#SoftwareConsultingMarket

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Software Consulting Market Size Worth $382.65 Billion By 2025

The global software consulting market is expected to reach USD 382.65 billion by 2025, according to a new study conducted by Grand View Research, Inc. The growing demand for digitalization in business processes and low start-up costs associated with software consulting services are expected to drive the growth of the market.

The growing adoption of enterprise software solutions to increase productivity and efficiency of an organization is driving the demand for software consulting services for efficient installation and use of these solutions. The increasing need for the development of enterprise mobile applications and web applications is further expected to drive the demand for consultation planning, implementation, and support for applications.

Migration of IT infrastructure to cloud computing infrastructure and traditional IT solutions to mobile computing solutions are the current trends observed in the market. These trends are expected to drive the demand for software consulting services over the forecast period. Furthermore, new service providers in the market are delivering an innovative business model that redefines the existing business model.

Moreover, digital transformation across the manufacturing industries and adoption of Industry 4.0 standards are expected to drive the demand for software consulting services for installing new software based solutions and gaining insights on advanced changes made in the software solutions. Increasing number of SMEs and their demand for advanced software solutions for developing effective business models are expected to fuel the growth of the market.

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Further key findings from the report suggest:

The     enterprise solution segment is expected to account for a significant     market share over the forecast period owing to the increasing demand for     an efficient and integrated system that minimizes operational costs.

Increasing     investments by large enterprises in advanced technologies to cope with the     changing industry dynamics are expected to drive the growth of the large     enterprise segment.

The IT &     telecom segment is expected to witness the highest growth in terms of     revenue over the forecast period. Increasing demand for maintaining     quality, security, and performance of software architecture in the IT     & telecom industry are expected to drive the growth of the market.

North     America is expected to continue to dominate in the market over the     forecast period owing to the presence of a large number of software     consulting service providers.

The key     industry participants include Atos SE, Accenture, Capgemini, CGI Group     Inc., Cognizant, Deloitte Touche Tohmatsu Limited, Ernst & Young     Global Limited, IBM Corporation, Oracle, PwC, and SAP SE.

See More Reports of This Category: https://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.