Business Software and Services Market

Global Business Software and Services Market Size, Trends & Analysis - Forecasts to 2028 By Software (Finance, Sales & Marketing, Human Resource, Supply Chain, and Others), By Service (Consulting, Managed Services, and Support & Maintenance), By Deployment (Cloud and On-premise), By End-Use (Aerospace & Defence, BFSI, Government, Healthcare, IT & Telecom, Manufacturing, Retail, Transportation, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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This report was recently updated on May 12 2024 with the latest and most recent market numbers

Global Business Software and Services Market Size

The global business software and services market is projected to exhibit a CAGR of 11.5% from 2023 to 2028.

In today's fast-paced and technology-driven world, businesses are adopting software to accomplish their specific objectives. With an ever-increasing reliance on digital tools, organizations are leveraging business software to streamline operations, enhance productivity, and ultimately achieve their goals. The utilization of software or automation in businesses is a necessity and a requirement.

The driving factors for the global business software and service market growth include the growing demand for digital transformation, increasing focus on process automation and efficiency, rising adoption of cloud-based solutions, growing need for enhanced data security and privacy, and continuous advancements in technologies such as artificial intelligence and machine learning.

Business software is useful for automating repetitive tasks in a company, minimizing the need for human involvement. Software, internet, and various technologies serve as new resources or workforce with increasing demand in future by the upcoming business. With automation software, a single individual can handle multiple operations, leading to cost reduction and enhanced productivity. Using manual management resources increases the possibility of failure and errors in the process, commonly known as human error. Conversely, employing management software can provide precise results that aid in making better decisions.

In the pursuit of sustainable growth and success, businesses are continuously exploring strategies to optimize costs and enhance profitability. This proactive approach allows organizations to allocate resources efficiently, streamline operations, and ultimately achieve their financial objectives. Business software and services aids in reducing operational expenses, improve resource allocation, and enhance overall cost efficiency. Combination of innovation and technology such as artificial intelligence and machine learning is expected to offer lucrative growth opportunities in the global business software and service market.

global business software and services market

Global Business Software and Services Market: By Software

Human resource segment is anticipated to be the fastest-growing segment in the global market from 2023-2028. Using business software for human resource tasks such as training, payroll, and recruitment helps companies work more efficiently. It gives insights about employees and makes their experience better, for which businesses prefer such software to boost productivity.

The finance segment is expected to hold largest share in the market from 2023 to 2028, according to the software outlook. Many businesses rely on financial management tools to handle activities such as planning, budgeting, analysis, and reporting. Moreover, the market for these tools is expected to grow substantially during the forecast period, and is driven by increasing availability of mobile applications that simplify financial data management and offer various additional uses related to financing.

Global Business Software and Services Market: By Service

The managed services segment is anticipated to be the fastest-growing segment in the global market from 2023-2028. The managed services segment growth is attributed to increasing reliance of businesses on IT infrastructure and resources to enhance their operations. Moreover, consulting services segment is expected to witness substantial growth over the forecast period, as more companies seek help from consulting services for managing risks and opportunities for growth.

Support & maintenance is expected to account for largest revenue share due to increasing adoption of management systems by businesses and utilization of software-based approaches to improve product quality. This segment is expected to expand further, as there is an increasing demand for affordable third-party support and maintenance services, which are easily accessible from skilled professionals. Moreover, the continuous advancements in smartphone applications are also expected to drive demand for software support and maintenance services.

Global Business Software and Services Market: By Deployment

Cloud service is analyzed to be the fastest-growing segment during the forecast period. Cloud service allows organizations to operate more efficiently and with lower energy consumption by using and paying only for their needed resources. Additionally, government regulations encourage businesses to adopt cloud-based services, which is expected to drive growth of the segment. Furthermore, the affordability of cloud-based subscriptions is predicted to increase the popularity of hybrid cloud deployment.

Global Business Software and Services Market: By End-Use Size

The IT & telecom segment is expected to witness rapid growth in the global business software and service market due to increasing digitalization in the industry, rising need for advanced communication and collaboration tools, and growing demand for efficient management of IT infrastructure and networks.

asia pacific business software and services market

Global Business Software and Services Market: By Region

North America is expected to be the largest region in the global market. The primary reasons boosting the regional market growth include increasing demand for high-speed data network and presence of various software vendors. Moreover, North America is home to significant number of software engineers, data analysts, and computer scientists who have expertise in enterprise solutions and services.

