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.

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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.