India Custom Software Development Market Size & Outlook

The custom software development market in India is expected to reach a projected revenue of US$ 10,552.0 million by 2030. A compound annual growth rate of 28.4% is expected of India custom software development market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,834.4
Forecast, 2030 (US$M)
$10,552.0
CAGR, 2024 - 2030
28.4%
Report Coverage
India

India custom software development market highlights

  • The India custom software development market generated a revenue of USD 1,834.4 million in 2023 and is expected to reach USD 10,552.0 million by 2030.
  • The India market is expected to grow at a CAGR of 28.4% 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.


Custom software development market data book summary

Market revenue in 2023USD 1,834.4 million
Market revenue in 2030USD 10,552.0 million
Growth rate28.4% (CAGR from 2023 to 2030)
Largest segmentEnterprise software
Fastest growing segmentEnterprise Software
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationWeb-based Solutions, Mobile App, Enterprise Software
Key market players worldwideAccenture 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, India accounted for 5.2% of the global custom software development market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China custom software development market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,552.0 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Custom Software Development Market Scope

Custom software development market segmentation & scope
Web-based Solutions
Mobile App
Enterprise Software
Cloud
On-premise
Large Enterprises
Small & Medium Enterprises (SMEs)
BFSI
Government
Healthcare
IT & Telecom
Manufacturing
Retail
Others

Custom Software Development Market Companies

Name Profile # Employees HQ Website

India 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 58.69% in 2023. Horizon Databook has segmented the India 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 Indian custom software development market can be attributed to growing digitalization and rising investment in the country’s IT ecosystem. For instance, in July 2022, Chetu Inc. (U.S. based custom software solution provider) announced the opening of a new, expansive software delivery center in Noida, India. 

This third center boasts over 60,000 square feet of space and room for 900 employees, featuring modern amenities and joining Chetu's existing network of Noida hubs. The expansion of Small and Medium Enterprises (SMEs) is fueling the market. 

As these companies mature, their needs evolve beyond generic software solutions. Custom development allows SMEs to address their specific challenges and streamline operations, creating a competitive edge.

Reasons to subscribe to India custom software development market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of India custom software development market databook

  • Our clientele includes a mix of custom software development market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the India custom software development market , including forecasts for subscribers. This country databook contains high-level insights into India custom software development market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

India custom software development market size, by solution, 2018-2030 (US$M)

India Custom Software Development Market Outlook Share, 2023 & 2030 (US$M)

India custom software development market size, by solution, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more