Market revenue in 2023 | USD 2,024.5 million |
Market revenue in 2030 | USD 8,342.6 million |
Growth rate | 22.4% (CAGR from 2023 to 2030) |
Largest segment | Enterprise software |
Fastest growing segment | Enterprise Software |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 |
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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 60.14% in 2023. Horizon Databook has segmented the Germany 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 growth of the German market can be attributed to increasing partnerships/collaborations aimed at creating sustainable product development and operations. For instance, in April 2023, Siemens (a German Manufacturer) and IBM (U.S. based IT solution provider) announced the expansion of their partnership to create a combined software solution for product development and management.
This new offering would integrate their existing systems in areas such as engineering, service lifecycle, and asset management. The integration between the companies’ respective software solutions, including Siemens' Teamcenter and IBM's Maximo, focuses on the development of a digital thread between product development processes, from design and manufacturing to maintenance and disposal.
The development of such solutions is expected to help developers improve traceability, support sustainable design practices, and better manage complex systems across various engineering disciplines.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany custom software development market , including forecasts for subscribers. This country databook contains high-level insights into Germany custom software development market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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