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7.93% CAGR expected in Custom Application Development Service Market from 2021 to 2025|Accenture Plc and Bourntec Solutions Inc. among Key Market Contributors|Technavio
NEW YORK, Oct. 12, 2021 /PRNewswire/ -- The custom application development service market is set to grow by USD 31.76 billion from 2021 to 2025, progressing at a CAGR of 7.93%. The market analysis includes deployment segment and geography landscape along with customer lanadscape. This report 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.
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The custom application development service market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The report identifies the increasing adoption of cloud-based services as one of the major factors driving the growth of the market. Strategic partnerships and collaborations among market participants will also be crucial in fueling the growth of the market during the forecast period.
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 Analysis
Companies Mentioned
- Accenture Plc
- Bourntec Solutions Inc.
- Capgemini SE
- Cognizant Technology Solutions Corp.
- HCL Technologies Ltd.
- Iblesoft Inc.
- Infanion
- Infosys Ltd.
- International Business Machines Corp.
- Tata Consultancy Services Ltd.
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Custom Application Development Service Market Scope
| Report Coverage
| Details
| Page number
| 120
| Base year
| 2020
| Forecast period
| 2021-2025
| Growth momentum & CAGR
| Accelerate at a CAGR of 7.93%
| Market growth 2021-2025
| USD 31.76 billion
| Market structure
| Fragmented
| YoY growth (%)
| 7.34
| Regional analysis
| North America, Europe, APAC, South America, and MEA
| Performing market contribution
| North America at 38%
| Key consumer countries
| US, China, Germany, UK, and India
| Competitive landscape
| Leading companies, competitive strategies, consumer engagement scope
| Companies profiled
| Accenture Plc, Bourntec Solutions Inc., Capgemini SE, Cognizant Technology Solutions Corp., HCL Technologies Ltd., Iblesoft Inc., Infanion, Infosys Ltd., International Business Machines Corp., and Tata Consultancy Services Ltd.
| Market Dynamics
| Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
| Customization purview
| If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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