The Software Consulting Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033)
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According to The Business Research Company’s Software Consulting Global Market Report 2024, The software consulting market size has grown strongly in recent years. It will grow from $243.13 billion in 2023 to $264.14 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increasing complexity of software solutions, business process optimization needs, digital transformation initiatives, evolving regulatory compliance requirements, demand for expertise in emerging technologies.
The software consulting market size is expected to see strong growth in the next few years. It will grow to $385.54 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to focus on cybersecurity consulting, remote work and collaboration tools, strategic it planning and alignment. Major trends in the forecast period include blockchain integration, focus on user experience (UX) design, remote work solutions, evolving regulatory compliance services, subscription-based and SaaS models.
The increase in adoption of cloud computing drives the growth of the software consulting market going forward. Cloud computing refers to the delivery of computing services, including storage, processing power, and applications, over the internet. Software consulting drives increased cloud adoption by offering expertise, guidance, and tailored solutions to organizations seeking to leverage the benefits of cloud technologies. For instance, in April 2023, according to the report published by European Commission, a Belgium-based Governing body, in 2023, 42.5% of EU businesses purchased cloud computing services, primarily for office software, file storage, and email. Further, in 2023, there was a 4.2 percentage point increase in the share of EU firms purchasing cloud computing services compared to 2021. Therefore, the growing adoption of cloud computing is driving demand for software consulting services market growth.
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The software consulting market 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 & Medium Enterprise
3) By End-Use Industry: Automotive, Education, Government, Healthcare, IT and Telecom, Manufacturing
Major companies operating in the software consulting market are adopting cloud technologies such as cloud-based consulting services to strengthen their market position. Cloud consulting maximizes technology benefits, optimizes IT, enhances security, and boosts software development efficiency. For instance, in April 2023, Google LLC, a US-based technology company, introduced a unified services portfolio, streamlining offerings across specializations such as learning, technical account management, and professional services. This initiative enhances customer experience by simplifying service selection for various business challenges. The move underscores Google Cloud’s commitment to collaboration with partners and delivering value across the customer lifecycle.
The software consulting market report table of contents includes:
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