In 2017, the global software consulting market was worth USD 157.26 million. It is projected to grow at an annual CAGR of 11.8% between 2018 and 2025. Due to increasing consolidation of companies that require help in integrating accounting and information storage systems, the market has seen growth over the last few years.
Software consultancy is increasingly important for many businesses around the world to keep up with the rapidly changing technological environment. The software consulting market is expected to grow due to favorable government regulations and low start-up costs. Market demand is expected to grow due to globalization and offshoring over the forecast period.
Software consulting services can help companies design, optimize, architect and implement software and processes. The services can also assist organizations in making informed decisions about how to align their investment and technology strategies with their business or process strategies. Software consulting involves disseminating data, providing technical expertise and testing & supporting software. It also includes planning & system design.
Technological trends that favor data analytics and cloud computing are increasing the demand for services, and encouraging companies to adopt new software solutions. Over the forecast period, the demand for software consulting services will increase due to increased investments in software and advanced computers.
The market's growth will be impeded by a lack of technical knowledge and inability to satisfy client needs. Market growth is difficult because it requires a client network that provides a consistent workflow. The market growth will also be affected by cultural conflicts and business transitions.
The software consulting market can be divided by application into enterprise solutions, software development, migration & maintenance, design services and application testing services. Due to increasing usage of cloud servers for storage and increasing cyberattacks to gain access, the software security services segment will be the fastest growing segment of the market.
Globally, e-commerce and cloud computing are becoming more popular. This trend has been a boon for software security service providers, as large amounts of data are stored on cloud servers and require protection. The growth of this segment is expected to be supported by favorable government regulations to reduce cyberattacks.
Over the forecast period, the large enterprise segment is expected to dominate the market for revenue. Large enterprises have been seen investing in software solutions in order to maintain or improve their market position in a highly competitive marketplace. They also adopt advanced technologies to meet changing industry needs. This will drive the market's growth.
The increasing number of SMEs around the world is driving demand for new software solutions that increase productivity and efficiency. This will drive the market's growth over the forecast period. The forecast period will see an increase in demand for software consulting services such as ERP, CMS, CRM, ERP, CMS and EAM.
The software consulting market can be divided by end-use into automotive, BFSI and education, government, IT & telecom manufacturing, retail, and other. To meet customer demands, manufacturing industries are updating their tools and services. To meet changing consumer demands, they use special software and computer-controlled machines. This will drive demand for software consulting services in the manufacturing industry.
Industry 4.0, which is the fourth stage of the industrial revolution has allowed the transformation of a manufacturing operation into a fully automated one. Market growth is expected to be driven by the increasing number of government-backed initiatives for industry digitization and awareness campaigns.
North America will continue to be the dominant market in terms revenue. This is due to increased investments in Enterprise Resource Planning, Customer Relationship Management, Internet of Things (IoT), Enterprise Asset Management and big data. Companies in the region are also rapidly moving towards digitization of their legacy systems.
Due to the expansion of service sectors, the Asia Pacific software consulting market will experience significant growth. Mobile app design and consultation for online businesses is on the rise in Asia Pacific due to the growth of ecommerce.
Atos SE is a key player in the market. Accenture, Capgemini and CGI Group Inc. are also important players. Ernst & Young Global Limited (IBM Corporation), Oracle, PwC and SAP SE are all other companies. Cognizant purchased SaaSfocus in August 2018. This cloud consulting company is based in India and Australia. Cognizant was able to create digital solutions that would transform the lives of its clients in India, Australia and Australia with this acquisition. The market is dominated by players that offer software consulting services to manufacturing companies.
Companies are also looking to expand their businesses and strengthen market positions globally through mergers or acquisitions. CGI Group Inc. purchased Facilite Informatique in May 2018. Facilite Informatique is an IT consulting company. This acquisition will likely help the former company strengthen its position in Canada's market.
This report predicts revenue growth at both the country and global levels. It also provides analysis of industry trends for each subsegment from 2014 through 2025. Grand View Research has divided the global market report on software consulting by application, region, size, end-use, as well as geography.
Application Outlook (Revenue, USD Billion; 2014 - 2025)
Enterprise solutions
Application Development
Services for Migration and Maintenance
Services in design
Application Testing Services
Software Security Services
Enterprise Size Outlook (Revenue, USD Billion; 2014 - 2025)
Large Enterprise
Small and Medium Enterprise
End-use Outlook (Revenue, USD Billion; 2014 - 2025)
Automotive
BFSI
Education
Government
Healthcare
IT & Telecom
Manufacturing
Retail
Other
Regional Outlook (Revenue USD Billion; 2014-2025)
North America
The U.S.
Canada
Europe
The U.K.
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Middle East & Africa (MEA)
b. Atos SE is one of the key players in the software consulting market. Accenture, Capgemini and CGI Group Inc. are also important players. Ernst & Young Global Limited and Deloitte Touche Tohmatsu Limited are Ernst & Young Global Limited and IBM Corporation.
What are the main factors that drive the market for software consulting?b. The key factors driving growth in the software consulting market include increased consolidation between companies that require help in integrating accounting and information storage.
What is the size of the market for software consulting?b. Global software consulting market was valued at USD 157.26 Billion in 2019, and is forecast to grow to USD 162.32 Billion in 2020.
What is the growth rate of the software consulting market?b. Global software consulting market will grow at an average annual rate of 11.8% between 2018 and 2025, to reach USD 382.65 trillion by 2025.
Which market segment had the largest share of software consulting?b. With a 35% share in 2019, North America was the dominant market for software consulting. This can be attributed to increased investments in Enterprise Resource Planning, Customer Relationship Management and Internet of Things (IoT), Enterprise Asset Management and big data.
Up Market Research published a new report titled “Software Consulting Market research report which is segmented by Enterprise Size (Large Enterprise, Small & Medium Enterprise), By Players/Companies a cloud consulting partner in the Asia Pacific region with operations in India and Australia The acquisition helped Cognizant to develop transformative digital solutions for its clients in India and Australia Furthermore, Oracle, PwC, SAP SE In August 2018, Atos SE, Accenture, Deloitte Touche Tohmatsu Limited, Cognizant acquired SaaSfocus, CGI Group Inc, Cognizant, IBM Corporation, Capgemini, the players in the market are focusing on providing software consulting services for manufacturing companies, Ernst & Young Global Limited”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Software Consulting Market Research Report |
By Enterprise Size | Large Enterprise, Small & Medium Enterprise |
By Companies | a cloud consulting partner in the Asia Pacific region with operations in India and Australia The acquisition helped Cognizant to develop transformative digital solutions for its clients in India and Australia Furthermore, Oracle, PwC, SAP SE In August 2018, Atos SE, Accenture, Deloitte Touche Tohmatsu Limited, Cognizant acquired SaaSfocus, CGI Group Inc, Cognizant, IBM Corporation, Capgemini, the players in the market are focusing on providing software consulting services for manufacturing companies, Ernst & Young Global Limited |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 205 |
Number of Tables & Figures | 144 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Enterprise Size (Large Enterprise, Small & Medium Enterprise).
Software Consulting Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Software Consulting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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