Asia Pacific is projected to witness significant growth in the global business software and service market due to factors such as the rapid adoption of digital technologies, increasing investments in IT infrastructure, expanding e-commerce industry, and rising number of small and medium-sized enterprises. Additionally, the region's favorable government initiatives and policies to promote digitalization and technological advancements contribute to the growth of the business software and service market in Asia Pacific.

Global Business Software and Services Market Share and Competitor Analysis

Acumatica, Inc, Deltek, Inc, Epicor Software Corporation, International Business Machines Corporation, Infor, NetSuite Inc., Microsoft Corporation, SAP SE, Oracle Corporation, and TOTVS S.A, among others are some of the key players operating in the global business software and services market.

Please note: This is not an exhaustive list of companies profiled in the report.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

2.4   Data Metrics on Feed Stocks

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL BUSINESS SOFTWARE AND SERVICES MARKET, BY SOFTWARE

4.1   Introduction

4.2   Business Software and Services Market: Software Scope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Finance

4.4.1        Finance Market Estimates and Forecast, 2020-2028 (USD Billion)

4.5   Sales & Marketing  

4.5.1        Sales & Marketing  Market Estimates and Forecast, 2020-2028 (USD Billion)

4.6   Human Resource

4.6.1        Human Resource Market Estimates and Forecast, 2020-2028 (USD Billion)

4.7   Supply Chain

4.7.1           Supply Chain Market Estimates and Forecast, 2020-2028 (USD Billion)

4.8   Other

4.8.1           Other Market Estimates and Forecast, 2020-2028 (USD Billion)

5          GLOBAL BUSINESS SOFTWARE AND SERVICES MARKET, BY SERVICES

5.1   Introduction

5.2   Business Software and Services Market: Services Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   Consulting

5.4.1        Consulting Market Estimates and Forecast, 2020-2028 (USD Billion)

5.5   Managed Services

5.5.1        Managed Services Market Estimates and Forecast, 2020-2028 (USD Billion)

5.6   Support & Maintenance

5.6.1        Support & Maintenance Market Estimates and Forecast, 2020-2028 (USD Billion)

6         GLOBAL BUSINESS SOFTWARE AND SERVICES MARKET, BY DEPLOYMENT

6.1   Introduction

6.2   Business Software and Services Market: Deployment Scope Key Takeaways

6.3   Revenue Growth Analysis, 2022 & 2028

6.4   Cloud

6.4.1        Cloud Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5   On-premise

6.5.1        On-premise Market Estimates and Forecast, 2020-2028 (USD Billion)

7         GLOBAL BUSINESS SOFTWARE AND SERVICES MARKET, END-USE

7.1   Introduction

7.2   Business Software and Services Market: Distribution Channel Scope Key Takeaways

7.3   Revenue Growth Analysis, 2022 & 2028

7.4   Aerospace & Defense

7.4.1        Aerospace & Defense Market Estimates and Forecast, 2020-2028 (USD Billion)

7.5   BFSI

7.5.1        BFSI Market Estimates and Forecast, 2020-2028 (USD Billion)

7.5   Government

7.5.1        Government Market Estimates and Forecast, 2020-2028 (USD Billion)

7.6   Healthcare

7.6.1        Healthcare Market Estimates and Forecast, 2020-2028 (USD Billion)

7.7   IT & Telecom

7.7.1        IT & Telecom Market Estimates and Forecast, 2020-2028 (USD Billion)

7.8   Manufacturing

7.8.1        Manufacturing Market Estimates and Forecast, 2020-2028 (USD Billion)

7.9   Retail

7.9.1        Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

7.10 Transportation

7.10.1      Transportation Market Estimates and Forecast, 2020-2028 (USD Billion)

7.11 Others

7.11.1      Others Market Estimates and Forecast, 2020-2028 (USD Billion)

8          GLOBAL BUSINESS SOFTWARE AND SERVICES MARKET, BY REGION

8.1   Introduction

8.2   North America Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.2.1        By Software

8.2.2        By Services

8.2.3        By Deployment

8.2.4        End-use  

8.2.5        By Country

8.2.5.1     U.S. Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.2.5.1.1        By Software

8.2.5.1.2        By Services

8.2.5.1.3        By Deployment

8.2.5.1.4        End-use

8.2.5.2     Canada Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.2.5.2.1        By Software

8.2.5.2.2        By Services

8.2.5.2.3        By Deployment

8.2.5.2.4        End-use

8.2.5.3     Mexico Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.2.5.3.1        By Software

8.2.5.3.2        By Services

8.2.5.3.3        By Deployment

8.2.5.3.4        End-use

8.3   Europe Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.3.1        By Software

8.3.2        By Services

8.3.3        By Deployment

8.3.4        End-use  

8.3.5        By Country

8.3.5.1     Germany Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.3.5.1.1        By Software

8.3.5.1.2        By Services

8.3.5.1.3        By Deployment

8.3.5.1.4        End-use

8.3.5.2     U.K. Presered Flowers Market Estimates and Forecast, 2020-2028 (USD Billion)

8.3.5.2.1        By Software

8.3.5.2.2        By Services

8.3.5.2.3        By Deployment

8.3.5.2.4        End-use

