The global software consulting market size is expected to be worth around US$ 639.18 billion by 2030, according to a new report by Vision Research Reports.
The global software consulting market size was valued at US$ 318.60 billion in 2020 and is anticipated to grow at a CAGR of 13.0% during forecast period 2021 to 2030.
|Market Size||US$ 639.18 Bn by 2030|
|Growth Rate||CAGR of 13.0% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Application, enterprise size, end-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Accenture PLC; Atos SE; Capgemini; CGI Group, Inc.; Clearfind; Cognizant; Deloitte Touche Tohmatsu Ltd.; Ernst & Young LLP; International Business Machines Corp.; Oracle Corp.; PricewaterhouseCoopers B.V.; Rapport IT; SAP SE|
This growth is attributed to the myriad of benefits these solutions and services offer, such as optimizing business operations, minimizing wastage, and augmenting organizational revenues. These services also help organizations in identifying business growth opportunities and determining areas for cost efficiencies. The Covid-19 pandemic has affected market players as well as consultants.
The growing adoption and deployment of cloud technology can be attributed mainly to the growing interest of organizations in operational flexibility, business applications, and workload optimization hosted on a cloud computing environment. The high level of scalability &flexibility along with cost advantages offered by cloud computing is also influencing the migration to cloud platforms, thereby driving the market growth.
By Application Analysis
The software security services segment is anticipated to register the highest growth rate over the forecast period. The growth of this segment can be attributed to the increasing use of cloud servers to store information and an increasing number of cyberattacks to gain access to information.The enterprise solutions segment accounted for the largest market share of over 21% in 2020 and is projected to remain dominant throughout the forecast period.
Software applications have become an integral part of enterprises regardless of the main business operations of the company. The security of these software applications has been a critical concern for companies as they are continuously accessible to the network and susceptible to a wide range of security threats.
By Enterprise Size Analysis
The large enterprise segment accounted for the largest market share of more than 61.5% in 2020. Large enterprises have vast data that needs to be effectively managed in local offices as well as overseas.
The Software-as-a-Service (SaaS) model has also been experiencing high demand in the B2B sector, wherein the use of technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), is likely to improve automation and data-based decision-making across operations.
The small & medium enterprises segment is expected to register the fastest CAGR over the forecast period. Increasing initiatives by various governments through digital SME campaigns are anticipated to drive the growth of the segment.
By End-use Analysis
The BFSI segment accounted for the largest market share of over 19% in 2020. Financial service firms are widely adopting consulting services to focus on their resources, integrate software across critical processes, and drive business growth.
The growing adoption of cloud-based solutions and services for the storage of critical information of the customers and the growing number of cyberattacks are driving the demand for software security consulting services in the BFSI segment.
The healthcare segment is anticipated to register the highest CAGR over the forecast period. Increasing technological developments, such as Internet of Things (IoT) & wearables, cloud services, product engineering services, integration services, and data science and business intelligence solutions, in the healthcare sector are expected to boost the segment growth.
By Regional Analysis
North America dominated the global market with a revenue share of over 31% in 2020 and will expand further at a steady growth rate from 2021 to 2030. The region is witnessing a high inflow of investments in technological R&D across various industries.
The market in Asia Pacific is expected to register the fastest CAGR from 2021 to 2030. Various governments in the region are encouraging software companies to design and develop Free and Open-Source Software (FOSS) for SaaS, mobile applications, and Service-Oriented Architecture (SOA).
CGI Group, Inc.
Deloitte Touche Tohmatsu Ltd.
Ernst & Young LLP
International Business Machines Corp.
Migration & Maintenance Services
Application Testing Services
Software Security Services
By Enterprise Size
Small & Medium Enterprises (SMEs)
IT & Telecom
Middle East & Africa (MEA)
The Software Consulting market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Software Consulting market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Software Consulting market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Software Consulting market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Software Consulting market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Software Consulting capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Software Consulting by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Software Consulting market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Software Consulting market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Software Consulting market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Software Consulting industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Software Consulting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Software Consulting market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Software Consulting market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Software Consulting market. These factors have benefited the growth of the global market for Software Consulting. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Software Consulting. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Software Consulting are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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