According to a new report, published by KBV research, The Global Custom Software Development Market size is expected to reach $184.63 billion by 2031, rising at a market growth of 22.0% CAGR during the forecast period.
The cloud-based segment is leading the Global Custom Software Development Market by deployment mode, thereby, achieving a market value of $98.91 billion by 2031. The scalability, cost-effectiveness, and simplicity of remote access to cloud technology have propelled its widespread adoption across industries, which has contributed to this growth. Businesses increasingly opt for cloud-based custom software because it supports distributed teams, enables real-time data access, and offers automatic updates without extensive infrastructure management.
The large enterprises segment is anticipating a CAGR of 21.6% during (2024 - 2031). Bespoke software is frequently necessary for large organizations to optimize processes across a variety of departments, including finance, human resources, supply chain, and customer relationship management. The growing emphasis on digital transformation and maintaining a competitive edge pushes these enterprises to invest significantly in custom software development. Additionally, the ability to integrate advanced technologies like AI, data analytics, and IoT into tailored solutions further encourages large enterprises to adopt custom software to enhance operational efficiency and decision-making.
The Enterprise Software segment is generating the maximum revenue in the Global Custom Software Development Market by Type in 2023,; thereby, achieving a market value of $105,306.9 million by 2031. The enterprise software segment is primarily driven by the growing need for businesses to optimize operations, enhance productivity, and maintain seamless data management across various departments. Large organizations increasingly rely on customized solutions such as ERP, CRM, SCM, and business intelligence tools to streamline workflows and improve decision-making processes.
The Retail market is expected to witness a CAGR of 21.2% during (2024 - 2031). Retailers invest in custom software to enhance inventory tracking, facilitate omnichannel retailing, and analyze customer behavior in real-time. The proliferation of e-commerce and the transition to digital-first retail strategies have rendered customized solutions indispensable for the management of online storefronts, point-of-sale systems, and customer engagement platforms. As consumer expectations evolve, retailers leverage customized applications to deliver seamless shopping experiences and optimize operational efficiency.
Full Report: https://www.kbvresearch.com/custom-software-development-market/
The North America region dominated the Global Custom Software Development Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $60.118 billion by 2031. The Europe region is experiencing a CAGR of 21.6% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 22.6% during (2024 - 2031).
By Deployment Mode
By Enterprise Size
By Type
By End User
By Geography
Unique Offerings 
