The IT Professional Services Market is growing due to cloud, AI, and automation adoption, with strong demand across industries.
Pune, March 03, 2025 (GLOBE NEWSWIRE) — IT Professional Services Market Size Analysis:
“The IT Professional Services Market was valued at USD 870.55 billion in 2023 and is projected to reach USD 1,983.82 billion by 2032, expanding at a CAGR of 9.62% from 2024 to 2032.”
Get a Sample Report of IT Professional Services Market@ https://www.snsinsider.com/sample-request/5783
Major Players Analysis Listed in this Report are:
- Accenture (Accenture Cloud, Accenture myNav)
- Amazon Web Services (Amazon EC2, Amazon S3)
- Atera Networks Ltd. (Atera RMM, Atera MSP)
- Capgemini (Capgemini Cloud Services, Capgemini Digital Transformation)
- Datto, Inc. (Datto Backup, Datto Continuity)
- DXC Technology Company (DXC Managed Services, DXC Cloud Services)
- FUJITSU (Fujitsu Cloud Services, Fujitsu Digital Transformation)
- HELIXSTORM (HelixStorm IT Management, HelixStorm Network Monitoring)
- Hewlett Packard Enterprise Development LP (HPE Cloud, HPE Servers
- International Business Machines Corporation (IBM) (IBM Cloud, IBM Watson)
- Microsoft Corporation (Azure, Microsoft 365)
- Oracle Corporation (Oracle Cloud, Oracle Database)
- ScienceSoft USA Corporation (ScienceSoft IT Consulting, ScienceSoft Cloud Services)
- Veritis Group Inc. (Veritis Cloud Services, Veritis IT Consulting)
- VMware, Inc. (VMware vSphere, VMware Cloud)
- NTT DATA (NTT Data Cloud, NTT Data Consulting)
- Newpara (Newpara IT Services, Newpara Cloud Solutions)
- Cognizant (Cognizant Cloud, Cognizant Digital Transformation)
- LTI (Larsen Toubro Infotech) (LTI Digital Transformation, LTI Cloud Services)
- Wipro (Wipro Cloud, Wipro IT Solutions)
- HCL Technologies (HCL Cloud Services, HCL IT Solutions)
- TCS (Tata Consultancy Services) (TCS Cloud, TCS IT Services)
- Infosys (Infosys Cloud, Infosys Digital Transformation)
- Atos (Atos Cloud, Atos Digital Transformation)
- Tech Mahindra (Tech Mahindra IT Solutions, Tech Mahindra Cloud Services)
IT Professional Services Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | USD 870.55 Billion |
| Market Size by 2032 | USD 1983.82 Billion |
| CAGR | CAGR of 9.62% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Key Growth Drivers | Digital Transformation Drives Demand for IT Professional Services in Cloud, AI, and Automation Integration and Optimization |
Do you have any specific queries or need any customization research on IT Professional Services Market, Make an Enquiry Now@ https://www.snsinsider.com/enquiry/5783
Growth Demand and Future Opportunities in the IT Professional Services Market
The IT Professional Services Market is projected to grow substantially, fuelled by the increasing acceptance of cloud computing, AI, and automation across sectors. Organizations are also looking for IT consulting, service system integration, and managed services to improve their operation efficiency and cyber security. An increasing urge to go for specialized IT services is being propelled by rapid digital transformation in all sectors from BFSI to healthcare to retail.
Future opportunities lie in emerging technologies such as blockchain, edge computing, and quantum computing, which are reshaping business operations. The increasing reliance on data analytics and AI-driven solutions is also opening new revenue streams. Moreover, SMEs’ growing demand for cost-effective IT solutions presents a lucrative market expansion avenue.
By Type, Project-Oriented Services Leading IT Professional Services Market, ITO Services Segment Poised for Fastest Growth
The Project-Oriented Services segment had the largest share of the IT Professional Services Market, accounting for nearly 38% of total revenue in 2023. This dominance is fueled by the increasing demand for tailored solutions to manage intricate, large-scale initiatives. They need advisory services to plan, deploy, and manage any related programs involving new technologies, capital programs, and customized solutions, with a focus on driving revenue more securely and supporting market leadership.
The ITO Services segment is projected to grow at the highest CAGR of 10.86% from 2024 to 2032, driven by the increasing transition of businesses to IT outsourcing. As a result, companies are focusing on cost reduction, operational efficiency, IT infrastructure management, software development, and system integration with the help of specialized expertise. This rapid expansion is further fueled by the ascendance of cloud computing, automation and cybersecurity solutions.
