Software Consulting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Top Software Consulting Companies & Trends and the Market is Segmented by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are in value (USD million) for all the above segments.

Software Consulting Market Size

Single User License
Team License
Corporate License
Book before:
Software Consulting Market Summary
share button
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 12.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Software Consulting Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License


Team License


Corporate License

Book before:

Software Consulting Market Analysis

Software Consulting Market revenue is expected to grow at a CAGR of 12.0% over the next five years. The growing demand for digitalizing business processes across various industry verticals is driving market growth.

  • Technological advancements in cloud computing and data analytics are increasing the demand for new services and encouraging enterprises to adopt innovative solutions. Furthermore, rising demand for software consulting services is expected to stimulate investments in cutting-edge software technology.
  • Software security services are expected to grow over the next five years. The increasing use of cloud servers and cyberattacks will bring new opportunities for the software consulting market. For instance, Accenture PLC acquired Sentor, a Sweden-based independent provider of cyber defense and managed security services.
  • Key market players focus on expanding their businesses and strengthening their market positions through collaborations and partnerships. For Instance, Accenture and Vodafone collaborated to provide managed security services for Small & Medium Enterprises (SMEs) and international clients in Europe. Accenture would support Vodafone through this collaboration in offering enterprise-grade cybersecurity solutions to businesses across numerous industries.
  • Organizations focus on improving work quality, boosting delivery speed, lowering labor costs, and increasing transparency and accountability through software deployment. Because of the COVID-19 pandemic, organizations are finding it challenging to satisfy end-user expectations, and hence they are increasingly adopting software consulting solutions and services to accelerate service delivery.
  • COVID-19 increased the digitization demand and is the key trend that continues post-COVID-19 which in turn creates a surge in demand and opportunities for the software consulting market.

Software Consulting Market Trends

This section covers the major market trends shaping the Software Consulting Market according to our research experts:

Increasing demad for digital solutions

  • Artificial Intelligence (AI) and Machine Learning (ML) are anticipated to boost automation and data-driven decision-making across operations. These technological advancements are projected to increase demand for the software consulting market.
  • The increasing use of digital payments, the incorporation of blockchain technology into banking, and the growing number of digital wallets are expected to fuel market growth over the next five years.
  • Digitalization adoption is growing across end-user industries such as BFSI, healthcare, and retail. For Instance, Cognizant collaborated with Microsoft to deliver a new digital healthcare solution to enhance remote patient monitoring for improved medical care.
  • The rapid adoption of new technology and the growing focus on security push the market forward. Large cloud service providers, such as Microsoft and Amazon, play a significant role in the software consulting market growth. For Instance, Cisco Systems Inc. announced that it had released the Cisco Cloud Controls Framework (CCF) to the public. Cisco CCF is a complete framework that combines national and international security compliance and certification standards.
  • Implementation of IT security technologies adoption is growing. Software-defined wide area networks (SD-WAN) have 54.90%, the highest percentage of adoption across IT industries. Such initiatives will further boost the software consulting market.
Software Consulting Market : Emerging IT security technologies and architectures, Global, 2022

Norh America is Expected to Register Significant Market Growth During the Forecast Period

  • The North America Software Consulting market is expected to grow significantly over the next five. The rising digital transformation trend is leading to an increased demand for software consulting in the region.
  • The factors such as the rapid IT industry expansion, rising population, rapid cloud and virtualization technologies development, growing adoption of the internet of things, and increasing safety and security concerns are driving growth for the Software Consulting market.
  • The growing adoption of cloud-based solutions and services for storing customers' critical information and the increasing number of cyberattacks are driving the demand for the software consulting market. For Instance, Tech Mahindra announced that it expanded its collaboration with Microsoft to strengthen hybrid cloud capabilities. The partnership aims to leverage Microsoft Azure Stack HCI, a new hyper-converged (HCI) solution, to accelerate hybrid cloud transformation, consolidate virtualized workloads and build enterprise resilience.
  • Key players in the software consulting market are employing various growth and expansion strategies, such as strategic partnerships and collaborations, research and development initiatives, and investments, to gain a competitive advantage.
Software Consulting Market : Growth Rate by Region

Software Consulting Industry Overview

The Software Consulting market needs to be more cohesive due to ongoing partnerships and recent advancements in the market. Some major players in the market studied include Ericsson, Airhop Communications, Cisco Systems, Huawei Technologies, and Commscope.

October 2022 - Accenture acquired Blackcomb Consultants to help Insurance carriers accelerate digital transformation in the Cloud.

Software Consulting Market Leaders

  1. Capgemini

  2. CGI Group, Inc

  3. Accenture PLC

  4. Oracle Corporation

  5. Cognizant

*Disclaimer: Major Players sorted in no particular order

Screenshot 2022-12-15 222941.png
bookmark Need More Details on Market Players and Competitors?
Download PDF

Software Consulting Market News

  • October 2022 - Capgemini signed an agreement to acquire Quantmetry to strengthen France's AI and data consulting capabilities.
  • October 2022 - CGI and Aktia have established a strategic agreement under which CGI will be responsible for a significant portion of Aktia's banking IT services, including the development and uptake of 150 mission-critical applications.
  • August 2022 - Accenture partnered with Google Cloud to develop new solutions using data and AI and providing enhanced support to help clients to build a strong digital core and reinvent their enterprises on the cloud.
  • November 2022 - Cognizant collaborated with Microsoft are working more closely to develop a new solution that will speed up digital and sustainability transitions.

Software Consulting Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Impact of COVID-19 on the Market


    1. 5.1 Market Drivers

      1. 5.1.1 Shifting technology preference toward cloud computing and data analytics

      2. 5.1.2 Growing adoption of software consulting for improving operational efficiency

    2. 5.2 Market Restraints

      1. 5.2.1 Growing concerns over cybersecurity


    1. 6.1 By Geography

      1. 6.1.1 North America

      2. 6.1.2 Europe

      3. 6.1.3 Asia Pacific

      4. 6.1.4 Latin America

      5. 6.1.5 Middle East and Africa


    1. 7.1 Company Profiles

      1. 7.1.1 Capgemini

      2. 7.1.2 CGI Group, Inc

      3. 7.1.3 Accenture PLC

      4. 7.1.4 Oracle Corporation

      5. 7.1.5 Cognizant

      6. 7.1.6 Atos SE

      7. 7.1.7 Rapport IT

      8. 7.1.8 SAP SE

      9. 7.1.9 Clearfind

      10. 7.1.10 IBM

    2. *List Not Exhaustive


**Subject to Availability
bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Software Consulting Industry Segmentation

Software consulting analyzes a company's software needs and creates technology to help it perform its operations successfully.

Software Consulting Market is segmented by geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). 

The market sizes and forecasts are in value (USD million) for all the above segments. 

By Geography
North America
Asia Pacific
Latin America
Middle East and Africa
customize-icon Need A Different Region Or Segment?
Customize Now

Software Consulting Market Research FAQs

The Software Consulting Market is projected to register a CAGR of 12% during the forecast period (2024-2029)

Capgemini, CGI Group, Inc, Accenture PLC, Oracle Corporation and Cognizant are the major companies operating in the Software Consulting Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Software Consulting Market.

The report covers the Software Consulting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Software Consulting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Software Consulting Industry Report

Statistics for the 2024 Software Consulting market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Software Consulting analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Software Consulting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)