- Players in independent software vendors (ISV's)
market focus on the troika of fail-safe, scalable, and
cost-effective for developing products; cloud-based offering
underpins vast avenue for growth.
- Vast business proposition of enterprise solutions
keeps North America market
lucrative for ISV's; data security concerns in cloud key pain
points for customers which ISV's trying to address.
ALBANY, New York, July 9, 2020 /PRNewswire/ -- Independent Software
Vendors (ISVs) are keen on distributing software products that are
expected to be fail-safe, scalable, and improve end-use
experiences, independent of the hardware offering. Innovation in
digital space is key to multiplying revenue generation in ISVs
market.
Innovative offerings by ISVs, notably financial services-ready
platforms on cloud model, are expected to disrupt the landscape in
near future. Globally, the independent software vendors (ISVs)
market stood at ~US$ 1,573.29 Bn in
2019, and is projected to touch ~US$
4,077.72 Bn by 2027. This represents compound annual growth
rate of ~13% from 2019 to 2027.
Companies are launching ISV partner programs to expand access
to software solutions for customers, affirm analysts at TMR. They
further concede that switching to cloud will endow end-use
businesses increased flexibility and low operating cost, hence
higher scalability.
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Key Findings of Independent Software Vendors
(ISVs) Market Report
- On the two major types of deployment, cloud led in 2018;
the segment likely to retain dominance, at least till 2027
- Of the various applications; financial services led in
2018 and will continue to lead over 2019 – 2027
- Asia Pacific expected to be
the leading regional market during 2019 – 2027; India expected to be highly lucrative
- North America and Europe projected to see rapid growth in
revenues
- The market company landscape is primarily fragmented
Explore 336 pages of granular assessment, evidence-based
insights, and detailed country-level projections. Gain business
intelligence on Independent Software Vendors (ISVs) Market
(Software Deployment: Cloud and On-premise; Application: Financial
Services, Healthcare, Industrial & Manufacturing, Public Sector
& Utilities, Retail, Service Providers, Telecom, Media &
Entertainment, Education, and Others [Hospitality, Transportation,
etc.]) - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast, 2019 - 2027 at
https://www.transparencymarketresearch.com/independent-software-vendors-market.html
Independent Software Vendors (ISVs) Market:
Driving Factors and Promising Avenues
Changing preferences in the software sector and the associated
vendor landscape shape the growth dynamics in the independent
software vendors (ISVs) market. A few of the more striking ones are
worth taking note of:
- Strides in digital initiatives by healthcare and financial
services industries drive demand for cost-effective and scalable
software solutions, thereby boosting ISVs market.
- Industrial and manufacturing sectors have emerged as prominent
end users in the ISVs market, as they demand fail-safe
software.
- Focus on reducing the operating cost has led to building demand
in various cloud models—public as well as hybrid clouds.
- The demand for dedicated software solutions that will boost
operational gains in various industries has broadened the revenue
prospect in independent software vendors market.
- Software as a Service (SaaS) cloud model has piqued the
curiosity of enterprise consumers, mainly because of popularity of
scalable solutions.
Analyze Independent Software Vendors (ISVs) Market growth in 30+
countries including US, Canada,
Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan,
India, and South Korea. Request a sample of the study
Key Impediments for Independent Software Vendors (ISVs)
Market Players
The dichotomy of services versus solutions has intrigued end use
industries in the independent software vendors (ISVs) market. For
long, the manufacturing industries have relied on outsourcing of
services for getting access to cutting-edge software such as 3D.
However, at times, these have been found to fall short of quality,
hence spurring ISVs vendors to work toward meet their client's
expectations.
Another genuine concern is data thefts and lack of security.
These are also the key pain points for consumers which have
dampened the uptake of cloud-based solutions. Aspiring players are
also looking for improving the functionality of multi-cloud and
hybrid cloud as well as addressing data privacy concerns in
them.
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Independent Software Vendors
(ISVs) Market: Competitive Landscape
Some of the top players in the independent software vendors
market are Microsoft Corporation, Oracle Corporation, ASG
Technologies Group, Inc., Apple Inc., and Google LLC. Several of
these are leaning on offering collaborative solutions, including
enterprise suites and mainly web conferencing technology.
Further, multinational businesses in end-use industries are
getting into collaborations and inking partnership deals with ISVs.
A prominent trend is in the healthcare and financial services
industry.
Request the Coronavirus Impact Analysis across
independent software vendors market
The independent software vendors
(ISVs) market can be segmented based on:
Software Deployment
Application
- Financial Services
- Healthcare
- Industrial & Manufacturing
- Public Sector & Utilities
- Retail
- Service Providers
- Telecom
- Media & Entertainment
- Education
- Others (Hospitality, Transportation, etc.)
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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