IT Consulting & Implementation - Finland

Finland

Revenue in the IT Consulting & Implementation market is projected to reach US$0.53bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.52%, resulting in a market volume of US$0.63bn by 2029.
The average Spend per Employee in the IT Consulting & Implementation market is projected to reach US$183.90 in 2024.
In global comparison, most revenue will be generated in the United States (US$27,220.00m in 2024).

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

Market

Region

Region comparison

Currency

Analyst Opinion

The IT Consulting & Implementation market in Finland has been experiencing steady growth over the past few years.

Customer preferences: Finnish companies are increasingly seeking IT consulting and implementation services to help them improve efficiency and optimize their operations. Many companies are also looking to implement new technologies such as artificial intelligence and machine learning to gain a competitive edge.

Trends in the market: One trend in the IT Consulting & Implementation market in Finland is the increasing demand for cloud-based solutions. As more companies move their operations to the cloud, there is a growing need for consulting and implementation services to help them make the transition. Another trend is the rising popularity of agile methodologies, which are being used to speed up software development and improve collaboration between teams.

Local special circumstances: Finland has a highly skilled workforce and a strong education system, which has helped to create a thriving IT industry. The country is also home to many innovative startups and established technology firms, which are driving demand for consulting and implementation services.

Underlying macroeconomic factors: Finland has a stable economy, with low unemployment and a high standard of living. This has helped to create a favorable environment for businesses, including those in the IT Consulting & Implementation sector. Additionally, Finland has a strong focus on innovation and technology, with the government investing heavily in research and development. This has helped to create a supportive ecosystem for technology firms, which has in turn driven demand for consulting and implementation services.

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.