Europe Custom Software Development Market Size & Outlook
Europe custom software development market, 2018-2030 (US$M)
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Europe custom software development market highlights
- The Europe custom software development market generated a revenue of USD 9,352.6 million in 2023.
- The market is expected to grow at a CAGR of 22.9% from 2024 to 2030.
- In terms of segment, enterprise software was the largest revenue generating solution in 2023.
- Enterprise Software is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 9,352.6 million |
| Market revenue in 2030 | USD 39,692.8 million |
| Growth rate | 22.9% (CAGR from 2023 to 2030) |
| Largest segment | Enterprise software |
| Fastest growing segment | Enterprise Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Web-based Solutions, Mobile App, Enterprise Software |
| Key market players worldwide | Accenture PLC Class A, Capgemini SE, Cognizant Technology Solutions Corp Class A, HCL Technologies, Infosys Ltd ADR, Microsoft Corp, Thoughtworks Holding Inc, TietoEVRY Corp ADR, Tata Consultancy Services, Brainvire, Iflexion, Infopulse, Magora, Trigent, TRooTech Business Solutions |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.4% of the global custom software development market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 42,248.4 million by 2030.
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Custom Software Development Market Scope
Custom Software Development Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe custom software development market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to custom software development market will help companies and investors design strategic landscapes.
Enterprise software was the largest segment with a revenue share of 60.52% in 2023. Horizon Databook has segmented the Europe custom software development market based on web-based solutions, mobile app, enterprise software covering the revenue growth of each sub-segment from 2018 to 2030.
The promising growth prospects of the European market can be attributed to the presence of various companies in the region that introduce advanced solutions to better cater to specific industries. In December 2023, Nokia Corporation announced that its 5G Standalone Core SaaS software was chosen by Telia Company (Finland) as part of an innovation program funded by the European Union (EU).
The program seeks to provide Telia Finland with an automated and scalable software model for offering improved business agility and faster delivery of 5G network services. Telia Finland seeks to work closely with Nokia to create an advanced 5G Standalone Core stack.
Furthermore, Telia Finland aims to open its network to application developers for creating new software applications for various industries such as transportation.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe custom software development market , including forecasts for subscribers. This continent databook contains high-level insights into Europe custom software development market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe custom software development market size, by country, 2018-2030 (US$M)
Europe Custom Software Development Market Outlook Share, 2023 & 2030 (US$M)
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