IT Consulting & Implementation - EU-27

EU-27

Revenue in the IT Consulting & Implementation market is projected to reach US$16.24bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.77%, resulting in a market volume of US$19.54bn by 2029.
The average Spend per Employee in the IT Consulting & Implementation market is projected to reach US$72.39 in 2024.
In global comparison, most revenue will be generated in the United States (US$27,220.00m in 2024).

Key regions: Brazil, Netherlands, Spain, Italy, Japan

Market

Region

Region comparison

Currency

Analyst Opinion

The IT Consulting & Implementation market in EU-27 is experiencing a steady growth in recent years due to the increasing demand for digital transformation and technology adoption across various industries.

Customer preferences: Customers in the EU-27 region are increasingly seeking IT consulting and implementation services to streamline their business processes, improve efficiency, and reduce costs. Small and medium-sized enterprises (SMEs) are also adopting these services to enhance their digital capabilities and remain competitive in the market.

Trends in the market: One of the major trends in the IT Consulting & Implementation market in the EU-27 region is the increasing demand for cloud computing services. This trend is driven by the need for flexible and scalable solutions that can be easily integrated with existing systems. Another trend is the growing interest in artificial intelligence (AI) and machine learning (ML) solutions, which are being adopted by businesses to improve decision-making processes and automate repetitive tasks.

Local special circumstances: The IT Consulting & Implementation market in the EU-27 region is characterized by a high degree of fragmentation, with a large number of small and medium-sized consulting firms operating in the market. These firms offer specialized services to clients in various industries, including healthcare, finance, and manufacturing. Additionally, the market is highly competitive, with firms competing on the basis of pricing, quality of services, and expertise.

Underlying macroeconomic factors: The growth of the IT Consulting & Implementation market in the EU-27 region is driven by several macroeconomic factors, including the increasing adoption of digital technologies by businesses, the need for cost optimization, and the growing demand for innovative solutions that can help businesses stay ahead of the competition. Additionally, the region's strong regulatory environment and stable political climate provide a conducive environment for the growth of the IT Consulting & Implementation market.

Methodology

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.