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IT Professional Services Market to Grow by USD 657.9 Billion (2025-2029), Driven by Digital Transformation, AI’s Impact on Market Evolution – Technavio

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NEW YORK, Jan. 26, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global IT professional services market size is estimated to grow by USD 657.9 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  10.6%  during the forecast period. Growing digital transformation is driving market growth, with a trend towards growing adoption of hybrid and multi-cloud environments. However, shortage of skilled workforce  poses a challenge. Key market players include Accenture PLC, Amazon.com Inc., Atos SE, Capgemini Services SAS, CGI Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., EdgeVerve Systems Ltd., Fujitsu Ltd., HCL Technologies Ltd., International Business Machines Corp., Mahindra and Mahindra Ltd., Microsoft Corp., Oracle Corp., Salesforce Inc., SAP SE, Tata Consultancy Services Ltd., and Wipro Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

IT Professional Services Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 10.6%

Market growth 2025-2029

USD 657.9 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.3

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 37%

Key countries

US, Germany, Canada, China, UK, India, France, Japan, Italy, and Brazil

Key companies profiled

Accenture PLC, Amazon.com Inc., Atos SE, Capgemini Services SAS, CGI Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., EdgeVerve Systems Ltd., Fujitsu Ltd., HCL Technologies Ltd., International Business Machines Corp., Mahindra and Mahindra Ltd., Microsoft Corp., Oracle Corp., Salesforce Inc., SAP SE, Tata Consultancy Services Ltd., and Wipro Ltd.

Market Driver

The IT professional services market is experiencing significant trends driven by customer demand for automation and operational efficiency. Professional service firms are adapting to these demands by offering remote working solutions, automated billing, and consultation services. Business strategies focus on expense management, resource allocation, and project management. Advanced tools and analytic capabilities are essential for providing accurate insights to ecommerce businesses and large enterprises. Automation and advanced technologies like AI, IoT, and 5G are transforming IT services, with scalability and automatic updates becoming key features. Cybersecurity is a major concern, with firms implementing cloud-based services, data security measures, and the NIST Cybersecurity Framework to protect against breaches and cyberattacks. Professional services sector growth opportunities include collaborations, talent acquisition, and resource management. Business processes are being digitally transformed through development of complex systems, machine learning, and blockchain technology. IT infrastructure and network deployment are critical for organizations, with a focus on feasibility, security, and revenue management. Verticals such as healthcare, manufacturing, and telecommunication are investing in SaaS and PaaS solutions for their specific needs. Training and education are crucial for IT specialists to keep up with the latest technologies and business intelligence tools. ITO services are essential for business operations, with a focus on system integration and development. In conclusion, the IT professional services market is evolving rapidly, with a focus on customer demands, operational efficiency, and advanced technologies. Firms must adapt to these trends to remain competitive and provide valuable services to their clients. 

The IT professional services market is experiencing a notable trend with the increasing adoption of hybrid and multi-cloud environments. These solutions, which combine private, public, and on-premises infrastructure, offer organizations flexibility, scalability, and optimized resource allocation. By utilizing multiple cloud platforms, businesses can select the most appropriate cloud solution for each workload or application. This approach provides organizations with the benefits of various cloud offerings while maintaining control over their data and applications. Hybrid and multi-cloud environments are a strategic choice for businesses seeking to meet their unique IT needs. 

