According to a recent study from MarketsandMarkets, the custom software development market is predicted to reach $18.5 billion by 2021. This increase is due to the increasing demand for custom software development services in big and small businesses. In addition, cloud-based software development services are also influencing the market. As a result, companies are looking for ways to save money and time when developing their applications.
The main drivers of this market are customization, flexibility, certainty, and cost-effectivity. The second driver is customer demand, as companies become more comfortable using cloud-based systems and want more control over their applications' outcomes. Furthermore, the trend of data security breaches is making customers less likely to invest in custom software development services.
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