Description
Global Independent Software Vendors (ISVs) Market Research Report: Forecast to 2026
Market Snapshot
The Global Independent Software Vendors (ISVs) Market is expected to exhibit a healthy CAGR of 10.5% to reach USD 408.15 Million during the review period. Independent software vendors develop and sell software products that run on one or more machines or operating systems or cloud platforms. ISVs develop various software applications as per the end-user requirements ranging from the basic utility or productivity-based applications to enterprise-class business process applications, which include customer relationship management (CRM), enterprise resource planning (ERP), and automation tools. These ISVs often specialize in building applications for a specific niche market or businesses such as e-commerce, logistics, retail, healthcare, financial, and educational.
The global independent software vendors (ISVs) market is expected to upsurge owing to the highest market value of USD 202.85 Million in 2019. The global market growth is attributed to the increased requirement for value-added services and OEM support for the ISVs solutions development and management. The rapid technology growth and highly competitive market are expected to propel the independent software vendors (ISVs) market to develop, deliver, and maintain innovative software applications. However, the rapidly changing technology landscape is one of the major factors anticipated to hamper the growth of the ISVs market over the projected period. These ISVs leverages advanced technologies to develop software applications with minimum time to market without comprising on the quality, performance, and security of the software.
Market Segmentation
The Global Independent Software Vendors (ISVs) Market has been classified based on Type and application. In terms of type segment, the global market has been bifurcated into the cloud and on-premises. The Application segment classifies the global market into e-commerce, logistics, retail, healthcare, financial, education, and others.
Regional Analysis
The Global Independent Software Vendors (ISVs) Market is spread across seven major geographies, namely, North America, Europe, Southeast Asia, India, China, Japan, and Central and South America.
North America is likely to drive the independent software vendors (ISVs) market, followed by Europe. Besides, India is a rapidly expanding economy in the independent software vendors (ISVs) market. Additionally, rising digitalization and increasing consumer awareness in the country are some of the factors propelling the growth of the market. Furthermore, businesses in the country are planning to adopt the latest technologies to harness maximum profits, which would enable them to sustain themselves in a competitive environment. Moreover, the growing requirement for cloud computing technology both by large enterprises and small- and medium-sized enterprises, is also expected to fuel the market advancements during the study.
Major Players
The major players operating in the software vendors (ISVs) market are Microsoft Corporation (US), Cisco Systems, Inc. (US), IBM Corporation (US), HP Development Company, LP (US), Micro Focus (US), Google, Inc. (US), Oracle Corporation (US), Apple Inc. (US), SAP SE (Germany), Salesforce.com, Inc. (US), Nutanix (US), ServiceNow (US), Yahoo! (US), Double-Take Software (US), RSA Security LLC (US), Mocana (US), Odyssey Software (US), and Compuware Corporation (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
