[Ranking] TOP 25 IT Consulting & Other Services / Technology Companies Q3/2023
Intro
The IT Consulting & Other Services industry plays a critical role in the worldwide economy, providing essential support and expertise to businesses in the technology sector. With the rapid advancement of technology and the increasing reliance on digital solutions, companies in this sub-industry have become indispensable partners for organizations looking to navigate the complex world of IT.
The influence of the IT Consulting & Other Services industry extends far beyond the technology sector. Its ripple effects can be felt across diverse industries, including finance, healthcare, retail, and manufacturing. From implementing cybersecurity measures to optimizing data analytics, these companies help businesses in various sectors harness the power of technology to drive growth, streamline operations, and enhance customer experiences.
The economic magnitude of the IT Consulting & Other Services industry is substantial and continues to grow. As businesses around the world increasingly rely on digital solutions, the demand for specialized consulting and support services is on the rise. According to industry reports, the global IT consulting market is projected to reach a value of $500 billion by 2026, reflecting the upward trajectory and immense potential of this sub-industry.
Recent trends and breakthroughs in the IT Consulting & Other Services industry have been shaping its landscape. The rapid adoption of cloud computing, the proliferation of artificial intelligence and machine learning technologies, and the growing importance of cybersecurity have all had a significant impact on the services provided by companies in this sub-industry. Additionally, the COVID-19 pandemic has accelerated digital transformation efforts, creating new challenges and opportunities for IT consulting firms.
The IT Consulting & Other Services industry is characterized by its ever-changing landscape. Technology evolves at a rapid pace, and companies in this sub-industry must constantly adapt to stay relevant. The exploration of the top companies in this field will shed light on their innovative approaches, industry-leading expertise, and the unique value they bring to their clients.
Ranking
#25 Mindtree
Employees: 22K
Revenue: 1.1B$
Website: https://www.mindtree.com
Description: Mindtree, headquartered in Bangalore, India, is a leading IT consulting and services company operating in the Technology industry. Founded in 1999, the company has grown to employ approximately 22,000 professionals globally. Mindtree offers a wide range of services including digital transformation, application development and maintenance, infrastructure management, testing, and data analytics. With a focus on delivering innovative and agile solutions, Mindtree helps clients across various sectors navigate their digital journeys and achieve business success. The company has achieved significant revenue growth, generating approximately 1.1 billion dollars in revenue annually.
#24 L&T Technology Services
Employees: 16K
Revenue: 1.4B$
Website: https://www.ltts.com
Description: L&T Technology Services is a leading IT consulting and services company based in Mumbai, India. Established in 2012, the company has rapidly grown to become a major player in the technology industry. With a workforce of approximately 16,000 employees, L&T Technology Services offers a wide range of IT consulting and other services to clients across various sectors. The company provides innovative solutions in areas such as engineering services, digital transformation, smart manufacturing, and IoT. L&T Technology Services has achieved significant revenue growth, with annual revenues reaching 1.4 billion dollars. With its strong expertise and customer-centric approach, the company continues to thrive in the competitive technology landscape.
#23 EPAM Systems
Employees: 41K
Revenue: 3.5B$
Website: https://www.epam.com
Description: EPAM Systems, headquartered in Minsk, Belarus, is a leading company in the IT Consulting & Other Services industry. Since its founding in 1993, EPAM has grown to employ approximately 41,000 professionals worldwide. The company provides a range of consulting and technology services to help clients in various sectors harness the power of digital transformation. With a revenue of 3.5 billion dollars, EPAM has established itself as a key player in the industry. Their expertise in software development, design, and consulting enables them to deliver innovative solutions that drive business growth and enhance customer experience.
#22 Tech Mahindra
Employees: 130K
Revenue: 4.9B$
Website: https://www.techmahindra.com
Description: Tech Mahindra, headquartered in Pune, India, is a leading company operating in the IT Consulting & Other Services industry. With a rich history dating back to its founding in 1986, Tech Mahindra has established itself as a prominent player in the technology sector. The company boasts a workforce of approximately 130,000 employees, who contribute to its success in delivering innovative and cutting-edge solutions to clients worldwide. Tech Mahindra's revenue stands at an impressive 4.9 billion dollars, a testament to its strong market presence and financial performance. Through its comprehensive range of IT consulting and other services, Tech Mahindra continues to drive digital transformation and provide value-added solutions to its diverse client base.
