PUBLISHER: Grand View Research | PRODUCT CODE: 1133384
PUBLISHER: Grand View Research | PRODUCT CODE: 1133384
U.S. Software Consulting Market Size, Share & Trends Analysis Report By Application, By Enterprise Size, By End-use, And Segment Forecasts, 2022 - 2030
U.S. Software Consulting Market Growth & Trends:
The U.S. software consulting market size is expected to reach USD 160.56 billion by 2030, registering a CAGR of 10.9% from 2022 to 2030, according to a new study by Grand View Research, Inc. Software consulting involves advising a company on the most suitable software for its business strategy. To align their investments in technology, companies require various types of software. In addition, these services assist organizations in determining cost efficiencies and generating revenue. Many factors contributed to the growth of this market, such as technological advances, growing demand for expertise in niche fields, and optimizing business operations.
Moreover, mobile internet connections, in particular, saw a rapid increase in popularity. To gain a competitive edge in the age of the internet, companies need more IT solutions to assist with consumer connectivity. Several software platforms are required by companies to connect with consumers via social media, e-commerce, and websites. The software assists in analyzing, customizing, and automating the process.
To provide secure software solutions to customers, market vendors pursue various strategies, including partnerships, collaborations, new software launches, etc. For instance, in March 2022, Ernst & Young Global Limited, a multinational consulting services company, collaborated with Microsoft, one of the most prominent computer software vendors, to introduce a software solution for complex legal and compliance challenges. The solution combines Microsoft's leading technologies with EY's technology and business consulting capabilities.
Investigation and management of regulatory challenges, fraud detection, and privacy and security risk management are the functions of the solutions. Through AI-powered analytics and workflow applications, EY Virtual Platform helps organizations manage their legal compliance, ethics, and risk by providing a single-point digital solution accessible via cloud and hybrid. In addition, this collaborative software will impact various industries, as a growing number of cyber security threats and cyber security cases in the U.S. prompt companies to adopt various software solutions.
The digital transformation led to many software providers in the market providing data-driven insights that ultimately drive revenue. For instance, in March 2020, Cognizant, the world's largest consulting firm, acquired Lev, a privately held U.S.-based digital marketing consultancy company. Lev combines strategic consulting services with technical expertise to deliver marketing cloud services that create a deeper connection between marketers and consumers, as well as a boost ROI.
Cognizant utilizes this acquisition to help businesses simplify and modernize their marketing campaigns by adding Salesforce marketing software. Major brands in financial services, healthcare, entertainment, and education are its clients. Cognizant's acquisition of Lev, provided an advantage in reaching out to the U.S. market for consulting services, considering that industries prefer marketing software.
The COVID-19 pandemic caused some organizations to accelerate their transformation initiatives to adapt to the new working environment and maintain ROI. Therefore, the demand for software consulting services increased in the U.S. As most businesses have gone digital, there is a sudden increased demand for remote working and collaboration solutions. Work-from-home forced companies to reimagine practically every aspect of their operations with software. Subsequently, many businesses remain unaffected.
For instance, in February 2021, the World Bank surveyed more than 120,000 businesses in 60 countries. It concluded that a significant number of firms saw their sales stable or rising in the first few months and that they increased by up to 34% in subsequent months. As a result of COVID-19, a broad spectrum of technological solutions was adopted. That would remain for many years to come.
U.S. Software Consulting Market Report Highlights:
- The software security services segment is expected to have the highest CAGR from 2022 to 2030. As cloud servers increase, cyber threats are also growing due to the more unauthorized access to sensitive business information is driving software security services market growth. Additionally, a proper level of backend security is essential to maximizing the potential of business software
- The small & medium enterprises segment is anticipated to register the highest CAGR from 2022 to 2030. A growing number of small and medium businesses, the need for advanced software solutions to reduce costs, increase productivity, and the expansion of activities by different government agencies are contributing to the growth
- The healthcare segment is anticipated to grow at the fastest CAGR. Several factors are anticipated to propel this market upward, including the increasing use of technology in the healthcare industry, such as Cloud services and the Internet of Things (IoT), strategic business intelligence, the increased use of software to diagnose patients and give reports to patients faster, and the better management of records and workflow communication
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
Chapter 2 Executive Summary
- 2.1 U.S. Software Consulting Market - Industry Snapshot & key Buying Criteria, 2017 - 2030
- 2.2 U.S. Software Consulting Market, 2017 - 2030
- 2.2.1 U.S. software consulting market, by application, 2017 - 2030
- 2.2.2 U.S. software consulting market, by enterprise size, 2017 - 2030
- 2.2.3 U.S. software consulting market, by end-use, 2017 - 2030
Chapter 3 U.S. Software Consulting Industry Outlook
- 3.1 Market Segmentation and Scope
- 3.2 Market Size and Growth Prospects
- 3.3 U.S. Software Consulting Market - Value Chain Analysis
- 3.3.1 Vendor landscape
- 3.4 U.S. Software Consulting Market- Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.2 Market opportunity analysis
- 3.5 Market Analysis Tools
- 3.5.1 U.S. Software Consulting Market - Porter's Five Forces Analysis
- 3.5.2 U.S. Software Consulting Market - PESTEL Analysis
- 3.6 Impact of COVID-19 on U.S. Software Consulting Market
Chapter 4 U.S. Software Consulting Application Outlook
- 4.1 U.S. Software Consulting Market Share by Application, 2021
- 4.2 Enterprise Solutions
- 4.2.1 Enterprise solutions software consulting market, 2017 - 2030
- 4.3 Application Development
- 4.3.1 Application development software consulting market, 2017 - 2030
- 4.4 Migration & Maintenance Services
- 4.4.1 Migration & maintenance services consulting market, 2017 - 2030
- 4.5 Design Services
- 4.5.1 Design services software consulting market, 2017 - 2030
- 4.6 Application Testing Services
- 4.6.1 Application testing services consulting market, 2017 - 2030
- 4.7 Software Security Services
- 4.7.1 Software security services consulting market, 2017 - 2030
- 4.8 Others
- 4.8.1 Other software consulting services market, 2017 - 2030
Chapter 5 U.S. Software Consulting Enterprise Size Outlook
- 5.1 U.S. Software Consulting Market Share By Enterprise Size, 2021
- 5.2 Large Enterprises
- 5.2.1 Software consulting market in large enterprises, 2017 - 2030
- 5.3 Small & Medium Enterprises
- 5.3.1 Software consulting market in small & medium enterprises, 2017 - 2030
Chapter 6 U.S. Software Consulting End-Use Outlook
- 6.1 U.S. Software Consulting Market Share By End-use, 2021
- 6.2 Automotive
- 6.2.1 Software consulting market in automotive, 2017 - 2030
- 6.3 BFSI
- 6.3.1 Software consulting market in BFSI, 2017 - 2030
- 6.4 Education
- 6.4.1 Software consulting market in education, 2017 - 2030
- 6.5 Government
- 6.5.1 Software consulting market in government, 2017 - 2030
- 6.6 Healthcare
- 6.6.1 Software consulting market in healthcare, 2017 - 2030
- 6.7 IT & Telecom
- 6.7.1 Software consulting market in IT & telecom, 2017 - 2030
- 6.8 Manufacturing
- 6.8.1 Software Consulting market in manufacturing, 2017 - 2030
- 6.9 Retail
- 6.9.1 Software consulting market in retail, 2017 - 2030
- 6.10 Others
- 6.10.1 Software consulting market in other end-use, 2017 - 2030
Chapter 7 Competitive Analysis
- 7.1 Recent Developments and Impact Analysis, by Key Market Participants
- 7.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
- 7.3 Vendor Landscape
- 7.3.1 Key Company Analysis, 2021
Chapter 8 Competitive Landscape
- 8.1 Accenture PLC
- 8.1.1 Company overview
- 8.1.2 Financial performance
- 8.1.3 Product benchmarking
- 8.1.4 Strategic initiatives
- 8.2 Analysys Mason
- 8.2.1 Company overview
- 8.2.2 Financial performance
- 8.2.3 Product benchmarking
- 8.2.4 Strategic initiatives
- 8.3 Bain & Company
- 8.3.1 Company overview
- 8.3.2 Financial performance
- 8.3.3 Product benchmarking
- 8.3.4 Strategic initiatives
- 8.4 Clearfind
- 8.4.1 Company overview
- 8.4.2 Financial performance
- 8.4.3 Product benchmarking
- 8.4.4 Strategic initiatives
- 8.5 Cognizant
- 8.5.1 Company overview
- 8.5.2 Product benchmarking
- 8.5.3 Product benchmarking
- 8.5.4 Strategic initiatives
- 8.6 DuPont Sustainable Solutions
- 8.6.1 Company overview
- 8.6.2 Financial performance
- 8.6.3 Product benchmarking
- 8.6.4 Strategic initiatives
- 8.7 Deloitte Touche Tohmatsu Limited
- 8.7.1 Company overview
- 8.7.2 Financial performance
- 8.7.3 Product benchmarking
- 8.7.4 Strategic initiatives
- 8.8 Ernst & Young LLP
- 8.8.1 Company overview
- 8.8.2 Financial performance
- 8.8.3 Product benchmarking
- 8.8.4 Strategic initiatives
- 8.9 International Business Machines Corporation
- 8.9.1 Company overview
- 8.9.2 Financial performance
- 8.9.3 Product benchmarking
- 8.9.4 Strategic initiatives
- 8.10 KPMG International
- 8.10.1 Company overview
- 8.10.2 Financial performance
- 8.10.3 Product benchmarking
- 8.10.4 Strategic initiatives
- 8.11 Oracle Corporation
- 8.11.1 Company overview
- 8.11.2 Financial performance
- 8.11.3 Product benchmarking
- 8.11.4 Strategic initiatives
- 8.12 OC&C Strategy Consultants
- 8.12.1 Company overview
- 8.12.2 Product benchmarking
- 8.13 PricewaterhouseCooper B.V.
