ResearchAndMarkets.com has researched the global software consulting industry and predicted the development course by 2027. The report includes detailed information about the size, share, and trends of the market.  The global pandemic impact is another essential topic of the report. Don’t miss the latest global news on the GBC Time website.

The experts expect the global software consulting market to grow in many verticals, and income is one of them. The industry is expected to reach $458.5 billion by 2027 (a 12.1% increase).

Considering the COVID-19 impact, global digitalization was probably the benefit, however, the worldwide economic crises became an obstacle. However, the analytics has reported the industry growth during the latest years.

Among the main factor for industry growth, the experts mention:

reducing the cost of providing the offline infrastructure;
cloud services and hybrid service strategies.

The analysts also notice the main factor slowing down the pace of industry development. A large number of strategies with different sources slow down the process, unlike a hybrid strategy, experts say.

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