What is Technology Advisory?
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 market study is broken down by Type (Software development, IT infrastructure planning, Risk assessment analysis, Security consulting and Recovery plan), by Application (Cloud Services, Cybersecurity and privacy, Data and analytics, Technology strategy and enterprise architecture and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Technology Advisory market throughout the predicted period.
Booz & Co (PricewaterhouseCoopers) (United Kingdom), Deloitte (United Kingdom), Bain & Company (United States), The Boston Consulting Group (United States), Accenture PLC (Ireland), Dell Technologies Inc (United States), Fujitsu Ltd (Japan), HCL Technologies Limited (India), Infosys Limited (India) and KPMG (Netherlands) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Technology Advisory market by Type, Application and Region.
On the basis of geography, the market of Technology Advisory has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Banking will boost the Technology Advisory market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
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.
- Acceptance of New Technology in Advisory Solution
- Introduction of Artificial Intelligence in Technology Advisory
- Up surging Demand for Technology Solution
- Increasing Digitization across the world
- Adoption of Technology Advisory in Emerging Nations
- Enhancement of Enterprise Architecture
- Lack Highly Qualified Consultant
- Various External Factors May Change the Future Predictions
- Adoption of Alternative Solution
- Data Insufficiency In Case Of Some Niche Markets
Key Target AudienceKey Consultant of Businesses/ Advisor, All type of Enterprises, Third-party knowledge providers, Bankers, Investors, Government Research Organizations, Private Research Organizations and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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