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Good mood in the IT midmarket

According to Lünendonk, leading midmarket IT consultancies grew faster than the overall market in 2018 despite a high shortage of skilled workers.
E-3 Magazine
October 16, 2019
Good mood in the IT midmarket
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This text has been automatically translated from German to English.

2018 was another very successful year for the 20 leading medium-sized IT consultancies, with average revenue growth of 13.8 percent.

This enabled them to gain further market share over the top 25 IT consultancies, which grew at a slightly slower statistical average of 12.3 percent.

The good mood and future business development of the 20 leading IT consultancies are only clouded by the tense situation on the IT labor market.

It is becoming increasingly difficult for SMEs to find and recruit urgently needed specialists in STEM subjects. Almost one in ten vacancies remained unfilled as a result of the shortage of specialists in the top 20 medium-sized IT consultancies analyzed in 2018.

In times of ever more project inquiries, this means that around one in five project inquiries had to be rejected. The medium-sized IT consultancies surveyed are trying to close the gap in vacancies in the future with significantly stronger measures in the area of personnel marketing and active sourcing.

Furthermore, more and more IT consultancies are training their own specialists and entering into strategic collaborations with universities. More investment in recruiting as well as in employee retention is becoming a decisive success factor for medium-sized IT consultancies in order to fulfill their role as partners in the digital transformation for customers.

Ranking Top 20 IT medium-sized companies F100719 Cmyk

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