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Software Engineering Market Share

Report ID: GMI9784
Published Date: Jun 2024
Report Format: PDF

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Software Engineering Market Share

Accenture and TCS dominate the software engineering industry with over 15% of the market share. Accenture focus on providing end-to-end digital transformation solutions, leveraging emerging technologies such as AI, cloud, and blockchain. Its strategy revolves around industry specialization, delivering tailored software engineering services to clients across various sectors, while emphasizing innovation and agility.

TCS emphasizes innovation-driven growth, investing in R&D to stay ahead of technological trends. The company offers comprehensive software engineering services, including application development, maintenance, and modernization, to drive business outcomes for its clients.

Software Engineering Market Companies

Major companies operating in the software engineering industry are:

Accenture Plc
Capgemini SE
Cognizant Technology Solutions Corporation
DXC Technology
HCL Technologies
IBM Corporation
Infosys Limited
NTT DATA
Tata Consultancy Services (TCS)
Wipro Limited

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of software engineering reached USD 142.1 billion in 2023 and is set to witness 6.5% CAGR between 2024 and 2032, due to the ongoing digital transformation across industries and rising adoption of cloud-based services.

The cloud segment accounted for USD 88.5 billion in 2023, driven by unparalleled scalability, cost-effectiveness, and accessibility.

North America market held over 45% revenue share in 2023, owing to its robust infrastructure, technological innovation, and thriving startup ecosystem.

Accenture Plc, Capgemini SE, Cognizant Technology Solutions Corporation, DXC Technology, HCL Technologies, IBM Corporation, Infosys Limited, NTT DATA, Tata Consultancy Services (TCS) and Wipro Limited.