According to a new report published by Allied Market Research, titled, “Enterprise Agile Transformation Services Market," by Organization Size, Industry Vertical, Service Type, Methodology, and Consumer Type: Global Opportunity Analysis and Industry Forecast, 2023–2032,” The global enterprise agile transformation services market size was valued at $27,621.57 million in 2022, and is projected to reach $141,985.14 million by 2032, growing at a CAGR of 18.1% from 2023 to 2032.
Enterprise agile transformation services refer to a group of services that encompass consulting, coaching, and support provided to large organizations or enterprises seeking to adopt agile methodologies and principles at a wider scale. The goal of enterprise agile transformation is to bring about a fundamental shift in the organization's practices, culture, and processes, to become more agile, adaptive, and customer-centric. It typically involves a range of components, including assessment and strategy, leadership buy-in, training and education, agile coaching and mentoring, organizational alignment, tooling and infrastructure, change management, and metrics and reporting.
Upsurge in need for faster time-to-market in product development and the increase in need for better communication & collaboration among businesses are driving the growth of the enterprise agile transformation services industry. In addition, the rise in shift from traditional transformation toward agile transformation is expected to fuel the growth of enterprise agile transformation service market. However, frequent failure rates is projected to limit the enterprise agile transformation services market analysis. Conversely, the rise in adoption of agile approaches among major non-IT industries, such as manufacturing, retail, and healthcare, along with the robust growth of big data-based complex landscape are anticipated to provide numerous opportunities for the expansion of the enterprise agile transformation services industry during the forecast period.
Depending on the industry vertical, the IT & telecom segment dominated the enterprise agile transformation services market share in 2022, owing to the growing need to respond fluctuating market situations, cater to customer demands effectively, and rise in number of software development projects. However, the retail segment is expected to witness the highest growth in the upcoming years, owing to the growing utilization of digital technology and services, along with the rise in deployment of consumer-centric lean and agile processes across the omnichannel operations.
Region-wise, the enterprise agile transformation services market was dominated by North America in 2022 and is expected to retain its position during the forecast period, owing to the emergence of Industrial 4.0 revolution and rapid technological advancements, along with the favorable government support and initiatives in the region. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to the growing digital markets in Central and Southern Asia, along with the rise in IT and software development spending across the Asia-Pacific region.
The COVID pandemic had a positive impact on the enterprise agile transformation service market, due to the rise in awareness regarding digitalization among the end-user, along with the growing need to adopt agile transformation services to survive in the COVID-19 crisis. Further, traditional business and operating models were under severe pressure to survive in the market during the COVID-19 lockdown, owing to demand and supply gaps. In response to this, companies have leveraged remote working solution, and reimagined the way they serve customers, which created new business models, enhanced technology capabilities, and assembled multi-disciplinary teams. This factor creates the demand for enterprise agile transformation services, thus accelerating the market growth.
Key Findings of the Study
- On the basis of organization size, the large enterprises segment generated the highest revenue in 2022.
- On the basis of industry vertical, the IT and telecom segment generated the highest revenue in 2022, and is likely to retain its dominance during the forecast period.
- By service type, the agile development segment accounted for the largest enterprise agile transformation services market share in 2022.
- Based on methodology, the scrum segment was the highest revenue contributor to the market in 2022.
- Based on consumer type, the corporations/enterprises segment was the highest revenue contributor to the market in 2022.
- Region-wise, North America generated the highest revenue in 2022.
The global enterprise agile transformation services market forecastis dominated by key players such as Scrum Inc., SCRUMstudy, Scrum Alliance, Scrum Org, Project Management Institute (PMI), SAFe, IC Agile, Agile Business Consortium, Lean Agile Institute, Accenture Plc., Capgemini SE, Isos Technology, Atlassian, Broadcom Inc., and Apptio. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.