Global Software Consulting Market Overview:
Consulting refers to provide expert in-depth advice to a specific group of people or industry. The term software appended to consulting prevail meaning as software consultant or consultancy, who is highly skilled in software services and adept in analytical thinking and problem-solving processes.
Global Software Consulting Market Dynamics:
Increasing merges, acquisitions, consolidation, and strategic collaboration among diverse organizations, is expected to be the key factor to drive growth of global Software Consulting Market during the forecasted period. Software consulting service help to reduce start-up cost which fits in expansion plan of small and medium scale (SME’s) enterprises. This is a leading factor expected to support adoption of software consulting services among SME’s and larger scale enterprises across the globe.
Rising need for various software services in information technology (IT) sector, is expected to propel growth of global software consulting market, as it offers combination of technology in organization process which help to sustain organizations in rapidly changing technology environment. Rising prominence of diverse software applications those help to improve agility of business process is expected to support growth of target market.
The Software Consulting Market is segmented on the Basis of application, end-use and regions. On the basis of application, the global market is segmented into Enterprise Solutions, Application, Development, Migration and Maintenance services, Design Services, Application Testing Services, Software Security Service. The Application segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.
On the basis of end-use, the global market is segmented into Banking, Financial Services and, Insurance (BFSI), Media & Communication Services, Government and Utilities, Information Technology, and Telecommunication Services, Transportation and Logistics, Others (Food & Beverages and Real Estate). The Banking segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include Atos SE, Accenture plc, Capgemini CGI Group Inc., Cognizant Technology Solutions Corporation, Deloitte Touche Tohmatsu Ltd., Ernst & Young Global Ltd., IBM Corporation, Oracle Corporation, PricewaterhouseCoopers (PwC)LLP, SAP SE
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