India Enterprise Agile Transformation Services Market Expected to Reach $3,291.24 Million by 2031

India Enterprise Agile Transformation Services Market Expected to Reach $3,291.24 Million by 2031

According to a recent report published by Allied Market Research, titled, “India Enterprise Agile Transformation Services Market by Methodology, Service Type, Organization Size, and Industry Vertical: Country Opportunity Analysis and Industry Forecast, 2022–2031,” the India Enterprise Agile Transformation Services Market size was valued at $478.18 million in 2021, and is projected to reach $3,291.24 million by 2031, growing at a CAGR of 21.6% from 2022 to 2031.

Enterprise agile transformation services refer to an organization's long-term objectives for changing its product delivery processes and culture. The transition from traditional approaches to agile methodologies requires a variety of services, including coaching, assessments, planning, and others. The agile transformation services also enhance operational performance visibility. Furthermore, upsurge in need for faster time-to-market in product development, continuous changes in business needs, and increase in need for better communication & collaboration among businesses, along with the rise in shift from traditional transformation toward agile transformation are the key factors that drive the growth of the India Enterprise Agile Transformation Services Market. Several benefits of agile transformation, such as reduced costs, more flexibility, quicker time to release, better predictability & quality, and early risk detection boost the adoption of this process among organizations. However, certain issues associated with the adoption of agile transformation, such as structural complexities and other architectural complexities are expected to hinder the growth of the market.

Depending on the organization size, the large enterprise segment dominated the India enterprise agile transformation services market share in 2021 and is expected to continue this trend during the forecast period, owing to the increase in dependence on enterprise agile transformation solutions due to its organizational advantages such as it continuously improve on and deliver value for customers. However, the SMEs segment is expected to witness the highest growth in the upcoming years, owing to the increase in investments by the market players to develop enterprise agile transformation services for SMEs.

Region-wise, the India enterprise agile transformation services market was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to the rising need for accelerated product development, increase in need for improved collaboration & communication aiding the growth of the India enterprise agile transformation services market. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to organizations across this region shifting from traditional services to agile services, supported by its benefits such as improved collaboration & communication, high ROI, early risk detection capabilities, and reduced costs associated with management & product development, which is expected to fuel the market growth in this region.

The covid pandemic had a positive impact on the enterprise agile transformation service market as it increased the awareness among the end user and the growing need to adopt agile to survive in the COVID-19 crisis. Conventional business and operating models are under a lot of strain. In response, businesses have used remote working, reconsidered how they serve consumers, developed new business models, improved technical skills, put together multidisciplinary teams, and formed partnerships. Organizations that implemented an intelligent operational model (built-in agility, purpose-driven direction, fusing new methods of working with technology) were aiding in crisis management.

Additionally, a number of agile transformation service providers had begun forming alliances and working together to facilitate business transformation in the cloud on a worldwide scale. For instance, in November 2020, ANSR and Google Cloud teamed to assist businesses to create and manage Global Capability Centers (GCCs) and allow "at-scale" digital transformation capabilities. This cooperation supports India's rising business and technology transformation agenda by assisting businesses in accelerating their shift to a cloud-first approach.

KEY FINDINGS OF THE STUDY

• By service type, the agile consulting segment accounted for the largest India enterprise agile transformation services market share in 2021.
• Region-wise, North America generated the highest revenue in 2021.
• On the basis of organization size, the large enterprise segment generated the highest revenue in 2021.

The India Enterprise Agile Transformation Services Market is dominated by key 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. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.