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July 2020

IT Consulting

The IT Consulting industry has been growing at around 3% over the past 5 years. As a result, many larger industry players are prioritizing M&A in their growth strategy. Besides acquiring near-shore and off-shore development capabilities in Latin America or Eastern Europe, many IT consulting firms are expanding specific capabilities like cybersecurity or cloud infrastructure to develop a market leadership position in the respective. COVID is pushing many companies to adopt digital capabilities at an increased rate, which is driving further growth in the IT consulting industry.