Press release
Business Software and Services Market is projected to grow at a significant CAGR of 11.1% during 2022-2029 | Size, Share, Analysis & Forecast
Business Software and Services Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/business-software-and-services-market-analysis-industry-research/
The factors driving the growth of Business Software and Services Market includes increase in the volumes of data generated by businesses, emerging need to enhance transparency and operational efficiency in business processes, rising deployment of business software in companies and Government departments worldwide and improvements in the living standards. Business software helps enterprises in taking strategic decisions, minimizing inventory costs, enhances profitability, provides assistance to their customers and are cost effective, are some of the features pushing the Business Software and Services Market size. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Blockchain by major enterprises, rise in the launch of innovative products, increasing number of skilled professionals such as computer scientists and data analysts and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic mergers and collaborations between key industry leaders and growing population growth rates, are further contributing towards the market growth.
However, growth of the Business Software and Services Market is hindered due to rising concerns related to cyber-attacks.
The major players operating in the Business Software and Services Market are Tableau Software LLC, QlikTech International AB, SAP SE, Oracle Corporation, International Business Machines Corporation, Salesforce.com, Inc., Adobe, Inc., Microsoft Corporation, SAS Institute Inc., and Teradata Corporation among others.
Based on Software, the Finance segment is predicted to grow at a robust CAGR during the forecast period
As per the Business Software and Services Market Global Analysis, financial management tools help businesses in budgeting and planning, provides detailed insights and minimizes inventory errors, are some of the features pushing growth of the segment.
Based on Service, the Support & Maintenance segment is projected to grow at a significant CAGR over the forecast period
According to the Business Software and Services Market Report, increasing demand for third-party support & maintenance services and emerging requirement of well-trained and experienced technicians for fixing issues, are propelling segment's growth.
Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period
Increasing deployment of cloud-based solutions across BSFI and Defense sectors, presence of the leading players such as Oracle Corporation, International Business Machines Corporation, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.
Key Development
In 2019, NPC International (NPC), one of the biggest Pizza Hut and Wendy's franchisee, applied SAP SuccessFactors solutions for human capital management (HCM) and SAP S/4HANA Cloud for enterprise resource planning (ERP).
Market Segmentation
Segmentation by Software
Finance
Sales & Marketing
Human Resource
Supply Chain
Others
Segmentation by Service
Consulting
Managed Services
Support & Maintenance
Segmentation by Deployment
Cloud
On-premise
Segmentation by Organization Size
Large Enterprises
Small & Medium Enterprises
Segmentation by Industry Vertical
Aerospace & Defence
BFSI
Government
Healthcare
IT & Telecom
Manufacturing
Retail
Transportation
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland
GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Business Software and Services Market is projected to grow at a significant CAGR of 11.1% during 2022-2029 | Size, Share, Analysis & Forecast here
News-ID: 2825734 • Views: …
More Releases from Gmi Research
OLED Market is projected to rise at a higher CAGR during the forecast period | S …
The OLED Market is anticipated to expand at a remarkable CAGR during the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/global-oled-market/
The factors driving growth of the OLED Market includes increasing penetration of smartphones and gaming consoles around the world, Government policies supporting OLED lighting research, growing popularity of smart Televisions and improvements in the living standards. For instance, the revenue generated from the sales of video game consoles…
3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period | …
The 3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-3d-printed-drugs-market-by-technique-type/
The factors driving growth of the 3D Printed Drugs Market includes increasing geriatric population around the world, growing demand for soluble drugs, rising prevalence of stroke, Alzheimer's disease and head and neck tumors and improvements in the living standards. For instance, the population aged 60 and…
Virtual Private Cloud Market is expected to grow at a higher CAGR of 23.4% over …
The Virtual Private Cloud Market is projected to grow at a CAGR of 23.4% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-virtual-private-cloud-market/
The factors driving growth of the Virtual Private Cloud Market includes huge volumes of data generated across BSFI, Healthcare and Media & Entertainment industries, rising focus by companies on modernizing IT infrastructure, Government initiatives promoting digitalization, increasing number of data breaches reported around the…
Pest Control Services Market is poised to grow at a robust CAGR during the forec …
The Pest Control Services Market is estimated to grow at a robust CAGR over the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/pest-control-services-market/
The factors driving growth of market includes increasing demand for pest control services from hospitality, pharmaceutical, and food processing industries, growing focus on using biocides, rising concerns related to climate change, and improvements in the living standards. For instance, the market value of biocides worldwide was…
More Releases for Business
Business Consulting Company, Business Consulting Firm, Business Consulting Servi …
The market research is an essential portion of any business strategy and primarily comprises of the data collecting about the markets and consumers in those markets. In recent’s globalized business surroundings, effective market research is a critical portion of any business’s efforts to compete successfully.
At Ken Research, the market research services support businesses identify growth opportunities and form a competitive strategy reliant on the deep understanding of consumers and…
Business to Business Media Market 2019 Business Scenario – Bloomberg, IBM, Ora …
A new Profession Intelligence Report released by Stats and Reports with the title Global Business to Business Media Market "can grow into the most important market in the world that has played an important role in making progressive impacts on the global economy. Global Business to Business Media Market Report presents a dynamic vision to conclude and research market size, market hope and competitive environment. The study is derived from…
Business to Business (B2B) Telecommunication Market Prolific Business Methodolog …
B2B telecommunications is a form of communications that takes place between companies in different forms such as text, voice, video, emails, and among others. B2B telecommunication providers maintain systems that transmit data, text, sound, and voice and video, which facilitates direct communication between businesses. Telecommunications platforms can also be utilized by marketers in order to boost a company's visibility within the industry and identify networking opportunities.
Request For Customization of Research…
Business Alliance Market Growing Dynamically with Leading Top Key Players like B …
A business alliance is an agreement between businesses, usually motivated by cost reduction and improved service for the customer. Alliances are often bounded by a single agreement with equitable risk and opportunity share for all parties involved and are typically managed by an integrated project team. An example of this is code sharing in airline alliances.
The Global Business Alliance Market 2019 research provides a basic overview of the industry including…
Global Interferon Market Business Growth, Business Opportunities, Business Outlo …
Albany, NY, USA / 16 Oct 2018: - A New fresh research report presented by KD Market Insights provides a detailed analysis of “Global Interferon Market Size, Trends, Opportunity and Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges the business…
Global Intramuscular Immune Globulin Market Business Growth, Business Opportunit …
Albany, NY, USA / 16 Oct 2018: - A New fresh research report presented by KD Market Insights provides a detailed analysis of “Global Intramuscular Immune Globulin Market Size, Trends, Opportunity and Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges…
