The Global Independent Software Vendor Market is valued at approximately USD 432.21 Million in 2023 and is anticipated to grow with a healthy growth rate of more than 23.52% over the forecast period 2024-2032. An independent software vendor (ISV) is a business or individual that builds, develops, and sells enterprise or consumer software to its end users. These software products run on more than one operating system (OS) or computer hardware platforms. Even though ISV-provided software is consumed by end users, it is considered the property of the vendors. Increased demand for value-added services and OEM support for ISVs solution development and management are some of the factors responsible for the market's growth during the forecast period.
The rise of the mobile workforce raises the demand for collaboration tools, mobile apps, and remote access solutions, providing substantial growth prospects for ISVs that build appropriate software. Additionally, the introduction of cloud technologies constituted an important turning point in software development history. Cloud computing refers to the supply of various computing services such as servers, storage, databases, networking, analytics, and more that are all accessible via the internet, indicating a paradigm shift in how technology resources are accessed and utilized. This transition from on-premises infrastructure to cloud-based services resulted in several revolutionary shifts. Cloud platforms such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud provided scalable architecture that allowed developers to simply add resources as needed. This avoided the need for upfront hardware investments and allowed the flexibility to scale up or down dependent on demand.
The key regions considered for the global Independent Software Vendor Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. In 2023, North America dominate the market in terms of revenue and expected to grow at a fastest CAGR during the forecast period 2024-2032. North America consists of countries such as the US, and Canada These countries have a large number of ISV providers. For instance, in the US, some of the key ISVs are Ipswitch, Salesforce.com, Intuit Inc., Alpha Software. In Canada, some of the key ISVs include Endeavour, CRG Solutions, and MediaValet Inc. All these ISVs compete based on value-added features and services that they offer. Thus, these factor help in driving growth across the market during the forecast period.
Major market players included in this report are:
- IBM
- Microsoft
- SAP SE
- Salesforce
- Oracle
- Google, Inc.
- Apple Inc.
- Dell. Inc
- HPE
- Compuware(BMC)
- ServiceNow
- Symantec Corporation (Broadcom)
- Cisco Systems, Inc.
- Carbonite, Inc. (OPENTEXT)
- Mocana
The detailed segments and sub-segment of the market are explained below:
By Type:
By Application:
- E-Commerce
- Logistics
- Retail
- Healthcare
- Financial
- Educational
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Independent Software Vendor Market Executive Summary
- 1.1. Global Independent Software Vendor Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Independent Software Vendor Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Independent Software Vendor Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Demand for Value-Added Services
- 3.1.2. OEM Support for ISVs Solution Development
- 3.1.3. Rise of Mobile Workforce
- 3.2. Market Challenges
- 3.2.1. High Competition in Software Industry
- 3.2.2. Security Concerns with Cloud Solutions
- 3.3. Market Opportunities
- 3.3.1. Rising Demand for Cloud-Based Solutions
- 3.3.2. Growing Adoption of SaaS, IaaS, and PaaS
Chapter 4. Global Independent Software Vendor Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Independent Software Vendor Market Size & Forecasts by Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Independent Software Vendor Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Cloud-based
- 5.2.2. On-premises
Chapter 6. Global Independent Software Vendor Market Size & Forecasts by Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Independent Software Vendor Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. E-Commerce
- 6.2.2. Logistics
- 6.2.3. Retail
- 6.2.4. Healthcare
- 6.2.5. Financial
- 6.2.6. Educational
- 6.2.7. Others
Chapter 7. Global Independent Software Vendor Market Size & Forecasts by Region 2022-2032
- 7.1. North America Independent Software Vendor Market
- 7.1.1. U.S. Independent Software Vendor Market
- 7.1.1.1. Type breakdown size & forecasts, 2022-2032
- 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Independent Software Vendor Market
- 7.2. Europe Independent Software Vendor Market
- 7.2.1. U.K. Independent Software Vendor Market
- 7.2.2. Germany Independent Software Vendor Market
- 7.2.3. France Independent Software Vendor Market
- 7.2.4. Spain Independent Software Vendor Market
- 7.2.5. Italy Independent Software Vendor Market
- 7.2.6. Rest of Europe Independent Software Vendor Market
- 7.3. Asia-Pacific Independent Software Vendor Market
- 7.3.1. China Independent Software Vendor Market
- 7.3.2. India Independent Software Vendor Market
- 7.3.3. Japan Independent Software Vendor Market
- 7.3.4. Australia Independent Software Vendor Market
- 7.3.5. South Korea Independent Software Vendor Market
- 7.3.6. Rest of Asia Pacific Independent Software Vendor Market
- 7.4. Latin America Independent Software Vendor Market
- 7.4.1. Brazil Independent Software Vendor Market
- 7.4.2. Mexico Independent Software Vendor Market
- 7.4.3. Rest of Latin America Independent Software Vendor Market
- 7.5. Middle East & Africa Independent Software Vendor Market
- 7.5.1. Saudi Arabia Independent Software Vendor Market
- 7.5.2. South Africa Independent Software Vendor Market
- 7.5.3. Rest of Middle East & Africa Independent Software Vendor Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. IBM
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Microsoft
- 8.3.3. SAP SE
- 8.3.4. Salesforce
- 8.3.5. Oracle
- 8.3.6. Google, Inc.
- 8.3.7. Apple Inc.
- 8.3.8. Dell. Inc
- 8.3.9. HPE
- 8.3.10. Compuware(BMC)
- 8.3.11. ServiceNow
- 8.3.12. Symantec Corporation (Broadcom)
- 8.3.13. Cisco Systems, Inc.
- 8.3.14. Carbonite, Inc. (OPENTEXT)
- 8.3.15. Mocana
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes