NEW YORK, July 16, 2024 /PRNewswire/ -- The
global independent software vendors (ISVs) market size is
estimated to grow by USD
2.05 trillion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 14.73% during
the forecast period. Rise in volume of enterprise data is driving
market growth, with a trend towards increasing adoption of cloud
computing by end-users. However, high costs of licensing and
support poses a challenge. Key market players include Adobe
Inc., Alphabet Inc., Autodesk Inc., Avgi Solutions Inc., Cisco
Systems Inc., Dell Technologies Inc., HP Inc., International
Business Machines Corp., Intuit Inc., Magic Software Enterprises
Ltd., Microsoft Corp., Mocana Corp., Nutanix Inc., Open Text Corp.,
Oracle Corp., Salesforce Inc., SAP SE, ServiceNow Inc., Virtusa
Corp., and VMware Inc..
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segments, customer landscape, and companies- View the
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Independent Software
Vendors (ISVs) Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
14.73%
|
Market growth
2024-2028
|
USD 2058.15
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
12.82
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
35%
|
Key
countries
|
US, China, Japan, UK,
and Germany
|
Key companies
profiled
|
Adobe Inc., Alphabet
Inc., Autodesk Inc., Avgi Solutions Inc., Cisco Systems Inc., Dell
Technologies Inc., HP Inc., International Business Machines Corp.,
Intuit Inc., Magic Software Enterprises Ltd., Microsoft Corp.,
Mocana Corp., Nutanix Inc., Open Text Corp., Oracle Corp.,
Salesforce Inc., SAP SE, ServiceNow Inc., Virtusa Corp., and VMware
Inc.
|
Market Driver
Cloud-based software solutions have gained significant traction
among agencies, corporations, and governments due to their
flexibility and scalability. These solutions are utilized for
various applications, including authentication processes, video
management, biometric information storage, and big data computing.
The proliferation of IoT-connected devices has led to an enormous
data generation. Industries such as manufacturing, utilities,
retail, automotive, and social media leverage IoT for increased
data transfer. The growing number of IoT-enabled devices
necessitates the adoption of cloud-based solutions. Moreover, the
commercial deployment of 5G is anticipated to fuel the expansion of
the global Independent Software Vendors (ISVs) market by the end of
the forecast period.
Independent Software Vendors (ISVs) continue to play a
significant role in the business world, particularly in creating
innovative software solutions for various industries. IoT
applications and AI integration are current trends, with ISVs
developing new tools for industries like retail & e-commerce,
logistics, finance, education, healthcare, and IT & telecom.
Data security and privacy concerns remain top priorities, with ISVs
providing solutions for businesses using Cloud Technologies like
IaaS, PaaS, and SaaS. Salesforce Industries and large technology
companies are major players, while startups and multinational
corporations also rely on ISVs for software products, standalone
applications, web-based services, and productivity tools. Latest
technologies such as mobile apps, artificial intelligence, data
analytics, and user experience are key areas of focus. Hardware
manufacturers also partner with ISVs for software solutions, and
enterprise applications, industry-specific software, and
integration and interoperability are essential for businesses.
Technical support, training, and business continuity are crucial
services offered by ISVs. Overall, ISVs help businesses address
specific business problems and leverage the latest technologies to
stay competitive.
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Market Challenges
- Independent Software Vendors (ISVs) have evolved from service
providers to a product-focused industry, now transitioning into a
hybrid of both. Traditional licensing models like single-user and
concurrent-user have given way to usage-based and perpetual
licensing. While perpetual licensing remains popular, usage-based
licensing is on the rise. This shift brings both opportunities and
challenges. Usage-based licensing can offer more flexibility for
customers, but it also means fewer upfront revenues for ISVs.
Perpetual licensing, with its high upfront costs, may deter some
buyers. The ISV market is expected to face increased pressure on
pricing due to these changes.
- Independent Software Vendors (ISVs) face various challenges in
today's market. IoT applications require specialized knowledge and
resources, making development and integration complex. AI
integration is crucial for staying competitive, but ensuring data
security and privacy is a major concern. Salesforce Industries and
other large technology companies offer lucrative opportunities, but
ISVs must adapt to cloud technologies like IaaS, PaaS, and SaaS.
E-commerce, logistics, retail & e-commerce, IT & telecom,
automotive, finance, education, and other industries demand
software solutions for specific business problems. ISVs must
support various programming languages and platforms, providing
technical support and training for businesses. On-premises software
is giving way to cloud computing, with mobile apps and latest
technologies like AI, data analytics, and UX leading the way.
