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Devoteam SWOT & PESTLE Analysis

ID : 521251553| Jun 2022| 21 pages

COMPANY PROFILE -Devoteam

Business Sector :Technology Consulting

Operating Geography :France, Europe, Global

About Devoteam :

Devoteam is a digital strategy, technology platforms, and cybersecurity consulting organisation. The headquarters of the corporation are in France. It was founded in 1995. The firm empowers its customers to reinvent their businesses and unlock the future by integrating creativity, technology, and data insights. It offers marketing, telecom, and systems security consulting services in the IT industry, as well as solution and system integration, project management, application development, outsourcing, and customer support. Operators in the industrial and distribution, banking and insurance, utilities and the public sector, as well as the telecommunications industry, are among the company's primary clients. Devoteam SA has offices in over 20 countries, including Austria, Belgium, the Czech Republic, Denmark, France, Germany, Norway, Sweden, Poland, the Netherlands, Spain, Switzerland, the United Kingdom, the United Arab Emirates, Saudi Arabia, Turkey, and Russia. Devoteam M Cloud received the 'Microsoft Partner of the Year Award' for France in July, 2021. Devoteam has over 8,000 employees as of early 2022 across its global offices.

Devoteam's Unique Selling Point or USP lies in its being a major player in the innovative technology consulting industry. The mission statement of Devoteam reads, "We are ambitious entrepreneurs with a taste for performance, growth and celebrating success. Commitments are always kept as we seek to achieve profitable growth to create value and employment. We aim to bring as much value as possible to our clients, at every touchpoint".

Devoteam Revenue :


€ 760.4 million – FY ending 31 December 2020
€ 761.9 million - FY ending 31 December 2019

Competitive Analysis of Devoteam

SWOT
PESTLE
The SWOT analysis for Devoteam is presented below in a matrix followed by the detailed analysis report:
StrengthsWeaknesses
1. Leading technology consulting firm with wide global presence
2. Strong cloud partnerships with leading firms such as Google and Microsoft
3. Strong focus on Research, Development and Innovation
4. Strong and successful acquisition activity by Devoteam Group
1. Increase in effective tax paid and tax loss carryforwards
2. Lack of digitization realized in company after logistical difficulty
3. Personal data protection is a major challenge in the Group
4. Utilization rate of internal resources decreased since 2019
OpportunitiesThreats
1. Enter and win in new markets with increasing demand of business automation and other technologies
2. Improve operational and financial performance within the Group
3. Create sustainable business solutions
1. High competition in tech consulting industry
2. High obsolescence rate of skills in tech industry
3. Data breaches and cyberattacks from third party is a threat for Devoteam
SWOT & PESTLE (combined)
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Detailed SWOT Analysis of Devoteam

Strength

1. Leading technology consulting firm with wide global presence: Devoteam is a global technology consulting firm based in Netherlands, providing a wide variety of solutions. The firm helps companies conduct digital transformation through their 6 unique capabilities- Data-Driven Intelligence, Digital Business & Products, Business Automation, Distributed Cloud, Trust & Cybersecurity and Sustainability through digital transformation. 45% of the company’s revenue come from its operations in France, 28% from Northern Europe, 9% from Central Europe, 10% from Iberia and Latin America, and 9% from the rest of the world and corporate. While Devoteam’s revenue from France and Central Europe reduced in 2020 as compared to 2019 due to effects of the pandemic, its revenues increased from Northern Europe and Benelux. Devoteam’s top 3 clients (BNP Paribas, CA/CL) constitute 12% of their revenues, and the next 7 largest customers combine to make up 15% of revenues. Devoteam’s clients majorly lie in the Services, Industry and Energy Sector (54%), Media Telecom (9%), Finance Services (21%) and the Public Sector (15%). Its large clients also include IKEA, Carrefour and Airbus Group. Despite the pandemic, the company’s financials have remained steady with no significant y-o-y changes (0.2% only). Devoteam has been recognized for its superior service as the winner of 2021 Microsoft Partner of the year. Devoteam was also recognized as the 2021 ServiceNow EMEA IT Workflow Partner of the year in March.

2. Strong cloud partnerships with leading firms such as Google and Microsoft: Devoteam has partnered with 5 leading companies- AWS, Microsoft, Google Cloud, Service Now and Salesforce to expand its services. Devoteam has accelerated its Google Cloud partnership to achieve its goal of reaching $1 Billion euros in accumulated sales in the next 4 years, by leveraging its position as a premier Google Cloud reseller and services partner. Devoteam has chosen Google Cloud as a key market maker of the world’s digital transformation. Devoteam aims to help its customers all over Europe to transform their digital workplace and modernize their IT infrastructure and applications. Devoteam has also accelerated on low-code technologies in Europe and OutSystems has been chosen as Devoteam’s partner in bringing rapid development of multi-experienced business applications. OutSystems’ technology is advantageous in reducing the delivery times of these applications to few weeks for delivery and few days to update.

The remaining section under "Strength" is available only in the 'Complete Report' on purchase.

Weakness

This section is available only in the 'Complete Report' on purchase.

Opportunity

This section is available only in the 'Complete Report' on purchase.

Threat

This section is available only in the 'Complete Report' on purchase.

Major Competitors :

  • Wavestone
  • Groupe one Point
  • Valtech
  • North Highland
  • Perficient
  • Capgemini
  • AKKA Technologies
  • ALTEN
  • Viseo
  • Calian
  • KRG Technologies
  • Open Systems Technologies (OST)

Major Brands :

  • Ysance SA
  • Siticom Group
  • Devoteam Alegri GmbH
  • D2SI SAS
  • Jayway AB
  • Devoteam GmbH
  • Fenesis Swiss Team AG
  • TMNS BV
  • gPartner SAS
  • Power Data Solutions SL
  • Wola Info
  • New Business Intelligence Company SL
  • Nubalia Cloud Computing SL
  • Inviso by Devoteam ApS
  • Apogee Communications
  • Devoteam Fringes SA
  • Boldint LDA
  • Quaint AB
  • Devoteam Fischer & Lorenz A/S
  • Integrity S.A.
  • Cesmo SA
  • REM Solutions SA
  • XP Conseil
  • SASU Devoteam Consulting
SWOT & PESTLE (combined)
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TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?

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References used in Devoteam SWOT & PESTLE Analysis Report

1. Annual Report - https://www.devoteam.com/wp-content/uploads/2021/06/Devoteam-Annual-Financial-Report-2020.pdf
2. Corporate - Taxes on corporate income - https://taxsummaries.pwc.com/france/corporate/taxes-on-corporate-income#:~:text=For%20FY%20opened%20as%20of,million%20for%20FY%20opened%20before
3. Privacy and Cybersecurity Developments in Latin America - https://www.jonesday.com/en/insights/2018/06/privacy-and-cybersecurity-developments-in-latin-am
4. Newsroom - https://www.gartner.com/en/newsroom/press-releases/2020-11-17-gartner-forecasts-worldwide-public-cloud-end-user-spending-to-grow-18-percent-in-2021
5. IT firms may see high attrition as demand for tech talent rises - https://economictimes.indiatimes.com/tech/information-tech/it-firms-may-see-high-attrition-as-demand-for-tech-talent-rises/articleshow/81717625.cms
The detailed complete set of references are available on request in the 'Complete report' on purchase.

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SWOT & PESTLE.com (2022). Devoteam SWOT & PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/devoteam/ [Accessed 25 Jun, 2022].

In-text: (SWOT & PESTLE.com, 2022)

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Devoteam SWOT and PESTLE analysis has been conducted by Muskan Arya and reviewed by senior analysts from Barakaat Consulting.

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