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.
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 size
- Software Market trends
- Software Market industry analysis
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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Software Market Scope |
|
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 7.17% |
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Market growth 2021-2025 |
USD 250.35 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
8.28 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 33% |
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Key consumer countries |
US, UK, Germany, China, and Japan |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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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. |
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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 |
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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