Analysis of Custom Software Development Market Size, Share, and Trends
The global market for custom software development was valued at approximately USD 35.42 billion in 2023, with a projected CAGR of 22.5% from 2024 to 2030. Custom software development involves creating software applications tailored to specific individual or organizational needs. Market growth is driven by factors including the demand for industry-specific applications for real-time data analysis, the need for adaptable workspaces to boost productivity, and the increasing adoption of low-code development platforms for streamlined software creation.