IT Consulting & Implementation - MENA

Revenue in the IT Consulting & Implementation market is projected to reach US$1.70bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.51%, resulting in a market volume of US$2.12bn by 2029.
The average Spend per Employee in the IT Consulting & Implementation market is projected to reach US$8.64 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 MENA is experiencing significant growth and development. Customer preferences in the IT Consulting & Implementation market in MENA are driven by the increasing demand for digital transformation and the need to stay competitive in the global market.

Businesses in the region are increasingly recognizing the importance of technology in driving innovation and efficiency. As a result, they are seeking the expertise of IT consulting and implementation firms to help them navigate the complex landscape of digital transformation and implement effective IT solutions. Trends in the market indicate a growing focus on cloud computing, cybersecurity, and data analytics.

Cloud computing allows businesses to access and store data remotely, providing greater flexibility and scalability. With the increasing threat of cyber attacks, cybersecurity has become a top priority for businesses in the region. IT consulting and implementation firms are helping businesses protect their data and systems from cyber threats through the implementation of robust security measures.

Data analytics is also gaining traction in the region, as businesses recognize the value of data-driven insights in making informed decisions and driving growth. Local special circumstances in the MENA region contribute to the development of the IT Consulting & Implementation market. The region is home to a young and tech-savvy population, which creates a strong demand for IT services.

Additionally, governments in the region are investing heavily in digital infrastructure and initiatives to promote innovation and entrepreneurship. These factors provide a conducive environment for the growth of the IT Consulting & Implementation market in MENA. Underlying macroeconomic factors also play a role in the development of the IT Consulting & Implementation market in MENA.

The region has a growing economy, driven by industries such as oil and gas, construction, and tourism. As businesses in these sectors seek to leverage technology to improve their operations and remain competitive, the demand for IT consulting and implementation services increases. Furthermore, the region's strategic location between Europe, Asia, and Africa makes it an attractive market for multinational companies, further driving the demand for IT services.

In conclusion, the IT Consulting & Implementation market in MENA is experiencing significant growth and development, driven by customer preferences for digital transformation and the need to stay competitive. The market is characterized by a focus on cloud computing, cybersecurity, and data analytics. Local special circumstances, such as a young and tech-savvy population and government initiatives to promote innovation, contribute to the market's development.

Underlying macroeconomic factors, including a growing economy and strategic location, further support the growth of the IT Consulting & Implementation market in MENA.

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.