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.

For more details about the industry, get the PDF sample report for free
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
Component
Industry
- BFSI (Banking, Financial Services, and Insurance)
- IT & Telecom
- Logistics
- Education
- Healthcare
- Others
Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
Get more details by ordering the complete report
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.