IT Consulting & Implementation - Turkey

Turkey

The IT Consulting & Implementation market in Turkey is projected to see a substantial increase in revenue, reaching US$181.20m by 2024.
This market segment is expected to exhibit a steady annual growth rate (CAGR 2024-2029) of 4.15%, resulting in a market volume of US$222.10m by 2029.
In terms of spending per employee, the average is projected to reach US$5.02 in 2024.
When compared globally, United States is expected to generate the highest revenue in this market segment, with an estimated US$27,220.00m in 2024.
The demand for IT consulting and implementation services in Turkey is surging due to the country's rapid digital transformation and increasing emphasis on technology-driven solutions.

Key regions: Brazil, Italy, India, Germany, Netherlands

Market

Region

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Currency

Analyst Opinion

The IT Consulting & Implementation market in Turkey has experienced steady growth in recent years.

Customer preferences: Turkish businesses have increasingly turned to IT consulting and implementation services to improve their operations and remain competitive in the global market. Many companies are seeking to modernize their IT systems and processes, and are turning to consulting firms to help them do so. Additionally, the rise of digitalization has led to a growing demand for IT services across all industries.

Trends in the market: One trend in the IT Consulting & Implementation market in Turkey is the increasing adoption of cloud computing solutions. Many businesses are opting to move their operations to the cloud in order to reduce costs and improve scalability. As a result, consulting firms that specialize in cloud computing are seeing significant growth.Another trend is the growing importance of cybersecurity. With the rise of cyber threats and data breaches, many businesses are seeking to enhance their cybersecurity measures. This has led to an increase in demand for IT consulting firms that specialize in cybersecurity.

Local special circumstances: One unique aspect of the IT Consulting & Implementation market in Turkey is the government's focus on developing the country's technology sector. The government has launched several initiatives aimed at promoting innovation and entrepreneurship in the tech industry. This has led to a growing number of startups and a thriving tech ecosystem in the country.

Underlying macroeconomic factors: Turkey's growing economy has played a significant role in the development of the IT Consulting & Implementation market. As businesses have become more prosperous, they have been able to invest more in technology and IT services. Additionally, the country's strategic location between Europe and Asia has made it an attractive destination for international businesses looking to expand their operations. This has led to a growing demand for IT consulting and implementation services in Turkey.

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.