SMB Software Market 2024-2028
The SMB software market is forecasted to grow by USD 65.7 bn during 2023-2028, accelerating at a CAGR of 7.81% during the forecast period. The report on the SMB 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 increasing demand for cloud-based applications, growing need to enhance business efficiency, and increasingly encouraging remote working.
Technavio's SMB software market is segmented as below:
- By Deployment
- On premises
- Cloud
- By Application
- Media
- Telecommunication
- Consultants
- Law firms
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing mergers and acquisitions, partnerships, and collaborations as one of the prime reasons driving the SMB software market growth during the next few years. Also, integration of AI into SMB software and rising adoption of advanced technologies will lead to sizable demand in the market.
The report on the SMB software market covers the following areas:
- SMB software market sizing
- SMB software market forecast
- SMB software 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 SMB software market vendors that include Accenture PLC, Acumatica Inc., Alfresco Software Ltd., Cisco Systems Inc., Epicor Software Corp., IFS World Operations AB, Infor Inc., International Business Machines Corp., Microsoft Corp., Newgen Software Technologies Ltd., Open Text Corporation, Oracle Corp., Roper Technologies Inc., Sage Group PLC, SAP SE, SYSPRO Pty. Ltd., TOTVS S.A., Unit4 Group Holding B.V., Workday Inc., and Xero Ltd.. Also, the SMB 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 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.