Lucintel Estimates Global IT Consulting and Integration Services Market to Reach US 4 Billion in 2017
Irving, Texas (PRWEB) June 27, 2012
Increasing IT spending and economic growth in the emerging economies is expected to drive the global IT consulting and integration services industry, and the IT consulting market is expected to reach an estimated US $ 434 billion in 2017 with CAGR of 5.2% over the next five years (2012-2017).
Lucintel, a leading global management consulting and market research firm, has analyzed the global IT consulting and integration services industry and presents its findings in Global IT Consulting and Integration Services Industry2012-2017:Trend, Profit, and Forecast Analysis.
The global IT consulting and integration services industry is fragmented and consists of IT consulting and advisory services that help companies analyze and improve the efficiency of business operations and technology strategies. North America dominates this industry.
Although the high volatility in currency exchange rates and lack of talent pool are major challenges for the IT consulting and integration services industry, new technology and services such as cloud computing and software-as-a-Services (SaaS) are driving the demand for IT consulting services. Sectors such as transportation, power, water plants, and property constructions are the opportunity drivers for the system integration vendors for projects such as ERP.
Lucintels research indicates that software such as ERP, SCM, and CRM are in high demand in the manufacturing, banking, and the financial sectors, especially in China and India. APAC emerged as the fastest growing region during the last five years (2006-2011) and is projected to lead the industry and grow at highest rate during forecast period. A combination of factors such as IT spending and economic growth impact Industry dynamics significantly.
This study provides a concise overview of the global IT consulting and integration services industry. This report tracks four regions of the industry. This report does not include revenue from manufacturing of tangible IT Product and development of software.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.
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