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IT professional services Market size in EMEA to grow by USD 167.43 billion between 2023 - 2028,Growth Driven by Robust adoption of cloud-based solutions - Technavio
Saturday, December 9, 2023
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- The IT professional services Market in EMEA report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the IT professional services market in EMEA between 2023 and 2028 is USD 167.43 billion.
Robust adoption of cloud-based solutions drives market growth in EMEA. The regional companies are increasingly migrating to the cloud, with a growing interest in hybrid and multi-cloud solutions. The need for substantial upfront investments in hardware and infrastructure is eliminated by cloud solutions. These services enable IT professionals to quickly deploy applications, services, and infrastructure for their clients. Such agility is crucial when clients need to respond rapidly to changing MEA IT professional services market conditions. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
-- Market Challenge - Complex and time-consuming technology adoption
challenges market growth. There are skill gaps created in the workforce
due to the adoption of rapid technological advancements. Thus, IT
professionals struggle to keep up with the latest developments, which
leads to a shortage of talent with the necessary expertise. Substantial
upfront costs for IT service providers, including investments in
hardware, software, and training are required to keep up with the
technological advancements, hindering the regional market growth. Learn
about additional key drivers, trends, and challenges available with
Technavio. Read a Sample PDF Report Now
The IT professional services market in EMEA is segmented based on Type (Project-oriented services, Information technology outsourcing, IT supporting and training services, and Enterprise cloud computing services) and End-user (Large enterprises, Small, and medium enterprises).
-- The project-oriented services segment will be a significant contributing
segment to the overall market growth. These services are witnessing high
demand across various industries due to several factors. The factors
include the need for specialized expertise, flexibility, and the desire
to complete specific tasks or initiatives efficiently. The demand for
this segment can be attributed to factors such as the need for
specialized skills, the desire to complete specific initiatives without
hiring permanent staff, and the flexibility to scale up or down as
needed.
View a FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the IT professional services market in EMEA:
Accenture Plc, Amadeus IT Group SA, Amazon.com Inc., Atos SE, Capgemini Service SAS, Dassault Systemes SE, Datto Holdings Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Hexagon AB, Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, Siemens AG, Tata Consultancy Services Ltd.
Related Reports:
The IT professional services market size is estimated to grow at a CAGR of 9.09% between 2022 and 2027. The market size is forecast to increase by USD 461.56 billion.
The Latin America information technology (IT) services market is estimated to grow at a CAGR of 8.7% between 2022 and 2027. IT services market size in Latin America is forecast to increase by USD 49,380.19 million.
IT Professional Services Market Scope in EMEA
Report Coverage
Details
Base year 2023
Historic period
2018-2022
Forecast period
2024-2028
Growth momentum & CAGR Accelerate at a CAGR of 8.74%
Market growth 2024-2028
USD 167.43 billion
Market structure
Fragmented
YoY growth 2022-2023 (%) 8.26
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled Accenture Plc, Amadeus IT Group SA, Amazon.com Inc., Atos SE, Capgemini Service SAS, Dassault Systemes SE, Datto Holdings
Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise
Co., Hexagon AB, Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, Siemens AG,
and Tata Consultancy Services Ltd.
Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19
impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments
customized.
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by End-user
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
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SOURCE Technavio
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