8.3.5.3     France Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.3.5.3.1        By Software

8.3.5.3.2        By Services

8.3.5.3.3        By Deployment

8.3.5.3.4        End-use

8.3.5.4     Italy Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.3.5.4.1        By Software

8.3.5.4.2        By Services

8.3.5.4.3        By Deployment

8.3.5.4.4        End-use

8.3.5.5     Spain Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.3.5.5.1        By Software

8.3.5.5.2        By Services

8.3.5.5.3        By Deployment

8.3.5.5.4        End-use

8.3.5.6     Netherlands Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.3.5.6.1        By Software

8.3.5.6.2        By Services

8.3.5.6.3        By Deployment

8.3.5.6.4        End-use

8.3.5.7     Rest of Europe Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.3.5.7.1        By Software

8.3.5.7.2        By Services

8.3.5.7.3        By Deployment

8.3.5.7.4        End-use

8.4   Asia Pacific Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.4.1        By Software

8.4.2        By Services

8.4.3        By Deployment

8.4.4        End-use  

8.4.5        By Country

8.4.5.1     China Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.4.5.1.1        By Software

8.4.5.1.2        By Services

8.4.5.1.3        By Deployment

8.4.5.1.4        End-use

8.4.5.2     Japan Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.4.5.2.1        By Software

8.4.5.2.2        By Services

8.4.5.2.3        By Deployment

8.4.5.2.4        End-use

8.4.5.3     India Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.4.5.3.1        By Software

8.4.5.3.2        By Services

8.4.5.3.3        By Deployment

8.4.5.3.4        End-use

8.4.5.4     South Korea Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.4.5.4.1        By Software

8.4.5.4.2        By Services

8.4.5.4.3        By Deployment

8.4.5.4.4        End-use

8.4.5.5     Singapore Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.4.5.5.1        By Software

8.4.5.5.2        By Services

8.4.5.5.3        By Deployment

8.4.5.5.4        End-use

8.4.5.6     Malaysia Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.4.5.6.1        By Software

8.4.5.6.2        By Services

8.4.5.6.3        By Deployment

8.4.5.6.4        End-use

8.4.5.7     Thailand Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.4.5.7.1        By Software

8.4.5.7.2        By Services

8.4.5.7.3        By Deployment

8.4.5.7.4        End-use

8.4.5.8     Indonesia Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.4.5.8.1        By Software

8.4.5.8.2        By Services

8.4.5.8.3        By Deployment

8.4.5.8.4        End-use

8.4.5.9     Vietnam Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.4.5.9.1        By Software

8.4.5.9.2        By Services

8.4.5.9.3        By Deployment

8.4.5.9.4        End-use

8.4.5.10  Taiwan Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.4.5.10.1      By Software

8.4.5.10.2      By Services

8.4.5.10.3      By Deployment

8.4.5.10.4      End-use

8.4.5.11  Rest of Asia Pacific Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.4.5.11.1      By Software

8.4.5.11.2      By Services

8.4.5.11.3      By Deployment

8.4.5.11.4      End-use

8.5   Middle East and Africa Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.5.1        By Software

8.5.2        By Services

8.5.3        By Deployment

8.5.4        End-use  

8.5.5        By Country

8.5.5.1     Saudi Arabia Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.5.5.1.1        By Software

8.5.5.1.2        By Services

8.5.5.1.3        By Deployment

8.5.5.1.4        End-use

8.5.5.2     U.A.E. Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.5.5.2.1        By Software

8.5.5.2.2        By Services

8.5.5.2.3        By Deployment

8.5.5.2.4        End-use

8.5.5.3     Israel Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.5.4.3.1        By Software

8.5.4.3.2        By Services

8.5.4.3.3        By Deployment

8.5.5.3.4        End-use

8.5.5.4     South Africa Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.5.5.4.1        By Software

8.5.5.4.2        By Services

8.5.5.4.3        By Deployment

8.5.5.4.4        End-use

8.5.5.5     Rest of Middle East and Africa Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.5.5.5.1        By Software

8.5.5.5.2        By Services

8.5.5.5.2        By Deployment

8.5.5.5.4        End-use

8.6   Central & South America Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.6.1        By Software

8.6.2        By Services

8.6.3        By Deployment

8.6.4        End-use

8.6.5        By Country

8.6.5.1     Brazil Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.6.5.1.1        By Software

8.6.5.1.2        By Services

8.6.5.1.3        By Deployment

8.6.5.1.4        End-use

8.6.5.2     Argentina Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.6.5.2.1        By Software

8.6.5.2.2        By Services

8.6.5.2.3        By Deployment

8.6.5.2.4        End-use

8.6.5.3     Chile Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.6.5.3.1        By Software

8.6.5.3.2        By Services

8.6.5.3.3        By Deployment

8.6.5.5.4        End-use

8.6.5.4     Rest of Central & South America Business Software and Services Market Estimates and Forecast, 2020-2028 (USD Billion)

