The global business software and services market size is expected to reach USD 650.13 billion by 2025, registering a CAGR of 10.7% from 2019 to 2025, according to a new report by Grand View Research, Inc. Increasing volume of business data and automation of business processes across various industries such as healthcare, retail, and manufacturing are expected to drive the growth.
Numerous factors such as timely product delivery, reduced production costs, and improved operational efficiency delivered by effective business software and services are expected to propel the market growth over the forecast period. Business software and services are extensively used in business processes as they help reduce operational costs.
Enterprises are widely adopting cloud-based deployment solutions owing to technological developments and growing focus on offering flexibility and mobility to users. This is prompting vendors to develop software solutions that can be deployed through cloud platforms.
Technological innovation, growing use of new data sources, and penetration of cloud-based services are further driving the need for customized software solutions for specific business operations. Increasing demand for optimized delivery mechanisms, initiating from point of production to the point of consumption, is encouraging enterprises to adopt supply chain management business software.
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Further key findings from the report suggest:
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Key Topics Covered
Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope and Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary 2.1 Business Software and Services Market – Industry Snapshot & Key Buying Criteria, 2014 – 2025 2.2 Global Business Software and Services Market, 2014 – 2025 2.2.1 Global business software and services market, by region, 2014 – 2025 2.2.2 Global business software and services market, by software, 2014 – 2025 2.2.3 Global business software and services market, by service, 2014 – 2025 2.2.4 Global business software and services market, by deployment, 2014 – 2025 2.2.5 Global business software and services market, by enterprise size, 2014 – 2025 2.2.6 Global business software and services market, by end use, 2014 – 2025 Chapter 3 Business Software And Services Market – Industry Outlook 3.1 Market Segmentation and Scope 3.2 Market Size and Growth Prospects 3.3 Business Software and Services – Value Chain Analysis 3.3.1 Vendor landscape 3.4 Business Software and Services Market Dynamics 3.4.1 Market driver analysis 3.4.1.1 The growing need for operational efficiency and improved transparency in business operations 3.4.1.2 Increasing shift toward cloud computing 3.4.2 Market restraint analysis 3.4.2.1 High costs of licensing and support 3.5 Penetration and Growth Prospect Mapping 3.6 Business Software and Services Market – Key Company Market Share Analysis, 2018 3.7 Business Software and Services Market – Porter’s Five Forces Analysis 3.8 Business Software and Services Market – PESTEL Analysis ……….continue
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About Grand View Research Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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