IT Consulting in the US - Industry Market Research Report

IT Consulting in the US - Industry Market Research Report

  • December 2020 •
  • 54 pages •
  • Report ID: 199086 •
  • Format: PDF
Tech support: The shift to cloud computing will likely precipitate increased demand for industry services

Abstract

IT Consulting in the US
The IT Consulting industry comprises companies that help businesses design and implement information technology (IT) systems and infrastructure. Due to the low capital requirements of this industry, a modest number of operators are small nonemployers or independent contractors. Over the five years to 2019, shifting technological trends toward cloud computing and data analytics have caused larger operators to acquire smaller companies and develop new products to stay relevant. As the economy continues to strengthen over the five years to 2024, corporate profit will further rise and support increased investment in computers and software. In particular, growth in demand from the Finance and Insurance sector, which represents the largest market for industry operators, is anticipated to benefit the IT Consulting industry. Additionally, the continued shift to cloud computing and the rising use of data analytics will heighten security concerns for businesses, precipitating increased demand for industry services.

The IT Consulting industry includes firms that provide the following services to client companies: writing, testing and supporting custom software; planning and designing integrated hardware, software and communication infrastructure; and on-site management of computer systems and data processing facilities. This industry excludes packaged software publishers and off-site data processing and hosting services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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