Business Software Services Market 2025-2029
The business software services market is forecasted to grow by USD 199.3 bn during 2024-2029, accelerating at a CAGR of 12.2% during the forecast period. The report on the business software services 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 increasing demand for cloud-based business software, increase in it consolidation and modernization, and growing focus on improving business efficiency.
Technavio's business software services market is segmented as below:
By Deployment
By End-user
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the integration of artificial intelligence (AI) into business application software as one of the prime reasons driving the business software services market growth during the next few years. Also, growing focus on new product launches by market vendors and growing number of acquisitions and partnerships will lead to sizable demand in the market.
The report on the business software services market covers the following areas:
- Business Software Services Market sizing
- Business Software Services Market forecast
- Business Software Services Market industry analysis
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 business software services market vendors that include Accenture PLC, Acumatica Inc., Binmile Technologies Pvt. Ltd., Comarch SA, Condeco Group Ltd., Epicor Software Corp., IBS Software Pvt. Ltd., International Business Machines Corp., Johnson Controls International Plc, Microsoft Corp., Oracle Corp, Orient Software Development Corp., OverIT Spa, Planon Group, PTC Inc., Sage Group Plc, Salesforce Inc., SAP SE, SLK Software, and Yardi Systems Inc.. Also, the business software services 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 primary and secondary research. 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 accurate market growth.