Software Engineering Market Size - By Services (Design, Development, Testing, Maintenance), By Deployment Model (On-premises, Cloud), By Organization Size (Large Organization, SME), By End-user & Forecast, 2024 - 2032
Global Software Engineering Market will experience over 6.5% CAGR between 2024 and 2032, driven by the rising frequency of cyber threats, intensifying the focus on cybersecurity. As businesses face growing risks of data breaches and cyberattacks, the need for sophisticated software solutions to safeguard sensitive information and ensure robust security measures has surged. The heightened concern drives investments in advanced cybersecurity technologies, compelling software engineers to innovate and enhance their offerings to meet critical security demands. Against this backdrop, in November 2024, Microsoft announced an upgrade to Azure Security Center, featuring advanced AI-driven threat detection. This innovation aims to strengthen protection against evolving cyber threats and improve the security of cloud-based applications and data.
Moreover, the rapid pace of digital transformation across industries is compelling businesses to adopt advanced software solutions to stay competitive. The increasing complexity of software projects necessitates robust engineering practices, further fueling market demand.
The overall software engineering market is sorted based on services, deployment model, organization size, end-user, and region.
The design segment is set for notable growth from 2024 to 2032, due to the increased complexity of user interfaces and experiences. As businesses strive to enhance user experience and streamline workflows, there is a spurring requirement for advanced software solutions that support complex design tasks and foster creativity. The focus on improving digital interactions and optimizing usability ushers the demand for specialized design expertise in software engineering, aiding the design segment expansion.
The on-premises deployment model segment will gain decent traction through 2032, due to increasing concerns about data security and regulatory compliance. Organizations are opting for this model to maintain control over their data and ensure adherence to stringent industry regulations. This shift reflects a preference for managing software solutions internally to mitigate risks associated with data breaches and to comply with local data protection laws. The need for enhanced control and security in managing critical business applications drives the growth of the on-premises software engineering segment.
Europe software engineering market will record a prominent CAGR during 2024 and 2032 as businesses across the region embrace digitalization to improve operational efficiency. The ascend of advanced technologies, such as artificial intelligence and machine learning, soars the demand for sophisticated software solutions. The regulatory changes and data protection laws in Europe require robust software systems for adherence. The expansion of startups and new innovations in tech hubs such as Berlin and London aid the escalating demand for software engineering expertise and solutions across the region.
- Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Suppliers landscape
- 3.2.1 IT consulting firms
- 3.2.2 Engineering service providers
- 3.2.3 Technology providers
- 3.2.4 End-user
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.6.1 Partnership/collaboration
- 3.6.2 Merger/acquisition
- 3.6.3 Investment
- 3.6.4 New launch & innovation
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising adpotion of cloud-based services
- 3.8.1.2 The proliferation of platform engineering to streamline DevOps process
- 3.8.1.3 Ongoing digital transformation across industries
- 3.8.1.4 Demand for cost efficiency to build & manage client applications
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Increasing frequency and sophistication of cyberattacks
- 3.8.2.2 Compliance with the evolving regulatory requirements
- 3.9 Growth potential analysis
- 3.10 Porter’s analysis
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share, 2023
- 4.3 Competitive analysis of major market players, 2023
- 4.4 Competitive positioning matrix, 2023
- 4.5 Strategic outlook matrix, 2023
- Chapter 5 Market Estimates & Forecast, Services, 2021 -2032, ($Bn)
- 5.1 Key trends, by services
- 5.2 Design
- 5.3 Development
- 5.4 Testing
- 5.5 Maintenance
- Chapter 6 Market Estimates & Forecast, By Deployment Model, 2021 -2032, ($Bn)
- 6.1 Key trends, by deployment model
- 6.2 On-premsies
- 6.3 Cloud
- Chapter 7 Market Estimates & Forecast, By Organization Size, 2021 -2032, ($Bn)
- 7.1 Key trends, by organization size
- 7.2 Large organization
- 7.3 SME
- Chapter 8 Market Estimates & Forecast, By End-User, 2021 -2032, ($Bn)
- 8.1 Key trends, by organization size
- 8.2 BFSI
- 8.3 IT & Telecom
- 8.4 Healthcare
- 8.5 Manufcaturing
- 8.6 Automotive
- 8.7 Retail & e-commerce
- 8.8 Government and public sector
- 8.9 Others
- Chapter 9 Market Estimates & Forecast, By Region, 2021 -2032, ($Bn)
- 9.1 Key trends, by regional
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Poland
- 9.3.9 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 ANZ
- 9.4.5 South Korea
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Chille
- 9.5.5 Rest of Latin America
- 9.6 MEA
- 9.6.1 Israel
- 9.6.2 Bahrain
- 9.6.3 Kuwait
- 9.6.4 Oman
- 9.6.5 Qatar
- 9.6.6 Saudi Arabia
- 9.6.7 UAE
- 9.6.8 Rest of MEA
- Chapter 10 Company Profiles
- 10.1 Accenture Plc
- 10.2 BairesDev
- 10.3 Capgemini SE
- 10.4 Cigniti Technologies Limited
- 10.5 Cognizant
- 10.6 Deloitte
- 10.7 Eggplant (Keysight Technologies, Inc.)
- 10.8 GlobalLogic Inc.
- 10.9 Goodcore Software
- 10.10 HCL Technologies Limited
- 10.11 IBM Corporation
- 10.12 Infosys Limited
- 10.13 L&T Technology Services Limited
- 10.14 Microsoft Corporation
- 10.15 Persistent Systems
- 10.16 Qualitest Group
- 10.17 Radixweb
- 10.18 Sauce Labs Inc.
- 10.19 Tata Consultancy Services Limited
- 10.20 Wipro Limited
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