Market Watch study highlights below mentioned facts about software Development industry by 2022.
The global software engineering market is expected to grow approximately at USD 37.4 Billion by 2022, at an approx. CAGR of 11.72% between 2016 and 2022.
- By software type, CAD sub-segment in software engineering market accounts for the largest market share and is growing at a 13.28% CAGR, during the forecast period.
- By application, automation design sub-segment holds the largest market share, growing at a12.26% CAGR, during the forecast period.
- By end-user, automotive sub-segment holds the largest market share and is growing at a 13.48% CAGR, during the forecast period.
The reason behind such strong growth curve in this industry is because of the growing need for businesses to incorporate technology in every sphere of their operations to create competitive advantage and reduce their cost of operations. Artificial Intelligence, Internet of things, blockchain, Automation and Cloud computing are the need of the hour to make multi-national companies agile and proactive to their market conditions. Hence, we would like to discuss the five main benefits Zelite’s clients have realised after we developed custom app for their business operations.
Adaptability
Cost Effectiveness
Security
Compliance
Integration
Zelite’s team has helped all our Manufacturing industry clients reduce the waste of resources and communication time in their manufacturing process by building custom software and apps to help them automate end-to-end process. Software development can take anywhere from 2months to 10months depending on the requirements.
If you are looking to build custom software for your business, then connect with our team today.
