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SMB Software Market to grow at a CAGR of 7.42% by 2025|Growing Dependency for Financial Management to Boost Growth |17000+ Technavio Reports
NEW YORK, Nov. 5, 2021 /PRNewswire/ -- The SMB software market is set to grow by USD 52.01 billion, progressing at a CAGR of 7.42% from 2020 to 2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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SMB Software Market 2021-2025: Scope
The report also covers the following areas:
SMB Software Market 2021-2025: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To help businesses improve their market position, the SMB software market provides a detailed analysis of around 25 vendors operating in the market. Acumatica Inc., Cisco Systems Inc., Deltek Inc., Epicor Software Corp., Infor Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, and SYSPRO Pty. Ltd. are some of the major market participants.
SMB Software Market 2021-2025: Drivers & Challenges
The rapid rise in the volume of enterprise data and the automation of business processes across several industries, growing dependency for financial management, and the implementation of business automation services like BlockChain, Internet of Things, and cloud computing will offer immense growth opportunities for SMB Software Market. However, the lack of awareness will hamper the market growth. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
SMB Software Market 2021-2025: Key Regions
35% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for SMB software in North America. The growing dependency on financial management will facilitate the SMB software market growth in North America over the forecast period.
SMB Software Market 2021-2025: Segmentation
- Deployment
- Geography
- North America
- Europe
- APAC
- South America
- MEA
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SMB Software Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist SMB software market growth during the next five years
- Estimation of the SMB software market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the SMB software market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of SMB software market vendors
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SMB Software Market Scope
| Report Coverage
| Details
| Page number
| 120
| Base year
| 2020
| Forecast period
| 2021-2025
| Growth momentum & CAGR
| Accelerate at a CAGR of 7.42%
| Market growth 2021-2025
| USD 52.01 billion
| Market structure
| Fragmented
| YoY growth (%)
| 7.08
| Regional analysis
| North America, Europe, APAC, South America, and MEA
| Performing market contribution
| North America at 35%
| Key consumer countries
| US, Canada, UK, China, and Germany
| Competitive landscape
| Leading companies, competitive strategies, consumer engagement scope
| Companies profiled
| Acumatica Inc., Cisco Systems Inc., Deltek Inc., Epicor Software Corp., Infor Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, and SYSPRO Pty. Ltd.
| Market Dynamics
| Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
| Customization purview
| If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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