Insights on the Custom Application Development Service Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast – Technavio

LONDON–(BUSINESS WIRE)–#CustomApplicationDevelopmentServiceMarket–The custom application development service market is expected to grow by USD 26.74 bn, progressing at a CAGR of over 7% during the forecast period.


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The rising adoption of cloud-based services is one of the major factors propelling the market growth.

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Custom Application Development Service Market: Deployment Landscape

Based on the deployment, the cloud segment is expected to witness lucrative growth during the forecast period.

Custom Application Development Service Market: Geographic Landscape

By geography, North America is going to have a lucrative growth during the forecast period. About 38% of the market’s overall growth is expected to originate from North America. The US is the key market for custom application development services in North America.

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Companies Covered:

  • Accenture Plc
  • Bourntec Solutions Inc.
  • Capgemini SE
  • Cognizant Technology Solutions Corp.
  • HCL Technologies Ltd.
  • HP Inc.
  • Iblesoft Inc.
  • Infosys Ltd.
  • International Business Machines Corp.
  • Tata Consultancy Services Ltd.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Deployment

  • Market segments
  • Comparison by Deployment placement
  • On-premise – Market size and forecast 2019-2024
  • Cloud – Market size and forecast 2019-2024
  • Market opportunity by Deployment

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Accenture Plc
  • Bourntec Solutions, Inc.
  • Capgemini SE
  • Cognizant Technology Solutions Corp.
  • HCL Technologies Ltd.
  • HP Inc.
  • Iblesoft Inc.
  • Infosys Ltd.
  • International Business Machines Corp.
  • Tata Consultancy Services Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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