Business Software And Services Market Size, Share & Trends Report

Business Software And Services Market Size, Share & Trends Analysis Report By Software, By Service, By Deployment (Cloud, On-premise), By End Use, By Enterprise Size, By Region, And Segment Forecasts 2023 - 2030

  • Report ID: GVR-3-68038-149-8
  • Number of Pages: 161
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Technology

Market Segmentation

  • Business Software Outlook (Revenue, USD Billion, 2018 - 2030)
    • Finance
    • Sales & Marketing
    • Human Resource
    • Supply Chain
    • Others
  • Business Service Outlook (Revenue, USD Billion, 2018 - 2030)
    • Consulting
    • Managed Services
    • Support & Maintenance
  • Business Software and Services Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
    • Cloud
    • On-premise
  • Business Software and Services Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)
    • Large Enterprises
    • Small & Medium Enterprises
  • Business Software and Services End-use Outlook (Revenue, USD Billion, 2018 - 2030)
    • Aerospace & Defense
    • BFSI
    • Government
    • Healthcare
    • IT & Telecom
    • Manufacturing
    • Retail
    • Transportation
    • Others
  • Business Software and Services Regional Outlook (Revenue, USD Billion, 2018 - 2030)
    • North America
      • North America Business Software and Services Market, By Software
        • Finance
        • Sales & Marketing
        • Human Resource
        • Supply Chain
        • Others
      • North America Business Software and Services Market, By Service
        • Consulting
        • Managed Services
        • Support & Maintenance
      • North America Business Software and Services Market, By Deployment
        • Cloud
        • On-premise
      • North America Business Software and Services Market, By Enterprise Size
        • Large Enterprises
        • Small & Medium Enterprises
      • North America Business Software and Services Market, By End Use
        • Aerospace & Defense
        • BFSI
        • Government
        • Healthcare
        • IT & Telecom
        • Manufacturing
        • Retail
        • Transportation
        • Others
      • U.S.
        • U.S. Business Software and Services Market, By Software
          • Finance
          • Sales & Marketing
          • Human Resource
          • Supply Chain
          • Others
        • U.S. Business Software and Services Market, By Service
          • Consulting
          • Managed Services
          • Support & Maintenance
        • U.S. Business Software and Services Market, By Deployment
          • Cloud
          • On-premise
        • U.S. Business Software and Services Market, By Enterprise Size
          • Large Enterprises
          • Small & Medium Enterprises
        • U.S. Business Software and Services Market, By End Use
          • Aerospace & Defense
          • BFSI
          • Government
          • Healthcare
          • IT & Telecom
          • Manufacturing
          • Retail
          • Transportation
          • Others
      • Canada
        • Canada Business Software and Services Market, By Software
          • Finance
          • Sales & Marketing
          • Human Resource
          • Supply Chain
          • Others
        • Canada Business Software and Services Market, By Service
          • Consulting
          • Managed Services
          • Support & Maintenance
        • Canada Business Software and Services Market, By Deployment
          • Cloud
          • On-premise
        • Canada Business Software and Services Market, By Enterprise Size
          • Large Enterprises
          • Small & Medium Enterprises
        • Canada Business Software and Services Market, By End Use
          • Aerospace & Defense
          • BFSI
          • Government
          • Healthcare
          • IT & Telecom
          • Manufacturing
          • Retail
          • Transportation
          • Others
    • Europe
      • Europe Business Software and Services Market, By Software
        • Finance
        • Sales & Marketing
        • Human Resource
        • Supply Chain
        • Others
      • Europe Business Software and Services Market, By Service
        • Consulting
        • Managed Services
        • Support & Maintenance
      • Europe Business Software and Services Market, By Deployment
        • Cloud
        • On-premise
      • Europe Business Software and Services Market, By Enterprise Size
        • Large Enterprises
        • Small & Medium Enterprises
      • Europe Business Software and Services Market, By End Use
        • Aerospace & Defense
        • BFSI
        • Government
        • Healthcare
        • IT & Telecom
        • Manufacturing
        • Retail
        • Transportation
        • Others
      • U.K.
        • U.K. Business Software and Services Market, By Software
          • Finance
          • Sales & Marketing
          • Human Resource
          • Supply Chain
          • Others
        • U.K. Business Software and Services Market, By Service
          • Consulting
          • Managed Services
          • Support & Maintenance
        • U.K. Business Software and Services Market, By Deployment
          • Cloud
          • On-premise
        • U.K. Business Software and Services Market, By Enterprise Size
          • Large Enterprises
          • Small & Medium Enterprises
        • U.K. Business Software and Services Market, By End Use
          • Aerospace & Defense
          • BFSI
          • Government
          • Healthcare
          • IT & Telecom
          • Manufacturing
          • Retail
          • Transportation
          • Others
      • Germany
        • Germany Business Software and Services Market, By Software
          • Finance
          • Sales & Marketing
          • Human Resource
          • Supply Chain
          • Others
        • Germany Business Software and Services Market, By Service
          • Consulting
          • Managed Services
          • Support & Maintenance
        • Germany Business Software and Services Market, By Deployment
          • Cloud
          • On-premise
        • Germany Business Software and Services Market, By Enterprise Size
          • Large Enterprises
          • Small & Medium Enterprises
        • Germany Business Software and Services Market, By End Use
          • Aerospace & Defense
