Worldwide Software License, Maintenance, and Subscription Forecast, 2020–2024

Worldwide Software License, Maintenance, and Subscription Forecast, 2020–2024

This IDC study provides IDC's forecast for the software license, maintenance, and subscription market."The COVID-19 pandemic quickly forced the world's economy into recession and forced companies to figure out how to conduct business remotely. This significantly highlighted the value of recurring revenue and cloud services, which make businesses more resilient and agile and enable the ability to work from anywhere," said Mark Thomason, research director for Digital Business Models and Monetization with IDC.

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Aggressive Transition from Transactional to Subscription Business Models Will Continue
Digital Transformation Will Remain the Strongest Business Driver for Cloud Adoption
Evolving Monetization Applications Will Drive Higher Levels of Automation and Sophisticated Pricing
Inhibitors
COVID-19 Pandemic/Economic Downturn
Changing Business Models Is Challenging for Most Existing Software Companies
Buying Behavior: The Desire to "Own" Software Is Important for Some Customers
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

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