Enterprise Agile Transformation Services Market Expected to Reach $ 63.82 Billion by 2026

According to a recent report published by Allied Market Research, titled, " Enterprise Agile Transformation Services Market by Methodology, Service Type, Organization Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global enterprise agile transformation services market was valued at $15,443.51 million in 2018, and is projected to reach $63.8 billion by 2026, growing at a CAGR of 19.50%  from 2019 to 2026. 

Enterprise agile transformation services refers to an organization’s long-term goals toward the transformation of its product delivery methods and culture. Various types of services such as coaching, planning, assessments, and others are necessary for changing an organization from traditional methodologies to agile. The growth of global enterprise agile transformation services market is attributed to the need for accelerated product development, rise in need for improved communication & collaboration, and shift from traditional services to agile services, supported by its benefits such as improved communication & collaboration, high ROI, early risk detection capabilities, and reduced costs associated with product development & management.  

High failure rate among large organizations, due to certain issues associated with agile transformation, such as organizational complexities, is the key factor that hinders the market growth. Furthermore, rise in adoption of agile approaches among major non-IT industries and emerging applications of agile approaches in growing big data-based complex landscape are expected to provide major opportunities for the growth of the market during the forecast period. Thus, drives the growth of the enterprise agile transformation service market.

The scrum segment dominated the enterprise agile transformation service market in 2018 and is projected to maintain its dominance during the forecast period, owing to the ability of scrum to minimize the dependency and bottlenecks by requiring each team of an organization to have everything necessary to deliver a working tested increment. Furthermore, the Kanban enterprises are expected to grow at a significant CAGR during the forecast period, owing to the additional feature of Kanban helping different teams in organizations to work together more efficiently. 

The global enterprise agile transformation service market size was led by the BFSI segment in 2018 and is projected to maintain its dominance during the forecast period, owing to the increase in need to provide fast & reliable product development, customized application development, and mobile integration services to the organization. 

By region, the global enterprise agile transformation service market was dominated by North America in 2018 and is expected to maintain this trend during the forecast period. The major factors that drive the growth of the market in this region includes rise in different technological advancements as well as social change in this region have enabled several industrial sectors to adopt agile transformation services. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to rapid adoption of emerging technologies among various businesses and industrial sectors. 

Key Findings of the Enterprise Agile Transformation Services Market :

• By methodology, the scrum segment led the enterprise agile transformation services market size in terms of revenue in 2018.
• By organization size, the large enterprises accounted for the highest market share in 2018.
• By region, North America generated the highest revenue in 2018.
• Depending on industry vertical, the IT & telecom segment is anticipated to exhibit substantial growth during the forecast period.

The key players profiled in the enterprise agile transformation services market industry are Accenture Plc., Agile Sparks, Broadcom Inc., Endava Plc, Hexaware Technologies Limited, International Business Machines Corporation, LeadingAgile, Symphony Solutions, Xebia Group, and Cognizant Technology Solutions Corporation.