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IT Professional Services Market to Expand by USD 621.4 Billion (2024-2028), Digital Transformation Drives Growth, AI-Powered Report on Market Trends – Technavio

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NEW YORK, Dec. 13, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global IT professional services market size is estimated to grow by USD 621.4 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.87% 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 Service SAS, CGI Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Fujitsu Ltd., HCL Technologies Ltd., Infosys Ltd., International Business Machines Corp., Mahindra and Mahindra Ltd., Microsoft Corp., Oracle Corp., Salesforce Inc., SAP SE, Tata Consultancy Services Ltd., and Wipro Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

Type (Project-oriented services, Information technology outsourcing, IT supporting and training services, and Enterprise cloud computing services), End-user (Large enterprises and Small and medium enterprises), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

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

Key companies profiled

Accenture Plc, Amazon.com Inc., Atos SE, Capgemini Service SAS, CGI Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Fujitsu Ltd., HCL Technologies Ltd., Infosys 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 Market Trends Fueling Growth

IT Professional Services Market is experiencing significant trends with increasing customer demand for automation and operational efficiency. Professional service firms are adapting to business strategies such as remote working and expense management. Automated billing, consultation, audit and accounting, implementation support, and financial risk protection are in high demand. Advanced tools and analytic capabilities are essential for accurate insights in ecommerce businesses and large enterprises. Resource allocation and project management are key areas of focus, with automated tools and AI-driven solutions reducing resource wastage. Talent acquisition and resource management are crucial for firms to stay competitive, with a growing need for IT specialists in areas like cybersecurity, cloud services, and digital transformation. Economic expansion and advanced technologies like blockchain, AI, IoT, and 5G present growth opportunities for IT professional services. Firms are collaborating to offer project-oriented services, revenue management, and system integration. Business processes are being streamlined through Business Intelligence (BI) and advanced tools, while cybersecurity concerns continue to be a priority with the increasing threat of cyber breaches and cyberattacks. ITO services are essential for business operations, with a focus on scalability, automatic updates, and vertical-specific solutions. Networks, development, and deployment are critical areas of expertise, with a shift towards cloud-based services and edge cloud platforms. The NIST Cybersecurity Framework and data security concerns are driving demand for cybersecurity services. Professional services sector is evolving, with a growing emphasis on collaboration, training and education, and managed services. Telecommunication, healthcare, manufacturing, SaaS, PaaS, and LTE are some of the verticals where IT professional services are making a significant impact. Firms are offering customized solutions based on feasibility and client demands, with a focus on complex systems, machine learning, and IT infrastructure. 

The IT professional services market is witnessing a notable trend towards hybrid and multi-cloud environments. This shift is primarily driven by the demand for flexibility, scalability, and efficient resource allocation. Hybrid and multi-cloud solutions combine private, public, and on-premises infrastructure, enabling organizations to utilize multiple cloud platforms while retaining control over their data and applications. The flexibility offered by these environments allows businesses to choose the optimal cloud solution for each workload or application, ensuring optimal performance and cost savings. 

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Market Challenges

IT Professional Services market is experiencing significant challenges due to increasing customer demand for automation and operational efficiency. Professional service firms must adapt to remote working and implement business strategies for expense management and resource allocation. Project management, automated billing, consultation, audit and accounting, implementation support, and financial risk protection are essential services. Advanced tools and analytic capabilities are crucial for providing accurate insights to ecommerce businesses and large enterprises. The professional services sector faces challenges in talent acquisition, resource management, and cybersecurity. Firms must address cyber breaches and data security concerns with cloud-based services, data storing capacity, and the NIST Cybersecurity Framework. Edge cloud platforms offer scalability, automatic updates, and vertical integration for project-oriented services. Business operations and business analytics require collaboration between business strategists and IT specialists. Growth opportunities exist in advanced technologies like blockchain, AI, IoT, 5G, AR, and development. Firms must assess feasibility, address security breaches and cyberattacks, and provide system integration, training, and education. Managed services, deployment, and telecommunication are also critical areas for IT services. The healthcare, manufacturing, and SaaS industries have unique demands, requiring customized solutions.The IT professional services market faces a significant challenge due to a shortage of skilled workers. This issue impacts organizations across industries as new and evolving technologies increase the demand for professionals with current skills and knowledge. However, educational institutions find it difficult to keep up with the latest industry trends in their curricula. As a result, there is a gap between the abilities of graduates and the requirements of employers. The IT sector’s continuous evolution necessitates ongoing learning and upskilling to remain competitive. This pressure is particularly felt in areas like cybersecurity, data analytics, artificial intelligence, cloud computing, and software development, where the shortage of skilled professionals is most pronounced.

