Market Research Report
Worldwide and U.S. Custom Application Development Services Forecast, 2021-2025
|Published by||IDC||Product code||1002030|
|Published||Content info||16 Pages
Delivery time: 1-2 business days
|Worldwide and U.S. Custom Application Development Services Forecast, 2021-2025|
|Published: April 22, 2021||Content info: 16 Pages||
This IDC study presents forecasts of spending (customer expenditures) for the custom application development (CAD) services market for 2021-2025. This IDC research document includes advice to CAD services providers, an analysis of key market and industry trends by importing market, key market drivers and inhibitors, significant market developments, and highlights of key changes from the prior forecast. This study also updates the previous forecast published in Worldwide and U.S. Custom Application Development Services Forecast, 2020-2024 (IDC #US46210115, April 2020)."COVID-19 suppressed CAD services growth during 2020. While 2019 exhibited strong growth results for custom application development services, 2020 was a year of significant challenge. But signs of improvement are in the future. Vaccination progress coupled with improvement in economic climates has enterprises more focused on longer-term investments, and looking beyond short-term business resiliency. IDC expects that, in the years ahead, services spending to pick up as organizations aim to move from cash hoarding and preservation tendencies to business growth," explains Pete Marston, research director, IDC Worldwide Intelligent Application Services Research.