The mature nature of the IT Consulting industry requires many of the larger players to make M&A an essential part of their growth strategy. In particular, acquisitions in near-shore (Latin America) and off-shore markets (in Eastern Europe and Asia) are becoming increasingly attractive.
COVID-19 caused major shifts in the way businesses operate. Many are currently adopting additional digital capabilities to adjust for operational difficulties in the current environment. We believe that this trend will sustain in the long-term, fueling growth in the IT Consulting industry. Especially demand for cloud technologies, analytics, and automation capabilities will drive growth.