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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 the delivery of IT projects based on a defined scope, timeline, and set of deliverables. These services cater to unique business needs and may include timely maintenance, modernization, project installation, and decommissioning. Organizations engage IT service providers for project-oriented services when they require specialized expertise, resources, and technical skills for a specific IT initiative. These services offer benefits such as effective scope management, improved revenue management, better quotes, efficient resource management, and successful project delivery. The demand for project-oriented services is driven by these factors and is expected to fuel market growth during the forecast period.

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Research Analysis

The IT professional services market is experiencing significant growth due to increasing customer demand for automation and operational efficiency. Professional service firms are responding by offering a range of services, including ITO (Information Technology Outsourcing) and business analytics, to help organizations streamline their business processes and gain a competitive edge. With the shift to remote working, expense management and resource allocation have become critical areas of focus. Project management, revenue management, and business strategies are also key areas of expertise for IT professional services. Large enterprises are turning to these services to adapt to technological developments and meet client demand. Talent recruiting and the use of tools and resources are essential for delivering high-quality services. Business plans are being reimagined to incorporate these offerings, making the professional services sector an indispensable partner for businesses seeking to thrive in today’s digital landscape.

Market Research Overview

The IT professional services market is experiencing significant growth due to increasing customer demand for automation and operational efficiency. Professional service firms are leveraging advanced tools and analytic capabilities to provide consultation, audit and accounting, implementation support, financial risk protection, and revenue management services to large enterprises and ecommerce businesses. With the shift to remote working, firms are focusing on expense management, resource allocation, project management, automated billing, and talent acquisition. Advanced technologies such as AI, IoT, 5G, AR, blockchain, and machine learning are transforming IT infrastructure, enabling scalability, automatic updates, and complex system integration. Business strategists are collaborating to develop growth opportunities and business plans, while IT specialists focus on cybersecurity concerns, data security, and the NIST Cybersecurity Framework. Cloud-based services, data storing capacity, and edge cloud platforms are essential for business operations and digital transformation. Client demands and variables are driving firms to provide project-oriented services, deployment, managed services, and training and education. Telecommunication, healthcare, manufacturing, SaaS, and PaaS are some verticals benefiting from IT professional services. Despite the opportunities, firms face challenges such as resource wastage, cyber breaches, and cyberattacks. Firms must prioritize security and ensure feasibility in their business processes to protect their clients’ data and maintain trust. Business Intelligence (BI) and resource management are crucial for accurate insights and effective decision-making. Overall, the professional services sector continues to evolve, driven by technological advancements and changing business strategies.

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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Creality K3 Now Available at $849, Making Multi-Color 3D Printing More Practical

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November 3, 2026

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Creality’s four-nozzle flagship moves from pre-order to official U.S. availability, bringing faster color changes and greater creative flexibility to everyday 3D printing.

HOUSTON, Nov. 3, 2026 /PRNewswire/ — Creality today announced the official U.S. availability of the K3, its latest flagship K Series 3D printer, starting at $849. Following its pre-order debut in October, the K3 is now available for purchase, with shipments of the first pre-orders having begun on November 2.

Recognized as an IFA Innovation Awards 2026 Honoree, the K3 introduces a four-nozzle system designed to make multi-color printing faster, less wasteful, and more practical for everyday creative projects.

