USD 170 Billion growth expected in IT Application Development Services Market | With an Accelerating CAGR of 5% amid COVID-19 Spread | SpendEdge

NEW YORK, May 27, 2021 /PRNewswire/ —
The Global IT Application Development Services…

NEW YORK, May 27, 2021 /PRNewswire/ —

The Global IT Application Development Services has been added to SpendEdge’s offering. The IT Application Development Services market is expected to grow by USD 170 billion, at a CAGR of over 5% by 2024.

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IT application development services market spend growth, IT application development services price trends, IT application development services supply market analysis and regional spend segmentation insights are offered in this report.

The report also offers information on the upcoming trends and challenges that will influence market growth.

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IT Application Development Services Market in India: Key Price Trends

  • The growing need to differentiate their products and develop expertise in digital technologies will increase service providers’ spend on R&D which will have an inflationary impact on buyers’ procurement expenditure in the IT application development services market.
  • Most of the service providers are based in APAC, while their demand comes from North America and Europe. The high currency fluctuations of the dollar and Euro against currencies in APAC will impact their operating costs.

Insights Offered in this IT Application Development Services Market Report

  • Supplier relationship management practices in the IT application development services market
  • Supplier margins and selection criteria in the IT application development services market
  • Top IT application development service providers and their cost structures
  • Top IT application development service providers in the US and their cost structures
  • IT application development services market spend analysis in the US

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Some of the top IT Application Development Services suppliers listed in this report:

This IT Application Development Services procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

  • Accenture Plc   
  • Infosys Ltd.
  • International Business Machines Corp. 
  • HP Inc.
  • DXC Technology Co.      
  • Cognizant Technology Solutions Corp.   

 Regional Analysis 

  •  Further breakdown of the market segmentation at requested regions. 

 Market Player Information 

  • Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
  • Know the strategies adopted by vendors during the COVID-19 Recovery Phase.

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Newspaper Advertising – Sourcing and Procurement Market Intelligence Report: The newspaper advertising will grow at a CAGR of 0.98% during 2021-2025. Prices will increase by 2%-4% during the forecast period and suppliers will have a moderate bargaining power in this market.

Media Training – Sourcing and Procurement Market Intelligence Report: This report evaluates suppliers based on balance between creative and strategic solution, previous experience and performance, maintaining regulatory and standard compliance, and access to a bundled set of services. In addition, suppliers are also shortlisted based on business needs, operational requirements, quality control, acceptance criteria, pricing models, regulatory mandates, SLA nuances, penalty clauses, and technical specifications.

Product Engineering Services – Sourcing and Procurement Intelligence Report: The report provides a complete drill-down on global product engineering services spend outlook at a global as well as regional level. Current spend scenario, growth outlook, incremental spend, and other key information is available individually for North America, Europe, APAC, South America, and Middle East and Africa.

To access the definite purchasing guide on the IT Application Development Services that answers all your key questions on price trends and analysis:

  • Am I paying/getting the right prices? Is my IT Application Development Services TCO (total cost of ownership) favorable?
  • How is the price forecast expected to change? What is driving the current and future price changes?
  • Which pricing models offer the most rewarding opportunities?

Table of Content

  • Executive Summary
  • Market Insights
  • Category Pricing Insights
  • Cost-saving Opportunities
  • Best Practices
  • Category Ecosystem
  • Category Management Strategy
  • Category Management Enablers
  • Suppliers Selection
  • Suppliers under Coverage
  • US Market Insights
  • Category scope
  • Appendix

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

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Anirban Choudhury

Marketing Manager

Ph No: +1 (872) 206-9340 


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