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Technology Advisory Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Starting Price : $4000 | Pages : 175 | Published : January 2021 | SKU CODE : 7797 | Format :


The technology advisory market consists of the sales of technology advisory services by entities (organizations, sole traders and partnerships) that provide advisory services to clients to identify, prioritize, design, and manage their investments in a range of advanced technologies. Technology advisory services provide consultancy on developing technology strategies, technology ideation and prototyping, design digital consulting services, and ways to enhance cybersecurity. Only goods and services traded between entities or sold to end consumers are included.

The global technology advisory market is expected to grow from $129.52 billion in 2020 to $137.66 billion in 2021 at a compound annual growth rate (CAGR) of 6.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $164.97 billion in 2025 at a CAGR of 4.6%.

The technology advisory market covered in this report is segmented by services into application development; cloud services; cybersecurity and privacy; data and analytics; technology strategy and enterprise architecture; others and by end-use into banking; financial services; healthcare; IT and telecom; government; others.

The increasing requirement for simplifying business operating models and IT investment monitoring is a major driver contributing to the growth of the technology advisory market. Technology consulting firms help companies in integrating technology in their business operations and creating better experiences, thereby improving business processes, reducing costs, and maximizing technology-based opportunities. Technology advisory firms also help companies in addressing cybersecurity concerns and keeping data safe. For instance, Louis Vuitton uses technology consulting to create small modules in business and IT strategy, and IT governance to run its operations effectively. In addition to this, companies such as Canon and Samsung have been using technology advice to optimize their operations and reduce IT costs. Technology advisory services help companies in focusing more on core business, accessing the latest technology, and minimizing hardware failure, virus and spyware attack, and database corruption.

Security and reliability concerns are expected to limit the growth of the technology advisory market. Security hacks, illegal surveillance, lack of transparency, misuse of personal data, and algorithmic bias are some key factors that have come along with increased technological advancement. According to Verizon’s 2019 Data Breach Investigations Report, the info-tech sector is highly susceptible to external (44%) and internal (56%) threats, industrial espionage (29%), and financial motives (67%). For instance, State Bank of India (SBI), an Indian public sector bank, suffered a loss of confidential information of its 422 million customers. Organizations today rely very much on applications and IT software to conduct business. Software defects resulting in unauthorized access, and the use of malicious intruders and malicious code to breach the security of the system are adding more to the security and reliability of third-party technology advisory services and hence restraining the market growth.

Artificial Intelligence (AI) is a leading trend gaining traction in various business processes. AI is an amalgamation of different technologies that enable the machine to sense, understand, and act. AI helps businesses in identifying and solving business problems and drive measurable business value. AI helps in designing hardware infrastructure - on-premise or cloud-based, ingestion, and analysis of big data, and to enable flexibility of computing resources. For instance, in 2019, Tech Mahindra deployed the first HR humanoid K2 at its Noida campus in India. K2 functions on AI and will take over routine HR processes providing continuous assistance to the HR department to enrich the employee experience. K2 will handle general HR related queries and handle actions for providing tax forms and payslips, enabling the HR team to focus on other important areas in the business. With the improvement in AI technology with every passing day, it is gaining huge importance in data expertise, business processes, and workflow management.

In October 2020, Accenture plc, an Ireland-based global professional services company providing services in strategy, consulting, technology, and operations, has acquired SALT Solutions AG, a German technology consultancy for an undisclosed amount. The acquisition is expected to help Accenture plc in building a cloud-based industrial internet-of-things (IoT) platform that will enable the client to reduce quality and wastes issues in the whole supply chain. SALT has deep expertise in manufacturing and supply chain systems complementing Accenture's expertise in cloud solutions and planning systems. The acquisition will help Accenture to expand its digital manufacturing and operations business in Germany. SALT Solutions AG is a German technology consultancy company implementing and maintaining IT systems for a variety of companies across different sectors.

The major players covered in the global technology advisory market are Fujitsu Ltd, HCL Technologies Limited, Infosys Limited, Dell Technologies Inc, KPMG, IBM Corporation, Tata Consultancy Services Limited, Ernst & Young (EY), McKinsey & Company, Oracle Consulting, The Boston Consulting Group, Bain & Company, Deloitte, Booz & Co, Accenture PLC.