#21 Wipro Limited
Employees: 200K
Revenue: 8.5B$
Website: https://www.wipro.com
Description: Wipro Limited, headquartered in Bangalore, India, is a leading IT consulting and services company operating in the Technology industry. Founded in 1945, Wipro has grown to become a global player in the IT sector, with a strong focus on IT consulting and other related services. With a workforce of around 200,000 employees, Wipro offers a wide range of services including application development and maintenance, system integration, cloud computing, cybersecurity, data analytics, and IT infrastructure services. The company serves clients across various sectors such as banking, financial services, retail, healthcare, and manufacturing. Wipro has achieved significant revenue growth, with annual revenues reaching 8.5 billion dollars. Through its innovative solutions and customer-centric approach, Wipro continues to be a prominent player in the IT consulting and services industry.
#20 Wipro
Employees: 200K
Revenue: 8.5B$
Website: https://www.wipro.com
Description: Wipro, headquartered in Bangalore, India, is a leading global IT consulting and services company. Founded in 1945, Wipro has established itself as a key player in the technology industry. With a workforce of approximately 200,000 employees, the company offers a wide range of IT consulting and other services to clients across the globe. Wipro's services include software development, infrastructure management, business process outsourcing, and digital transformation solutions. The company has achieved significant revenue growth, with annual revenues reaching 8.5 billion dollars. With its strong presence in the technology sector, Wipro continues to deliver innovative solutions and drive digital transformation for its clients.
#19 NTT Data
Employees: 120K
Revenue: 10B$
Website: https://www.nttdata.com/global/en/
Description: NTT Data is a leading global IT consulting and services company headquartered in Tokyo, Japan. With a history dating back to 1988, the company has established itself as a trusted partner in the technology industry. NTT Data specializes in providing a wide range of IT consulting and other services, catering to the needs of various sectors. Their expert team of professionals helps businesses leverage technology to optimize their operations, enhance productivity, and drive innovation. With a workforce of around 120,000 employees, NTT Data is committed to delivering high-quality solutions and services to their clients worldwide. The company has achieved significant revenue growth, with annual revenues reaching approximately 10 billion dollars. NTT Data continues to be at the forefront of the IT consulting and services industry, delivering value-driven solutions to help organizations thrive in the digital era.
#18 HCL Technologies
Employees: 168K
Revenue: 10.3B$
Website: https://www.hcltech.com/
Description: HCL Technologies, headquartered in Noida, India, is a prominent player in the IT Consulting & Other Services industry. Since its establishment in 1976, HCL Technologies has grown to become a leading global technology company. With a workforce of approximately 168,000 employees, the company provides a wide range of IT consulting and related services to clients across various sectors. HCL Technologies offers expertise in areas such as application development, infrastructure management, engineering services, cybersecurity, and cloud solutions. The company's commitment to innovation and customer-centric approach has enabled it to achieve significant revenue growth, with annual revenues reaching 10.3 billion dollars. HCL Technologies continues to expand its global footprint and deliver cutting-edge technology solutions to organizations worldwide.
#17 HCL Technologies Limited
Employees: 159K
Revenue: 10.5B$
Website: https://www.hcltech.com/
Description: HCL Technologies Limited is a leading IT consulting and services company headquartered in Noida, India. With a history dating back to 1976, HCL has grown to become a global player in the technology industry. The company specializes in providing a wide range of IT consulting and other services, including software development, infrastructure management, cybersecurity, and cloud computing. With a workforce of approximately 159,000 employees, HCL operates on a global scale, serving clients across various industries such as banking, healthcare, retail, and manufacturing. In 2020, HCL reported a revenue of 10.5 billion dollars, solidifying its position as one of the largest IT services providers in the world.