Making Multi-Color Printing Easier and Faster

From detailed figures and personalized gifts to decorative pieces and functional designs, color can make a significant difference in how a 3D-printed project comes together. Conventional multi-color printing often comes with a setback: more colors mean more time spent switching filaments and more material discarded along the way.

The K3 takes a different approach. Its KliTek™ four-nozzle system keeps different filaments ready in independent channels, allowing the printer to switch between nozzles in approximately 5 seconds while reducing the repeated purging required by conventional single-nozzle systems.

In Creality’s internal testing, this approach shortened total print times by up to 80% and reduced material waste by up to 85% compared with conventional single-nozzle multi-color workflows.

For makers, this means less time and filament spent on color changes, whether creating a personalized gift, a detailed display piece, or a batch of matching designs.

More Room for More Creative Possibilities

Beyond multi-color printing, the K3 is designed to grow with makers as their projects become more ambitious.

With optional accessories, its four-nozzle architecture supports different nozzle sizes within a single print, allowing users to combine finer surface details with more efficient internal structures. This gives makers greater flexibility to balance appearance, precision, and printing time without having to choose a single nozzle size for an entire project.

The K3 also offers an expandable path into multi-material printing. An optional top cover enables the use of engineering materials, while a dedicated TPU Kit expands compatibility to softer flexible filaments and soluble support materials. These options open up possibilities for projects that combine different material properties or require more complex structures.

U.S. Availability and Launch Offer

The Creality K3 is now available in the United States, starting at $849. Shipments of the first pre-orders began on November 2.

To celebrate the official launch, customers purchasing the K3 through November 30 will receive four complimentary rolls of Hyper PLA filament. Orders placed through Creality’s official online store during the promotional period also qualify for free shipping.

European availability is expected in December 2026.

For more information or to purchase, visit the Creality K3 official product page.

Performance figures are based on Creality’s internal testing. Actual results may vary depending on materials, models, and printing conditions. Advanced multi-material and mixed-nozzle capabilities require optional accessories sold separately.

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SOURCE Creality

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Epic Seven’s New Server “Foundry” Goes Live to Celebrate Official Steam Launch

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November 3, 2026

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Official Steam Launch on Oct 29, Long-term positive synergy anticipated from a new influx of players and improved accessibilityNew server “Foundry” launches with various events to help players settle in quicklySpecial Side Story “Secret Rabbit Hole” Available From Oct 29 to Dec 10

SEOUL, South Korea, Nov. 3, 2026 /PRNewswire/ — On Tuesday the 3rd, Smilegate announced that its mobile turn-based strategic RPG “Epic Seven,” developed by Super Creative, has officially launched on Steam on the 29th and also opened a new server, “Foundry”.

The Steam launch is part of a platform expansion reflecting the needs of global players. With Epic Seven now available on Steam, the world’s largest gaming platform, long-term positive synergy is expected from a new influx of players and improved accessibility. Furthermore, the Steam server introduces exclusive new features, such as controller support.

The new “Foundry” server, launched alongside the Steam service, can be accessed not only through Steam but also via the STOVE PC Client and mobile devices. For players starting Epic Seven for the first time, the new server will operate with independent matchmaking for PvP content for a limited time.

Additionally, various events will be held on the new server to help players settle in quickly. A Settlement Support Buff Event, which began on the 29th, provides various effects to accelerate Hero and account growth, along with daily free Hero summons. There will also be bountiful rewards provided, including various Equipment, growth materials, and Hero Skins, when players log in or play through content.

Global player response has also been highly positive, with over 100,000 players participating in the Steam Wishlist Event that began in August.

Meanwhile, Epic Seven will release a Special Side Story, “Secret Rabbit Hole,” from October 29 to December 10. The greatest Bunny detective, Bunny Girl Great Detective Moro, alongside her sidekick, Alencia, will investigate various incidents to stop a plot detected during a victory celebration party, uncovering the hidden truth behind the case along the way. Players can earn three pieces of Level 88 Equipment by progressing through the story and will receive a special Pet upon collecting all three new Bunny Girl characters and two skins. Additional rewards, such as Charms and Emojis, can also be earned through the concurrent “Trusty Sidekick Alencia’s Case Files” and “Lucky Board Party!” events.