8.6.5.4.1        By Software

8.6.5.4.2        By Services

8.6.5.4.3        By Deployment

8.6.5.4.4        End-use

9          COMPETITIVE LANDCAPE

9.1   Company Market Share Analysis

9.2   Four Quadrant Positioning Matrix

9.2.1        Market Leaders

9.2.2        Market Visionaries

9.2.3        Market Challengers

9.2.4        Niche Market Players

9.3   Vendor Landscape

9.3.1        North America

9.3.2        Europe

9.3.3        Asia Pacific

9.3.4        Rest of the World

9.4   Company Profiles  

9.4.1        Acumatica, Inc.

9.4.1.1 Business Description & Financial Analysis

9.4.1.2 SWOT Analysis

9.4.1.3 Products & Services Offered

9.4.1.4 Strategic Alliances between Business Partners

9.4.2        Deltek, Inc..

9.4.2.1 Business Description & Financial Analysis

9.4.2.2 SWOT Analysis

9.4.2.3 Products & Services Offered

9.4.2.4 Strategic Alliances between Business Partners

9.4.3        Epicor Software Corporation

9.4.3.1 Business Description & Financial Analysis

9.4.3.2 SWOT Analysis

9.4.3.3 Products & Services Offered

9.4.3.4 Strategic Alliances between Business Partners

9.4.4        International Business Machines Corporation

9.4.4.1 Business Description & Financial Analysis

9.4.4.2 SWOT Analysis

9.4.4.3 Products & Services Offered

9.4.4.4 Strategic Alliances between Business Partners

9.4.5        Infor.

9.4.5.1 Business Description & Financial Analysis

9.4.5.2 SWOT Analysis

9.4.5.3 Products & Services Offered

9.4.5.4 Strategic Alliances between Business Partners

9.4.6        NETSUITE INC.

9.4.6.1 Business Description & Financial Analysis

9.4.6.2 SWOT Analysis

9.4.6.3 Products & Services Offered

9.4.6.4 Strategic Alliances between Business Partners

9.4.7        Microsoft Corporation  

9.4.7.1 Business Description & Financial Analysis

9.4.7.2 SWOT Analysis

9.4.7.3 Products & Services Offered

9.4.8.4 Strategic Alliances between Business Partners

9.4.8        SAP SE

9.4.8.1 Business Description & Financial Analysis

9.4.8.2 SWOT Analysis

9.4.8.3 Products & Services Offered

9.4.8.4 Strategic Alliances between Business Partners

9.4.9        Oracle Corporation

9.4.9.1 Business Description & Financial Analysis

9.4.9.2 SWOT Analysis

9.4.9.3 Products & Services Offered

9.4.9.4 Strategic Alliances between Business Partners

9.4.10       TOTVS S.A.

9.4.10.1 Business Description & Financial Analysis

9.4.10.2 SWOT Analysis

9.4.10.3 Products & Services Offered

9.4.10.4 Strategic Alliances between Business Partners

9.4.11      Other Companies

9.4.11.1 Business Description & Financial Analysis

9.4.11.2 SWOT Analysis

9.4.11.3 Products & Services Offered

9.4.11.4 Strategic Alliances between Business Partners

10        RESEARCH METHODOLOGY

10.1 Market Introduction

10.1.1      Market Definition

10.1.2      Market Scope & Segmentation

10.2 Information Procurement

10.2.1      Secondary Research

10.2.1.1           Purchased Databases

10.2.1.2           GMEs Internal Data Repository

10.2.1.3           Secondary Resources & Third Party Perspectives

10.2.1.4           Company Information Sources

10.2.2      Primary Research

10.2.2.1           Various Types of Respondents for Primary Interviews

10.2.2.2           Number of Interviews Conducted throughout the Research Process

10.2.2.3           Primary Stakeholders

10.2.2.4           Discussion Guide for Primary Participants

10.2.3      Expert Panels

10.2.3.1           Expert Panels Across 30+ Industry

10.2.4      Paid Local Experts

10.2.4.1           Paid Local Experts Across 30+ Industry Across each Region

