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The 2024 version of the UK SITS Consulting Market: Suppliers, Trends & Forecasts report is now available to download. Containing our latest market size and forecast data, along with insight into the dynamics and the key trends shaping demand, plus analysis of the challenges facing suppliers and recommendations for how to move forward, it is vital reading for advisory services providers operating in the UK. The report also contains the Top 20 Supplier Ranking (by revenue) for the UK SITS Consulting market, together with commentary on the up-and-coming players making noteworthy progress in this most competitive of arenas.
Having seen UK demand surge by over 35% during the first two years of the current decade, the pace of growth in SITS Consulting services expenditure eased down in 2023. Sales of these offerings here were up by nearly 9% yoy last year, although worsening trading headwinds took an increasing toll on enterprise appetites for IT advisory assistance with each passing month. The market has remained subdued during the first half of 2024.
Looking ahead, we expect to see a revitalisation of enterprise transformation initiatives. This is in part being fuelled by the burgeoning GenAI wave. Suppliers will, however, need to navigate through a demand environment which is being conditioned by the 3Cs: Caution, Concern, and Complexity. Successful consultancies must focus on instilling the much-needed confidence in clients to progress quickly and adopt unfamiliar technologies, while at the same time proving that the extensive foundational work still required by many can deliver value and efficiency in the short-term.
If you are a subscriber to TechSectorViews click here to download the UK SITS Consulting Market: Suppliers, Trends and Forecast 2024 report. If you don’t have a subscription and would like to gain access the report and our other research and services please contact Deb Seth.
Posted by: Duncan Aitchison at 07:00
Tags: consulting forecasts newresearch market trends supplier rankings
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