IT Consulting & Implementation - Mongolia

The IT Consulting & Implementation market in Mongolia is anticipated to witness a significant growth in its revenue, with projections indicating that it will reach US$6.75m by 2025.
Moreover, this market segment is expected to exhibit a compound annual growth rate (CAGR 2025-2029) of 4.23%, resulting in a market volume of US$7.96m by 2029.
In terms of the average Spend per Employee, it is estimated to reach US$4.79 in 2025.
When compared globally, United States is projected to generate the highest revenue, amounting to US$28.39bn in 2025.
Despite its relatively small IT market, Mongolia is experiencing a growing demand for IT consulting and implementation services, driven by the country's increasing digitalization efforts.

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.

For more information on the data displayed, use the info button right next to the boxes.

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

IT Consulting & Implementation: market data & analysis

The IT Consulting & Implementation market in Mongolia has been steadily developing in recent years, driven by various factors such as increasing demand for digital transformation and the growing need for efficient business processes.

Customer preferences: Mongolian businesses are increasingly seeking out IT consulting and implementation services to help them navigate the digital landscape. With the rise of e-commerce and online platforms, businesses are looking to implement new technologies that can help them streamline their operations and reach new customers. Additionally, many businesses are looking to upgrade their existing IT infrastructure to improve security and efficiency.

Trends in the market: One of the key trends in the IT Consulting & Implementation market in Mongolia is the growing popularity of cloud-based solutions. As businesses look to digitize their operations, many are turning to cloud-based services to help them store and manage data more effectively. This trend is likely to continue as more businesses look to move their operations online.Another trend in the market is the increasing demand for cybersecurity services. As businesses become more reliant on technology, the risk of cyberattacks also increases. Many businesses are turning to IT consulting firms to help them implement security measures and protect their data from cyber threats.

Local special circumstances: One of the unique challenges facing the IT Consulting & Implementation market in Mongolia is the country's relatively small population and limited IT infrastructure. While this presents challenges, it also creates opportunities for businesses to innovate and develop new solutions tailored to the local market. Additionally, the government has been investing in the development of the country's IT sector, which is likely to create new opportunities for businesses in the industry.

Underlying macroeconomic factors: The growth of the IT Consulting & Implementation market in Mongolia is also influenced by broader macroeconomic factors. The country has been experiencing steady economic growth in recent years, which has created new opportunities for businesses across various sectors. Additionally, the government has been implementing policies to promote the development of the IT sector, which is likely to create new opportunities for businesses in the industry. However, Mongolia's economy remains heavily reliant on the mining sector, which creates some uncertainty and volatility in the market.

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.

IT Consulting & Implementation - Mongolia

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