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Independent Software Vendors (ISVs) Market size is set to grow by USD 2.05 trillion from 2024-2028, Rise in volume of enterprise data boost the market, Technavio

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NEW YORK, July 16, 2024 /PRNewswire/ — The global independent software vendors (ISVs) market size is estimated to grow by USD 2.05 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 14.73%  during the forecast period. Rise in volume of enterprise data is driving market growth, with a trend towards increasing adoption of cloud computing by end-users. However, high costs of licensing and support  poses a challenge. Key market players include Adobe Inc., Alphabet Inc., Autodesk Inc., Avgi Solutions Inc., Cisco Systems Inc., Dell Technologies Inc., HP Inc., International Business Machines Corp., Intuit Inc., Magic Software Enterprises Ltd., Microsoft Corp., Mocana Corp., Nutanix Inc., Open Text Corp., Oracle Corp., Salesforce Inc., SAP SE, ServiceNow Inc., Virtusa Corp., and VMware Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Independent Software Vendors (ISVs) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 14.73%

Market growth 2024-2028

USD 2058.15 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.82

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, China, Japan, UK, and Germany

Key companies profiled

Adobe Inc., Alphabet Inc., Autodesk Inc., Avgi Solutions Inc., Cisco Systems Inc., Dell Technologies Inc., HP Inc., International Business Machines Corp., Intuit Inc., Magic Software Enterprises Ltd., Microsoft Corp., Mocana Corp., Nutanix Inc., Open Text Corp., Oracle Corp., Salesforce Inc., SAP SE, ServiceNow Inc., Virtusa Corp., and VMware Inc.

 

Market Driver

Cloud-based software solutions have gained significant traction among agencies, corporations, and governments due to their flexibility and scalability. These solutions are utilized for various applications, including authentication processes, video management, biometric information storage, and big data computing. The proliferation of IoT-connected devices has led to an enormous data generation. Industries such as manufacturing, utilities, retail, automotive, and social media leverage IoT for increased data transfer. The growing number of IoT-enabled devices necessitates the adoption of cloud-based solutions. Moreover, the commercial deployment of 5G is anticipated to fuel the expansion of the global Independent Software Vendors (ISVs) market by the end of the forecast period. 

Independent Software Vendors (ISVs) continue to play a significant role in the business world, particularly in creating innovative software solutions for various industries. IoT applications and AI integration are current trends, with ISVs developing new tools for industries like retail & e-commerce, logistics, finance, education, healthcare, and IT & telecom. Data security and privacy concerns remain top priorities, with ISVs providing solutions for businesses using Cloud Technologies like IaaS, PaaS, and SaaS. Salesforce Industries and large technology companies are major players, while startups and multinational corporations also rely on ISVs for software products, standalone applications, web-based services, and productivity tools. Latest technologies such as mobile apps, artificial intelligence, data analytics, and user experience are key areas of focus. Hardware manufacturers also partner with ISVs for software solutions, and enterprise applications, industry-specific software, and integration and interoperability are essential for businesses. Technical support, training, and business continuity are crucial services offered by ISVs. Overall, ISVs help businesses address specific business problems and leverage the latest technologies to stay competitive. 

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Market Challenges

Independent Software Vendors (ISVs) have evolved from service providers to a product-focused industry, now transitioning into a hybrid of both. Traditional licensing models like single-user and concurrent-user have given way to usage-based and perpetual licensing. While perpetual licensing remains popular, usage-based licensing is on the rise. This shift brings both opportunities and challenges. Usage-based licensing can offer more flexibility for customers, but it also means fewer upfront revenues for ISVs. Perpetual licensing, with its high upfront costs, may deter some buyers. The ISV market is expected to face increased pressure on pricing due to these changes.Independent Software Vendors (ISVs) face various challenges in today’s market. IoT applications require specialized knowledge and resources, making development and integration complex. AI integration is crucial for staying competitive, but ensuring data security and privacy is a major concern. Salesforce Industries and other large technology companies offer lucrative opportunities, but ISVs must adapt to cloud technologies like IaaS, PaaS, and SaaS. E-commerce, logistics, retail & e-commerce, IT & telecom, automotive, finance, education, and other industries demand software solutions for specific business problems. ISVs must support various programming languages and platforms, providing technical support and training for businesses. On-premises software is giving way to cloud computing, with mobile apps and latest technologies like AI, data analytics, and UX leading the way. Hardware manufacturers and multinational corporations seek software solutions for enterprise applications and industry-specific software. Startups and small businesses also present opportunities, but competition is fierce. ISVs must navigate integration and interoperability challenges, ensuring their solutions work seamlessly with other technologies and platforms. Overall, the ISV market is dynamic and demanding, requiring agility, innovation, and a deep understanding of business needs.

