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Worldwide Software Business Model (Subscription and License) Forecast, 2023–2027

Publisher IDC
Published Aug 31, 2023
Length 14 Pages
SKU # IDC18161579

Description

Worldwide Software Business Model (Subscription and License) Forecast, 2023–2027


This IDC study provides IDC's forecast for worldwide software business model revenue through 2027."The trend for software companies to adopt the subscription business model continues to grow quickly at an 18.2% 2022-2027 CAGR and is forecast to represent 92.2% of total software revenue by 2027," said Mark Thomason, research director for Digital Business Models and Monetization with IDC.

Please Note: Extended description available upon request.

Table of Contents

14 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Aggressive Adoption of the Cloud Service Model
Digital Transformation Continues to Be a Strong Business Driver for Cloud Adoption
The Quest for Predictable Recurring Revenue by Technology Vendors and Their Investors
Inhibitors
Changing Business Models Is Challenging for Existing Software Companies
Buyer Behavior
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

Pricing

Currency Rates
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