What is Software Consulting?
Software consulting provides a blend of technology knowledge which recommends the most suitable software solution and services in accordance to the enterprise’s business model. It also offers data mining and analytical tools to create and transform processes, applications and operations in line with unique possibilities. As per research in Harvard Business School, more than 60 percent of the computer communications will be computer-to-computer by the end of the decade, and computer-to-computer vastly speeds up the pace of various business
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Atos SE (France), Accenture (Republic of Ireland), Capgemini (France), CGI Group Inc (Canada), Cognizant (United States), Deloitte Touche Tohmatsu Limited (United States), Ernst & Young Global Limited (United Kingdom), IBM Corporation (United States), Oracle (United States), PwC (United Kingdom), SAP SE (Germany) and Trianz (United States) |
CAGR | 10.9% |
The study covers a detailed analysis segmented by key business segments i.e. by type (Enterprise Solutions, Application Development, Migration and Maintenance Services, Design Services, Application Testing Services and Software Security Services) , by application (Automotive, Education, Government, Healthcare, IT and Telecom, Manufacturing, Retail and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Software Consulting market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Software Consulting market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Atos SE (France), Accenture (Republic of Ireland), Capgemini (France), CGI Group Inc (Canada), Cognizant (United States), Deloitte Touche Tohmatsu Limited (United States), Ernst & Young Global Limited (United Kingdom), IBM Corporation (United States), Oracle (United States), PwC (United Kingdom), SAP SE (Germany) and Trianz (United States).
California Consumer Privacy Act (CCPA) is passing a law for the protection of data in the United States. It is expected to be country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance
Influencing Trend:
Inclination towards data analytics and cloud computing and Huge investments in advanced computers and software
Market Growth Drivers:
Increasing adoption of enterprise software solutions and Surging need for the development of enterprise mobile & web applications
Challenges:
Surging development of client network, which provides a regular workflow
Restraints:
Lack of technical expertise and the inability to meet client requirements and Increasing business transition, cultural conflicts, and integration issues
Opportunities:
Surging demand for maintaining quality, security, and performance of software architecture across various industry verticals and Rise in the number of small-medium enterprises in both developed and developing economies
Key highlights of the Global Software Consulting market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Software Consulting market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Software Consulting market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Software Consulting Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Software Consulting market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Software Consulting market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Software consulting services providers, Software solution providers, Venture capitalists and investors, Government agencies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.