- 8.13.1 Company overview
- 8.13.2 Financial performance
- 8.13.3 Product benchmarking
- 8.13.4 Strategic initiatives
List of Tables
- Table 1 Software consulting market - Industry snapshot & key buying criteria, 2017 - 2030
- Table 2 U.S. software consulting market, 2017 - 2030 (USD Billion)
- Table 3 U.S. software consulting market, by application, 2017 - 2030 (USD Billion)
- Table 4 U.S. software consulting market, by enterprise size, 2017 - 2030 (USD Billion)
- Table 5 U.S. software consulting market, by end-use, 2017 - 2030 (USD Billion)
- Table 6 Vendor landscape
- Table 7 Enterprise solutions software consulting market, 2017 - 2030 (USD Billion)
- Table 8 Application development software consulting market, 2017 - 2030 (USD Billion)
- Table 9 Migration & maintenance services consulting market, 2017 - 2030 (USD Billion)
- Table 10 Design services software consulting market, 2017 - 2030 (USD Billion)
- Table 11 Application testing services consulting market, 2017 - 2030 (USD Billion)
- Table 12 Software security services consulting market, 2017 - 2030 (USD Billion)
- Table 13 Other software consulting services market, 2017 - 2030 (USD Billion)
- Table 14 U.S. Software consulting market in large enterprises, 2017 - 2030 (USD Billion)
- Table 15 U.S. Software consulting market in small & medium enterprises, 2017 - 2030 (USD Billion)
- Table 16 U.S. Software consulting market in automotive, 2017 - 2030 (USD Billion)
- Table 17 U.S. Software consulting market in BFSI, 2017 - 2030 (USD Billion)
- Table 18 U.S. Software consulting market in education, 2017 - 2030 (USD Billion)
- Table 19 U.S. Software consulting market in government, 2017 - 2030 (USD Billion)
- Table 20 U.S. Software consulting market in healthcare, 2017 - 2030 (USD Billion)
- Table 21 U.S. Software consulting market in IT & telecom, 2017 - 2030 (USD Billion)
- Table 22 U.S. Software consulting market in manufacturing, 2017 - 2030 (USD Billion)
- Table 23 U.S. Software consulting market in retail, 2017 - 2030 (USD Billion)
- Table 24 U.S. Software consulting market in other end-use, 2017 - 2030 (USD Billion)
List of Figures
- Fig. 1 Market segmentation and scope
- Fig. 2 U.S. Software Consulting market, 2017 - 2030 (USD Billion)
- Fig. 3 U.S. Software Consulting market - Value chain analysis
- Fig. 4 U.S. Software Consulting market - Market dynamics
- Fig. 5 U.S. Software Consulting market - Key market driver impact
- Fig. 6 U.S. Software Consulting market - Key market challenge impact
- Fig. 7 U.S. Software Consulting market - Key opportunities prioritized
- Fig. 8 U.S. Software Consulting market - Porter's five forces analysis
- Fig. 9 U.S. Software Consulting market - Company market share analysis, 2021
- Fig. 10 U.S. Software Consulting market - PESTEL analysis
- Fig. 11 U.S. Software Consulting market, by application, 2021
- Fig. 12 U.S. Software Consulting market, by enterprise size, 2021
- Fig. 13 U.S. Software Consulting market, by end-use, 2021
