IT Consulting & Implementation - China

China

Revenue in the IT Consulting & Implementation market is projected to reach €4.11bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.88%, resulting in a market volume of €5.47bn by 2029.
The average Spend per Employee in the IT Consulting & Implementation market is projected to reach €5.22 in 2024.
In global comparison, most revenue will be generated in the United States (€25,240.00m in 2024).

Key regions: Brazil, Netherlands, Spain, Italy, Japan

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Región

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Analyst Opinion

The IT Consulting & Implementation market in China has been experiencing significant growth in recent years.

Customer preferences: Chinese customers have shown a growing interest in IT consulting and implementation services as they seek to optimize their business operations and improve efficiency. With the rise of e-commerce and digitalization, companies are increasingly turning to IT consultants to help them navigate the complex technological landscape and stay ahead of the competition.

Trends in the market: One of the key trends in the IT Consulting & Implementation market in China is the increasing demand for cloud computing services. As more and more companies move their operations online, the need for cloud-based solutions is only set to grow. Additionally, there has been a shift towards more specialized IT consulting services, with firms offering expertise in areas such as cybersecurity, big data analytics, and artificial intelligence.

Local special circumstances: China's unique business environment has also contributed to the growth of the IT Consulting & Implementation market. The country's rapid economic development has created a highly competitive marketplace, with companies constantly seeking new ways to innovate and improve their operations. Furthermore, China's large population and vast geographic size have led to a diverse range of industries and business models, each with their own unique IT needs.

Underlying macroeconomic factors: China's strong economic growth and increasing investment in technology infrastructure have also played a role in the expansion of the IT Consulting & Implementation market. The government's "Made in China 2025" initiative, which aims to transform the country into a high-tech manufacturing powerhouse, has led to increased investment in areas such as robotics, automation, and advanced materials. This has created new opportunities for IT consulting firms to provide specialized expertise and support to companies in these emerging industries. Additionally, China's Belt and Road Initiative, which seeks to boost trade and economic ties with countries across Asia, Europe, and Africa, has created new opportunities for IT consulting firms looking to expand their global footprint.

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.