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IT Consulting & Implementation - GCC

GCC
  • The IT Consulting & Implementation market in the GCC is expected to witness significant growth in the coming years.
  • According to projections, the market's revenue is set to reach US$411.06m by 2025.
  • This growth is anticipated to continue at a compound annual growth rate (CAGR 2025-2029) of 4.03%, resulting in a market volume of US$481.45m by 2029.
  • Looking specifically at the average Spend per Employee in the IT Consulting & Implementation market, it is projected to reach US$12.82 in 2025.
  • This indicates the level of investment and expenditure within the industry.
  • In terms of global comparison, United States is expected to generate the highest revenue in the IT Consulting & Implementation market, reaching US$28.39bn in 2025.
  • This highlights the dominance of the US market in this sector.
  • These numbers demonstrate the growth potential and importance of the IT Consulting & Implementation market in the GCC, as well as its significance on a global scale.
  • The IT Consulting & Implementation market in the GCC is experiencing significant growth due to increased investment in digital transformation initiatives by businesses in the region.

Revenue

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Apr 2024

SOURCE: Statista Market Insights

NOTES: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

MOST_RECENT_UPDATE: Apr 2024

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Apr 2024

SOURCE: Statista Market Insights

Key Players

MOST_RECENT_UPDATE: Dec 2024

SOURCE: Statista Market Insights

Analyst Opinion

The IT Consulting & Implementation market in GCC has been experiencing significant growth in recent years.

Customer preferences:
Many businesses in the GCC region are seeking to digitize their operations and improve their overall efficiency. This has led to an increased demand for IT consulting and implementation services. Customers are also increasingly looking for customized solutions that can help them meet their specific business needs.

Trends in the market:
One trend that is driving growth in the IT Consulting & Implementation market in the GCC is the increasing adoption of cloud computing. Many businesses are moving their operations to the cloud to take advantage of the flexibility and scalability it offers. This has created a need for IT consulting and implementation services to help businesses migrate to the cloud and manage their cloud-based operations.Another trend that is driving growth in the market is the increasing use of data analytics. Businesses are collecting more data than ever before, and they need help analyzing this data to gain insights into their operations and make better decisions. This has created a need for IT consulting and implementation services that can help businesses implement data analytics solutions and make sense of their data.

Local special circumstances:
The GCC region is home to a large number of small and medium-sized enterprises (SMEs). These businesses often lack the resources and expertise to implement complex IT solutions on their own. As a result, there is a significant demand for IT consulting and implementation services that can help these businesses digitize their operations and improve their efficiency.

Underlying macroeconomic factors:
The GCC region has been experiencing rapid economic growth in recent years, driven by factors such as high oil prices and government investment in infrastructure. This has created a favorable business environment for IT consulting and implementation firms, as businesses are looking to invest in technology to improve their operations and stay competitive. Additionally, the region's young and tech-savvy population is driving demand for innovative IT solutions, further fueling growth in the market.

Global Comparison

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Apr 2024

SOURCES: Statista Market Insights, Financial Statements of Key Players, National statistical offices

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.

Technology

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IT Consulting & Implementation: market data & analysis - BackgroundIT Consulting & Implementation: market data & analysis - Cover

Key Market Indicators

NOTES: Based on data from IMF, World Bank, UN and Eurostat

MOST_RECENT_UPDATE: Jan 2025

SOURCE: Statista Market Insights

OUTLOOK_EXPLORE_RELATED_TOPICS

IT services - Statistics & Facts

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.
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