By Deployment, Cloud Segment Dominates IT Professional Services Market, On-Premise Segment Expected to Grow Fastest
In 2023, the Cloud segment dominated the IO Professional Service Market, contributing nearly 68% of overall revenue as businesses increasingly adopted cloud computing solutions. Organizations are migrating workloads to the cloud to improve scalability, flexibility, and cost efficiency. The growing need for cloud-based services such as SaaS, IaaS, and PaaS further cements the market dominance of this segment.
The On-Premise segment is projected to grow at the highest CAGR of approximately 11.54% from 2024 to 2032, as organizations tend to prioritize security of data, regulatory compliance, and control over IT infrastructure. Companies, especially in healthcare and finance, are investing in secure, tailored, and entirely managed information technology systems, resulting in this industry experiencing unprecedented growth.
By Enterprise-size, Large Enterprises Segment Leads IT Professional Services Market, SMEs Segment Poised for Fastest Growth
The Large Enterprises segment dominated the IT Professional Services Market in 2023, securing approximately 63% of total revenue. This leadership stems from extensive investments in state-of-the-art technologies, extensive IT infrastructure, and massive-scale digital transformation initiatives. Big companies need high-end, specialized IT services to manage complex systems, data analytics, security and cloud integrations that further strengthens their market position and revenue share.
The Small & Medium-Sized Enterprises segment is expected to register the highest CAGR of approximately 10.85% from 2024 to 2032. SMEs are progressively using IT services for better scalability, cost-effectiveness, and competitiveness. The increasing adoption of cloud computing, AI, and automation is driving demand for professional IT services, allowing SMEs to streamline operations, optimize processes, and enhance customer experiences, fostering rapid market expansion.
By End-Use, Technology Companies Segment Leads IT Professional Services Market, Marketing & Communication Companies Segment Set for Fastest Growth
The Technology Companies segment dominated the IT Professional Services Market in 2023, capturing approximately 43% of total revenue. This supremacy can be attributed to ongoing innovation and technological advancement. For the optimization of operations, improvement of product offerings, and incorporation of innovative solutions these organizations invest high amount in IT services.
The Marketing & Communication Companies segment is projected to grow at the highest CAGR of approximately 11.93% from 2024 to 2032. Businesses are increasingly leveraging IT professional services to strengthen digital marketing strategies, data analytics, and customer engagement. The rising demand for AI-powered solutions, digital advertising, content creation, and market research is accelerating growth.
IT Professional Services Market Segmentation:
By Type
- Project-oriented Services
- ITO Services
- IT Support & Training Services
- Enterprise Cloud Computing Services
By Deployment
- On-premise
- Cloud
By Enterprise-size
- Small & Medium-sized Enterprises (SMEs)
- Large Enterprises
By End-Use
- Technology Companies
- Consulting Companies
- Marketing & Communication Companies
- Others
Buy an Enterprise-User PDF of IT Professional Services Market Analysis & Outlook 2024-2032@ https://www.snsinsider.com/checkout/5783
North America Leads IT Professional Services Market with Highest Revenue Share, Europe Set for Fastest Growth
In 2023, North America had the largest IT Professional Services Market share, accounting for nearly 39% of total revenue. This leadership is the result of its advanced technological infrastructure, early implementations of digital solutions, and strong needs for IT services across all industries. A robust talent pool and robust support from the federal government also contribute to the region’s status.
Europe is anticipated to grow at the fastest CAGR of around 11.43% during the forecast period 2024–2032, due to rise in digital transformation, automation, and cybersecurity initiatives. Today, businesses are increasingly turning towards cloud computing, AI-based solutions, and data analytics to improve their operations. Moreover, stringent regulatory compliance requirements are resulted in demand for skilled IT professional services.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. IT Professional Services Market Segmentation, By Type
8. IT Professional Services Market Segmentation, By Deployment
9. IT Professional Services Market Segmentation, By End-Use
10. IT Professional Services Market Segmentation, By Enterprise-size
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
Access Complete Report Details of IT Professional Services Market Analysis Report 2024-2032@ https://www.snsinsider.com/reports/it-professional-services-market-5783
[For more information or need any customization research mail us at info@snsinsider.com]
SNS Insider Offering/ Consulting Services:
Go To Market Assessment Service
Total Addressable Market (TAM) Assessment
Competitive Benchmarking and Market Share Gain
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.