          • BFSI
          • Government
          • Healthcare
          • IT & Telecom
          • Manufacturing
          • Retail
          • Transportation
          • Others
    • Asia Pacific
      • Asia Pacific Business Software and Services Market, By Software
        • Finance
        • Sales & Marketing
        • Human Resource
        • Supply Chain
        • Others
      • Asia Pacific Business Software and Services Market, By Service
        • Consulting
        • Managed Services
        • Support & Maintenance
      • Asia Pacific Business Software and Services Market, By Deployment
        • Cloud
        • On-premise
      • Asia Pacific Business Software and Services Market, By Enterprise Size
        • Large Enterprises
        • Small & Medium Enterprises
      • Asia Pacific Business Software and Services Market, By End Use
        • Aerospace & Defense
        • BFSI
        • Government
        • Healthcare
        • IT & Telecom
        • Manufacturing
        • Retail
        • Transportation
        • Others
      • Japan
        • Japan Business Software and Services Market, By Software
          • Finance
          • Sales & Marketing
          • Human Resource
          • Supply Chain
          • Others
        • Japan Business Software and Services Market, By Service
          • Consulting
          • Managed Services
          • Support & Maintenance
        • Japan Business Software and Services Market, By Deployment
          • Cloud
          • On-premise
        • Japan Business Software and Services Market, By Enterprise Size
          • Large Enterprises
          • Small & Medium Enterprises
        • Japan Business Software and Services Market, By End Use
          • Aerospace & Defense
          • BFSI
          • Government
          • Healthcare
          • IT & Telecom
          • Manufacturing
          • Retail
          • Transportation
          • Others
      • China
        • China Business Software and Services Market, By Software
          • Finance
          • Sales & Marketing
          • Human Resource
          • Supply Chain
          • Others
        • China Business Software and Services Market, By Service
          • Consulting
          • Managed Services
          • Support & Maintenance
        • China Business Software and Services Market, By Deployment
          • Cloud
          • On-premise
        • China Business Software and Services Market, By Enterprise Size
          • Large Enterprises
          • Small & Medium Enterprises
        • China Business Software and Services Market, By End Use
          • Aerospace & Defense
          • BFSI
          • Government
          • Healthcare
          • IT & Telecom
          • Manufacturing
          • Retail
          • Transportation
          • Others
      • India
        • India Business Software and Services Market, By Software
          • Finance
          • Sales & Marketing
          • Human Resource
          • Supply Chain
          • Others
        • India Business Software and Services Market, By Service
          • Consulting
          • Managed Services
          • Support & Maintenance
        • India Business Software and Services Market, By Deployment
          • Cloud
          • On-premise
        • India Business Software and Services Market, By Enterprise Size
          • Large Enterprises
          • Small & Medium Enterprises
        • India Business Software and Services Market, By End Use
          • Aerospace & Defense
          • BFSI
          • Government
          • Healthcare
          • IT & Telecom
          • Manufacturing
          • Retail
          • Transportation
          • Others
    • Latin America
      • Latin America Business Software and Services Market, By Software
        • Finance
        • Sales & Marketing
        • Human Resource
        • Supply Chain
        • Others
      • Latin America Business Software and Services Market, By Service
        • Consulting
        • Managed Services
        • Support & Maintenance
      • Latin America Business Software and Services Market, By Deployment
        • Cloud
        • On-premise
      • Latin America Business Software and Services Market, By Enterprise Size
        • Large Enterprises
        • Small & Medium Enterprises
      • Latin America Business Software and Services Market, By End Use
        • Aerospace & Defense
        • BFSI
        • Government
        • Healthcare
        • IT & Telecom
        • Manufacturing
        • Retail
        • Transportation
        • Others
      • Brazil
        • Brazil Business Software and Services Market, By Software
          • Finance
          • Sales & Marketing
          • Human Resource
          • Supply Chain
          • Others
        • Brazil Business Software and Services Market, By Service
          • Consulting
          • Managed Services
          • Support & Maintenance
        • Brazil Business Software and Services Market, By Deployment
          • Cloud
          • On-premise
        • Brazil Business Software and Services Market, By Enterprise Size
          • Large Enterprises
          • Small & Medium Enterprises
        • Brazil Business Software and Services Market, By End Use
          • Aerospace & Defense
          • BFSI
          • Government
          • Healthcare
          • IT & Telecom
          • Manufacturing
          • Retail
          • Transportation
          • Others
    • Middle East & Africa
      • Middle East & Africa Business Software and Services Market, By Software
        • Finance
        • Sales & Marketing
        • Human Resource
        • Supply Chain
        • Others
      • Middle East & Africa Business Software and Services Market, By Service
        • Consulting
        • Managed Services
        • Support & Maintenance
      • Middle East & Africa Business Software and Services Market, By Deployment
        • Cloud
        • On-premise
      • Middle East & Africa Business Software and Services Market, By Enterprise Size
        • Large Enterprises
        • Small & Medium Enterprises
      • Middle East & Africa Business Software and Services Market, By End Use
        • Aerospace & Defense
        • BFSI
        • Government
        • Healthcare
        • IT & Telecom
        • Manufacturing
        • Retail
        • Transportation
        • Others

