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Global IT Professional Services Market Size study&Forecast, by Type (Project-oriented Services, ITO Services, IT Support & Training Services, Enterprise Cloud Computing Services) by Deployment (On-premise, Cloud), by Enterprise-size (Small & Medium Enterprises (SMEs), Large Enterprises), by End-user (Technology Companies, Consulting Companies, Marketing & Communication Companies, Others)and Regional Analysis, 2022-2029

March 2023 | 200 pages | ID: GC100E23EB80EN
Bizwit Research & Consulting LLP

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Global IT Professional Services Market is valued at approximately USD 753.1 billion in 2021and is anticipated to grow with a healthy growth rate of more than 9.1% over the forecast period 2022-2029.IT Professional Services enable individuals and organizations to accomplish a goal by providing a wide range of technical knowledge and expert advisory services. These professional services include research, consultancy services, accounting and technical services. Benefits of services such as increased efficiency, minimal human errors, and reduced time aregaining an advantage over the market. Additionally, the rising need for automation to increase operational efficiency and easy low-cost implementation of a few factors such as cloud services is boosting the market for IT Professional Services.

The increasing need for automation is estimated to generate nearly USD 214 billion worldwide by 2021. People are shifting towards automation as it is efficient and time-saving. IT professional service providers lay a standardized approach to digitally transform business operations. For instance, a new infrastructure was deployed by Amazon Web Services (AWS) to expand its services to multiple industries. Remote working on large scale was prevailing during the pandemic leading to several technological services across companies. The global cloud services market is expected to reach nearly 168.6 billion U.S. dollars by 2025. It is anticipated to have the largest share in the market at about 65%. The prevailing IT services is also projected by individual spending on it which is USD 345.50 in 2023. Additionally, government focus on the digitalization of their economic operations and continuous advancements, technological improvements are expected to create market opportunities for professional services. However, the high cost of IT Professional Services stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global IT Professional Services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.North America dominated the market for IT Professional Services due to the adoption of cloud services by several industries. The rising use of advanced technologies such as artificial intelligence (AI) and Machine Learning (ML) is fueling the demand inthe region. Furthermore, the majority of industries are investing in IT Professional services driving the market.Asia Pacific is expected to be the fastest-growing region with a CAGR of 11.0% over the forecast period. It comprises several small and medium enterprises that rely on professional services for their day-to-day operations.
Major market player included in this report are:
Accenture Plc
Datto, Inc.
Capgemini Technology Services India Limited
International Business Machines Corporation
DXC Technology Company
FUJITSU Limited
Hewlett Packard Enterprise Development LP
Microsoft Corporation
Oracle Corporation
VMware, Inc.
Recent Developments in the Market:
In June 2022, new innovations were made by Hewlett Packard Enterprise for the HPE GreenLake edge cloud platform to provide cloud services at minimum costs.
In July 2021, Hewlett Packard Enterprise acquired a major cloud service provider Zerto to expand HPE GreenLake.
Global IT Professional Services Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Deployment, Enterprise-size, End-user, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByType:
Project-oriented Services
ITO Services
IT Support & Training Services
Enterprise Cloud Computing Services
By Deployment:
On-Premise
Cloud
By Enterprise-size:
Small & Medium Enterprises (SMEs)
Large Enterprises
By End-user:
Technology Companies
Consulting Companies
Marketing & Communication Companies
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. IT Professional Services Market, by Region, 2019-2029 (USD Billion)
  1.2.2. IT Professional Services Market, by Type,2019-2029 (USD Billion)
  1.2.3. IT Professional Services Market, by Deployment, 2019-2029 (USD Billion)
  1.2.4. IT Professional Services Market, by Enterprise-size, 2019-2029 (USD Billion)
  1.2.5. IT Professional Services Market, by End-user, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL IT PROFESSIONAL SERVICES MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL IT PROFESSIONAL SERVICES MARKET DYNAMICS

3.1. IT Professional Services Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Rising need for automation.
    3.1.1.2. Easy Deployment of Cloud services
  3.1.2. Market Challenges
    3.1.2.1. High Cost of IT Professional Services
  3.1.3. Market Opportunities
    3.1.3.1. Advancements in Formulation.
    3.1.3.2. Increasing Digitalization.

CHAPTER 4. GLOBAL IT PROFESSIONAL SERVICES MARKETINDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL IT PROFESSIONAL SERVICES MARKET, BY TYPE

6.1. Market Snapshot
6.2. Global IT Professional Services Market by Type, Performance - Potential Analysis
6.3. Global IT Professional Services Market Estimates & Forecasts by Type2019-2029 (USD Billion)
6.4. IT Professional Services Market, Sub Segment Analysis
  6.4.1. Project-oriented Services
  6.4.2. ITO Services
  6.4.3. IT Support & Training Services
  6.4.4. Enterprise Cloud Computing Services

CHAPTER 7. GLOBAL IT PROFESSIONAL SERVICES MARKET, BY DEPLOYMENT

7.1. Market Snapshot
7.2. Global IT Professional Services Market by Deployment, Performance - Potential Analysis
7.3. Global IT Professional Services Market Estimates & Forecasts by Deployment2019-2029 (USD Billion)
7.4. IT Professional Services Market, Sub Segment Analysis
  7.4.1. On-Premise
  7.4.2. Cloud

CHAPTER 8. GLOBAL IT PROFESSIONAL SERVICES MARKET, BY ENTERPRISE-SIZE

8.1. Market Snapshot
8.2. Global IT Professional Services Market by Enterprise-size, Performance - Potential Analysis
8.3. Global IT Professional Services Market Estimates & Forecasts by Enterprise-size 2019-2029 (USD Billion)
8.4. IT Professional Services Market, Sub Segment Analysis
  8.4.1. Small & Medium Enterprises (SMEs)
  8.4.2. Large Enterprises

