Dallas, Texas, Oct. 27, 2022 (GLOBE NEWSWIRE) -- The adoption of software consulting market services by companies with traditional business models to improve their current business plans with prospective future business strategies is anticipated to drive the expansion of the global software consulting market's revenue. In order to support businesses in a rapidly changing technological environment, software consulting offers a mix of technology in organizational processes. This combination of technology and organizational processes is expected to drive the growth of the global software consulting industry. Growth of the software consulting market is anticipated to be supported by the increasing use of various software programs that aid to increase business process agility.
Additionally, supportive government policies encouraging offshoring in the advanced transportation and communication sector for the expansion of global commerce, ideas, and culture are anticipated to drive software consulting industry expansion. Additionally, growing offshore in a number of developed countries' industries as a result of ongoing increases in labor and raw material costs is anticipated to boost market expansion over the forecast period.
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This report centers about the top players in global software consulting marketplace:
• Accenture PLC
• Atos SE
• Capgemini
• CGI Group Inc.
• Clearfind
• Cognizant
• Deloitte Touche Tohmatsu Limited
• Ernst & Young LLP
• International Business Machines Corporation
• Oracle Corporation
• PricewaterhouseCoopers B.V.
• Rapport IT
• SAP SE
The software consulting industry is made up of companies (organizations, sole proprietors, and partnerships) that offer software or IT services selling software consulting services and related products. Software developers and consultants work together to provide guidance on the design, development, and deployment of software that addresses business issues. Conducting feasibility studies, assessing software systems for efficiency, modifying software systems, reviewing software for installing new software, updates and security, and counseling businesses on software are some of the major software consulting services.
Software Consulting Market Scope :
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2020-2021 |
| Forecast Period | 2022-2030 |
| Study Period | 2020-2030 |
| By Enterprise | Large Enterprises, Small & Medium Enterprises (SMEs) |
| By Vertical | BFSI, IT & Telecom, Manufacturing, Government |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
Changing rules related to industry collaboration and a shortage of qualified technical talent, however, may impede the expansion of the global software consulting market. Another issue that is anticipated to limit the growth of the software consulting market to some level includes lack of awareness, complicated corporate transitions, and varied cultural disputes. The size of the software consulting market was estimated at US$ 219.60 billion, and during the forecast period, total revenue is anticipated to increase by 13% to reach over US$ 485.3 billion in 2030.
A significant portion of the market was occupied by IT and telecommunications due to the quick industrialization, the rapid expansion of the IT industry, rising population, rapid development of cloud and virtualization technologies, growing adoption of the internet of things, and growing safety and security concerns. Additionally, it is anticipated that increased government support for other industries, including healthcare and finance, to raise their technology investments will fuel market expansion. This will help to strengthen the global economy.
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In terms of revenue, the North American industry is anticipated to dominate the global software consulting market due to the significant influence of software technology improvements and the presence of well-established market players in the region's nations. Another factor that is projected to fuel market growth in the Asia Pacific area is the way that changing technological trends ensure the use of software consulting services for improvements and replace outdated systems with improved ones.
Acando AB was purchased by CGI Group Inc., systems integration and information technology consulting firm with headquarters in Canada, in April 2019 for an unknown sum. Through this tactical acquisition, CGI hopes to use Acando's systems integration and customer-centric digital innovation skills, enhancing its worldwide reach and subject-matter expertise in a number of important industries.
Table of content:
1. Introduction
2. Research Methodology
3. Market Outlook
4. Competitive Landscape
5. By Enterprise Size, 2022-2028 (USD Million)
6. By Vertical, 2022-2028 (USD Million)
7. Regional Overview, 2022-2028 (USD Million)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
8. Company Profiles
9. Appendix
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