New York, Jan. The decline is mainly due to the COVID outbreak that has led to restrictive indisn measures involving social distancing, indspendent working, and the closure of industries and other commercial activities resulting in operational challenges. The technology advisory market consists of the sales of technology advisory services by entities organizations, sole traders and partnerships that provide advisory services to clients to identify, prioritize, de, and manage their investments in a range of advanced technologies.
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Technology advisory services provide consultancy on developing laddner strategies, technology ideation and prototyping, de digital consulting services, and ways to enhance cybersecurity. Only goods and services traded between entities or sold to end consumers are included. North America eecort the largest region in the technology advisory market in Asia-Pacific is expected to be the fastest-growing region in the forecast period. In OctoberAccenture plc, an Ireland-based global professional services company providing services in strategy, consulting, technology, and operations, has acquired SALT Solutions AG, a German technology consultancy for an undisclosed amount.
The acquisition is expected to help Accenture plc in building a cloud-based industrial internet-of-things IoT platform that will enable the client to reduce quality and wastes issues in the ondependent supply chain.
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The acquisition will help Accenture to expand its digital manufacturing and operations business in Germany. The technology advisory market covered in this report is segmented by services into application development; cloud services; cybersecurity and privacy; data and analytics; technology strategy and enterprise architecture; others and by end-use escorh banking; financial services; healthcare; IT and telecom; government; others.
Security and reliability concerns are expected to limit the growth of the technology advisory market. Security hacks, illegal surveillance, lack of transparency, misuse of personal data, and algorithmic bias are some key factors that have come along with increased technological advancement. For instance, State Bank of India SBIan Indian public sector bank, suffered a loss of confidential information of its million customers.
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Organizations today rely very much on applications and IT software to conduct business. Software defects resulting in unauthorized access, and the use of malicious intruders and malicious code to breach the security of the system are adding more to the security and reliability of third-party technology advisory services and hence restraining the market growth. Mileage 7, km.
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