IT Consulting & Implementation - Greece

Revenue in the IT Consulting & Implementation market is projected to reach US$73.91m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.24%, resulting in a market volume of US$86.67m by 2029.
The average Spend per Employee in the IT Consulting & Implementation market is projected to reach US$15.31 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

Greece, known for its ancient history and beautiful islands, has been experiencing a growth in the IT Consulting & Implementation market.

Customer preferences: Greek businesses have been increasingly interested in IT consulting services to improve their operational efficiency, reduce costs, and enhance their digital presence. This trend has been driven by the need to keep up with technological advancements and remain competitive in the global market. Small and medium-sized businesses have been particularly interested in IT consulting services due to their limited resources and expertise in the field.

Trends in the market: One of the major trends in the IT Consulting & Implementation market in Greece is the adoption of cloud computing services. Greek businesses have been transitioning from traditional on-premise IT infrastructure to cloud-based solutions to reduce costs and improve scalability. Another trend is the increasing demand for cybersecurity services, as businesses have become more aware of the importance of protecting their data and systems against cyber threats.

Local special circumstances: Greece has a highly skilled workforce in the IT sector, with many professionals having studied and worked abroad. This has led to the development of a strong IT industry in the country, with many startups and established companies offering innovative solutions to businesses. Additionally, the Greek government has been investing in the IT sector, providing funding and support for startups and initiatives to promote digital transformation in businesses.

Underlying macroeconomic factors: The growth in the IT Consulting & Implementation market in Greece can be attributed to the country's improving economic conditions. Following the economic crisis that hit Greece in 2008, the country has been making efforts to reform its economy and attract foreign investment. The government has implemented policies to reduce bureaucracy and improve the business environment, which has led to an increase in foreign investment and growth in the private sector. As a result, businesses have been more willing to invest in IT consulting services to improve their competitiveness and take advantage of new opportunities.

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.