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Software Market to Reach USD 1,489.02 Billion by 2030, Growing at 12.2% CAGR - Software Market Forecast

Software Market

Software Market

According to a new report by Maximize Market Research, the global software market was valued at USD 665.20 Billion in 2023 and is projected to reach USD 1,489.02 Billion by 2030, growing at a CAGR of 12.2%. The market's expansion is fueled by increasing digitalization in businesses, adoption of cloud computing, and the rising demand for AI-driven software solutions worldwide. The global software market is projected to nearly double by 2030, driven by rising digitalization and cloud computing adoption across industries

► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/215747/

♦ Key HighlightsaMarket Size:

Global Software Market size: USD 665.20 Billion in 2023; CAGR 12.2% (2024-2030)

Leading application: Business Intelligence (BI) and data analytics platforms

Largest regional market: North America

Key drivers: Digital transformation, cloud computing, low-code/no-code adoption, and remote work solutions

Top companies: IBM, Microsoft, Oracle, Norton LifeLock

♦ Market Outlook

The software industry encompasses development, maintenance, and distribution of on-site and cloud-based solutions, including SaaS, PaaS, IaaS, and MSaaS. Enterprises are investing heavily in AI, machine learning, and business intelligence tools to enhance operational efficiency and decision-making. The market is highly fragmented with intense competition, fueled by innovative startups and acquisitions.

► Get access to the full description of the report @https://www.maximizemarketresearch.com/market-report/software-market/215747/

♦ Regional Insights

North America leads the global software market due to strong IT infrastructure, high technology adoption, and presence of major market players. Europe and the Asia Pacific are witnessing rapid growth, driven by increasing cloud adoption and enterprise digitalization efforts.

♦ Key Players & Competitive Landscape

Major software providers such as IBM, Microsoft, Oracle, and Norton LifeLock are driving market expansion through mergers, acquisitions, and the launch of innovative cloud-based platforms. Emerging startups are also contributing by offering niche software solutions tailored for specific industries.

♦ Quote

"Growing demand for cloud solutions and AI-driven analytics is transforming the software market landscape," said Priya Sharma, Senior Analyst at Maximize Market Research. "Businesses are increasingly relying on software to optimize processes, enhance customer experiences, and remain competitive globally."

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Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2
Pune Bangalore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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