#16 CGI
Employees: 76K
Revenue: 12.1B$
Website: https://www.cgi.com
Description: CGI is a leading IT consulting and services company based in New York, United States. With a history dating back to 1976, CGI has established itself as a prominent player in the technology industry. The company boasts a workforce of approximately 76,000 employees, providing a wide range of IT consulting and other services. CGI's expertise in areas such as cloud computing, cybersecurity, data analytics, and digital transformation allows them to deliver innovative solutions to clients across various sectors. With annual revenues of 12.1 billion dollars, CGI has consistently demonstrated its financial strength and market presence in the technology consulting industry.
#15 Atos
Employees: 110K
Revenue: 12.6B$
Website: https://atos.net
Description: Atos is a leading IT consulting and services company headquartered in Bezons, France. With a strong presence in Europe, Atos provides a wide range of technology services and solutions to clients in various industries. The company was founded in 1997 and has since grown to employ approximately 110,000 professionals worldwide. Atos offers expertise in IT consulting, systems integration, managed services, and digital transformation. They assist clients in optimizing their IT infrastructure, developing innovative software solutions, and implementing cutting-edge technologies. With a revenue of 12.6 billion dollars, Atos continues to be a key player in the IT consulting and other services sector.
#14 Infosys
Employees: 250K
Revenue: 12.8B$
Website: https://www.infosys.com
Description: Infosys, headquartered in Bengaluru, India, is a leading global IT consulting and services company. Founded in 1981, the company has grown to become one of the largest employers in the technology industry, with approximately 250,000 employees worldwide. Infosys offers a wide range of services in the IT consulting and other technology-related sectors, assisting businesses in transforming their operations and achieving digital transformation. With a strong focus on innovation and cutting-edge technologies, Infosys helps organizations across various industries to enhance their efficiency, agility, and competitiveness. The company's comprehensive portfolio includes services such as application development and maintenance, cloud computing, cybersecurity, data analytics, artificial intelligence, and robotic process automation. With a revenue of 12.8 billion dollars, Infosys continues to be a key player in the global technology landscape, providing innovative solutions to clients around the world.
#13 Capgemini
Employees: 270K
Revenue: 14.1B$
Website: https://www.capgemini.com/
Description: Capgemini is a leading global IT consulting and other services company based in Paris, France. With its headquarters in Europe, the company operates in the technology industry. Capgemini was founded in 1967 and has grown to become one of the largest IT consulting firms worldwide. With a workforce of approximately 270,000 employees, Capgemini provides a wide range of services in IT consulting, technology services, and digital transformation. The company's revenue is estimated at 14.1 billion dollars, reflecting its strong presence and success in the industry. Capgemini's expertise and innovative solutions make it a trusted partner for organizations seeking technology-driven solutions and digital transformation.
#12 Cognizant
Employees: 300K
Revenue: 16B$
Website: https://www.cognizant.com
Description: Cognizant, headquartered in Teaneck, United States, is a leading player in the IT Consulting & Other Services industry. Founded in 1994, the company has grown exponentially to become a major global player in the technology sector. With a workforce of approximately 300,000 employees, Cognizant offers a wide range of services to clients across various industries. The company's expertise lies in providing IT consulting, technology services, and digital transformation solutions to help organizations improve their operational efficiency and achieve their business goals. Cognizant's strong focus on innovation and cutting-edge technology solutions has helped it establish a strong presence in the industry. With annual revenues of around 16 billion dollars, Cognizant continues to expand its global footprint and deliver value to its clients.
#11 DXC Technology
Employees: 130K
Revenue: 19.6B$
Website: https://www.dxc.technology/
Description: DXC Technology is a leading IT consulting and services company operating in the Technology industry. With headquarters in Tysons, Virginia, United States, DXC Technology provides a wide range of IT consulting and other services to clients globally. The company was founded in 2017 and has grown to employ approximately 130,000 professionals. DXC Technology generates significant revenue, with an annual revenue of around 19.6 billion US dollars. The company leverages its expertise in technology and industry-specific knowledge to help clients enhance their IT capabilities, streamline operations, and achieve digital transformation. With a strong focus on innovation and customer-centric solutions, DXC Technology remains at the forefront of the IT consulting and services industry.
