Global Custom Application Development Service Market 2024-2028

Description

List of Tables

The custom application development service market is forecasted to grow by USD 44.27 bn during 2023-2028, accelerating at a CAGR of 8.56% during the forecast period. The report on the custom application development service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of cloud-based services, growing adoption of analytics in enterprise applications, and strategic partnerships and collaborations.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.99%
CAGR	8.56%
Incremental Value	$44.27bn

Technavio's custom application development service market is segmented as below:

By Deployment

On-premise
Cloud

By End-user

Large enterprises
SMEs

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the increasing use of ai in enterprise applications as one of the prime reasons driving the custom application development service market growth during the next few years. Also, emergence of low-code development platforms (lcdp) and emergence of chatbots will lead to sizable demand in the market.

The report on the custom application development service market covers the following areas:

Custom application development service market sizing
Custom application development service market forecast
Custom application development service market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading custom application development service market vendors that include Accenture Plc, Appinventiv Technologies Pvt. Ltd., Capgemini Service SAS, Chetu Inc., Cognizant Technology Solutions Corp., Continental Technology Solutions Inc., Datamatics Global Services Limited, DXC Technology Co., Fujitsu Ltd., Geneca LLC, HCL Technologies Ltd., Iblesoft Inc., Infanion, Infosys Ltd., International Business Machines Corp., Larsen and Toubro Infotech Ltd., Netguru S.A, NTT DATA Corp., Radixweb, ScienceSoft USA Corp., Software AG, Speridian Technologies, Trianz, and Wipro Ltd.. Also, the custom application development service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR41185

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global custom application development service market 2018 - 2022
4.2 Deployment Segment Analysis 2018 - 2022
4.3 Enterprise size Segment Analysis 2018 - 2022
4.4 Region Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Deployment

6.1 Market segments
6.2 Comparison by Deployment
6.3 On-premise - Market size and forecast 2023-2028
6.4 Cloud - Market size and forecast 2023-2028
6.5 Market opportunity by Deployment

7 Market Segmentation by End-user

7.1 Market segments
7.2 Comparison by End-user
7.3 Large enterprises - Market size and forecast 2023-2028
7.4 SMEs - Market size and forecast 2023-2028
7.5 Market opportunity by End-user

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 APAC - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 China - Market size and forecast 2023-2028
9.10 Germany - Market size and forecast 2023-2028
9.11 Canada - Market size and forecast 2023-2028
9.12 India - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Accenture Plc
12.4 Capgemini Service SAS
12.5 Chetu Inc.
12.6 Cognizant Technology Solutions Corp.
12.7 DXC Technology Co.
12.8 Fujitsu Ltd.
12.9 HCL Technologies Ltd.
12.10 Iblesoft Inc.
12.11 Infanion
12.12 Infosys Ltd.
12.13 International Business Machines Corp.
12.14 Larsen and Toubro Infotech Ltd.
12.15 Radixweb
12.16 Software AG
12.17 Wipro Ltd.

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations