Technology Sector

The technology sector is one of the fastest-growing industries globally and serves as the backbone of digital transformation across all fields. It encompasses a wide range of activities — from software development and artificial intelligence to IoT, cloud computing, blockchain applications, and cybersecurity solutions.

According to global projections, the size of this market is expected to reach $15 trillion by 2030 , growing at an annual rate of over 7% . Moreover, spending on artificial intelligence alone is projected to reach $400 billion by 2027 , highlighting the increasing focus on advanced technologies.

A recent study by McKinsey & Company (2024) revealed that 68% of early-stage tech startups rely on consulting firms in their first years to build business models, manage growth, and improve operational efficiency . Additionally, 90% of leading technology firms use specialized consulting services for cybersecurity planning and digital protection strategies , according to a report by Gartner (2024) .

This vital sector is characterized by intense global competition, driven by the continuous need for innovation and the development of cutting-edge products. At the same time, companies face critical challenges such as ensuring cyber protection, safeguarding sensitive data, managing rapid expansion, optimizing human resource planning, keeping up with fast-evolving privacy and technology regulations, and improving operational efficiency without compromising speed-to-market.

Here lies the importance of partnering with strategic and administrative consulting firms , which offer tailored services that help technology companies overcome these challenges and achieve sustainable growth — while enhancing competitiveness and streamlining operations.