Press release
Vertical - Specific Software Global Market Expected to Witness $533.27 Billion with Impressive Growth at a 11.1% CAGR By 2028 | IBM Corporation, SAP SE, Salesforce.com Inc., Gen Digital Inc., Broadcom Inc.
Vertical - Specific Software Global Market
The Business Research Company offers in-depth market insights through Vertical - Specific Software Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The vertical - specific software market size has grown strongly in recent years. It will grow from $324.11 billion in 2023 to $350.15 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to industry-specific challenges and solutions, regulatory compliance requirements, operational efficiency and productivity gains, increasing complexity of business operations, competitive landscape and differentiation..
The vertical - specific software market size is expected to see rapid growth in the next few years. It will grow to $533.27 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to digital transformation initiatives, data-driven decision-making, globalization and supply chain optimization, shift to cloud-based solutions, cybersecurity and risk management.. Major trends in the forecast period include adoption of internet of things (iot) integration, enhanced user experience (ux) design, regulatory compliance solutions, focus on remote work and mobility solutions, blockchain integration for data security..
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=9769&type=smp
Market Segmentation:
The vertical - specific software market covered in this report is segmented -
1) By Type: Commerce Applications, Customer Relationship Management Applications, Supply Chain Management Applications, Enterprise Resource Planning Applications, Financial Applications, HR And Payroll Applications, Office Productivity Applications, Product Lifecycle Management Applications, Other Types
2) By Deployment: On-Premise, Cloud
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By End-User: Manufacturing, Banking, Financial Services And Insurance (BFSI), Healthcare And Pharmaceuticals, Telecom And IT, Government, Retail, Other End-Users
Major Driver - 5G Technology Adoption Fuels Growth In Vertical-Specific Software Market
The adoption of 5G technology is expected to propel the growth of the vertical-specific software market going forward. 5G is the fifth generation of mobile networks that enables a new type of network that is meant to link almost everyone and everything, including machines, objects, and devices. The deployment of 5G is likely to boost the vertical-specific software industry by allowing the integration of various technologies such as IoT, AI, robots, cloud computing, and edge computing in a mobile context, resulting in the creation of new goods and services. Additionally, the growing popularity of cloud computing is boosting demand for 5G. For instance, in September 2022, according to a report published by the GSM Association (GSMA), a UK-based industry organization that represents the interests of mobile network operators globally, 5G technology has resulted in over 640 million 5G connections globally in 2022, with a total of 2 billion connections expected by 2025. Therefore, the adoption of 5G technology will drive the vertical-specific software market.
Competitive Landscape:
Major companies operating in the vertical - specific software market report are Microsoft Corporation, IBM Corporation, SAP SE, Hewlett Packard Enterprise Co., Oracle Corporation, Salesforce.com Inc., Dell Technologies Inc., Gen Digital Inc., Broadcom Inc., VMware Inc., Infor Inc., Kronos Incorporated, Epicor Software Corporation, SYSPRO Corp., Zoho Corporation Pvt. Ltd., DocuSign Inc., Granular Inc., Naviance, ROLLER Software, Browzwear Solutions Pte Ltd., FeedZai Inc., Kyndi Inc., Ableton AG, Adobe Inc., Act-On Software Inc., MATRIXSPACE Inc., Jobandtalent UK Ltd., PayEngine Co., SugarCRM Inc., Pegasystems Inc., ServiceNow Inc., Workday Inc., The Ultimate Kronos Group, Ceridian HCM Inc., Paycom Software Inc., Paylocity Holding Corporation .
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/vertical-specific-software-global-market-report
Top Trend - Product Innovations Transforming The Vertical-Specific Software Market
Major companies operating in the vertical-specific software market are developing new products, such as contract intelligence solutions, to gain a competitive edge in the market. Contract intelligence solutions refer to advanced technological tools and platforms that leverage artificial intelligence (AI) and natural language processing (NLP) to analyze, interpret, and manage large volumes of contracts and legal documents. For instance, in October 2022, Icertis, a US-based software company, launched Icertis Contract Intelligence (ICI) for Banking and Financial Services, as part of its contract lifecycle management (CLM) offerings. This industry-specific CLM solution is designed to address the unique challenges faced by banking and financial services organizations. It includes out-of-the-box functionality with features such as a variety of contract types, rule identification for obligations, and workflow and reporting tools. ICI for Banking and Financial Services aims to enhance business velocity while managing risks and improving regulatory compliance, specifically addressing areas such as anti-money laundering (AML), ISDA credit support, and credit risk reviews. The solution incorporates insights and best practices from Icertis' experience in the industry, offering efficiency, visibility, and control for managing complex contracts in areas like treasury management, repo loan contracts, and custody agreements. The product seeks to accelerate contracting processes, improve client onboarding, reduce risk, enhance regulatory compliance, and drive revenue growth for banking and financial institutions.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vertical - Specific Software Market Characteristics
3. Vertical - Specific Software Market Trends And Strategies
4. Vertical - Specific Software Market - Macro Economic Scenario
5. Vertical - Specific Software Market Size And Growth
…..
27. Vertical - Specific Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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 Vertical - Specific Software Global Market Expected to Witness $533.27 Billion with Impressive Growth at a 11.1% CAGR By 2028 | IBM Corporation, SAP SE, Salesforce.com Inc., Gen Digital Inc., Broadcom Inc. here
News-ID: 3409852 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Software
Takeoff Software Market May See a Big Move | Sage Software, Bluebeam Software, Q …
Latest Study on Industrial Growth of Takeoff Software Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Takeoff Software market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments…
Robot Software Market Analysis by Software Types: Recognition Software, Simulati …
The Insight Partners provides you global research analysis on “Robot Software Market” and forecast to 2028. The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Robot Software market during the forecast period, i.e., 2021–2028.
Download Sample Pages of this research study at: https://www.theinsightpartners.com/sample/TIPRE00007689/?utm_source=OpenPR&utm_medium=10452…
HR Software Market Analysis by Top Key Players Zenefits Software, Kronos Softwar …
HR software automates how companies conduct business with relation to employee management, training and e-learning, performance management, and recruiting and on-boarding. HR professionals benefit from HR software systems by providing a more structured and process oriented approach to completing administrative tasks in a repeatable and scalable manner. Every employee that is added to an organization requires management of information, analysis of data, and ongoing updates as progression throughout the company…
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a…
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a…
HR Software Market Analysis by Top Key Players – Zenefits Software, Kronos Sof …
HR software helps HR personnel automate many necessary tasks, such as maintaining employee records, time tracking, and benefits, which allows HR professionals to focus on recruiting efforts, employee performance and engagement, corporate wellness, company culture, and so on. These human management tools can be purchased and implemented as on premise or cloud-based software.
This market studies report on the Global HR Software Market is an all-inclusive study of the enterprise sectors…