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Market Challenges

IT professional services firms face several challenges in today’s business landscape. Customer demand for automation and operational efficiency drives the need for advanced tools and analytic capabilities. Remote working requires effective resource allocation and project management, including automated billing and consultation services. Expense management and revenue management are crucial for business strategies. Professional service firms must also address cybersecurity concerns, such as cyber breaches and data security, particularly in sectors like ecommerce, healthcare, and manufacturing. Cloud-based services and data storing capacity are essential for digital transformation and scalability. Firms must adapt to economic expansion and advanced technologies like AI, IoT, 5G, AR, and blockchain. Resource wastage and talent acquisition are key concerns, as are feasibility studies and system integration. Training and education, consulting, and managed services are essential for large enterprises undergoing IT infrastructure upgrades and digital transformations. Professional services sector growth opportunities include collaborations, business plans, and talent recruiting. Business operations, business analytics, and business strategists require accurate insights and advanced tools for project-oriented services. NIST Cybersecurity Framework and edge cloud platforms are essential for financial risk protection and cybersecurity compliance. ITO services, telecommunication, and network services are critical for organizations to stay competitive. LTE, autonomy, complex systems, and machine learning require expertise and implementation support. Resource management, cybersecurity, and data security are ongoing concerns, particularly in the face of increasing variables and client demands.The IT professional services market faces a significant challenge due to a shortage of skilled workers. This issue impacts businesses in various industries as technology advances and evolves. New technologies like cybersecurity, data analytics, artificial intelligence, cloud computing, and software development have increased demand for professionals with specialized skills. However, educational institutions find it challenging to keep up with the latest industry trends and equip graduates with the necessary knowledge. The dynamic nature of the IT industry necessitates continuous learning and upskilling for professionals to remain competitive. This skills gap puts pressure on organizations to invest in training and development programs or hire from a limited talent pool.

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Segment Overview

This it professional services market report extensively covers market segmentation by

Type 1.1 Project-oriented services1.2 Information technology outsourcing1.3 IT supporting and training services1.4 Enterprise cloud computing servicesEnd-user 2.1 Large enterprises2.2 Small and medium enterprisesGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Project-oriented services-  In the global IT professional services market, project-oriented services refer to IT projects delivered on a defined scope, timeline, and set of deliverables. These services cater to unique business needs, providing specialized expertise, resources, and technical skills for specific IT initiatives. Project-oriented services encompass timely maintenance, modernization, project installation, and decommissioning. Customization is key, helping organizations maximize operational effectiveness, deliver projects on time, and manage resources efficiently. Key elements driving demand for project-oriented services include effective scope management, revenue management, creating accurate quotes, and streamlined project delivery. These factors are expected to fuel growth in the project-oriented services segment during the forecast period.

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Research Analysis

IT professional services in demand due to the increasing reliance on technology by businesses of all sizes. Automation has become a key focus area, with organizations seeking to improve operational efficiency and reduce costs. Professional service firms are responding by offering a range of services, including ITO (Information Technology Outsourcing) and business analytics. Remote working has become a new normal, leading to the need for effective project management and expense management tools. Resource allocation and revenue management are also critical areas of focus for these firms. Large enterprises are turning to IT professional services to help them navigate complex business strategies and implement technological developments. The professional services sector is also facing challenges in talent recruiting and retention, as well as adapting to the latest business plans and client demands. To stay competitive, firms are investing in advanced tools and resources to deliver high-quality services and meet the evolving needs of their clients. In summary, IT professional services are essential for businesses looking to optimize their operations, stay competitive, and adapt to the latest technological trends. These firms provide a range of services, from project management and revenue management to business analytics and ITO, helping organizations to streamline their business processes and drive growth.

Market Research Overview

The IT professional services market is experiencing significant growth due to the increasing demand for automation and operational efficiency from businesses of all sizes. Professional service firms are leveraging advanced tools and analytic capabilities to help organizations optimize their business processes, manage expenses, allocate resources, and enhance project management. Remote working and collaboration have become the new norm, leading to an increased focus on revenue management, talent acquisition, and resource management. Cloud-based services, including automated billing and cybersecurity solutions, are becoming essential for businesses in various verticals, from ecommerce to healthcare and manufacturing. The professional services sector is also embracing advanced technologies such as AI, IoT, 5G, AR, and blockchain to drive digital transformation and scalability. Business strategists are working closely with IT specialists to develop business plans that prioritize automatic updates, data security, and NIST Cybersecurity Framework compliance. The market is also witnessing an increase in collaborations and growth opportunities, with large enterprises seeking expert consultation and implementation support for complex systems and financial risk protection. Despite the many opportunities, firms must navigate client demands, variables, and cybersecurity concerns to ensure feasibility and accuracy in their services. The market is expected to continue expanding as businesses seek to stay competitive in an increasingly digital world.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeProject-oriented ServicesInformation Technology OutsourcingIT Supporting And Training ServicesEnterprise Cloud Computing ServicesEnd-userLarge EnterprisesSmall And Medium EnterprisesGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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BinBase Launches 2026 BIN Database Featuring 6-11 Digit Waterfall Lookup for High-Precision Payment Routing