The countries covered in the global technology advisory market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global technology advisory market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global technology advisory market is segmented -

1) By Services: Application development, Cloud Services, Cybersecurity and Privacy, Data and Analytics, Technology Strategy and Enterprise Architechture, Others

2) By End Use: Banking, Financial Services, Healthcare, IT & telecom, Government, Others

    1. Executive Summary

    2. Technology Advisory Market Characteristics

    3. Technology Advisory Market Trends And Strategies

    4. Impact Of COVID-19 On Technology Advisory

    5. Technology Advisory Market Size And Growth

    5.1. Global Technology Advisory Historic Market, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Technology Advisory Forecast Market, 2020-2025F, 2030F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Technology Advisory Market Segmentation

    6.1. Global Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Application development

    Cloud Services

    Cybersecurity and Privacy

    Data and Analytics

    Technology Strategy and Enterprise Architechture

    Others

    6.2. Global Technology Advisory Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Banking

    Financial Services

    Healthcare

    IT & telecom

    Government

    Others

    7. Technology Advisory Market Regional And Country Analysis

    7.1. Global Technology Advisory Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Technology Advisory Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    8. Asia-Pacific Technology Advisory Market

    8.1. Asia-Pacific Technology Advisory Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Technology Advisory Market

    9.1. China Technology Advisory Market Overview

    9.2. China Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Technology Advisory Market

    10.1. India Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Technology Advisory Market

    11.1. Japan Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Technology Advisory Market

    12.1. Australia Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Technology Advisory Market

    13.1. Indonesia Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Technology Advisory Market

    14.1. South Korea Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    15. Western Europe Technology Advisory Market

    15.1. Western Europe Technology Advisory Market Overview

    15.2. Western Europe Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Technology Advisory Market

    16.1. UK Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Technology Advisory Market

    17.1. Germany Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Technology Advisory Market

    18.3. France Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    19. Eastern Europe Technology Advisory Market

    19.1. Eastern Europe Technology Advisory Market Overview

    19.2. Eastern Europe Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Technology Advisory Market

    20.1. Russia Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    21. North America Technology Advisory Market

    21.1. North America Technology Advisory Market Overview

    21.2. North America Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Technology Advisory Market

    22.1. USA Technology Advisory Market Overview

    22.2. USA Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    23. South America Technology Advisory Market

    23.1. South America Technology Advisory Market Overview

    23.2. South America Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Technology Advisory Market

    24.1. Brazil Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    25. Middle East Technology Advisory Market

    25.1. Middle East Technology Advisory Market Overview

    25.2. Middle East Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Technology Advisory Market

    26.1. Africa Technology Advisory Market Overview

    26.2. Africa Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    27. Technology Advisory Market Competitive Landscape And Company Profiles

    27.1. Technology Advisory Market Competitive Landscape

    27.2. Technology Advisory Market Company Profiles

    27.2.1. Booz & Co

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Deloitte

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Bain & Company

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. The Boston Consulting Group

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Accenture PLC

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Technology Advisory Market

    29. Technology Advisory Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Technology Advisory Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Technology Advisory Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Technology Advisory Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Asia-Pacific, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: China, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: India, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: Japan, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Australia, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Indonesia, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: South Korea, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: Western Europe, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: UK, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: Germany, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: France, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: Eastern Europe, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Russia, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: North America, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: USA, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: South America, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: Brazil, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Middle East, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Africa, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 26: Booz & Co Financial Performance
  • Table 27: Deloitte Financial Performance
  • Table 28: Bain & Company Financial Performance
  • Table 29: The Boston Consulting Group Financial Performance
  • Table 30: Accenture PLC Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Technology Advisory Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Technology Advisory Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Technology Advisory Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Asia-Pacific, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: China, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: India, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: Japan, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Australia, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Indonesia, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: South Korea, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: Western Europe, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: UK, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: Germany, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: France, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: Eastern Europe, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Russia, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: North America, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: USA, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: South America, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: Brazil, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Middle East, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Africa, Technology Advisory Market, Segmentation By Services, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 26: Booz & Co Financial Performance
  • Figure 27: Deloitte Financial Performance
  • Figure 28: Bain & Company Financial Performance
  • Figure 29: The Boston Consulting Group Financial Performance
  • Figure 30: Accenture PLC Financial Performance
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