Latest News- Independent Software Vendors (ISVS) Market: On-premises is expected to lead the Deployment segment during 2025-2029

The Independent Software Vendors (ISVS) Market is being driven by Rise in volume of enterprise data

The Independent Software Vendors (ISVS) Market is expected to grow at a CAGR of 11.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1559.1 million. Independent Software Vendors (ISVs) are witnessing a significant surge in demand for cloud-based solutions from agencies and corporations. The adoption of cloud technologies is driving advancements in various applications, including authentication processes, video management, biometric information storage, and big data computing. The proliferation of Internet of Things (IoT) devices worldwide has led to an exponential increase in data generation. Industries such as manufacturing, utilities, retail, automotive, and social media are harnessing IoT for enhanced data transfer. Cloud-based solutions offer unparalleled flexibility and scalability, enabling organizations and governments to effectively manage and process this vast amount of data. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • On-premises
  • Cloud based
  • Hhybrid
• Component
  • Software
  • Services
• Industry
  • BFSI
  • IT & Telecom
  • Logistics
  • Education
  • Healthcare
  • Others
  • BFSI
  • IT & Telecom
  • Logistics
  • Education
  • Healthcare
  • Others
• Application
  • Enterprise Applications
  • Industry-Specific Software
  • Productivity Tools
• End-User
  • Small and Medium Enterprises
  • Large Enterprises
  • Government
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
    • Argentina
  • Middle East and Africa
    • Egypt

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in volume of enterprise data
• Growing adoption of digital transformation
• Increasing focus on automating business processes

However, the market also witnesses some limitations, which are as follows:

• High costs of licensing and support
• Threat of cyber-attack and data security concerns
• Issue related to Interoperability glitches

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Market Scope in Independent Software Vendors (ISVS) Market Research Report

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Research Analysis Overview

Independent Software Vendors (ISVs) offer a range of software-related solutions and services for businesses. These include software solutions and platforms, products, and various types of services such as software development, consulting, and integration. ISVs act as technology partners, providing customization, personalization, and optimization services, as well as software deployments, upgrades, and maintenance contracts. They offer training programs, documentation services, and support for software implementations and migrations. ISVs also manage software security updates, patches, and vulnerabilities, ensuring compliance with various regulations and policies. Their pricing models include licensing, subscription plans, and usage metrics.

Market Research Overview

The IT software market encompasses businesses specializing in the creation and distribution of application and system software, encompassing database management solutions. The application software sector focuses on developing software for specific business or consumer needs, incorporating enterprise, technical, and cloud-based offerings. This market category excludes companies producing interactive home entertainment software or systems software for database management. According to Technavio's analysis, the global IT software market size is determined by the consolidated revenue of organizations providing various types of IT software, including cloud-based solutions, on-premise software, custom software development, software integration, application programming interfaces, software licensing, subscription models, software maintenance, and software support.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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