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Custom Software Development Market Share

Report ID: GMI6772
Published Date: Sep 2023
Report Format: PDF

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Custom Software Development Market Share

The major companies operating in the custom software development market are

Accenture plc
ATOS SE
Cognizant
Tata Consultancy Services Limited
Infosys Ltd.
IBM Corporation
Infopulse

These companies focus on expanding their service offerings to meet a broader range of client needs. This include adding new technology stacks, offering mobile app development, providing consulting services, or entering related fields like data analytics or cloud computing.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of custom software development reached USD 28.2 billion in 2022 and is set to grow at over 21.5% CAGR from 2023 to 2032, due to the rising need for business process automation.

The large enterprises segment garnered over 58% of the market share in 2022, owing to the growing need to streamline & automate various aspects of the development process such as code generation, bug detection, and performance optimization.

The IT & telecom end use segment recorded 23% of the market share in 2022, propelled by technological advancements, such as 5G, IoT, AI, and edge computing.

North America held over 36% of the market share in 2022, driven by rising collaborations to allow firms to combine expertise & resources.