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BinBase introduces its upgraded 2026 BIN Database, offering 3.2M+ card ranges, 29 granular data attributes, and extended 8-11 digit accuracy to eliminate false-positives and optimize routing for global fintechs.

MIAMI, July 21, 2026 /PRNewswire-PRWeb/ — BinBase, a provider of payment intelligence and card issuing data, has announced the official release of its updated 2026 BIN Database. Engineered for payment gateways, acquiring banks, fraud prevention platforms, and e-commerce platforms, the updated dataset solves critical routing inaccuracies caused by the industry-wide shift from legacy 6-digit BINs to extended 8-to-11-digit card ranges.

Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the surgical precision developers need for cost-effective payment routing.

Since ISO/IEC 7812 expanded the standard Bank Identification Number (BIN) length to 8 digits, traditional 6-digit lookup tables have struggled to correctly identify modern card profiles. This leads to false positives, misidentified interchange fees, and failed transactions. BinBase addresses this challenge by introducing a multi-tiered database structure supporting up to 11-digit precision, alongside a recommended “Waterfall Lookup Algorithm.”

To ensure 100% routing and verification accuracy, the Waterfall method executes a descending search sequence: checking 11-digit BIN ranges down through 10, 9, 8, 7, and 6 digits until an exact match is resolved.

Key technical specifications of the 2026 BinBase release include:

Over 3.2 Million Card Ranges: Full global coverage including Visa, Mastercard, Amex, Discover, UnionPay, JCB, and regional networks.Extended Precision: Over 88% of the dataset consists of high-precision ranges (8–11 digits) to accurately isolate sub-brands, currencies, and card tiers.29 Granular Attributes: Beyond core issuer data, the database features advanced parameters including Durbin Regulation status, US Debit/ATM network routing (STAR, NYCE), Fast Funds (Visa Direct / Mastercard MoneySend indicators), commercial Level 2/Level 3 data, and digital wallet token ranges (Apple Pay / Google Pay).

“Modern payment processing requires surgical precision,” said a spokesperson for Damiko Inc. “Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the underlying intelligence developers need to build resilient, cost-effective payment infrastructure.”

Developers and payment teams can evaluate the full 29-field database schema, review integration examples, and download a free 2026 sample dataset on the official GitHub repository.

To learn more about full commercial licensing options, instant CSV downloads, and custom API delivery, visit BinBase.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate fraud.

Media Contact

Fedor Lavrikoff, BinBase, 1 +17866133333, sales@binbase.com, htttps://www.binbase.com 

View original content:https://www.prweb.com/releases/binbase-launches-2026-bin-database-featuring-6-11-digit-waterfall-lookup-for-high-precision-payment-routing-302829291.html

SOURCE BinBase

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Redington Limited and AutomationEdge Announce Strategic Partnership to Accelerate Enterprise Automation and Agentic AI Adoption

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MUMBAI, India, July 22, 2026 /PRNewswire/ — Redington, a leading technology aggregator and innovation catalyst, and AutomationEdge, a leading Agentic Process Automation platform for global enterprises, have announced a strategic partnership to accelerate the adoption of enterprise automation and Agentic AI. The collaboration brings together Redington’s extensive distribution ecosystem and partner network with AutomationEdge’s enterprise-grade Agentic Process Automation platform to enable faster, scalable, and outcome-driven digital transformation for organizations.

