Global Independent Software Vendor Market Size study, by Type (Cloud-based, On-premises), by Application (E-Commerce, Logistics, Retail, Healthcare, Financial, Educational, Others), and Regional Forecasts 2022-2032

Global Independent Software Vendor Market Size study, by Type (Cloud-based, On-premises), by Application (E-Commerce, Logistics, Retail, Healthcare, Financial, Educational, Others), and Regional Forecasts 2022-2032

The Global Independent Software Vendor Market is valued at approximately USD 432.21 Million in 2023 and is anticipated to grow with a healthy growth rate of more than 23.52% over the forecast period 2024-2032. An independent software vendor (ISV) is a business or individual that builds, develops, and sells enterprise or consumer software to its end users. These software products run on more than one operating system (OS) or computer hardware platforms. Even though ISV-provided software is consumed by end users, it is considered the property of the vendors. Increased demand for value-added services and OEM support for ISVs solution development and management are some of the factors responsible for the market's growth during the forecast period.

The rise of the mobile workforce raises the demand for collaboration tools, mobile apps, and remote access solutions, providing substantial growth prospects for ISVs that build appropriate software. Additionally, the introduction of cloud technologies constituted an important turning point in software development history. Cloud computing refers to the supply of various computing services such as servers, storage, databases, networking, analytics, and more that are all accessible via the internet, indicating a paradigm shift in how technology resources are accessed and utilized. This transition from on-premises infrastructure to cloud-based services resulted in several revolutionary shifts. Cloud platforms such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud provided scalable architecture that allowed developers to simply add resources as needed. This avoided the need for upfront hardware investments and allowed the flexibility to scale up or down dependent on demand.

The key regions considered for the global Independent Software Vendor Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. In 2023, North America dominate the market in terms of revenue and expected to grow at a fastest CAGR during the forecast period 2024-2032. North America consists of countries such as the US, and Canada These countries have a large number of ISV providers. For instance, in the US, some of the key ISVs are Ipswitch, Salesforce.com, Intuit Inc., Alpha Software. In Canada, some of the key ISVs include Endeavour, CRG Solutions, and MediaValet Inc. All these ISVs compete based on value-added features and services that they offer. Thus, these factor help in driving growth across the market during the forecast period.

Major market players included in this report are:

IBM

Microsoft

SAP SE

Salesforce

Oracle

Google, Inc.

Apple Inc.

Dell. Inc

HPE

Compuware(BMC)

ServiceNow

Symantec Corporation (Broadcom)

Cisco Systems, Inc.

Carbonite, Inc. (OPENTEXT)

Mocana

The detailed segments and sub-segment of the market are explained below:

By Type:

Cloud-based

On-premises

By Application:

E-Commerce

Logistics

Retail

Healthcare

Financial

Educational

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.

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