Packard Enterprise Development LP
- 9.6.9.1. Participant's Overview
- 9.6.9.2. Financial Performance
- 9.6.9.3. Product Benchmarking
- 9.6.9.4. Recent Developments
- 9.6.10. International Business Machines Corporation
- 9.6.10.1. Participant's Overview
- 9.6.10.2. Financial Performance
- 9.6.10.3. Product Benchmarking
- 9.6.10.4. Recent Developments
- 9.6.11. Microsoft Corporation
- 9.6.11.1. Participant's Overview
- 9.6.11.2. Financial Performance
- 9.6.11.3. Product Benchmarking
- 9.6.11.4. Recent Developments
- 9.6.12. Oracle Corporation
- 9.6.12.1. Participant's Overview
- 9.6.12.2. Financial Performance
- 9.6.12.3. Product Benchmarking
- 9.6.12.4. Recent Developments
- 9.6.13. ScienceSoft USA Corporation
- 9.6.13.1. Participant's Overview
- 9.6.13.2. Financial Performance
- 9.6.13.3. Product Benchmarking
- 9.6.13.4. Recent Developments
- 9.6.14. Veritis Group Inc.
- 9.6.14.1. Participant's Overview
- 9.6.14.2. Financial Performance
- 9.6.14.3. Product Benchmarking
- 9.6.14.4. Recent Developments
- 9.6.15. VMware, Inc.
- 9.6.15.1. Participant's Overview
- 9.6.15.2. Financial Performance
- 9.6.15.3. Product Benchmarking
- 9.6.15.4. Recent Developments