Independent Software Vendor (ISV)Independent Software Vendor (ISV)
The "Global Independent Software Vendors (ISVs) Market Analysis to 2027" is a specialized and in-depth study of the independent software vendors (ISVs) market with a special focus on the global market trend analysis. The report aims to provide an overview of independent software vendors (ISVs) market with detailed market segmentation by deployment type, industry, and geography. The global independent software vendors (ISVs) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading independent software vendors (ISVs) market players and offers key trends and opportunities in the independent software vendors (ISVs) market.
An independent software vendor (ISV) defines as individuals and organizations that develop, market, and offer software that runs on third-party software and hardware platforms. With the arrival of digital disruption, businesses are raising their focus on process innovation in order to deploy an enriched end-user experience. Various companies in the ISV market are highly investing in product architectures, which are fail-proof, scalable, and cost-effective. Further, the high adoption of cloud-based solutions by several applications, such as healthcare and financial services and has driven the growth of the market.
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The acceleration of modernizations in the healthcare sector is driving the growth of the independent software vendors (ISVs) market. However, protecting valuable customer data in cloud environments may restrain the growth of the independent software vendors (ISVs) market. Furthermore, the growing number of companies, which are looking for flexible, cost-effective, and strong solutions, is anticipated to witness massive demand during the forecast period.
The global independent software vendors (ISVs) market is segmented on the basis of deployment type and industry. On the basis of deployment type, the market is segmented cloud and on-premise. On the basis of industry, the market is segmented as BFSI, healthcare, government, IT and telecom, retail, and others.
The Prominent Players of Independent Software Vendors Market : Apple,
Avgi Solutions, Cisco Systems, Google, HP Development Company, IBM, Microsoft, Oracle, Red Hat, Virtusa
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The global vendor management software market accounted for US$ 4,389.2 Mn in 2018 and is expected to grow at a CAGR of 12.4% over the forecast period 2019-2027, to account for US$ 12,295.8 Mn in 2027. During the forecast period of 2019 to 2027, the positive growth outlook towards the continuous growth in the IT development is expected to drive the vendor management software worldwide. However, the challenges related to data privacy of vendor management solutions may restrain the future growth of the vendor management software market.
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