10.3 Market Estimation

10.3.1      Top-Down Approach

10.3.1.1           Macro-Economic Indicators Considered

10.3.1.2           Micro-Economic Indicators Considered

10.3.2      Bottom Up Approach

10.3.2.1           Company Share Analysis Approach

10.3.2.2           Estimation of Potential Product Sales

10.4 Data Triangulation

10.4.1      Data Collection

10.4.2      Time Series, Cross Sectional & Panel Data Analysis

10.4.3      Cluster Analysis

10.5 Analysis and Output

10.5.1      Inhouse AI Based Real Time Analytics Tool

10.5.2      Output From Desk & Primary Research

10.6 Research Assumptions & Limitations

10.7.1      Research Assumptions

10.7.2      Research Limitations

LIST OF TABLES

1 Global Business Software and Services Market, By Software, 2020-2028 (USD Billion)

2 Finance Market, By Region, 2020-2028 (USD Billion)             

3 Sales & Marketing  Market, By Region, 2020-2028 (USD Billion)   

4 Human Resource Market, By Region, 2020-2028 (USD Billion)        

5 Supply Chain Market, By Region, 2020-2028 (USD Billion)

6 Global Business Software and Services Market, By Services, 2020-2028 (USD Billion)

7 Consulting Market, By Region, 2020-2028 (USD Billion)    

8 Managed Services Market, By Region, 2020-2028 (USD Billion)

9 Support & Maintenance Market, By Region, 2020-2028 (USD Billion)

10 Global Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

11 Cloud Market, By Region, 2020-2028 (USD Billion)

12 On-premise Market, By Region, 2020-2028 (USD Billion)     

13 Global Business Software and Services Market, End-use, 2020-2028 (USD Billion)

14 Aerospace & Defense Market, By Region, 2020-2028 (USD Billion)              

15 governmnet Market, By Region, 2020-2028 (USD Billion)  

16 helathcare Market, By Region, 2020-2028 (USD Billion)    

17 it & telecom Market, By Region, 2020-2028 (USD Billion)   

18 manufacturing Market, By Region, 2020-2028 (USD Billion)           

19 retail Market, By Region, 2020-2028 (USD Billion) 

20 transportation Market, By Region, 2020-2028 (USD Billion)           

21 other, By Region, 2020-2028 (USD Billion)   

22 Regional Analysis, 2020-2028 (USD Billion)

23 North America Business Software and Services Market, By Software, 2020-2028 (USD Billion)

24 North America Business Software and Services Market, By Services, 2020-2028 (USD Billion)

25 North America Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

26 North America Business Software and Services Market, End-use, 2020-2028 (USD Billion)

27 North America Business Software and Services Market, By Country, 2020-2028 (USD Billion)

28 U.S Business Software and Services Market, By Software, 2020-2028 (USD Billion)

29 U.S Business Software and Services Market, By Services, 2020-2028 (USD Billion)

30 U.S Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

31 U.S Business Software and Services Market, End-use, 2020-2028 (USD Billion)

32 Canada Business Software and Services Market, By Software, 2020-2028 (USD Billion)

33 Canada Business Software and Services Market, By Services, 2020-2028 (USD Billion)

34 Canada Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

35 CANADA Business Software and Services Market, End-use, 2020-2028 (USD Billion)

36 Mexico Business Software and Services Market, By Software, 2020-2028 (USD Billion)

37 Mexico Business Software and Services Market, By Services, 2020-2028 (USD Billion)

38 Mexico Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

39 mexico Business Software and Services Market, End-use, 2020-2028 (USD Billion)

