The global business software and services market is anticipated to grow at a significant CAGR during the forecast period (2021-2027).
The market is set to display impressive growth during the forecast period. Some key trends reported in the market include the rise in deployment of enterprise software to reduce inventory cost and increase in adoption of business process automation across sectors including retail, manufacturing, healthcare, and IT and telecom.
On the other hand, COVID-19 had a positive impact on the business software and services market owing to the normalization of work-from-home amid the global lockdown situation. Remote working has increased the demand for software and services across industry verticals for reducing security risks.
The global business software and services market is segmented based on software, services, deployment model, size, and end-user. Based on software, the market is segmented into finance, human resource, sales and marketing, and supply chain. Based on service, the market is segmented into consultancy service, maintenance & operation service, and managed service. Based on the deployment model, the market is segmented into on-premise and cloud.
Based on the deployment model, cloud-based business software and services solutions are anticipated to hold a considerable share during the forecast period. The growing adoption of cloud-based solutions owing to their offered advantages is a key factor driving the growth of the cloud deployment model. Based on the size, the market is segmented into small and medium enterprises, and large enterprises. Based on end-user, the market is segmented into aerospace and defense, BFSI, government, healthcare, IT and telecom, manufacturing, retail, and others.
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to exhibit potential growth in the market. The market growth is attributed to the significant adoption of business software and services in economies such as the US and Canada. Further, the increase in demand for high-speed data networks and the presence of software companies in the region are driving the growth of the North American market.
- Acumatica, Inc.
- Dassault Systemes SE
- Deltek, Inc.
- Epicor Software Corp.
- Infor Inc.
- MicroStrategy Inc.
- NetSuite Inc.
- Oracle Corp.
- Qlik Technologies, Inc.
- Salesforce.com, Inc.
- SAS Institute, Inc.
- Tableau Software, Inc.
- TIBCO Software Inc.
- Totvs SA
- Unit4 N.V.
The Report Covers
Comprehensive Research Methodology of the global business software and services market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Global business software and services market.
Insights about market determinants that are stimulating the Global business software and services market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
Key Topics Covered:
- Report Summary
- Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
- Competitive Landscape
3.1. Key Company Analysis
3.1.1. SAP SE
184.108.40.206. Financial Analysis
220.127.116.11. SWOT Analysis
18.104.22.168. Recent Developments
3.1.2. Microsoft Corp.
22.214.171.124. Financial Analysis
126.96.36.199. SWOT Analysis
3.1.3. IBM Corp.
188.8.131.52. Financial Analysis
184.108.40.206. SWOT Analysis
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
- Market Determinants
- Market Segmentation
5.1. Global Business Software and Services Market by Software
5.1.2. Human Resource
5.1.3. Sales and Marketing
5.1.4. Supply Chain
5.2. Global Business Software and Services Market by Services
5.2.2. Support and Maintenance
5.2.3. Managed Services
5.3. Global Business Software and Services Market by Deployment
5.4. Global Business Software and Services Market by Size
5.4.1. Small and medium enterprises
5.4.2. Large enterprises.
5.5. Global Business Software and Services Market by End-User Industry
5.5.1. Aerospace and Defense
5.5.5. IT and Telecom
This article was originally published on businesswire.