#10 DXC Technology Company
Employees: 138K
Revenue: 20B$
Website: https://www.dxc.technology/
Description: DXC Technology is a leading IT consulting and services company based in Tysons, Virginia. With its headquarters in North America, DXC Technology operates in the Technology industry. The company was founded in 2017 and currently employs approximately 138,000 professionals globally. DXC Technology provides a wide range of IT consulting and other services, helping organizations enhance their digital transformation and achieve their business objectives. Their services include cloud computing, cybersecurity, analytics, enterprise applications, and IT outsourcing. With a revenue of 20 billion dollars, DXC Technology is a key player in the IT consulting and services sector, offering innovative solutions and expertise to clients worldwide.
#9 Tata Consultancy Services Limited
Employees: 448K
Revenue: 22.2B$
Website: https://www.tcs.com
Description: Tata Consultancy Services Limited (TCS) is a leading IT consulting and other services company headquartered in Mumbai, India. Founded in 1968, TCS has grown to become one of the largest IT service providers globally. With a workforce of approximately 448,000 employees, TCS offers a wide range of IT consulting and other services to clients across various industries. The company provides solutions in areas such as application development, infrastructure services, business process outsourcing, and digital transformation. TCS has established itself as a trusted partner for organizations seeking innovative technology solutions and has achieved significant revenue of 22.2 billion dollars. With a strong presence in the technology industry, TCS continues to drive digital innovation and deliver value to its clients.
#8 Tata Consultancy Services
Employees: 448K
Revenue: 22.2B$
Website: https://www.tcs.com
Description: Tata Consultancy Services (TCS) is a leading global IT consulting and services company headquartered in Mumbai, India. With a history dating back to 1968, TCS has grown into one of the largest IT services firms in the world. The company offers a wide range of services in the technology industry, including IT consulting, software development, infrastructure management, and digital transformation solutions. TCS serves clients across various sectors such as banking, finance, healthcare, retail, and manufacturing. With a workforce of approximately 448,000 employees, TCS operates on a global scale, providing innovative and cutting-edge solutions to help businesses navigate the digital landscape. In 2020, TCS reported a revenue of 22.2 billion dollars, solidifying its position as a major player in the IT consulting and services industry.
#7 Hewlett Packard Enterprise
Employees: 60K
Revenue: 29B$
Website: https://www.hpe.com
Description: Hewlett Packard Enterprise (HPE) is a leading IT consulting and services company operating in the Technology industry. With its headquarters in San Jose, United States, HPE serves clients across North America and globally. Since its founding in 2015, HPE has grown to employ approximately 60,000 professionals who provide a wide range of IT consulting and other services. The company offers solutions in areas such as hybrid IT, intelligent edge, and financial services, helping businesses transform their operations and drive innovation. With a revenue of 29 billion dollars, HPE is a key player in the technology industry, delivering cutting-edge solutions to meet the evolving needs of its clients.
#6 Fujitsu
Employees: 100K
Revenue: 40B$
Website: https://www.fujitsu.com/
Description: Fujitsu, headquartered in Tokyo, Japan, is a leading IT consulting and other services provider in the technology industry. Founded in 1935, the company has a workforce of approximately 100,000 employees. With an impressive revenue of 40 billion dollars, Fujitsu offers a wide range of services including system integration, cloud services, infrastructure support, and cybersecurity solutions. They collaborate with clients across various sectors to help them harness the power of digital transformation, leveraging cutting-edge technologies and expertise. Fujitsu's commitment to innovation and customer satisfaction has made them a trusted partner for businesses worldwide, providing them with tailored solutions to optimize their IT operations and drive growth.
