How big is the Independent Software Vendor Market | Growth, Size & Forecast 2031

The key influencers of this market are growing digitalization of enterprises, the transition to cloud technology, and the demand in software solutions of a specific vertical.

Growth Factors for Independent Software Vendor Industry

• The demand of third-party software is increasing with the digital transformation efforts picking up in several segments.
• Gain in demand of customized software in healthcare, BFSI, retail and manufacturing sector.
• Expand the relationships between ISVs and Clouds providers like Microsoft Azure, AWS and Google Cloud.
• Small and Medium-Sized Enterprises (SMEs) that are implementing SaaS so that they can cut down on IT costs and obtain greater flexibility.
• Automation AI/ML and analytics ISVs-R&D.

Independent Software Vendor Market Trends

The Independent Software Vendor Market is witnessing increased focus on vertical-specific SaaS applications and low-code/no-code development platforms. There is a surge in ISVs building solutions exclusively for cloud marketplaces.

The increasing demand of using containers apps and micro services architecture is also influencing product development strategies by software vendors.

Emerging Developments in the Independent Software Vendor Market

The Independent Software Vendor Market is evolving with growing interest in AI-first solutions, embedded analytics, and cross-platform development tools.

ISVs are forming co-selling alliances with hyperscalers and tapping emerging markets through subscription-based distribution. Demand for software built on blockchain, IoT, and edge computing is rising.

Leading Companies in the Independent Software Vendor Industry

1. SAP SE

Develops enterprise application software for business operations and customer relations.

2. Salesforce, Inc.

Provides customer relationship management and cloud-based applications for enterprises.

3. Oracle Corporation

Offers database management, enterprise software, and cloud-engineered systems.

4. Microsoft ISV Partners

Through its partner network, Microsoft empowers thousands of ISVs globally.

5. Adobe Inc.

Provides software for digital media creation, marketing, and document management.

6. Infor (Koch Industries)

Delivers industry-specific cloud applications for manufacturing, healthcare, and logistics.

7. ServiceNow

Offers cloud-based digital workflow solutions tailored for enterprise needs.

8. Zoho Corporation

A leading Indian ISV offering business, productivity, and collaboration software.

9. Fresh works Inc.

Provides customer support, CRM, and IT service management software for SMEs.

10. Epicor Software Corporation

Delivers ERP solutions tailored for manufacturing, distribution, and retail sectors.

How big is the Independent Software Vendor Market : FAQ's