40 Europe Business Software and Services Market, By Software, 2020-2028 (USD Billion)

41 Europe Business Software and Services Market, By Services, 2020-2028 (USD Billion)

42 Europe Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

43 europe Business Software and Services Market, End-use, 2020-2028 (USD Billion)

44 Germany Business Software and Services Market, By Software, 2020-2028 (USD Billion)

45 Germany Business Software and Services Market, By Services, 2020-2028 (USD Billion)

46 Germany Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

47 germany Business Software and Services Market, End-use, 2020-2028 (USD Billion)

48 UK Business Software and Services Market, By Software, 2020-2028 (USD Billion)

49 UK Business Software and Services Market, By Services, 2020-2028 (USD Billion)

50 UK Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

51 U.kBusiness Software and Services Market, End-use, 2020-2028 (USD Billion)

52 France Business Software and Services Market, By Software, 2020-2028 (USD Billion)

53 France Business Software and Services Market, By Services, 2020-2028 (USD Billion)

54 France Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

55 france Business Software and Services Market, End-use, 2020-2028 (USD Billion)

56 Italy Business Software and Services Market, By Software, 2020-2028 (USD Billion)

57 Italy Business Software and Services Market, By T Services Type, 2020-2028 (USD Billion)

58 Italy Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

59 italy Business Software and Services Market, End-use, 2020-2028 (USD Billion)

60 Spain Business Software and Services Market, By Software, 2020-2028 (USD Billion)

61 Spain Business Software and Services Market, By Services, 2020-2028 (USD Billion)

62 Spain Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

63 spain Business Software and Services Market, End-use, 2020-2028 (USD Billion)

64 Rest Of Europe Business Software and Services Market, By Software, 2020-2028 (USD Billion)

65 Rest Of Europe Business Software and Services Market, By Services, 2020-2028 (USD Billion)

66 Rest of Europe Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

67 REST OF EUROPE Business Software and Services Market, End-use, 2020-2028 (USD Billion)

68 Asia Pacific Business Software and Services Market, By Software, 2020-2028 (USD Billion)

69 Asia Pacific Business Software and Services Market, By Services, 2020-2028 (USD Billion)

70 Asia Pacific Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

71 asia Business Software and Services Market, End-use, 2020-2028 (USD Billion)

72 Asia Pacific Business Software and Services Market, By Country, 2020-2028 (USD Billion)

73 China Business Software and Services Market, By Software, 2020-2028 (USD Billion)

74 China Business Software and Services Market, By Services, 2020-2028 (USD Billion)

75 China Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

76 china Business Software and Services Market, End-use, 2020-2028 (USD Billion)

77 India Business Software and Services Market, By Software, 2020-2028 (USD Billion)

78 India Business Software and Services Market, By Services, 2020-2028 (USD Billion)

79 India Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

80 india Business Software and Services Market, End-use, 2020-2028 (USD Billion)

81 Japan Business Software and Services Market, By Software, 2020-2028 (USD Billion)

82 Japan Business Software and Services Market, By Services, 2020-2028 (USD Billion)

83 Japan Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

84 japan Business Software and Services Market, End-use, 2020-2028 (USD Billion)

85 South Korea Business Software and Services Market, By Software, 2020-2028 (USD Billion)

86 South Korea Business Software and Services Market, By Services, 2020-2028 (USD Billion)

87 South Korea Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

88 south korea Business Software and Services Market, End-use, 2020-2028 (USD Billion)

