IT Professional Services Market, By Type (Project-oriented Services, ITO Services, IT Support and Training Services, and Enterprise Cloud Computing Services), By Application (Technology Companies, Consulting Companies, and Marketing & Communication Companies), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Report Code: PMI340919 | Publish Date: April 2024 | No. of Pages: 180

Global IT Professional Services Market Overview

IT Professional Services Market accounted for US$ 654.34 billion in 2020 and is estimated to be US$ 1987.47 billion by 2030 and is anticipated to register a CAGR of 11.9%.

A professional service that takes a contract or product a vendor sells to help a customer manage a specific part of their business. The services include firewalls, anti-virus software, web filtering, patch management, built-in VPNs, and regularly scheduled check-ups from your IT service provider. Help desk support is a prominent a vital tool for any business that doesn’t have an in-house IT team. Professional services contain Services of doctors, CA, tax consultancy services, project monitoring services, etc. These agencies have specialized knowledge about a particular domain and their work allows an owner to focus on core business programs. They sell expertise rather than a product that helps a business to grow in a particular area. This is important for all organizations and businesses to run smoothly with technological difficulty.

Global IT Professional Services Market Drivers & Restraints

Rising demand by businesses and organizations

Globalization is growing and competition between the companies is powering, this in turn increases their base of customers. The rapid adoption of the cloud can also be attributed to the plethora of offerings offered by the cloud providers. CPS vendors are expanding their offerings by integrating new technologies such as AI and ML hence drives the growth of this market. The benefits such as increasing efficiency, budget-friendly services, low risks, and rivalry among different enterprises create a demand for professional services.

However, the chances of cyber-attacks, loss of data, stealing crucial information, etc. can hamper the growth of the IT professional’s market. Moreover, evolving unfavorable laws, and regulations could harm businesses.

Global IT Professional Services Market Segmentations & Regional Insights

IT professional services market is segmented based on type, application, and region.

On the basis of type, the global IT professional services market is segmented into project-oriented services, ITO services, IT support and training services, and enterprise cloud computing services. On the basis of application, the target market is segmented into technology companies, consulting companies, and marketing & communication companies.

Regional Insights:

In the region, the global IT professional services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the dominating region in the global IT sector. In the world, the USA has advanced infrastructure for IT and technology. The Asia Pacific is projected to have the maximum development during the forecast period. As the developing markets continue to grow well, the necessity for centered professionals’ services is expected to experience substantial development.

Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2030

Market Segmentation

By Type- Project-Oriented Services, ITO Services, IT Support and Training Services, and Enterprise Cloud Computing Services

By Application– Technology Companies, Consulting Companies, and Marketing & Communication Companies

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global IT professional services market report based on type, application, and region.

IT Professional Services Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Global IT Professional Services Market Competitive Landscape & Key Players

The key players operating in the IT professional services market includes Accenture PLC, Autotask Corporation, Capgemini SA, DXC Technology Company, Fujitsu Limited, Hewlett Packard Enterprise Development LP (H.P.E.), International Business Machines (IBM) Corporation, Microsoft Corporation, Oracle Corporation

Global IT Professional Services Market Company Profile

  • Accenture PLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Autotask Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Capgemini SA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DXC Technology Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fujitsu Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hewlett Packard Enterprise Development LP (H.P.E.)
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • International Business Machines (IBM)
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Microsoft Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Oracle Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

FAQs

The global IT professional services market is segmented based on type, application, and region.

Rising demand of cloud management is the major factor driving growth of the global market.

North America is the dominating region in the global IT sector. In the world, USA has advanced infrastructure for IT and technology. The Asia Pacific is projected to take the maximum development during the forecast period.

Key players operating in the global IT professional services market includes Accenture PLC, Autotask Corporation, Capgemini SA, DXC Technology Company, Fujitsu Limited, Hewlett Packard Enterprise Development LP (H.P.E.), International Business Machines (IBM) Corporation, Microsoft Corporation, Oracle Corporation.