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IT Consulting Rates: A Complete Price Guide for 2021

IT technologies provide businesses with a lot of opportunities to fulfill their needs so that companies will invest more in tech trends. The demand for IT consulting services will increase correspondingly. The stats fully prove it: according to Acumen’s data,  the worldwide software consulting market size will be more than $383 billion by 2026. Such  growth is understandable: IT consultancy will gain popularity, helping companies move forward by adapting the latest tech innovations in their products.

This post will cover average prices for software consulting services, factors influencing their costs, and other necessities. 

Things to Know About IT Consulting Rates

To obtain a high-class end product fully responding to your business aims, you should find an experienced technical specialist to take their advice. IT consultants are the best match for these purposes having profound expertise in particular tech fields. 

The specialists’ consulting rates typically depend on the company’s location and size, industry specialization, gathered experience, etc. 

Prices by Consulting Business Size

Various companies choose IT consultancy in order to improve their workflow, make profitable business investments, and save time to focus on essential business objectives. 

Let’s learn more about the software vendors providing the clients with advisory services. 

Consulting Rates by Industries

IT consulting specialists work with various spheres (such as healthcare, logistics, blockchain, or fintech),  having profound domain expertise in them. The IT advisory cost is determined by the consultant’s experience, skills, or domain they are experienced in.

For instance, Glassdoor, a globally known hiring platform, states that US Java consultants earn $81,817 annually. It means their average hourly rate is $52. According to ZipRecruiter, Java consultants in the United States charge $55 – $120/hour, and their yearly fee is $123,695. C# consultants charge $77,500 as a rule. This is equal to $30 – $50 roughly per hour.


Consulting Rates by Region

According to Grand View Research data, the US dominates the consulting market providing software advisory services in different well-invested domains (such as ERP, CRM, IoT, or data analytics). So, the US hourly consulting rates are considered to be the highest ones ($100 – $250).

The Asia Pacific region is the second-biggest consulting market, which is closely connected to the e-commerce industry’s expansion. As the requirements for fintech services grow, so does the need for IT consultancy.

As to the other destinations of IT outsourcing, Europe is the third-largest software advisory market in the world. It constantly rises according to government support and quick investments in development projects. So, if you want to choose an appropriate offshore destination, Eastern Europe could be the best one due to its top-class services at reasonable prices.

IT Consulting Fee Structure

The first thing to ask when hiring a consultant is how much they charge for their work. To be flexible for clients, IT consultants use the below invoicing models, which are the most common ones.

Remember that the project-based approach is more complex than the hourly wages model, but you will know precisely how much you’ll spend up beforehand.

Wrapping Up

Different factors influence the cost of IT consultancy, such as staff qualification, software company location, or average hourly wages. However, if you want to obtain high-class advisory services at affordable costs, competent IT specialists will help you. They will define your business needs and analyze them to provide you with the best technical solutions and dev tools to make the upcoming end product competitive and thriving on the market.

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