Yahoo Finance India Enterprise Agile Transformation Services Market to Reach $3.29 Billion by 2031: Allied Market Research
Surge in need for faster time-to-market in product development and rise in need for better communication & collaboration among businesses have boosted the growth of the india enterprise agile transformation services market. The Covid-19 pandemic had a positive impact on the market as it increased the awareness among the end user and growing need to adopt agile to survive the sudden change.
Portland, OR , Nov. 30, 2022 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the India enterprise agile transformation services market generated $478.18 million in 2021, and is estimated to reach $3.29 billion by 2031, growing at a CAGR of 21.6% from 2022 to 2031. The report provides an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
Report Coverage | Details |
Forecast Period | 2022–2031 |
Base Year | 2021 |
Market Size in 2021 | $478.18 million |
Market Size in 2031 | $3.29 billion |
CAGR | 21.6% |
No. of Pages in Report | 168 |
Segments Covered | Methodology, Service Type, Enterprise Size, and Industry Vertical |
Drivers | Surge in need for faster time-to-market in product development |
Rise in need for better communication & collaboration among businesses | |
Opportunities | Benefits of agile transformation |
Restraints | Issues associated with adoption of agile transformation |
Covid-19 scenario:
The Covid-19 pandemic had a positive impact on the market as it increased the awareness among the end user and growing need to adopt agile to survive the sudden change.
Companies had to adopt work from home culture and needed to improve their technical capabilities, which fueled the market growth.
The India enterprise agile transformation services market is segmented into methodology, service type, enterprise size, and industry vertical.
Based on methodology, the scrum segment held the lion’s share in 2021, accounting for more than half of the market. However, the kanban segment is expected to manifest the highest CAGR of 24.9% during the forecast period.
On the basis of service type, the agile consulting segment dominated the market in 2021, contributing to more than half of the market. On the contrary, the agile development segment is expected to register the highest CAGR of 23.2% during the forecast period.
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Based on enterprise size, the large enterprises segment held the largest share in 2021, accounting for nearly three-fourths of the market. However, the SMEs segment is projected to showcase the highest CAGR of 23.7% during the forecast period.
On the basis of industry vertical, the retail segment is expected to register the highest CAGR of 25.4% during the forecast period. However, the IT and telecom segment held the largest share in 2021, contributing to more than one-fourth of the market.
The India enterprise agile transformation services market includes an in-depth analysis of the prime market players such as Accenture Plc., Agile Sparks, Broadcom Inc., Endava Plc, Hexaware Technologies Limited, International Business Machines Corporation, LeadingAgile, Symphony Solutions, Xebia Group, Cognizant Technology Solutions Corporation, Infosys Limited, and Infostretch Corporation.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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