Latest News- IT Professional Services Market in EMEA: Project-oriented services is expected to lead the Type segment during 2025-2029

The IT Professional Services Market in EMEA is being driven by Robust adoption of cloud-based solutions

The IT Professional Services Market in EMEA is expected to grow at a CAGR of 9.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 207.9 billion. In the EMEA region, the IT professional services market continues to experience robust demand as businesses pursue digital transformation initiatives. Companies are embracing advanced technologies such as cloud computing, artificial intelligence (AI), the Internet of Things (IoT), and big data analytics to optimize operations and enhance customer experiences. European businesses are increasingly shifting their IT infrastructure and applications to the cloud to secure scalability, flexibility, and cost savings. This transition necessitates the expertise of IT professionals with proficiency in emerging technologies. IT service providers are essential partners for businesses seeking to adopt and integrate these technologies effectively. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Project-oriented services
  • Information technology outsourcing
  • IT supporting and training services
  • Enterprise cloud computing services
• End-user
  • Large enterprises
  • Small and medium enterprises
• Geography
  • EMEA

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Robust adoption of cloud-based solutions
• Growth in e-commerce and online services
• Growing demand for IT professional services in healthcare sector

However, the market also witnesses some limitations, which are as follows:

• Shortage of skilled workforce
• Complex and time-consuming technology adoption
• Lack of quality standards in SLAs

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Market Scope in IT Professional Services Market in EMEA Research Report

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Research Analysis Overview

In the IT Professional Services Market in EMEA, key offerings include talent management and customer relationship solutions, cost reduction strategies through cybersecurity, cloud-based resource management, and scalability solutions. Agile methodologies, automation tools, business process optimization, compliance management, and digital workplaces are also prioritized. Services encompass SLAs, integration, financial reporting, data-driven decisions, business intelligence, and remote team management. Machine learning, project management software, IT outsourcing, DevSecOps, and supply chain management are additional areas of focus. Low-code and no-code development, insurance, digital marketing, and artificial intelligence are emerging trends. Enterprise resource planning, natural language processing, data science, digital strategy, data pipelines, hybrid cloud, data governance, IoT, blockchain, deep learning, and various other advanced technologies complete the IT services landscape.

Market Research Overview

The IT Professional Services Market in EMEA encompasses businesses providing IT consulting and system integration, application, electronic data processing, business process outsourcing, infrastructure, and Internet services. According to Technavio, the global IT consulting and other services market size is determined by the consolidated revenue of companies delivering all types of IT consulting and information management services. This market includes revenues generated through executed IT service contracts. Key growth drivers for this market include increasing government investments in advanced IT infrastructure to address skills gaps, as well as the adoption of delivery processes, resource allocation, resource sharing, remote working, and operational efficiency-enhancing tools to meet escalating customer demand in the face of fierce competition. Businesses are implementing innovative strategies to stay competitive, including the utilization of advanced computing storage solutions to improve operational efficiency and meet customer needs.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/