Software Market Summary, Competitive Analysis and Forecast to 2026

Latest published market study on Software market provides an overview of the current market dynamics in the Software space, as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2027. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. Some of the players that are in coverage of the study are MicroStrategy Inc, Oracle Corporation, Alphabet Inc, Neusoft Corp, International Business Machines Corporation, SAP SE, Microsoft Corporation, NTT DATA Newson Corp, Otsuka Corp, Dassault Systemes SA, SCSK Corp., Open Text Corporation, The Sage Group plc.

Get ready to identify the pros and cons of regulatory framework, local reforms and its impact on the Industry. Know how Leaders in Software are keeping themselves one step forward with our latest survey analysis

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Key Highlights:

- The software market is defined as revenues generated from both sales of, and subscriptions to, various software packages and offerings. The market includes both signed deals that remain under contract, and the annual revenues associated with new contracts signed, within a particular calendar year. This excludes sales opportunities for third-party services providers.
- The software market is comprised of the following sectors: Business Process Applications, Data and Analytics, IT Management, Security and Other.
- Business Process Applications includes revenues from Commerce Applications, Customer Relationship Management Applications, Enterprise Resource Planning Applications, Financial Applications, Human Resource and Payroll Applications, Office Productivity Applications, Product Lifecycle Management Applications, Supply Chain Management Applications and Vertical-Specific and Packaged Applications exhaustively.
- Data and Analytics includes revenues from Artificial Intelligence Platforms, Big Data Platforms, Business Intelligence and Data Discovery Tools, Data and Content Management and Enterprise IoT (Internet of Things) Platforms exhaustively.
- IT management includes revenues from Application Lifecycle Management, Application Platforms and Containers, Integration Software, Operating Systems, Virtualization, Business Process Management, IT Service Management Tools, Database Management, System and Network Management Platforms and Storage Management exhaustively.
- Security includes revenues from Application Security, Endpoint Security Platforms, Fraud Prevention and Transactional Security, Identity and Access Management, Messaging Security, Data Protection, Security Intelligence and Management, Network Security, Server Security and Web Security exhaustively.

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- COVID-19: The assumption has been made that after the pandemic is over the global economy will gradually go back to the levels recorded before. It is also assumed that there is no widespread economic crisis as seen in 2008 due to announced financial support packages from governments around the world. In January 2021, at the time of the preparation of this report, the economic implications of national and local lockdowns of many economies are difficult to predict as there is no indication how long the pandemic will last, nor how many industries will be forced to stay closed and the scale of the governmental aid involved.
- The global software market had total revenues of $580.8bn in 2020, representing a compound annual growth rate (CAGR) of 2% between 2016 and 2020.
- The business process applications segment was the market's most lucrative in 2020, with total revenues of $202.1bn, equivalent to 34.8% of the market's overall value.
- In recent years, growth around the globe has been driven primarily by increased mobile and cloud computing usage among businesses and the population.

To comprehend Software market dynamics in the world mainly, the worldwide Software market is analyzed across major global regions. Customized study by specific regional or country can be provided, usually client prefers below

• North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, NORDICs, BALTIC Countries, Russia, Austria and Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam etc) & Rest
• Oceania: Australia & New Zealand

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Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global software market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global software market
- Leading company profiles reveal details of key software market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the global software market with five year forecasts

For deep analysis of Software Market Size, Competition Analysis is provided which includes Revenue (M USD) by Players (2019-2021E) & Market Share (%) by Players (2019-2021E) complimented with concentration rate.

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Actual Numbers & In-Depth Analysis of Software market Size Estimation and Trends Available in Full Version of the Report.

Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.

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