89 Middle East and Africa Business Software and Services Market, By Software, 2020-2028 (USD Billion)

90 Middle East and Africa Business Software and Services Market, By Services, 2020-2028 (USD Billion)

91 Middle East and Africa Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

92 MIDDLE EAST AND AFRICA Business Software and Services Market, End-use, 2020-2028 (USD Billion)

93 Middle East and Africa Business Software and Services Market, By Country, 2020-2028 (USD Billion)

94 Saudi Arabia Business Software and Services Market, By Software, 2020-2028 (USD Billion)

95 Saudi Arabia Business Software and Services Market, By Services, 2020-2028 (USD Billion)

96 Saudi Arabia Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

97 saudi arabia Business Software and Services Market, End-use, 2020-2028 (USD Billion)

98 UAE Business Software and Services Market, By Software, 2020-2028 (USD Billion)

99 UAE Business Software and Services Market, By Services, 2020-2028 (USD Billion)

100 UAE Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

101 uae Business Software and Services Market, End-use, 2020-2028 (USD Billion)

102 Central & South America Business Software and Services Market, By Software, 2020-2028 (USD Billion)

103 Central & South America Business Software and Services Market, By Services, 2020-2028 (USD Billion)

104 Central & South America Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

105 CENTRAL & SOUTH AMERICA Business Software and Services Market, End-use, 2020-2028 (USD Billion)

106 Central & South America Business Software and Services Market, By Country, 2020-2028 (USD Billion)

107 Brazil Business Software and Services Market, By Software, 2020-2028 (USD Billion)

108 Brazil Business Software and Services Market, By Services, 2020-2028 (USD Billion)

109 Brazil Business Software and Services Market, By Deployment, 2020-2028 (USD Billion)

110 brazil Business Software and Services Market, End-use, 2020-2028 (USD Billion)

111 Acumatica, Inc.: Products & Services Offering

112 Deltek, Inc..: Products & Services Offering              

113 Epicor Software Corporation: Products & Services Offering     

114 International Business Machines Corporation: Products & Services Offering               

115 Infor.: Products & Services Offering           

116 NETSUITE INC.: Products & Services Offering             

117 Microsoft Corporation : Products & Services Offering  

118 SAP SE: Products & Services Offering           

119 Oracle Corporation, Inc: Products & Services Offering 

120  TOTVS S.A.: Products & Services Offering   

121 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global Business Software and Services Market Overview