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Segment Overview 

This independent software vendors (isvs) market report extensively covers market segmentation by  

Deployment 1.1 On-premises1.2 Cloud basedComponent 2.1 Software2.2 ServicesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 On-premises-  Independent Software Vendors (ISVs) often choose to deploy their software through the on-premises model. On-premises software refers to locally hosted solutions within organizations, utilizing their computer systems. ISVs charge a one-time license fee for this software, providing organizations with data security and local ownership. Additionally, on-premises software offers the advantage of customizable open-source features, allowing organizations to tailor the program to their unique requirements. Despite the high hardware costs and maintenance needs, large organizations with sensitive data continue to prefer on-premises software due to enhanced security concerns. This preference is projected to fuel the expansion of the on-premises segment within the global ISVs market throughout the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

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Research Analysis

The Independent Software Vendors (ISV) market encompasses a vast array of businesses developing and selling software solutions to address specific business problems across various industries. These solutions range from enterprise applications and industry-specific software to productivity tools and web-based services. ISVs cater to businesses of all sizes, from startups to multinational corporations, providing them with innovative software solutions to enhance their operations and productivity. Technologies and platforms, such as cloud computing, Artificial Intelligence (AI), IaaS, PaaS, and SaaS, are driving the growth of the ISV market. Cloud Technologies, in particular, are enabling ISVs to offer flexible and scalable software solutions to businesses, while AI is enabling the development of intelligent applications for industries like finance, education, retail & e-commerce, IT & telecom, automotive, and logistics. ISVs offer technical support, training, and consulting services to help businesses effectively implement and utilize their software solutions. Programming languages and platforms are essential tools for ISVs to develop and build software solutions, while e-commerce and software-as-a-service models provide new revenue streams and business opportunities. In summary, the ISV market is a dynamic and innovative space, offering businesses software solutions to address their unique challenges and drive growth and productivity. From enterprise applications to productivity tools, ISVs are leveraging the latest technologies and platforms to deliver cutting-edge software solutions to businesses across industries.

Market Research Overview

The Independent Software Vendors (ISV) market encompasses a vast array of businesses that develop and distribute software solutions to address specific business problems across various industries. These solutions range from enterprise applications and industry-specific software to productivity tools and mobile applications. ISVs leverage the latest technologies and platforms, such as cloud computing, artificial intelligence (AI), data analytics, and the Internet of Things (IoT), to create innovative and efficient software products. ISVs cater to businesses of all sizes, from startups to multinational corporations, and offer a diverse range of software solutions. These include standalone applications, web-based services, and Software-as-a-Service (SaaS) offerings. ISVs in the healthcare sector focus on improving patient care and outcomes, while those in finance aim to streamline financial operations. Education ISVs provide tools to enhance learning experiences, and those in IT & telecom offer solutions to optimize network performance. ISVs face challenges such as integration and interoperability, data security, and privacy concerns. They also need to stay updated with the latest technologies and trends to remain competitive. Technical support and training are essential for ISVs to ensure customer satisfaction and retention. Overall, the ISV market is a dynamic and innovative space that continues to evolve with the needs of businesses and consumers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premisesCloud BasedComponentSoftwareServicesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Changan LCV Unveils New Brand Strategy, Paving the Way for a New Era of Digital Intelligent New Energy Commercial Vehicle Technology

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November 17, 2024

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GUANGZHOU, China, Nov. 17, 2024 /PRNewswire/ — On November 15, Changan LCV held its brand strategy launch event, accelerating its transformation into a digital intelligent new energy commercial vehicle technology brand, aiming to become a world-class vehicle brand.

