PUBLISHER: TechNavio | PRODUCT CODE: 1558610
PUBLISHER: TechNavio | PRODUCT CODE: 1558610
The IT software market is forecasted to grow by USD 320.5 bn during 2023-2028, accelerating at a CAGR of 7.28% during the forecast period. The report on the IT software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expansion of IT infrastructure, increasing adoption of remote work and need for team collaboration, and effective organizational change management.
Technavio's IT software market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 7.08% |
CAGR | 7.28% |
Incremental Value | $320.5 bn |
By Type
By End-user
By Geographical Landscape
This study identifies the increasing focus of vendors on development of new software solutions as one of the prime reasons driving the IT software market growth during the next few years. Also, growing shift towards cloud-based software solutions and expanding focus of vendors on strategic partnerships will lead to sizable demand in the market.
The report on the it software market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IT software market vendors that include Alphabet Inc., Amazon.com Inc., Atlassian Corp. PLC, Broadcom Inc., Cisco Systems Inc., Freshworks Inc., International Business Machines Corp., ITarian LLC, Kaseya Ltd., Microsoft Corp., NinjaOne, Nutanix Inc., Open Text Corp., Oracle Corp., Red Hat Inc., Salesforce Inc., SAP SE, SAS Institute Inc., ServiceNow Inc., SolarWinds Corp., SysAid Technologies Ltd, and Zoho Corp. Pvt. Ltd.. Also, the IT software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Exhibits: