Growing Demand For Cloud-Based Solutions Drives Expansion In The Independent Software Vendor (ISV) Market: Critical Driver Shaping the Global Independent Software Vendors Market in 2025

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What Is the Expected CAGR for the Independent Software Vendors Market Through 2025?_x000D_
The market size for independent software vendors has seen a swift expansion in the latest years. The market's value is predicted to raise from $3.09 billion in 2024 to $3.59 billion in 2025 with a compound annual growth rate (CAGR) of 16.0%. Various factors have driven growth in the historic period, including an upswing in embracing cloud solutions, a surge in digital solutions integration, escalating product demand in emerging economies, a growing call for multi-cloud and hybrid cloud, as well as an increase in the volume of independent software vendor products._x000D_
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What's the Projected Size of the Global Independent Software Vendors Market by 2029?_x000D_
Expectations are high for a swift expansion in the independent software vendors market in the upcoming years. Forecasts predict a growth to $6.49 billion by 2029, with a compound annual growth rate (CAGR) of 16.0%. Factors contributing to this growth range from a surge in software as a service (SaaS) uptake, increasing global information technology (IT) spending, regulations compliance needs, a surge in demand for customization, and the escalating integration of digital solutions. Prominent trends for the projected period encompass breakthroughs in intelligent software platforms, developing software for Internet of Things (IoT) devices, technological innovations, the integration of artificial intelligence, and the inclusion of machine learning (ML)._x000D_
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Top Growth Drivers in the Independent Software Vendors Industry: What's Accelerating the Market? _x000D_
The anticipated growth in the independent software vendor market is believed to be driven by the increasing demand for cloud-based solutions. These solutions encompass application, services, and resources that are delivered and accessed via the internet. The surge in cloud-based solution demands is credited to its secure and compliant nature, remote access to applications, highly redundant, resilient infrastructure, and security prioritization. They also provide unmatched scalability and flexibility, often not possible with on-premises systems. Independent software vendors, recognizing this, are creating software that quickly adapts to customer needs, whether it's related to data storage expansion, computation power, or user capacity. For example, as per December 2023 data from Eurostat, the European Union's statistical office in Luxembourg, about 45.2% of EU enterprises utilized cloud computing services in 2023, chiefly for tasks like email hosting, file storage, and miscellaneous operational tasks. This is a significant growth of 4.2 percentage points since 2021. Also, in 2023, the most popular cloud computing services acquired were email services at 82.7%, file storage services at 68.0%, and office software at 66.3%. As such, it's clear that the growing demand for cloud-based solutions is propelling the independent software vendor market._x000D_
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What Trends Will Shape the Independent Software Vendors Market Through 2029 and Beyond?_x000D_
The key players in the independent software vendors market are concentrating their efforts on providing enhanced services such as "ISV as a Service". This move is aimed at expediting opportunities for Software-as-a-Service (SaaS) and business growth. The concept of Independent Software Vendors (ISVs) as a Service involves ISVs delivering their software products and corresponding services in a service-oriented manner, typically using cloud-based technologies. For example, TD SYNNEX, a software publishing firm based in the US, unveiled its Independent Software Vendor (ISV) experience in July 2022. This novel service is engineered to hasten the channel's SaaS opportunities by utilizing the TD SYNNEX partner network to drive IT operations, automate intricate processes, and launch new functionalities that stimulate sales, enhance go-to-market strategies, and yield positive business results. This incorporates simplified billing and provisioning through cloud marketplaces, support for various cloud billing and pricing models, access to a vast IT solution provider network, swift solution implementation with emerging technologies, professional services requiring minimal investment, accessible marketing programs, and individualized support from tech experts. These improvements aid ISVs in crafting successful channel tactics and propelling business expansion._x000D_
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What Are the Main Segments in the Independent Software Vendors Market?_x000D_
The independent software vendorsmarket covered in this report is segmented - _x000D_
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1) By Type: Cloud, On-Premise_x000D_
2) By Enterprises Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises_x000D_
3) By End-User Industry: Healthcare, Financial Services, Manufacturing, Retail, Information Technology, Government, Education, Other End-User Industry_x000D_
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Subsegments:_x000D_
1) By Cloud: Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Cloud-Based Enterprise Resource Planning (ERP) Software, Cloud-Based Customer Relationship Management (CRM) Software, Cloud-Based Data Analytics & Business Intelligence Tools_x000D_
2) By On-Premise: On-Premise Enterprise Resource Planning (ERP) Software, On-Premise Customer Relationship Management (CRM) Software, On-Premise Database Management Software, On-Premise Security Software, On-Premise Business Intelligence & Analytics Tools, On-Premise Human Resource Management Systems (HRMS)_x000D_
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Which Top Companies are Driving Growth in the Independent Software Vendors Market?_x000D_
Major companies operating in the independent software vendors market are Alphabet Inc., Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Hewlett Packard Enterprise Development LP, Salesforce.com Inc., Adobe Inc., ADP LLC, VMware Inc., Intuit Inc., Wipro Limited, ServiceNow Inc., Autodesk Inc., Twilio Inc., DocuSign Inc., Allscripts Healthcare Solutions Inc., CrowdStrike Holdings Inc., Virtusa Corporation, Magic Software Enterprises, ASG Technologies, Kellton Tech _x000D_
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Which Regions Will Dominate the Independent Software Vendors Market Through 2029?_x000D_
North America was the largest region in the independent software vendors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market going forward. The regions covered in the independent software vendors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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