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Software Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | Microsoft Corporation, Oracle Corporation, Epicor Software Corporation, International Business Machines Corporation, Infor Inc., Deltek Inc., Acumatica Inc.
Software Services Market Trends
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The Surge In Software Services Market Driven By Increasing Business Process Automation
The increasing automation of business processes is expected to boost the growth of the software services market going forward. Automation refers to the technology that uses less human assistance to complete tasks. The use of automation software is a superior and wiser method of cost containment and reduction where the greatest opportunity is to expand customer (end-user) service while steadily cutting expenses, hence, the use of automation in business processes will rise the demand for the software services market. For instance, in April 2021, according to a report published by Zapier, a US-based company that empowers businesses to automate workflows and move data across apps, in 2021, 63% of SMBs stated automation enabled them to quickly shift in response to the pandemic. Furthermore, 66% of employees believe that automation at work allows them to focus on more innovative roles and initiatives. Therefore, the increased automation of business processes is driving the growth of the software services market.
Technological Advancements Propel The Software Services Market
Technological advancement is the key trend gaining popularity in the software services market. Major companies operating in the software services market are focusing on developing new technologies to strengthen their market position. For instance, in January 2023, Valvoline Inc., a US-based provider of automotive and industrial solutions, launched Vision Service Lane Technology. The unique feature of Vision is its ability to provide a tailored, VIN-specific menu of services, giving the service department a platform to increase income. Vision is one of the most detailed fixed-ops software products available, utilizing collaborations with partners to understand their pain points and unrealized potential in their current software. Advisors employ vision to help them establish relationships, trust, and responsibility with clients in the service drive or at the service desk.
The software services market covered in this report is segmented -
1) By Software: Finance, Sales And Marketing, Human Resource, Supply Chain, Other Software Types
2) By Service: Consulting, Managed Services, Support And Maintenance
3) By Deployment: Cloud, On-Premise
4) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
5) By End-Use: Aerospace And Defense, Banking And Financial Institutions (BFSI), Government, Healthcare, IT And Telecom, Manufacturing, Retail, Transportation, Other End-Uses
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Major companies operating in the software services market report are Microsoft Corporation, Oracle Corporation, Epicor Software Corporation, International Business Machines Corporation, Infor Inc., Deltek Inc., Acumatica Inc., Unit4, Syspro Technologies, TOTVS S.A, SAP SE, Cloud Software Group Inc., Qliktech International AB, Tableau Software Inc., SAS Institute Inc., NetSuite Inc., Salesforce Inc., Adobe Inc., Workday Inc., Plex Systems Inc., Aras Corporation, PTC Inc., Autodesk Inc., Dassault Systemes, Parasoft, ComplianceQuest, Siemens AG, Atlassian Corporation, Hewlett Packard Enterprise, Veeva Systems, Intellect Software Solutions Pvt. Ltd., Kovair Software Inc. .
Contents of the report:
1. Executive Summary
2. Software Services Market Report Structure
3. Software Services Market Trends And Strategies
4. Software Services Market - Macro Economic Scenario
5. Software Services Market Size And Growth
…..
27. Software Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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