As digital transformation projects proliferate throughout many industries, there is an increasing need for custom software solutions to meet particular company requirements. Therefore, the application development software market is projected to grow at a CAGR of 14.7% by 2030.
Additionally, the growing popularity of cloud-based software and rising concern to automate business processes are continuously increasing the demand for IT services worldwide. Cloud-based IT services have been experiencing rapid growth among SMEs since 2022 and are expected to capture more than 80% of the market share by 2025.