As a part of the partnership, AutomationEdge’s portfolio of AI Agents and automation solutions is now available through the Redington AI Exchange Marketplace, enabling partners and customers to easily discover, evaluate, and deploy enterprise-ready AI solutions. This availability significantly reduces the time required to adopt AI-driven automation and provides organizations with access to proven use cases that can deliver measurable business outcomes.

The partnership is focused on delivering solution-led automation offerings that simplify adoption for enterprises and channel partners. By combining Redington’s go-to-market reach with AutomationEdge’s 10x automation capabilities, the two organizations aim to help businesses move from fragmented automation initiatives to enterprise-wide orchestration—driving efficiency, agility, and operational excellence.

Through this collaboration, both companies will jointly promote pre-built automation and AI Agent solutions across key business functions, including banking operations, insurance processes, IT / HR operations, customer service, and finance functions. These solutions include ready-to-deploy workflows, AI Agents, demonstration environments, and implementation frameworks designed to accelerate deployment and reduce complexity.

The partnership will also include joint go-to-market initiatives such as partner enablement programs, co-branded workshops, solution showcases, and proof-of-concept (PoC) engagements. These initiatives are designed to equip Redington partners with the knowledge, tools, and support needed to successfully position, sell, and implement AI-powered automation solutions for enterprise and mid-market customers.

Sayantan Dev, Global Head, Software Solutions Group, Redington, said, “The next phase of AI adoption will be defined by execution. Through the Redington AI Exchange Marketplace, we are bringing together the technologies and ecosystem needed to help partners deliver real business outcomes at scale. AutomationEdge’s Agentic AI and automation capabilities strengthen our ability to enable customers to accelerate AI adoption with greater speed, governance, and confidence.”

Prasad Likhite, Chief Sales Officer of AutomationEdge, said, “We are delighted to strengthen our partnership with Redington and accelerate the adoption of next-generation enterprise automation and Agentic AI solutions across the market. The availability of AutomationEdge AI Agents through the Redington AI Exchange Marketplace marks an important milestone in democratizing AI-led transformation, enabling enterprises to rapidly scale intelligent automation initiatives with speed, agility, and measurable business impact. At the same time, it creates significant opportunities for partners to drive innovation, unlock new revenue streams, and deliver greater value to their customers.”

The collaboration also emphasizes localized support, implementation expertise, and customer success services, ensuring that organizations can seamlessly deploy, manage, and scale automation initiatives. By leveraging Redington’s strong partner ecosystem and AutomationEdge’s deep expertise in automation and Agentic AI, the partnership is well-positioned to address the evolving needs of modern enterprises.

As organizations increasingly prioritize productivity, operational efficiency, and AI-led transformation, this partnership marks a significant step toward making enterprise automation and Agentic AI more accessible, scalable, and impactful across industries.

 About Redington

Redington Limited (NSE: REDINGTON) (BSE: 532805), a leading technology solutions provider, empowers businesses in their digital transformation journeys. Guided by its brand narrative “Unlock Next”, Redington goes beyond distribution to remove barriers, accelerate digital adoption, and unlock access, growth, trust, efficiency, and impact—helping businesses, communities, and societies embrace what’s next in technology

About AutomationEdge

AutomationEdge is a leading Agentic Process Automation platform for global enterprises. Its platform enables organizations to automate complex business processes, deploy AI Agents at scale, improve operational efficiency, and accelerate digital transformation initiatives across industries.

Media Contact:
Rahul Wandile
rahul.wandile@automationedge.com

 

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Applied Intuition Launches Dana, the Agentic Platform for Physical AI

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New platform pairs agentic AI with the tooling, data, infrastructure and domain expertise Applied Intuition has built over nearly a decade to speed the safe development of intelligent machines for the physical world.

Dana is the first agentic platform for building, testing, deploying and operating physical AI systems across industries.Built on nearly a decade of Applied Intuition’s tooling, infrastructure, workflows and engineering expertise, Dana is purpose-built for safety-critical systems operating in the physical world.Dana helps companies build physical AI applications for any industry or use case, from autonomy and software-defined vehicles to fleet operations, robotics, construction, mining and intelligent in-vehicle experiences.Dana has already reduced critical phases of vehicle development from months to days in internal and select customer deployments.

