Independent Software Vendors (ISVs) Market Forecast to 2026

Independent Software Vendors (ISVs) Market Forecast to 2026

The Independent Software Vendors market industry is projected to develop from USD 289.8 Billion in 2014 to USD 910.7 Billion by 2026, exhibiting a compound annual growth rate (CAGR) of 13.6% during the estimated time frame. An independent software seller (ISV) is a business or individual that forms, creates, and offers undertaking or buyer software to its end clients. These software items run on more than one operating framework (operating system) or PC equipment stages. Even though ISV-if software is consumed by end clients, it is viewed as the property of the vendors.

Independent software vendors utilize existing innovations like RedHat OpenShift, Microsoft Purplish Blue, and Amazon Web Administrations to create and circulate arrangements and administrations for explicit markets.

Headways in advanced infrastructure and quickly changing purchaser conduct are a portion of the areas on which businesses are probably going to concentrate for enhancing the client experience. The public authority and business areas, including retail, banking, financial administration, insurance (BFSI), IT and telecom, medical services, and auto, need web applications to be effectively accessible to clients. Thus, independent software vendors assume an essential part in offering a superior nature of administrations (QoS) to the end-clients; this assists them with retaining existing clients, further increasing the client base, and further developing the general client experience. A portion of the significant patterns that permit ISVs to sustain in the cutthroat climate is examined beneath.

Market Segmentation
The global ISV market is highly fragmented, and it comprises multiple small- and mid-sized technology/solution distributors. The market has been divided into cloud-based and on-premises segments based on type. The market has been divided into E-Commerce, Logistics, Retail, Healthcare, Financial, Educational, and other sectors based on industry.

Regional Insights
Geographically, North America is expected to have a significant share of the global Independent Software Vendors market during the projected period.

North America is one of the most critical regions for the ISV market. North America consists of countries such as the US, Canada, and Mexico. These countries have many ISV providers. For instance, in the US, some of the key ISVs are Ipswitch, Salesforce.com, Intuit Inc., and Alpha Software. In Canada, some of the key ISVs include Endeavour, CRG Solutions, and MediaValet Inc. All these ISVs compete based on the value-added features and services that they offer.

Europe region consists of countries including Germany, France, Italy, the UK, and Nordic countries. The DACH region includes the following countries—Austria, Germany, and Switzerland, that have a significant number of ISVs. According to TECH COM compuBase, there were more than 6,938 companies in their database, offering software solutions in the countries mentioned. More than 40% of these ISVs offer management- and production-related software solutions and nearly 30% of these ISVs offer industry-specific software solutions.

Major Players
The major players in the US & India Independent Software Vendors market are Hewlett Packard Enterprise Development LP, IBM Corporation, Oracle Corporation, Cisco Systems, Inc., Salesforce.Com, Inc., Apple Inc, SAP SE, Carbonite, Inc, Micro Focus, ServiceNow, Mocana, Google, LLC, Microsoft Corporation, Compuware, Symantec Corporation, and Dell Inc.

Companies Mentioned
Hewlett Packard Enterprise Development LP
IBM Corporation
Oracle Corporation
Cisco Systems
Inc.
Salesforce.Com
Inc.
Apple Inc
SAP SE
Carbonite
Inc
Micro Focus
Servicenow
Mocana
Google
LLC
Microsoft Corporation
Compuware
Symantec Corporation
and Dell Inc.

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