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2025-2034 Software Consulting Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Software Consulting
What Is the Expected CAGR for the Software Consulting Market Through 2025?
The rapid growth of the software consulting market in the recent past has been impressive. From being valued at $326.81 billion in 2024, it is expected to rise to a value of $365.99 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 12.0%. This impressive progression in the historical period can be credited to factors such as the increasing complexity of software solutions, the necessity for business process optimization, initiatives for digital transformation, evolving requirements for regulatory compliance, and the need for expertise in emerging technologies.
What's the Projected Size of the Global Software Consulting Market by 2029?
The market size for software consulting is projected to experience a swift expansion in the upcoming years, reaching $583.24 billion in 2029 with a compound annual growth rate (CAGR) of 12.4%. Such growth during the forecasted period can be credited to an ongoing emphasis on cybersecurity consulting, remote work solutions, and strategic IT planning and alignment. The forecasted period also expects to see significant trends, like blockchain integration, a concentration on user experience (UX) design, and the evolution of regulatory compliance services, together with subscription-based and SaaS models.
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Top Growth Drivers in the Software Consulting Industry: What's Accelerating the Market?
The upsurge in the utilization of cloud computing is propelling the expansion of the software consulting market. Cloud computing involves the provision of computing services, encompassing storage, processing power, and applications, via the internet. Software consulting enhances the adoption of the cloud by providing expertise, advice, and bespoke solutions to enterprises aiming to utilize the advantages of cloud technologies. For example, a report by the European Commission, a Belgium-based governing body, in April 2023 showed that 42.5% of EU businesses used cloud computing services, mainly for office software, file storage, and email. Additionally, in 2023, the proportion of EU companies using cloud computing services saw a 4.2 percentage point leap compared to 2021. Hence, the increasing use of cloud computing is fuelling the demand for software consulting services market growth.
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What Trends Will Shape the Software Consulting Market Through 2029 and Beyond?
Leading firms in the software consulting market are leveraging technology consulting to fortify their market standing. Tech advancements play a crucial role in enhancing the potential, efficiency, and innovation within the software consulting market. For example, Atos, an IT company based in France, initiated an advisory service known as Technology Consulting, intended for C-suite executives in July 2023. This global service was first introduced in selected European countries. It ensures IT decisions are synchronized with business strategies, utilizing Atos' ecosystem expertise to tailor digital journeys. The service emphasizes on generative AI, data, analytics, automation, and IoT, assisting clients in navigating the intricate digital landscape and predicting technology trends.
What Are the Main Segments in the Software Consulting Market?
The software consultingmarket covered in this report is segmented -
1) By Type: Enterprise Solutions, Application Development, Migration And Maintenance Services, Design Services
2) By Enterprise Size: Large Enterprise, Small And Medium Enterprise
3) By End-Use Industry: Automotive, Education, Government, Healthcare, IT And Telecom, Manufacturing
Subsegments:
1) By Enterprise Solutions: Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Supply Chain Management (SCM), Business Intelligence (BI) Solutions
2) By Application Development: Web Application Development, Mobile Application Development, Custom Software Development, SaaS Development
3) By Migration And Maintenance Services: Cloud Migration Services, Legacy System Migration, Software Maintenance And Support, Upgrades And Patches
4) By Design Services: User Experience (UX) Design, User Interface (UI) Design, Prototyping And Wireframing, Graphic Design For Applications
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Which Top Companies are Driving Growth in the Software Consulting Market?
Major companies operating in the software consulting market include accenture* plc, International Business Machines Corporation, PricewaterhouseCoopers B.V., Oracle Corporation, SAP SE, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Technologies Private Limited, Klynveld Peat Marwick Goerdeler Co, Atos SE, CGI Group Inc., McKinsey & Company, Tech Mahindra Pvt Ltd., Bain & Company, LTIMindtree Limited, FTI Consulting, Grant Thornton International Ltd., Global eProcure, Mphasis Ltd., HCL Technologies, Hexaware Technologies Ltd., BearingPoint Europe Holdings B.V., Trianz Holdings Private Limited, Zensar Technologies Limited, BJSS Ltd., Clearfind, Virtusa Consulting Services Private Limited, Rapport IT Services Pvt Ltd., Convedo Group
Which Regions Will Dominate the Software Consulting Market Through 2029?
North America was the largest region in the software consulting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software consulting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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