IT Consulting & Implementation - Austria

Revenue in the IT Consulting & Implementation market is projected to reach US$413.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.78%, resulting in a market volume of US$497.80m by 2029.
The average Spend per Employee in the IT Consulting & Implementation market is projected to reach US$85.37 in 2024.
In global comparison, most revenue will be generated United States (US$27.22bn in 2024).

Definition :
The IT Consulting & Implementation market refers to advisory services provided by professionals and firms that help businesses evaluate their technology strategies and align them with their business strategies or internal processes. IT consulting and implementation services help organizations leverage technology effectively to streamline operations, improve efficiency, enhance security, and achieve their business objectives. Consulting areas include the overall strategy, technology architecture, and implementation. Any non-IT-related business consulting and implementation services are excluded from this analysis.

Additional Information:

The IT Consulting & Implementation market comprises revenues, revenue change, average spend per employee, and a list of the key players in the market and their consolidated revenues. Market values represent revenues that are generated by primary vendors either directly or through distribution channels at the manufacturer price level (excluding VAT). Reported market revenues include spending by enterprises (B2B) and governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed. Key players in the market include Accenture, IBM, Cognizant, TCS, and Infosys.

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IT consulting on general strategy, such as McKinsey & Company, Infosys Consulting, and BCG (Boston Consulting Group)
IT consulting on technology architecture, such as Cognizant Technology Solutions, Atos, and HCL Technologies
IT consulting on implementation, such as Wipro Technologies, Tata Consultancy Services (TCS), and Deloitte

Business process outsourcing, such as IBM, Infosys, and NTT Data
IT outsourcing, such as Capgemini, Cognizant, and Fujitsu
Human Resources Consulting, such as PwC (PricewaterhouseCoopers), Willis Towers Watson, and Aon
Financial Consulting, such as Bain & Company, KPMG, and Oliver Wyman
Non-IT Business Consulting

The IT Consulting & Implementation market in Austria has seen significant growth in recent years, driven by a number of factors.

Customer preferences: Austrian businesses are increasingly turning to IT consulting and implementation services to help them stay competitive in today's rapidly changing digital landscape. Many companies are looking to streamline their operations and improve efficiency through the use of new technologies, such as cloud computing, artificial intelligence, and big data analytics. As a result, there is a growing demand for IT consulting and implementation services that can help businesses leverage these technologies to their advantage.

Trends in the market: One of the key trends in the IT Consulting & Implementation market in Austria is the growing demand for cloud-based solutions. Many businesses are looking to move their IT infrastructure to the cloud in order to reduce costs, improve scalability, and enhance security. This has led to an increase in demand for cloud consulting and implementation services, as well as for cloud-based software solutions.Another trend in the market is the growing importance of data analytics. With more and more businesses relying on data to drive their decision-making processes, there is a growing need for IT consulting and implementation services that can help companies collect, analyze, and interpret data in meaningful ways. This has led to an increase in demand for data analytics consulting services, as well as for software solutions that can help businesses make sense of their data.

Local special circumstances: One of the unique challenges facing the IT Consulting & Implementation market in Austria is the country's relatively small size. With a population of just over 8 million people, Austria is a relatively small market compared to other European countries. This means that IT consulting and implementation firms operating in Austria need to be highly specialized and focused in order to succeed.

Underlying macroeconomic factors: The growth of the IT Consulting & Implementation market in Austria is being driven by a number of macroeconomic factors, including the country's strong economy and highly educated workforce. Austria has a highly developed economy with a strong focus on technology and innovation, which has helped to create a favorable environment for IT consulting and implementation firms. Additionally, Austria has a highly educated workforce, with a large number of people working in the technology sector. This has helped to create a strong pool of talent for IT consulting and implementation firms to draw from.

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Unseen yet omnipresent, Information Technology (IT) services are the invisible gears driving modern organizations. These services support business operations and digital transformation through outsourcing, managed services, security, data management, and cloud computing. By leveraging these services, companies enhance efficiency, reduce costs, and gain competitive advantages in a digital marketplace. Prominent cloud providers worldwide include Amazon Web Services, Microsoft Azure, Google Cloud, and Alibaba Cloud. In the managed services sector, Oracle, Accenture, and IBM are among the largest providers globally.