At the event, Changan LCV unveiled its first native digital intelligent new energy commercial vehicle architecture—K01  which leverages technological advantages such as ” Up-down decoupling, software and hardware separation, creating vehicle-cloud integration,” offering users three new key benefits: “smart technology, ultimate efficiency, and fast service.”

Compared to traditional architectures, the K01 platform shortens the vehicle development cycle by one year, reduces energy costs by 80%, and lowers operational costs. The platform increases vehicle production efficiency by 30%, while the low-floor design and compact layout maximize cargo volume. The “Golden Shield” battery can be fast-charged in 15 minutes to provide a range of over 200 kilometers. Its modular design is flexible and customizable, with a skateboard chassis that can accommodate various vehicle types, including light passenger car, trucks, and pickups. The K01 platform is open to the industry, promoting collaborative development and mutually beneficial opportunities for the entire value chain.

Looking to the future, Changan LCV aims to lead China’s commercial vehicle market and become a global top-five player by 2030, collaborating with users to drive the future for the ” digital intelligent new energy commercial vehicle technology brand.”

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/changan-lcv-unveils-new-brand-strategy-paving-the-way-for-a-new-era-of-digital-intelligent-new-energy-commercial-vehicle-technology-302306911.html

SOURCE Changan LCV

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CGTN: Starting a new era in Asia-Pacific development amid global uncertainty

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9 hours ago

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November 17, 2024

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BEIJING, Nov. 16, 2024 /CNW/ — Over the decades, the Asia-Pacific region has been a vital driver of global economic growth. In October, the International Monetary Fund predicted the region would contribute approximately 60 percent to global economic growth in 2024.

At the same time, Asia-Pacific cooperation is confronted with challenges such as rising tendencies of geopolitics, unilateralism and protectionism. In this regard, Chinese President Xi Jinping on Saturday called on leaders of Asia-Pacific Economic Cooperation (APEC) members to shoulder greater responsibilities.

“We must act in solidarity and cooperation to meet the challenges, fully deliver on the Putrajaya Vision 2040, build an Asia-Pacific community with a shared future, and start a new era in Asia-Pacific development,” said Xi, when attending the 31st APEC Economic Leaders’ Meeting in Peru’s capital Lima.

China’s proposal

To deepen Asia-Pacific cooperation, the Chinese president on Saturday made three proposals.

Firstly, Xi stressed the need to build an open and interconnected paradigm for Asia-Pacific cooperation, calling for staying committed to multilateralism and an open economy.

China has made great efforts towards an open Asia-Pacific economy. According to the Chinese Foreign Ministry, China is the largest trading partner of 13 APEC economies and has actively advanced the building of the China-ASEAN Free Trade Area, promoted high-quality implementation of the Regional Comprehensive Economic Partnership (RCEP), and applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement.

Secondly, Xi emphasized the need to make green innovation a catalyst for the Asia-Pacific, saying APEC economies should push forward coordinated digital and green transformation and development to create new momentum and new drivers for Asia-Pacific development.

China is developing new quality productive forces in light of actual conditions and deepening cooperation with interested parties on green innovation. Xi announced on Saturday that China will launch a Global Cross-Border Data Flow Cooperation Initiative.

China has put forward initiatives for cooperation between APEC member economies in green agriculture, sustainable city development, green and low-carbon energy transition, and marine pollution control and prevention.

The Chinese president also urged efforts to uphold a universally beneficial and inclusive vision for Asia-Pacific development. The data unveiled by the Chinese Foreign Ministry showed China contributes 64.2 percent of the region’s economic growth, 37.6 percent of the growth in goods trade, and 44.6 percent of the growth in services trade.

Xi told APEC leaders that China will advance initiatives through the APEC platform on increasing residents’ income and promoting the industrial cluster development of small- and medium-sized enterprises, for the purpose of bringing about universally beneficial and inclusive development of Asia-Pacific economies.

China’s commitments

China will host the APEC Economic Leaders’ Meeting in 2026, Xi announced on Saturday, saying China welcomes all parties to continue riding the “express train” of its development and grow together with the Chinese economy.

The Chinese president reiterated China’s commitments to reform and opening up. “Reform and opening up is a historic process in which China and the world achieve development and progress together,” he said.

The 20th Central Committee of the Communist Party of China, at its third plenum in July, laid out systematic plans for further deepening reform across the board with more than 300 consequential reform measures being unveiled, pertaining to building a high-standard socialist market economy, advancing high-quality economic development, promoting high-standard opening up, improving the people’s quality of life, and building a beautiful country.

In his written speech at the APEC CEO Summit on Friday, Xi also said China will introduce more policies for voluntary and unilateral opening up, expand its globally-oriented network of high-standard free trade areas, and open its door even wider to the world.

https://news.cgtn.com/news/2024-11-17/Starting-a-new-era-in-Asia-Pacific-development-amid-global-uncertainty-1yAvmNr7lYc/p.html 

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SOURCE CGTN

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Technology

CGTN: How does Chancay Port light up Asia-Pacific cooperation?

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9 hours ago

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November 17, 2024

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BEIJING, Nov. 16, 2024 /CNW/ — From the arrival of the first ship at Chancay Port to its official inauguration, the port has gained global attention in recent days, boosting confidence in the prospects of more open and inclusive Asia-Pacific economic development.

The port, a cooperative project between Peru and China under the Belt and Road Initiative (BRI), will reduce sea shipping time from Peru to China to 23 days, cutting logistics costs by at least 20 percent. It is expected to generate $4.5 billion in annual revenue for Peru and create over 8,000 direct jobs. The port, capable of accommodating ultra-large container ships with a capacity of 18,000 twenty-foot equivalent units (TEUs), has a designed annual throughput capacity of 1 million TEUs in the near term and 1.5 million TEUs in the long term, positioning it as a key hub for trade between Latin America and Asia.

Noting that the port connects Chancay and Shanghai, Chinese President Xi Jinping remarked that “what we are witnessing is not only the root and blossom of the BRI in Peru but also the birth of a new gateway that connects land and sea, Asia and Latin America” during his address via video link at the port’s inauguration ceremony.

Peruvian officials: ‘More job opportunities and economic growth’ brought to Peru

Senior Peruvian officials and ordinary citizens have said they are looking forward to benefiting from the first smart and green port in South America.

Prime Minister of Peru Gustavo Adrianzen said that cooperation between China and Peru, including the Chancay Port project and other fields, will bring more job opportunities and economic growth to Peru, improving people’s living standards.

Jose Tam, president of the Chinese-Peruvian Chamber of Commerce, talked about the significance of Peru’s Chancay megaport with CGTN, saying the port will be an “engine” for the local economy.

Juan Carlos Capunay, former executive director of the APEC Secretariat and former Peruvian ambassador to China, also stated that the port will play an important role in deepening bilateral relations and fostering practical cooperation between China and Peru.

Entrepreneur Cielo Augusto from Chancay said he is looking forward to building the first levels of business while noting that industries such as hospitality will also be boosted, as there will be a significant influx of people from abroad.

“The port will save time, increase efficiency and bring new opportunities to Peru,” Karla Santuyomarca, a Peruvian citizen, told CGTN.

Some 78.3 percent of respondents to a CGTN survey of Peruvians said they support their country’s participation in the BRI, which includes Chancay Port. Additionally, 93.6 percent of respondents expressed support for deepening practical cooperation in various fields between China, Peru and other Latin American countries.

Open, interconnected Asia-Pacific cooperation

With its official opening on Thursday, Chancay Port is expected to integrate the entire Latin American region into the dynamic economic framework of the Asia-Pacific, greatly enhancing connectivity within and beyond the continent.

Peruvian Foreign Minister Elmer Schialer Salcedo said, “The Pacific Ocean does not separate us, but it connects us,” adding that Chancay Port will halve the time and costs of connecting South America with Asia.

Carlos Aquino Aquino Rodriguez, professor of Asian economies at San Marcos National University, said the port is crucial to the economic development and connectivity of the Asia-Pacific and can also promote mutual benefits for raw material buyers, suppliers of manufactured goods and investors.

In a CGTN global poll on Asia-Pacific cooperation, 93.7 percent of respondents called on all parties in the region to forge consensus and build an Asia-Pacific community with a shared future featuring openness and inclusiveness, innovative growth, connectivity and win-win cooperation.

https://news.cgtn.com/news/2024-11-17/How-does-Chancay-Port-light-up-Asia-Pacific-cooperation–1yAAAYcaP28/p.html

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SOURCE CGTN

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