The North America Software Consulting Market would witness market growth of 11.5% CAGR during the forecast period (2021-2027).
The IT revolution has revolutionised the way organisations operate, and IT services are at the forefront of such a transition. Such services have not only improved the efficiency of corporate operations, but they have also allowed businesses to concentrate skills rather than worrying about the IT infrastructure they have in place. IT services offer a wide range of uses in businesses, from day-to-day tasks like employee document management to more complicated company processes like supply chain management and operations management.
They have simplified business operations, which have greatly aided firms in reducing overhead expenses and eliminating superfluous business procedures, while improving overall enterprise efficiency in terms of speedier decision-making and problem isolation. Previously, the adoption of IT services was based on cost effectiveness and greater business function efficiency. Owing to the prevailing high competition in the market throughout sectors, firms are now focusing on customer-focused technologies including Social, Mobile, Analytics, and Cloud (SMAC).
In terms of revenue, North America is likely to be the leading area. North American companies are digitizing their business operations, which has led to an increase in their investment in enterprise software. These businesses are turning to software consulting services in order to properly choose and install enterprise software.
Increasing mergers, acquisitions, strategic cooperation, and consolidation among various firms is likely to be a significant driver driving the worldwide software consulting market growth throughout the forecasted period. Software consulting services assist small and medium-sized businesses (SME's) cut startup costs, which fits into their expansion plans. This is a key aspect that is predicted to drive the use of software consulting services across SMEs and bigger businesses throughout the world.
The US market dominated the North America Software Consulting Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $111.3 billion by 2027. The Canada market is poised to grow at a CAGR of 14% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 13% during (2021 - 2027).
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, IT & Telecom, Manufacturing, Government, Retail, Healthcare, Automotive, and Others. Based on Application, the market is segmented into Enterprise Solutions, Migration & Maintenance Services, Software Security Services, Design Services, Application Development, Application Testing Services, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Software Consulting Market is Estimated to reach $458.5 Billion by 2027, at a CAGR of 12.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ernst & Young Global Limited, Accenture PLC, Cognizant Technology Solutions Corporation, Deloitte Touche Tohmatsu Limited, IBM Corporation, Atos Group, Capgemini SE, Oracle Corporation, SAP SE, and CGI, Inc.
By Enterprise Size
By Vertical
By Application
By Country
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