Hardware manufacturers and multinational corporations seek software
solutions for enterprise applications and industry-specific
software. Startups and small businesses also present opportunities,
but competition is fierce. ISVs must navigate integration and
interoperability challenges, ensuring their solutions work
seamlessly with other technologies and platforms. Overall, the ISV
market is dynamic and demanding, requiring agility, innovation, and
a deep understanding of business needs.
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challenges - Request a sample report!
Segment Overview
This independent software vendors (isvs) market report
extensively covers market segmentation by
- Deployment
- 1.1 On-premises
- 1.2 Cloud based
- Component
- 2.1 Software
- 2.2 Services
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 On-premises- Independent Software Vendors
(ISVs) often choose to deploy their software through the
on-premises model. On-premises software refers to locally hosted
solutions within organizations, utilizing their computer systems.
ISVs charge a one-time license fee for this software, providing
organizations with data security and local ownership. Additionally,
on-premises software offers the advantage of customizable
open-source features, allowing organizations to tailor the program
to their unique requirements. Despite the high hardware costs and
maintenance needs, large organizations with sensitive data continue
to prefer on-premises software due to enhanced security concerns.
This preference is projected to fuel the expansion of the
on-premises segment within the global ISVs market throughout the
forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global Vendor Management Software market is experiencing
robust growth, driven by increasing demand for streamlined supplier
processes and enhanced procurement efficiency. Key players are
innovating with AI and cloud-based solutions to optimize vendor
performance.
The global Output Management Software market is expanding
rapidly, fueled by the need for efficient document management and
reduced operational costs. Major players are integrating advanced
analytics and cloud capabilities to enhance output processes.
The global Corrugated Packaging Software market is growing
steadily, propelled by rising e-commerce and sustainable packaging
trends. Leading firms are focusing on automation and eco-friendly
solutions to meet industry demands.
Research Analysis
The Independent Software Vendors (ISV) market encompasses a vast
array of businesses developing and selling software solutions to
address specific business problems across various industries. These
solutions range from enterprise applications and industry-specific
software to productivity tools and web-based services. ISVs cater
to businesses of all sizes, from startups to multinational
corporations, providing them with innovative software solutions to
enhance their operations and productivity. Technologies and
platforms, such as cloud computing, Artificial Intelligence (AI),
IaaS, PaaS, and SaaS, are driving the growth of the ISV market.
Cloud Technologies, in particular, are enabling ISVs to offer
flexible and scalable software solutions to businesses, while AI is
enabling the development of intelligent applications for industries
like finance, education, retail & e-commerce, IT & telecom,
automotive, and logistics. ISVs offer technical support, training,
and consulting services to help businesses effectively implement
and utilize their software solutions. Programming languages and
platforms are essential tools for ISVs to develop and build
software solutions, while e-commerce and software-as-a-service
models provide new revenue streams and business opportunities. In
summary, the ISV market is a dynamic and innovative space, offering
businesses software solutions to address their unique challenges
and drive growth and productivity. From enterprise applications to
productivity tools, ISVs are leveraging the latest technologies and
platforms to deliver cutting-edge software solutions to businesses
across industries.
Market Research Overview
The Independent Software Vendors (ISV) market encompasses a vast
array of businesses that develop and distribute software solutions
to address specific business problems across various industries.
These solutions range from enterprise applications and
industry-specific software to productivity tools and mobile
applications. ISVs leverage the latest technologies and platforms,
such as cloud computing, artificial intelligence (AI), data
analytics, and the Internet of Things (IoT), to create innovative
and efficient software products. ISVs cater to businesses of all
sizes, from startups to multinational corporations, and offer a
diverse range of software solutions. These include standalone
applications, web-based services, and Software-as-a-Service (SaaS)
offerings. ISVs in the healthcare sector focus on improving patient
care and outcomes, while those in finance aim to streamline
financial operations. Education ISVs provide tools to enhance
learning experiences, and those in IT & telecom offer solutions
to optimize network performance. ISVs face challenges such as
integration and interoperability, data security, and privacy
concerns. They also need to stay updated with the latest
technologies and trends to remain competitive. Technical support
and training are essential for ISVs to ensure customer satisfaction
and retention. Overall, the ISV market is a dynamic and innovative
space that continues to evolve with the needs of businesses and
consumers.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Deployment
-
- Component
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
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Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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