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. In today's business landscape, Independent Software Vendors (ISVs) are witnessing significant demand for cloud-based solutions from agencies and corporations. The adoption of cloud technologies is on the rise for various applications such as authentication processes, video management, biometric information storage, and big data computing. The flexibility and scalability of cloud-based solutions enable organizations and governments to effectively manage their growing data needs. The proliferation of Internet of Things (IoT) devices worldwide has resulted in an exponential increase in data generation. Industries, including manufacturing, utilities, retail, automotive, and social media, are leveraging IoT for enhanced data transfer. With the rise of connected cars, homes, health, and smart cities, the data generated by these devices continues to expand. Cloud-based ISV offerings provide the necessary infrastructure and security to process and manage this vast amount of data efficiently. 

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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
• 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 various services to businesses, including application security, data migration, software customization, system upgrades, and vendor selection. ISVs utilize specific technology stacks and provide consulting services, business process automation, implementation support, and training materials. They also offer customer onboarding, technical documentation, change management, software portfolio management, IT governance, and compliance standards. Additionally, ISVs provide data center and network infrastructure, cloud security, application lifecycle management, software architecture, database technology, integration services, business intelligence, data analytics, DevOps practices, IT consulting, software lifecycle, product roadmap, marketing automation, and sales automation.

Market Research Overview

The Independent Software Vendors (ISV) market is a significant segment of the global IT software industry, encompassing businesses specializing in application development and production. This sector includes providers of software licensing models, such as perpetual and subscription-based, as well as those offering API integration strategies and cloud-based deployment. The ISV market caters to both enterprise and consumer applications, with a focus on SaaS (Software as a Service) architecture. Technavio's market analysis calculates the size of the global IT software market based on the consolidated revenue of these ISVs, covering enterprise, technical, and cloud-based software offerings. Excluding companies producing systems software or interactive home entertainment software, this market represents a dynamic and growing sector within the IT industry.. 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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