Market Overview:
The global software development services market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for software development services from commercial, residential, and industrial facilities applications. Additionally, the growing demand for cloud-based and mobile applications is also contributing to the growth of this market. North America is expected to hold the largest share of this market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Software Development Services is the process of developing software using a systematic approach. It includes requirements gathering, design, development, testing and deployment. The importance of Software Development Services is that it helps organizations to develop software in a systematic and efficient manner.
Software:
Software is any set of rules or instructions that can be used to solve a problem or can help in some way to achieve a goal. Software development services are the set of professional services required for developing software. It includes computer programming, system analysis, software design and architecture, testing and maintenance along with related consulting services.
Services:
The services include software engineering, application development, system integration and consulting. Software Development Services market is segmented on the basis of end-use industries into BFSI, IT & telecom and healthcare. The IT & Telecom industry holds maximum share in the market owing to increasing demand for software development outsourcing by major players in this sector such as IBM Corporation and Wipro Limited.
Application Insights:
The commercial application segment accounted for the largest revenue share of over 60.0% in 2017 and is anticipated to maintain its lead over the forecast period. The growing demand for SaaS applications, e-commerce platforms, web portals, and online stores has created a huge demand for software development services across various industries such as banking, financial services, telecom & IT companies among others.
Residential application segment is expected to register a significant CAGR of XX% from 2018 to 2030 owing to increasing adoption of advanced communication gadgets such as smartphones and internet connectivity that enables users access different apps or websites at a specific time or place according to their wish without being connected directly with the server through an internet connection. This factor is projected to create huge opportunities in future leading software development service providers who can provide real-time information through cloud computing technology thereby driving industry growth across all regions globally over the coming years.
Regional Analysis:
The North American region dominated the market in 2017 and is expected to maintain its position over the forecast period. The growth can be attributed to increasing investments in R&D by various companies and growing adoption of software development services for business transformation. Moreover, presence of a large number of IT companies offering end-to-end solutions for software development will drive the regional market further.
Asia Pacific is estimated to witness significant growth over the forecast period owing to increasing outsourcing activities in developing countries such as India, China, Japan, South Korea & Australia among others. In addition, rising demand for mobile apps along with rapid technological advancements has led developers from different industries across Asia Pacific region which includes entertainment & media; banking & financial services; telecoms; transportation and logistics (B2B); BFSI; healthcare amongst others) thus driving regional demand majorly Software Development Services (SDS).
Growth Factors:
- Increased demand for software development services from small and medium-sized businesses (SMBs).
- The growing popularity of agile methodology for software development projects.
- Rising demand for cloud-based software development services.
- Proliferation of mobile devices and the increasing demand for mobile apps.
- Growing use of big data and analytics in business decision making
Scope Of The Report
Report Attributes
Report Details
Report Title
Software Development Services Market Research Report
By Type
Software, Services
By Application
Commercial, Residential, Manufacturing and Industrial Facilities, Others
By Companies
CEPTES, LinkedIn, Concur Technologies, Workday, IBM, Oracle, NetSuite, Medidata Solutions, ServiceNow, Microsoft, Google, Zuora
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Software Development Services Market Report Segments:
The global Software Development Services market is segmented on the basis of:
Types
Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential, Manufacturing and Industrial Facilities, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CEPTES
- LinkedIn
- Concur Technologies
- Workday
- IBM
- Oracle
- NetSuite
- Medidata Solutions
- ServiceNow
- Microsoft
- Google
- Zuora
Highlights of The Software Development Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Services
- By Application:
- Commercial
- Residential
- Manufacturing and Industrial Facilities
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Software Development Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Software development services are a type of service that help businesses develop, deploy, and manage software applications. This includes everything from developing the initial concept to testing and deploying the finished product.
Some of the major players in the software development services market are CEPTES, LinkedIn, Concur Technologies, Workday, IBM, Oracle, NetSuite, Medidata Solutions, ServiceNow, Microsoft, Google, Zuora.
The software development services market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Software Development Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Software Development Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Software Development Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Software Development Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Software Development Services Market Size & Forecast, 2018-2028
4.5.1 Software Development Services Market Size and Y-o-Y Growth
4.5.2 Software Development Services Market Absolute $ Opportunity
Chapter 5 Global Software Development Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Software Development Services Market Size Forecast by Type
5.2.1 Software
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Software Development Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Software Development Services Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.2.3 Manufacturing and Industrial Facilities
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Software Development Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Software Development Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Software Development Services Analysis and Forecast
9.1 Introduction
9.2 North America Software Development Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Software Development Services Market Size Forecast by Type
9.6.1 Software
9.6.2 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Software Development Services Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.10.3 Manufacturing and Industrial Facilities
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Software Development Services Analysis and Forecast
10.1 Introduction
10.2 Europe Software Development Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Software Development Services Market Size Forecast by Type
10.6.1 Software
10.6.2 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Software Development Services Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.10.3 Manufacturing and Industrial Facilities
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Software Development Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Software Development Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Software Development Services Market Size Forecast by Type
11.6.1 Software
11.6.2 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Software Development Services Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.10.3 Manufacturing and Industrial Facilities
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Software Development Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Software Development Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Software Development Services Market Size Forecast by Type
12.6.1 Software
12.6.2 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Software Development Services Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.10.3 Manufacturing and Industrial Facilities
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Software Development Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Software Development Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Software Development Services Market Size Forecast by Type
13.6.1 Software
13.6.2 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Software Development Services Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.10.3 Manufacturing and Industrial Facilities
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Software Development Services Market: Competitive Dashboard
14.2 Global Software Development Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CEPTES
14.3.2 LinkedIn
14.3.3 Concur Technologies
14.3.4 Workday
14.3.5 IBM
14.3.6 Oracle
14.3.7 NetSuite
14.3.8 Medidata Solutions
14.3.9 ServiceNow
14.3.10 Microsoft
14.3.11 Google
14.3.12 Zuora
