Software Consulting Global Market Sees Growth Rate Of 12% Through 2026
25 May, 2022
The global software consulting market size is expected to grow from $209.8 billion in 2021 to $234.38 billion in 2022 at a compound annual growth rate (CAGR) of 12.18%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global software consulting market size is expected to reach $375.17 billion in 2026 at a CAGR of 12.46%.
What is the Global Software Consulting Market?
The software consulting market consists of sales of software consulting services and related products by entities (organizations, sole traders, and partnerships) that provide software or IT services. In the software consulting process, software consultants in collaboration with software developers advise on design, building, strategy, and implementation of software that solves business problems. Major software consulting services include conducting feasibility study, analyzing software systems for efficiency, customizing software systems, monitoring software for updates and security, implementing new software, and advising businesses regarding software.
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What drives the Global Software Consulting Market?
Increasing adoption of cloud computing by enterprises is the key driver contributing to the growth of the software consulting market. Enterprises are increasingly adopting the latest technologies such as cloud computing to increase productivity and efficiency. So, growing adoption of cloud computing is driving demand for software consulting services.
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Global Software Consulting Market Segments
The global software consulting market is segmented:
By Type: Enterprise Solutions, Application Development, Migration and Maintenance Services, Design Services
By Enterprise Size: Large Enterprise, Small and Medium Enterprise
By End-Use Industry: Automotive, Education, Government, Healthcare, IT and Telecom, Manufacturing
By Geography: The regions covered in the software consulting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Software Consulting Global Market Report 2022provides market size and growth forecasts for the global software consulting market, global software consulting market share, software consulting market segments and geographies, software consulting market competitive landscape including leading competitors’ revenues, profiles and market shares. The software consulting market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Software Consulting Industry Playersinclude Cap Gemini, Atos SE, Oracle, Accenture, IBM Corporation, Deloitte Touche Tohmatsu Limited, CGI Group Inc., Cognizant, Ernst & Young Global Limited, and SAP SE. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.