SUNNYVALE, Calif., July 22, 2026 /PRNewswire/ — Applied Intuition, Inc., a leader in physical AI, today announced the launch of Dana, the first agentic platform for building, testing, deploying and operating physical AI systems across industries. Dana combines the power of agentic AI and rapid application development with nearly a decade of Applied Intuition’s tooling, infrastructure and engineering knowledge. The result is a unified system that accelerates the development of intelligent machines in the physical world.

“We believe physical AI will become one of the defining technologies of this century,” said Qasar Younis, co-founder and CEO of Applied Intuition. “Our ambition is to help bring intelligence to a billion machines, and Dana is the platform we built to make that possible.”

Unlike general-purpose AI tools designed primarily for digital workflows, Dana is built for the complexities of machines operating in the physical world. Dana comes with all the platform capabilities needed to build and deploy safety-critical physical AI applications, including data, visualization and tooling, as well as the evaluation, traceability and governance these systems require. The platform was designed to work across industries and with a wide range of use cases, from software-defined vehicle development and advanced driver assistance systems (ADAS) to mining and construction operations, truck fleet management, robotics and intelligent in-vehicle experiences. With Dana, customers can:

Deploy Applied Intuition’s reference applications — spanning autonomy, fleet operations, and more — or build their own.Use both natural language and command-line interfaces to complete complex development tasks more intuitively and accelerate iteration cycles across teams and systems.Integrate the platform with enterprise systems and collaboration tools, like Slack and Jira, helping organizations connect fragmented engineering and operational workflows while embedding agentic capabilities across the development process.

Applied Intuition has used Dana internally since last year, building and delivering solutions on the platform for long-standing customers across automotive, trucking, mining, and agriculture. Dana’s agent-driven workflows have reduced critical phases of vehicle development timelines from months to days in some cases. Applied Intuition has offered limited, early access to select customers, including heavy-equipment manufacturer Komatsu and Isuzu Motors, who is using the platform to accelerate L4 autonomy for its fleet of commercial trucks.

“We’ve been impressed by how Dana can streamline complex engineering workflows and accelerate development,” said Yasuhiro Yazawa, Director, Isuzu Motors Limited, Japan. “Dana gives our engineering teams greater confidence to develop, track and deploy safe autonomous-vehicle capabilities at a much faster pace.”

“Applied Intuition has been a valuable technology partner as we continue advancing the digital capabilities that support the next generation of mining equipment and solutions,” said Peter Salditt, CEO, Komatsu Mining. “Dana represents another step forward, bringing intelligent, agentic capabilities into our engineering workflows to help our teams innovate faster, improve efficiency and ultimately create greater value for our customers’ operations.”

Dana is designed to help companies keep up with the fundamental shift now underway across industries. As autonomous vehicles, robots and industrial systems become more capable, manufacturers need a more integrated way to build, validate and deploy them safely. Dana gives teams a faster path from idea to production, and the confidence to put increasingly intelligent machines into the real world.

The future of AI is physical. Dana was built for it.

To learn more about Dana and Applied Intuition’s physical AI platform, visit AppliedIntuition.com.

About Applied Intuition
Applied Intuition, Inc. is powering the future of physical AI. Founded in 2017 and now valued at $15 billion, the Silicon Valley company is creating the digital infrastructure needed to bring intelligence to every moving machine on the planet. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries in three core areas: tools and infrastructure, operating systems, and autonomy. Eighteen of the top 20 global automakers, as well as the United States military and its allies, trust the company’s solutions to deliver physical intelligence. Applied Intuition is headquartered in Sunnyvale, California, with nearly two dozen offices across the globe, including in London, Munich, Tokyo, Seoul, and the Washington, D.C. metro area. Learn more at applied.co or press@applied.co.

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SOURCE Applied Intuition, Inc.

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