For more information on Epic Seven, visit the official community and the official YouTube channel.

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SOURCE Smilegate

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Benzinga Expands Support for AI-Powered Financial Innovation Through Growing Data Ecosystem

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November 3, 2026

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DETROIT, Nov. 3, 2026 /PRNewswire/ — Benzinga, a leading provider of real-time financial news and market intelligence, today highlighted its continued commitment to supporting the rapidly growing ecosystem of AI-powered financial applications, with tradeInsightAI among the latest platforms leveraging Benzinga content to enhance market intelligence and decision-making.

As artificial intelligence reshapes how investors, analysts, and institutions consume information, demand for trusted, real-time financial data continues to grow. Through its APIs and data licensing solutions, Benzinga provides the news, corporate communications, and market intelligence that power a growing range of AI-driven products and workflows across the financial industry.

The relationship with tradeInsightAI reflects a broader trend of AI-native companies incorporating high-quality financial data into their platforms to generate insights, identify market-moving developments, and help users navigate increasingly complex information environments. By integrating Benzinga’s real-time financial news and corporate communications content, tradeInsightAI is further strengthening its AI-powered analysis capabilities and expanding the intelligence available to its users.

Benzinga’s data ecosystem supports a wide variety of AI use cases, including market research, event detection, workflow automation, portfolio intelligence, sentiment analysis, and real-time decision support. By delivering structured, machine-readable content through flexible APIs and licensing solutions, Benzinga enables developers, financial institutions, and technology providers to build innovative applications on a foundation of trusted market intelligence.

“AI is rapidly transforming financial markets, and we’re seeing incredible innovation from companies building the next generation of investment and intelligence tools,” said Emily Goldvekht, Account Manager at Benzinga. “tradeInsightAI is a great example of how firms are using AI to turn complex market information into actionable insights. At Benzinga, we’re proud to provide the real-time data and content that help power these emerging technologies.”

“tradeInsightAI replaces endless financial market dashboards and fragmented data feeds with pure inference, a single intelligence layer for real-time market clarity,” said Al Vinjamur, Founder and CEO of tradeInsightAI. “By combining Benzinga’s premium reporting with our domain-aware AI and quantitative pipelines, we turn information overload into edge. With upcoming pilots at some of the world’s largest banks and hedge funds, we’re defining the future of market intelligence.”

As financial institutions continue exploring artificial intelligence to improve research, analysis, and decision-making, Benzinga remains focused on delivering the trusted market intelligence that helps power the next generation of financial technology. Through its expanding network of AI-driven customers and partners, the company is helping accelerate innovation across the broader financial ecosystem.

About Benzinga

Benzinga is a leading financial media and data technology company that empowers investors with high-quality, real-time market intelligence. Through its news platform, APIs, and data products, Benzinga provides traders, financial institutions, and fintech platforms with the insights they need to make smarter investment decisions. From breaking news and analyst ratings to corporate events and alternative datasets, Benzinga’s tools help market participants stay ahead of the information that drives price movement.

To learn more, visit www.benzinga.com/apis/.

About tradeInsightAI

tradeInsightAI is a real time AI-powered financial intelligence platform that triangulates high-resolution market data, news, and alternative datasets to deliver total situational awareness for traders. Founded by a known ex-quantitative portfolio manager at one of the largest hedge funds in the world, market microstructure and AI engineers, the company’s mission is to clarify the deluge of financial information by bridging the gap between fragmented market noise and actionable understanding. tradeInsightAI’s Agentic Market Inference Engine (AMIE) unifies auction dynamics, market structure, news, social media chatter, prediction markets, filings and more through a full-stack AI engine built from the ground up to detect market shifts.

To learn more, visit https://tradeinsight.ai.

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