Authored By: Sarah
06 Mar 2025

Independent Software Vendors Market Size (2025-2029)

The independent software vendors (ISVS) market is projected to grow by USD 1.56 billion at a CAGR of 11.9% between 2024 and 2029. ISVs play a crucial role in the technology ecosystem, providing software solutions for various industries. Several key drivers, trends, and challenges shape this market.

Global Independent Software Vendors (ISVs) Market 2025-2029

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Independent Software Vendors Market Segmentation

The market is segmented by deployment, component, industry, and geography, with data forecasts and historical data provided from 2019 to 2023.

Deployment

  • On-premises
  • Cloud-based

Component

  • Software
  • Services

Industry

  • BFSI (Banking, Financial Services, and Insurance)
  • IT & Telecom
  • Logistics
  • Education
  • Healthcare
  • Others

Geography

  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

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Market Dynamics - Drivers, Trends, and Challenges

Drivers:

  • Rise in the volume of enterprise data: The increasing volume of data across enterprises is driving the demand for innovative software solutions to manage and analyze this data.

Trends:

  • Increasing adoption of cloud computing: The shift to cloud computing by end-users presents opportunities and challenges for ISVs as they adapt their offerings to cloud environments.

Challenges:

  • High costs of licensing and support: The significant costs associated with licensing and ongoing support continue to challenge ISVs, making it difficult for businesses to justify the expense.

Key Players in the Independent Software Vendors Market

  • Adobe Inc
  • Alphabet Inc.
  • Autodesk Inc.
  • Avgi Solutions Inc.
  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • HP Inc.
  • International Business Machines Corp.
  • Intuit Inc.
  • Magic Software Enterprises Ltd.
  • Microsoft Corp
  • Mocana Corp.
  • Nutanix Inc.
  • Open Text Corp.
  • Oracle Corp
  • Salesforce Inc.
  • SAP SE
  • ServiceNow Inc.
  • Virtusa Corp.
  • VMware Inc.
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