Global Independent Software Vendors Market, By Type (Cloud, On-Premise), Application (Financial Services, Healthcare, Industrial and Manufacturing, Public Sector and Utilities, Retail, Service Providers, Telecom, E-Commerce, Media and Entertainment, Education, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Independent Software Vendors Market
Independent software vendor’s market size is valued at USD 494.75 million by 2028 is expected to grow at a compound annual growth rate of 10.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on independent software vendors provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
An independent software vendor is a type of business or an individual who develops, builds and sells consumer or enterprise software which is consumed by end users. The independent software vendor is a company whose main purpose is to distribute its software.
The increase in the number of cloud-based solutions is expected to influence the growth of independent software vendors market over the forecast period of 2021 to 2028. Also the increase in the adoption of SaaS and increase in the implementation of multi-cloud and hybrid cloud are also anticipated to flourish the growth of the independent software vendors market. Furthermore, the rise in the use of the data gathered from VAS and rapid innovations and increased adoption of applications in the healthcare landscape are also likely to positively impact the growth of the market. Moreover, the rapid technological advancements is also expected create a huge demand for independent software vendors as well as lifting the growth of the independent software vendors market.
However, the rise in the concerns regarding data theft and data privacy across the globe are expected to act as the major limitations for the growth of independent software vendors in the above mentioned forecasted period, whereas the time needed to digitize data can challenge the independent software vendors market growth in the forecast period of 2021 to 2028.
Likewise, the rise in the use of various enterprise solutions due to a highly distributed workforce, high adoption of cloud-based solutions by different applications and increase in the adoption of cloud-based solutions among end users are expected to create various new opportunities that will lead to the growth of the independent software vendors market in the above mentioned forecasted period.
This independent software vendors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on independent software vendors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Independent Software Vendors Market Scope and Market Size
Independent software vendors market is segmented on the basis of type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on type, the independent software vendors market is segmented into cloud and on-premises.
The application segment of the independent software vendors market is segmented into financial services, healthcare, industrial and manufacturing, public sector and utilities, retail, service providers, telecom, e-commerce, media and entertainment, education and others. Others have further been segmented into hospitality, transportation and others.
Independent Software Vendors Market Country Level Analysis
Independent software vendors market is analyzed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the independent software vendors market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the independent software vendors market due to the rise in the adoption of cloud-based solutions by different applications such as financial services and healthcare. North America is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to the rise in the use of various enterprise solutions due to a highly distributed workforce.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Independent Software Vendors Market Share Analysis
Independent software vendor’s market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to independent software vendors market.
The major players covered in the independent software vendors market report are IBM, Google, VMware, Inc., Cisco Systems, Inc., Microsoft, Salesforce, ASG Africa, Allscripts Healthcare Solutions, Inc., Oracle, Hewlett Packard Enterprise Development LP, Phoenix Software International, Inc., ServiceNow, Inc., Virtusa corp., Red Hat, Inc., Numerical Algorithms Group Ltd., Magic Software Enterprises, KELLTON TECH, Barnard Software, Inc., Wipro Limited and Accenture among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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