DUBLIN--(BUSINESS WIRE)--The "Software Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The global software products market is expected to grow from $930.93 billion in 2020 to $968.25 billion in 2021 at a compound annual growth rate (CAGR) of 4%. The market is expected to reach $1493.07 billion in 2025 at a CAGR of 11%.
Software Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global software products market as it emerges from the COVID-19 shut down.
Major companies in the software products market include Microsoft; HP Inc; Oracle; Dell Technologies and IBM.
The software products market consists of sales of software products by entities (organizations, sole traders and partnerships) that develop, market and distribute software products for commercial and personal use. Software products are usually sold in the form of licenses to use the software for a specified period or permanently. The license generally entitles the buyer to receive updates of the programs.
Companies in this industry create and distribute computer software by designing software, providing documentation, assisting in installation and providing support services to software purchasers. Some businesses design, develop and publish; others only publish. The software products market is segmented into operating systems & productivity software publishing; database, storage & backup software publishing; business analytics & enterprise software; video game software; and design, editing & rendering software.
Asia Pacific was the largest region in the global software products market, accounting for 41% of the market in 2020. North America was the second largest region accounting for 35% of the global software products market. Africa was the smallest region in the global software products market.
Top software vendors such as Oracle and SAP have been attempting to penetrate the middle market, to expand their client base and increase overall revenues. These companies have begun offering scaled-down, pre-configured versions of their applications. They are pursuing new distribution channels to sell and distribute their software products and are also acquiring mid-market software companies to increase their market shares and revenues.
The software products market is expected to be limited due to high competition in terms of pricing, product portfolio and other factors from market competitors and new entrants in the market, during the forecast period. Existing players in the market are offering wider range of products at competitive process to increase their customer base and boost revenues. A large number of start-up companies are also developing innovative products. As most of these start-ups are funded by venture capital companies, they have sufficient capital for research and development of new software products.
Furthermore, the increase in competitors in the market is likely to result in price-wars. This would affect the sales of companies, resulting in lower revenues and profit margins. These price-wars further affect the funding available for research and development projects, this limits the launch of new products, thereby having a negative impact on the market growth.
IoT technology adoption by manufacturing and transportation services companies is expected to drive the software products market in the forecast period. IoT is a network of physical objects such as devices, vehicles, buildings and other items which are embedded with electronics, software, sensors and network connectivity enable these objects to collect and exchange data.
Thus, IoT technology adoption is expected to expand the demand for software products.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Software Products Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Software Products Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Software Products Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Software Products Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Software Products Market Trends And Strategies
8. Impact Of COVID-19 On Software Products
9. Software Products Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Software Products Market Regional Analysis
10.1. Global Software Products Market, 2020, By Region, Value ($ Billion)
10.2. Global Software Products Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Software Products Market, Growth And Market Share Comparison, By Region
11. Software Products Market Segmentation
11.1. Global Software Products Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Operating Systems & Productivity Software Publishing
- Database, Storage & Backup Software Publishing
- Business Analytics & Enterprise Software
- Video Game Software
- Design, Editing & Rendering Software
11.2. Global Software Products Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Large Enterprises
- Small And Medium Enterprises
11.3. Global Software Products Market, Segmentation By End-User Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- BFSI
- Media And Entertainment
- IT and Telecommunications
- Energy And Utilities
- Government And Public Sector
- Retail And Consumer Goods
- Manufacturing
- Others
12. Software Products Market Segments
12.1. Global Operating Systems & Productivity Software Publishing Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Operating Systems; Productivity Software Publishing
12.2. Global Database, Storage & Backup Software Publishing Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Database Software; Middleware Software; Storage And Backup Software
12.3. Global Business Analytics & Enterprise Software Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - ERP Software; BI Software; CRM Software; SCM Software; Other Software
12.4. Global Video Game Software Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Browser Games; PC Games; Smart Phone/Tablet Games; Console Games
12.5. Global Design, Editing & Rendering Software Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Engineering Design Software; Animation And VFX Design Software; Image/Video Editing And Graphic Design Software
13. Software Products Market Metrics
13.1. Software Products Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Software Products Market Expenditure, 2015-2025, Global
Companies Mentioned
- Microsoft
- HP Inc
- Oracle
- Dell Technologies
- IBM
For more information about this report visit https://www.researchandmarkets.com/r/dds773