2 Global Business Software and Services Market Value From 2020-2028 (USD Billion)

3 Global Business Software and Services Market Share, By Software (2022)

4 Global Business Software and Services Market Share, By Services (2022)

5 Global Business Software and Services Market Share, By Deployment (2022)

6 Global Business Software and Services Market Share, End-use (2022)

7 Global Business Software and Services Market, By Region (Asia Pacific Market)

8 Technological Trends In Global Business Software and Services Market

9 Four Quadrant Competitor Positioning Matrix

10 Impact Of Macro & Micro Indicators On The Market

11 Impact Of Key Drivers On The Global Business Software and Services Market

12 Impact Of Challenges On The Global Business Software and Services Market

13 Porter’s Five Forces Analysis

14 Global Business Software and Services Market: By Software Scope Key Takeaways

15 Global Business Software and Services Market, By Software Segment: Revenue Growth Analysis

16 Finance Market, By Region, 2020-2028 (USD Billion) 

17 Sales & Marketing  Market, By Region, 2020-2028 (USD Billion)

18 Human Resource Market, By Region, 2020-2028 (USD Billion)

19 Supply Chain Market, By Region, 2020-2028 (USD Billion)   

20 Other Market, By Region, 2020-2028 (USD Billion)

21 Global Business Software and Services Market: By Services Scope Key Takeaways

22 Global Business Software and Services Market, By Services Segment: Revenue Growth Analysis

23 Consulting Market, By Region, 2020-2028 (USD Billion)        

24 Managed Services Market, By Region, 2020-2028 (USD Billion)

25 Support & Maintenance Market, By Region, 2020-2028 (USD Billion)

26 Global Business Software and Services Market: By Deployment Scope Key Takeaways

27 Global Business Software and Services Market, By Deployment Segment: Revenue Growth Analysis

28 Cloud Market, By Region, 2020-2028 (USD Billion)     

29 On-premise Market, By Region, 2020-2028 (USD Billion)      

30 Global Business Software and Services Market: End-use Scope Key Takeaways

31 Global Business Software and Services Market, End-use Segment: Revenue Growth Analysis

32 Aerospace & Defense Market, By Region, 2020-2028 (USD Billion)

33 BFSI Market, By Region, 2020-2028 (USD Billion)

34 Government Market, By Region, 2020-2028 (USD Billion)

35 Healthcare Market, By Region, 2020-2028 (USD Billion)

36 IT & Telecom Market, By Region, 2020-2028 (USD Billion)

37 Manufacturing Market, By Region, 2020-2028 (USD Billion)

38 Retail Market, By Region, 2020-2028 (USD Billion)

39 Transportation Market, By Region, 2020-2028 (USD Billion)

40 Other Market, By Region, 2020-2028 (USD Billion)

41 Regional Segment: Revenue Growth Analysis

42 Global Business Software and Services Market: Regional Analysis

43 North America Business Software and Services Market Overview

44 North America Business Software and Services Market, By Software

45 North America Business Software and Services Market, By Services

46 North America Business Software and Services Market, By Deployment

47 North America Business Software and Services Market, End-use

48 North America Business Software and Services Market, By Country

49 U.S. Business Software and Services Market, By Software

50 U.S. Business Software and Services Market, By Services

51 U.S. Business Software and Services Market, By Deployment

52 U.S. Business Software and Services Market, End-use

53 Canada Business Software and Services Market, By Software

54 Canada Business Software and Services Market, By Services

55 Canada Business Software and Services Market, By Deployment

56 Canada Business Software and Services Market, End-use

57 Mexico Business Software and Services Market, By Software

58 Mexico Business Software and Services Market, By Services

59 Mexico Business Software and Services Market, By Deployment

60 Mexico Business Software and Services Market, End-use

61 Four Quadrant Positioning Matrix

62 Company Market Share Analysis

63 Acumatica, Inc.: Company Snapshot

64 Acumatica, Inc.: SWOT Analysis

65 Acumatica, Inc.: Geographic Presence

66 Deltek, Inc..: Company Snapshot

67 Deltek, Inc..: SWOT Analysis

68 Deltek, Inc..: Geographic Presence

69 Epicor Software Corporation: Company Snapshot

70 Epicor Software Corporation: SWOT Analysis

71 Epicor Software Corporation: Geographic Presence

72 International Business Machines Corporation: Company Snapshot

73 International Business Machines Corporation: Swot Analysis

74 International Business Machines Corporation: Geographic Presence

75 Infor.: Company Snapshot

76 Infor.: SWOT Analysis

77 Infor.: Geographic Presence

78 NETSUITE INC.: Company Snapshot

79 NETSUITE INC.: SWOT Analysis

80 NETSUITE INC.: Geographic Presence

81 Microsoft Corporation : Company Snapshot

82 Microsoft Corporation : SWOT Analysis

83 Microsoft Corporation : Geographic Presence

84 SAP SE: Company Snapshot

85 SAP SE: SWOT Analysis

86 SAP SE: Geographic Presence

87 Oracle Corporation, Inc.: Company Snapshot

88 Oracle Corporation, Inc.: SWOT Analysis

89 Oracle Corporation, Inc.: Geographic Presence

90  TOTVS S.A.: Company Snapshot

91  TOTVS S.A.: SWOT Analysis

92  TOTVS S.A.: Geographic Presence

93 Other Companies: Company Snapshot

94 Other Companies: SWOT Analysis

95 Other Companies: Geographic Presence

The Global Business Software and Services Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Business Software and Services Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The global business software and services market is projected to grow at a CAGR of 11.5% from 2023 to 2028.
Acumatica, Inc, Deltek, Inc, Epicor Software Corporation, International Business Machines Corporation, Infor, NetSuite Inc., Microsoft Corporation, SAP SE, Oracle Corporation, and TOTVS S.A, among others are some of the key players of the global business software and solutions market.
The global business software and services market offers a range of opportunities driven by factors such as increasing adoption of cloud-based solutions, rising demand for analytics and business intelligence tools, growing need for enterprise mobility solutions, and the continuous advancements in technologies like artificial intelligence and machine learning. Additionally, the expanding e-commerce industry, digital transformation initiatives across various sectors, and the need for enhanced cybersecurity solutions present favorable prospects for market growth.
The drivers of the global business software and service market growth include growing demand for digital transformation, increasing focus on process automation and efficiency, rising adoption of cloud-based solutions, increasing need for enhanced data security and privacy, and continuous advancements in technologies such as artificial intelligence and machine learning.

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