#5 Accenture Plc
Employees: 537K
Revenue: 47.1B$
Website: https://www.accenture.com
Description: Accenture Plc, headquartered in Dublin, Ireland, is a leading global IT consulting and services company operating in the Technology industry. With a workforce of approximately 537,000 employees, Accenture offers a wide range of services including management consulting, technology consulting, and outsourcing services. The company was founded in 1989 and has since grown to become one of the largest consulting firms in the world. Accenture works with clients across various industries, providing innovative solutions and helping them navigate the digital transformation. In 2020, the company reported a revenue of 47.1 billion USD, demonstrating its strong market presence and financial performance.
#4 Accenture
Employees: 537K
Revenue: 47.1B$
Website: https://www.accenture.com
Description: Accenture is a leading global IT consulting and services company headquartered in New York, United States. With a strong presence in the technology industry, Accenture offers a wide range of services including IT consulting, digital transformation, cloud solutions, cybersecurity, and data analytics. Founded in 1989, the company has grown to become one of the largest players in the industry, with a workforce of approximately 537,000 employees. Accenture has achieved significant revenue growth, reporting annual revenues of 47.1 billion dollars. The company's expertise and innovative solutions have made it a trusted partner for businesses across various sectors, helping them navigate the complex world of technology and drive their digital transformation initiatives.
#3 IBM
Employees: 345K
Revenue: 74B$
Website: https://www.ibm.com
Description: IBM, headquartered in Armonk, United States, is a global leader in IT consulting and other services in the technology industry. With a rich history dating back to 1911, IBM has established itself as a key player in the sector. The company boasts a workforce of approximately 345,000 employees, who contribute to its success in delivering innovative solutions and services to clients worldwide. IBM generates significant revenue, with an annual turnover of around 74 billion US dollars. Through its expertise in areas such as cloud computing, artificial intelligence, and cybersecurity, IBM continues to shape the future of technology and drive digital transformation for businesses across various industries.
#2 IBM Corporation
Employees: 345K
Revenue: 79.1B$
Website: https://www.ibm.com
Description: IBM Corporation is a leading player in the IT Consulting & Other Services industry. With its headquarters in Armonk, United States, IBM operates primarily in North America. Founded in 1911, the company has a workforce of approximately 345,000 employees. IBM offers a wide range of IT consulting and related services to clients across various sectors. The company's expertise spans areas such as cloud computing, artificial intelligence, cybersecurity, data analytics, and enterprise software solutions. With annual revenue of around 79.1 billion dollars, IBM remains a prominent force in the technology industry, continually driving innovation and delivering cutting-edge solutions to its clients.
#1 Microsoft
Employees: 163K
Revenue: 143.0B$
Website: https://www.microsoft.com
Description: Microsoft, headquartered in Redmond, United States, is a prominent player in the IT Consulting & Other Services industry. Founded in 1975, the company has grown to employ approximately 163,000 individuals worldwide. Microsoft is a global leader in technology solutions, offering a wide range of IT consulting and other services to businesses across various sectors. Their services encompass software development, cloud computing, cybersecurity, data analytics, artificial intelligence, and more. With a revenue of around 143.0 billion dollars, Microsoft continues to innovate and provide cutting-edge technology solutions to organizations seeking digital transformation and enhanced productivity.
Summary
The IT Consulting & Other Services sub-industry within the Technology sector is thriving, with several companies making significant strides in the market. These companies have been assessed based on various factors such as revenue, market share, and customer satisfaction.
One unexpected finding is the rapid growth of smaller IT consulting firms, which are challenging the dominance of established companies. These smaller firms are leveraging their agility and innovative approaches to attract clients and deliver exceptional services.
Among the premier companies in this sub-industry are Accenture, IBM, and Deloitte. These companies have consistently ranked at the top due to their extensive experience, global reach, and strong client relationships.
One shared element among these leading firms is their emphasis on digital transformation. They help businesses leverage emerging technologies such as AI, cloud computing, and IoT to drive growth and efficiency. Additionally, these companies invest heavily in research and development to stay ahead of industry trends.
What sets these eminent companies apart from their rivals is their ability to offer end-to-end solutions. They not only provide consulting services but also have expertise in areas such as cybersecurity, software development, and data analytics. This comprehensive approach allows them to address the diverse needs of their clients and deliver holistic solutions.