Business Software And Services Market Dynamics

Driver: Growing need for operational efficiency and improved transparency in business operations

Business software and services are increasingly used in end-use industries as they help streamline business processes. Business software solutions help large enterprises accomplish their data security goals by leveraging and harnessing unstructured data using data analytics practices. In addition, the implementation of business software can lead to a substantial reduction in raw material and inventory costs, which can help businesses increase their profitability. Numerous businesses are turning to business software and services to increase operational efficiency by integrating various administrative systems into a single application. Business software modules link departmental information and data together with real-time updates. This also provides better transparency in business operations. Business software enables users to integrate different business areas and tasks within a single application. This allows managers to have access to a complete database of critical data, which covers invoices, client information, and orders. This software is widely adopted as the information is accurately stored and will not get lost across other spreadsheets and applications. Numerous industries are constantly examining ways to maintain efficiency and cut operational costs. This is expected to drive the demand for business software and services over the forecast period

Driver: Increasing preference for cloud computing

Cloud computing is a technology in which a remote server and the internet are used to maintain data and various applications. Numerous businesses are shifting toward cloud computing owing to its benefits such as mobility, security, the reduced total cost of ownership, scalability, optimized business processes, and customization. The scalability of cloud computing allows businesses to modify their computing needs either by increasing or decreasing them based on market demand. This shift is creating growth opportunities for virtual teams and mobile executives. The versatility of the cloud means that employees can stay connected to businesses from anywhere and from any device. It also allows employees to collaborate with others more easily from other locations. The promise of data security is also encouraging many enterprises to shift their focus toward cloud computing; data stored on the cloud can be simply recovered on any device and removed from any stolen devices. Numerous organizations have implemented the public cloud as a cost-effective platform for hosting business applications and deploying and developing customer-facing solutions. Moreover, enterprises experiencing heavy traffic on their legacy application platforms and failing to timely scale resources to meet the increasing demand are shifting to cloud computing for better flexibility.

Restraint: High cost of licensing and support

The software licensing price is not entirely based on software development costs, but is largely influenced by market conditions at the time of purchase. Software vendors offer a variety of licensing types and deployment or pricing models. The types of licenses associated with most business software products, including user, network, enterprise, access, and volume, are important for setting the initial license cost. These also impact the total license cost over the lifespan of the product as it needs to be updated frequently. Deployment or pricing models, such as rental or subscription, are complex and range from operating pricing models to outright purchase capital models. In addition, high complexity and high maintenance cost further contribute to the maintenance and support cost of the software. Software license agreements are also highly complex, which eventually translates to a greater amount of time and money spent. The initial software maintenance and support cost only cover the standard software cost and any additional integration and customizations often attract extra maintenance and support costs. This is expected to act as a market restraint. Enterprises are also required to pay some recurring maintenance and support costs associated with tasks such as incremental updates to the software and some level of technical support. 

What Does This Report Include?

This section will provide insights into the contents included in this business software and services market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Business software and services market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Business software and services market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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