Emergence of open-source platforms for application development is opportunistic for the market as it can empower any custom web application with comprehensive and unique features. Rise in need for business-specific software solutions majorly drives demand for custom software development services.  In addition, increase in use of chatbots for custom communication in organizations enhances growth of custom software development services market. However, initial development, as well as the implementation of custom software, is expensive as compared to basic software solutions, which is the major challenge to the custom application development market growth.

Businesses around the world uses some form of open-source software in their stack for crucial solutions. In addition, software developers are constantly demanding best possible techniques that emerges in the field of open source to help them develop open source technique-based software applications. There is a growth trend for using different open source platforms including Java, Hadoop, PHP, Angular, or React. Open source programming experts working on multiple platforms to empower custom web applications with unique and comprehensive features.

Artificial Intelligence (AI) is an essential component of all digital platforms. There is a trend of businesses to integrate advanced machine learning (ML) abilities in their applications to offer exceptional user experience. For instance, AI-powered chatbots help businesses to serve hundreds of customers easily.

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Chatbots is one of the leading technologies among other software development technologies as it assists software to develop customer-friendly bots. Chatbots are emerging as easiest &fastest way and a complete solution for establishment and maintenance of custom communication with an ease of business. It can be observed that number of entrepreneurs are growing along with their businesses; and there is a definite requirement of chatbots. With an increase in chatbots development trend, custom application development market flourishes.

Key market players – Accenture plc, Infosys, Tata Consultancy Services, Capgemini SE, Cognizant Technology Solutions Corporation, HCL Technologies Ltd., International Business Machines Corporation, Chetu, Zoho Corporation, IntellectSoftand, and NIX Solutions Ltd.

Region covered in this report such as – North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

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Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.

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