Mexico Custom Software Development Market Size & Outlook
Mexico custom software development market, 2018-2030 (US$M)
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Mexico custom software development market highlights
- The Mexico custom software development market generated a revenue of USD 893.9 million in 2023 and is expected to reach USD 4,646.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 26.6% 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 2023 | USD 893.9 million |
| Market revenue in 2030 | USD 4,646.9 million |
| Growth rate | 26.6% (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 |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.5% 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 Latin America, Mexico custom software development market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 4,646.9 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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Mexico 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 58.27% in 2023. Horizon Databook has segmented the Mexico 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 Mexico's custom software development market can be attributed to the country’s rapidly improving cloud infrastructure. For instance, in February 2024, Amazon Web Services (AWS) announced its decision to build a new cloud infrastructure region in Mexico.
This AWS region will be operational by early 2025, offering a wider range of cloud computing solutions for businesses and organizations in Mexico. The region would include data centers located within the country, allowing users to store their data locally and benefit from lower latency for their applications.
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Target buyers of Mexico custom software development market databook
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Our clientele includes a mix of custom software development market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 Mexico custom software development market , including forecasts for subscribers. This country databook contains high-level insights into Mexico custom software development market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico custom software development market size, by solution, 2018-2030 (US$M)
Mexico Custom Software Development Market Outlook Share, 2023 & 2030 (US$M)
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