IT Consulting & Implementation - Eastern Asia

Revenue in the IT Consulting & Implementation market is projected to reach US$6.89bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.31%, resulting in a market volume of US$8.51bn by 2029.
The average Spend per Employee in the IT Consulting & Implementation market is projected to reach US$7.54 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 Eastern Asia is evolving rapidly with the rise of digitalization and technological advancements.

Customer preferences: Customers in Eastern Asia are increasingly seeking IT consulting and implementation services to help them optimize their business processes, increase efficiency, and improve customer experience. They are also looking for customized solutions that can be tailored to their specific needs and requirements. Moreover, with the growing awareness of cybersecurity threats, customers are prioritizing IT security and risk management services.

Trends in the market: In China, the IT Consulting & Implementation market is booming due to the government's initiatives to promote digitalization and innovation. The country's large population and extensive use of mobile devices have also contributed to the growth of the market. In Japan, the market is driven by the need to modernize legacy systems and adopt new technologies such as cloud computing and artificial intelligence. South Korea is also witnessing a surge in demand for IT consulting and implementation services, particularly in the areas of cybersecurity and data analytics.

Local special circumstances: In China, the government's "Made in China 2025" initiative is driving the demand for IT consulting and implementation services. The initiative aims to transform the country into a high-tech manufacturing powerhouse and requires the adoption of advanced technologies such as the Internet of Things (IoT) and artificial intelligence (AI). In Japan, the aging population and shrinking workforce have led to a shortage of skilled IT professionals, creating opportunities for consulting and implementation firms to provide expertise. South Korea, on the other hand, is facing increasing cybersecurity threats from North Korea, leading to a greater emphasis on IT security services.

Underlying macroeconomic factors: The IT Consulting & Implementation market in Eastern Asia is largely influenced by the region's economic growth and technological advancements. The rise of digitalization and the adoption of new technologies by businesses are driving the demand for consulting and implementation services. Additionally, government initiatives to promote innovation and modernization are creating new opportunities for IT firms. However, geopolitical tensions and trade disputes could potentially impact the growth of the market in the future.

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.