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Software Market to grow by USD 250.35 bn | Increase in the Volume of Enterprise Data to Drive Growth | Technavio
[November 24, 2021]

Software Market to grow by USD 250.35 bn | Increase in the Volume of Enterprise Data to Drive Growth | Technavio


NEW YORK, Nov. 24, 2021 /PRNewswire/ -- The software market is expected to grow by USD 250.35 bn from 2020 to 2025. Technavio's latest market research report estimates that the software market will decelerate at a CAGR of 7.17%. Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment. 

View Free Sample Report to explore growth opportunities in the software market

The software market is fragmented, and the degree of fragmentation will decelerate during the forecast period. To make use of current opportunities, market vendors must strengthen their position in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report covers the following areas:

Software Market 2021-2025: Segmentation

  • Type
    • Enterprise Software
    • Application Development Software
    • System Infrastructure Software
    • Productivity Software
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

For more insights on the impact of each segment, View Our Free Sample Report

Software Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the software market include Adobe Inc., Broadcom Inc., Dell Technologies Inc., HP Inc., Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, and VMware Inc.

The increase in the volume of enterprise data, growing automation of business processes, and growing digitization will offer immense growth opportunities. However, factors such as high costs of licensing and support may impede the growth of the market.

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Software Market 2021-2025: Key Highlights
Technavio offers a thorough analysis of the geographical composition of the market. Based on geography, the software market has been segmented into five regions, namely North America, Europe, APAC, South America, and MEA. According to our research, 33% of the market's growth is expected to originate from North America during the forecast period. The US is the key country for the software market in the region. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Growing automation of business processes will drive the software market growth in North America.

Software Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will support software market growth during the next five years
  • Estimation of the software market size and its contribution to the parent market
  • Forecast on upcoming trends and changes in consumer behavior
  • The growth of the software market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of software market vendors

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  • Point of Sale Software Market: The point of sale software market has been segmented by end-user (retail and hospitality) and geography (APAC, North America, Europe, South America, and MEA). Download Free Sample Report
  • Team Collaboration Software Market: The team collaboration software market has been segmented by end-user (IT and telecommunications, BFSI, retail, healthcare, and others), deployment (cloud-based and on-premise), and geography (North America, APAC, Europe, South America, and MEA). Download Free Sample Report




Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 7.17%

Market growth 2021-2025

USD 250.35 billion

Market structure

Fragmented

YoY growth (%)

8.28

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 33%

Key consumer countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Adobe Inc., Broadcom Inc., Dell Technologies Inc., HP Inc., Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, and VMware Inc.

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.


Download Free Sample Report Now for additional highlights on the software market

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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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SOURCE Technavio


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