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 observing a significant surge in demand for cloud-based solutions from agencies and corporations. These organizations and governments are leveraging cloud technologies for various applications, including authentication processes, video management, biometric information storage, and big data computing. The adoption 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 utilizing IoT for enhanced data transfer. The flexibility and scalability of cloud-based solutions enable these entities to effectively manage and process the vast amounts of data generated by IoT devices. 

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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 to businesses and organizations. These include software solutions and platforms, products, and various types of services such as development, consulting, customization, integration, and optimization. ISVs act as technology partners, providing software implementations, deployments, upgrades, maintenance contracts, support services, training programs, documentation, and more. They offer software solutions for various industries and sectors, ensuring compliance with regulations and governance policies. ISVs employ software developers, engineers, consultants, specialists, and experts to create, maintain, and enhance software, releasing regular patches, updates, and versions. They address software vulnerabilities through risk management and security updates, implementing licensing and pricing models, and offering subscription plans with usage metrics.

Market Research Overview

The IT software market encompasses businesses specializing in the creation and distribution of application and system software, including database management solutions. The application software sector specifically focuses on developing software for niche business or consumer applications, encompassing enterprise and technical software, as well as cloud-based alternatives. Technavio's market analysis calculates the global IT software market size based on the consolidated revenue of organizations providing various software offerings, such as cloud-based solutions, on-premise software, custom software development, software integration, Application Programming Interfaces (APIs), software licensing, subscription models, software maintenance, and software support. This market excludes companies producing interactive home entertainment software and those classified under the systems software sub-industry, focusing solely on application software providers.. 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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