CHAPTER 9. GLOBAL IT PROFESSIONAL SERVICES MARKET, BY END-USER

9.1. Market Snapshot
9.2. Global IT Professional Services Market by End-user, Performance - Potential Analysis
9.3. Global IT Professional Services Market Estimates & Forecasts by End-user 2019-2029 (USD Billion)
9.4. IT Professional Services Market, Sub Segment Analysis
  9.4.1. Technology Companies
  9.4.2. Consulting Companies
  9.4.3. Marketing & Communication Companies
  9.4.4. Others

CHAPTER 10. GLOBAL IT PROFESSIONAL SERVICES MARKET, REGIONAL ANALYSIS

10.1. IT Professional Services Market, Regional Market Snapshot
10.2. North America IT Professional Services Market
  10.2.1. U.S.IT Professional Services Market
    10.2.1.1. Typebreakdown estimates & forecasts, 2019-2029
    10.2.1.2. Deployment breakdown estimates & forecasts, 2019-2029
    10.2.1.3. Enterprise-size breakdown estimates & forecasts, 2019-2029
    10.2.1.4. End-userbreakdown estimates & forecasts, 2019-2029
  10.2.2. CanadaIT Professional Services Market
10.3. Europe IT Professional Services Market Snapshot
  10.3.1. U.K. IT Professional Services Market
  10.3.2. Germany IT Professional Services Market
  10.3.3. France IT Professional Services Market
  10.3.4. Spain IT Professional Services Market
  10.3.5. Italy IT Professional Services Market
  10.3.6. Rest of EuropeIT Professional Services Market
10.4. Asia-PacificIT Professional Services Market Snapshot
  10.4.1. China IT Professional Services Market
  10.4.2. India IT Professional Services Market
  10.4.3. JapanIT Professional Services Market
  10.4.4. Australia IT Professional Services Market
  10.4.5. South Korea IT Professional Services Market
  10.4.6. Rest of Asia PacificIT Professional Services Market
10.5. Latin America IT Professional Services Market Snapshot
  10.5.1. Brazil IT Professional Services Market
  10.5.2. MexicoIT Professional Services Market
10.6. Rest of The World IT Professional Services Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Top Market Strategies
11.2. Company Profiles
  11.2.1. Accenture Plc
    11.2.1.1. Key Information
    11.2.1.2. Overview
    11.2.1.3. Financial (Subject to Data Availability)
    11.2.1.4. Product Summary
    11.2.1.5. Recent Developments
  11.2.2. Datto, Inc.
  11.2.3. Capgemini Technology Services India Limited
  11.2.4. International Business Machines Corporation
  11.2.5. DXC Technology Company
  11.2.6. FUJITSU Limited
  11.2.7. Hewlett Packard Enterprise Development LP
  11.2.8. Microsoft Corporation
  11.2.9. Oracle Corporation
  11.2.10. VMware, Inc.

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global IT Professional Services Market, report scope
TABLE 2. Global IT Professional Services Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global IT Professional Services Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 4. Global IT Professional Services Market estimates & forecasts by Deployment 2019-2029 (USD Billion)
TABLE 5. Global IT Professional Services Market estimates & forecasts by Enterprise-size 2019-2029 (USD Billion)
TABLE 6. Global IT Professional Services Market estimates & forecasts by End-user 2019-2029 (USD Billion)
TABLE 7. Global IT Professional Services Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global IT Professional Services Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global IT Professional Services Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global IT Professional Services Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global IT Professional Services Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global IT Professional Services Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global IT Professional Services Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global IT Professional Services Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global IT Professional Services Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. Global IT Professional Services Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 18. U.S. IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. U.S. IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 21. Canada IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. Canada IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 24. UK IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. UK IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 27. Germany IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. Germany IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 30. FranceIT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. FranceIT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. ItalyIT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 33. ItalyIT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. ItalyIT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. SpainIT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 36. SpainIT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. SpainIT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoEIT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 39. RoEIT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. RoEIT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 42. China IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. China IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 45. India IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. India IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 48. Japan IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. Japan IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 51. South Korea IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. South Korea IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 54. Australia IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. Australia IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 57. RoAPAC IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. RoAPAC IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 60. Brazil IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Brazil IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 63. Mexico IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. Mexico IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 66. RoLA IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. RoLA IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row IT Professional Services Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 69. Row IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. Row IT Professional Services Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global IT Professional Services Market
TABLE 72. List of primary sources, used in the study of global IT Professional Services Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global IT Professional Services Market, research methodology
FIG 2. Global IT Professional Services Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global IT Professional Services Market, key trends 2021
FIG 5. Global IT Professional Services Market, growth prospects 2022-2029
FIG 6. Global IT Professional Services Market, porters 5 force model
FIG 7. Global IT Professional Services Market, pest analysis
FIG 8. Global IT Professional Services Market, value chain analysis
FIG 9. Global IT Professional Services Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global IT Professional Services Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global IT Professional Services Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global IT Professional Services Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global IT Professional Services Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global IT Professional Services Market, regional snapshot 2019 & 2029
FIG 15. North America IT Professional Services Market2019 & 2029 (USD Billion)
FIG 16. Europe IT Professional Services Market2019 & 2029 (USD Billion)
FIG 17. Asia pacific IT Professional Services Market2019 & 2029 (USD Billion)
FIG 18. Latin America IT Professional Services Market2019 & 2029 (USD Billion)
FIG 19. Global IT Professional Services Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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