Consulting Services Market Size and Forecast (by Country, IT Solution Area, Size Band and Vertical) to 2027
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Consulting and Integration Services Market Overview
The global Consulting and Integration Services market was valued at US$ 343.47 billion in 2022 and will grow at a compounded annual growth rate (CAGR) of 7.76% to reach a value of US$ 499.12 billion by 2027. The cumulative revenue generation opportunities for Consulting and Integration Services providers is estimated at US$ 2488.3 billion between 2022 to 2027.
Consulting and Integration Services Market Outlook, 2022-2027 (US$ Billion)
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The Consulting and Integration Services market opportunity forecast report provides the total addressable market for the Consulting and Integration Services solutions from 2019 to 2027.
|Market Size (2022)||US$ 343.47 billion|
|Market Size (2027)||US$ 499.12 billion|
|Key Regions||· North America
· South & Central America
· Western Europe
· Central & Eastern Europe
· Middle East & Africa
· Asia Pacific
|Key Verticals||· Manufacturing
· Information Technology
· Retail Banking
· Transport and Logistics
· Consumer Goods
· Financial Markets
· Travel and Leisure
· Medical Devices
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Consulting and Integration Services Market Segmentation by Region
The Consulting and Integration Services market is geographically segmented into North America, South & Central America, Western Europe, Central & Eastern Europe, the Middle East & Africa, and the Asia Pacific.
The Asia Pacific region dominated the Consulting and Integration Services market with a revenue share of 34.3% in 2022. Undoubtedly, the China is the largest market with a market share of 31.9% in the Consulting and Integration services market in this region. Furthermore, North America and Western Europe held the second and third position of the market with a share of 30.6% and 18.1%, respectively.
Consulting and Integration Services Market Analysis by Region, 2022 (%)
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Consulting and Integration Services Market Segmentation by Vertical
Manufacturing, Information Technology, Retail, Retail Banking, Insurance, Government, Construction, Healthcare, Transport and Logistics, Energy and Consumer Goods among others are some of the key end-use industries using Consulting and Integration Services in their operations.
In terms of vertical end-use segments, the Manufacturing Sector is the largest segment with 9.4% market share, followed by the Information Technology sector. Additionally, the Consulting and Integration Services market for energy sector is anticipated to be the fastest growing segment recording an estimated CAGR of 9.61% during the forecast period.
Consulting and Integration Services Market Analysis by Verticals, 2022 (%)
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Consulting and Integration Services Market - Competitive Landscape
The major players significantly impacting the Consulting and Integration Services market are Microsoft Corporation, Synnex Corp, IBM Corporation, Accenture, and Fujitsu Limited among others.
Leading Consulting and Integration Services Companies
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This product provides revenue opportunity forecasts in the Consulting and Integration Services market from 2019 to 2027, spanning 52 geographical markets, 6 regions and 22 verticals.
- The global Consulting and Integration Services market is expected to grow at a CAGR of 7.76% over the forecast period.
- The global Consulting and Integration Services market over the forecast period is expected to be led by Asia Pacific with a share of 34.3%, followed by North America and Western Europe with shares of 30.6% and 18.1%, respectively. The Middle East, Africa, Central and Eastern Europe, and South and Central America together are expected to account for the remaining market share of 17.0%.
Reasons to Buy
- Access the current state and expected growth (next 5 years) of the Consulting and Integration Services
- Determine the most lucrative sectors for Consulting and Integration Services considering their current contribution to the overall Consulting and Integration Services market and their expected contribution to the growth of the market over the next 5 years.
- Identify the geographies/countries who would be the contributors to the growth of Consulting and Integration Services market over the next 5 years.
Frequently asked questions
What was the Consulting and Integration Services market size in 2022?
The global Consulting and Integration Services market size was estimated at US$ 343.47 billion in 2022 and is expected to reach US$ 367.65 billion in 2023.
What is the Consulting and Integration Services market growth?
The global Consulting and Integration Services market is expected to grow at a compound annual growth rate of 7.76% over the forecast period to reach US$ 499.12 billion by 2027.
Which industry vertical led the Consulting and Integration Services market in 2022?
The Manufacturing sector was the largest vertical with 9.4% market share in 2022.
Which region accounted for the largest Consulting and Integration Services market share?
The Asia Pacific region dominated the Consulting and Integration Services market with 34.3% market share in 2022.
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