Asia Newsire: Press releases on Asia
(AsiaNewsWire.Net, July 08, 2021 )
The Global Independent Software Vendor Market growth will be driven by the aggregation of data. The increase in demand for value-added services expected to accelerate the growth in the market till 2027. Although, complex deployment will negatively influence the growth of global independent software vendor market over the forecast period. The Global Independent Software Vendor Market report published by expert analysts includes primary & secondary data and suggests that type and applications segments are anticipated to witness tremendous growth till 2027.
Global Independent Software Vendor Market was valued at USD 205.85million in 2020 which expected to reach USD 410.21million by 2027 at a CAGR 10.3% from 2020-2027.
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Various key players are listed in global independent software vendor market such as Cisco Systems, Microsoft Corporation, Novell, IBM Corporation, SAP, Compuware, Mocana, Apple, Odyssey Software, Double-Take Software, Yahoo, Oracle, Nutanix, Salesforce, RSA., etc.
• North America
• Latin America
• Asia Pacific
• Middle East & Africa
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Impact of COVID-19 on Market
The COVID-19 outbreak has brought all field services to a standstill with production lines & supply chain affected as a result. Independent software vendors need to combat against large conglomerates which have a steady supply of orders & large capital to stay afloat in the market. Initiatives taken by independent software vendors in the form of webinars & a forum for addressing COVID-19 grievances which can affect clients is a first step & can propel the market demand.
The Global Independent Software Vendor Market North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America region is anticipated to take the lead in overall independent software vendor market due to the abundance of independent software vendors & ease of business index in countries of the United States and Canada. The route to digital payments as well as virtualization of infrastructure are anticipated to be opportunities for the Independent Software Vendor Market to expand in this region. Further, the APAC region is touted to exhibit the fastest growing market due to the rapid strides by economies of India & China.
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