target audience: TECH SUPPLIER Publication date: May 2024 - Document type: Market Forecast - Doc Document number: # US52076623
Worldwide and U.S. Custom Application Development Services Forecast, 2024–2028
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Abstract
This IDC study presents forecasts of spending (customer expenditures) for the custom application development (CAD) services market for 2024-2028. This IDC research study includes advice to CAD services providers, an analysis of key market and industry trends by importing market, key market drivers and inhibitors, significant market developments, and highlights of key changes from the prior forecast. This study also updates the previous forecast published in Worldwide and U.S. Custom Application Development Services Forecast, 2023–2027 (IDC #US50583123, April 2023).
"The market for custom application development services grew across regions over 2023. Modernization initiatives continue to buoy services growth across regions, and enterprise infatuations with GenAI have helped kick-start initiatives for custom development services. IDC believes demand for custom development services will remain rich as enterprises look to elevate and prioritize corporate imperatives on innovation, profitability, and sustainability." — Pete Marston, research director, Intelligent Application Services at IDC