Independent Software Vendors (ISVs) Market Future: Stepping Into Another Dimension

Market Research Future (MRFR) has published on the “Global Independent Software Vendor Market”.

The Independent Software Vendor market is estimated to register a CAGR of 23.80% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Independent Software Vendor market— IBM, Microsoft, SAP SE, Salesforce, Oracle, Google, Inc., Apple Inc., Dell, Inc, HPE, Compuware (BMC), ServiceNow, Symantec Corporation (Broadcom), Cisco Systems,Inc., MicroFocus., Carbonite, Inc. (OPENTEXT), Mocana

Independent Software Vendor Market Highlights:

The global Independent Software Vendor market is accounted for to register a CAGR of 23.80% during the forecast period and is estimated to reach USD 3,024.24 Million by 2032.

An independent software vendor (ISV) is a business or individual that builds, develops, and sells enterprise or consumer software to its end users. These software products run on more than one operating system (OS) or computer hardware platforms. Even though ISV-provided software is consumed by end users, it is considered as the property of the vendors. According to MRFR analysis, the market is expected to register high growth during the forecast period. Increased demand for value-added services and OEM support for ISVs solution development and management are some of the factors responsible for the growth of the market during the forecast period. However, the rapidly changing technology landscape is one of the major factors expected to restrain the growth of the independent software vendors (ISVs) market during the forecast period.

Segment Analysis

The global Independent Software Vendor market has been segmented based on Type, Application.

Based on Type, the global Independent Software Vendor market segmentation Cloud-based, On-premises The cloud-based segment will be the majority share in 2022, contributing around 58.9% to the market revenue.

Based on the Application, the global Independent Software Vendor market segmentation is E-Commerce, Logistics, Retail, Healthcare, Financial, Educational, Others. Retail Applications dominated the market in 2022.

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The North America Independent Software Vendor market accounted for ~23.4% in 2022. It is expected to exhibit a significant CAGR growth during the study period. North America is one of the most critical regions for the ISV market. North America consists of countries such as the US, Canada, and Mexico. These countries have a large number of ISV providers. For instance, in the US, some of the key ISVs are Ipswitch, Salesforce.com, Intuit Inc., Alpha Software. In Canada, some of the key ISVs include Endeavour, CRG Solutions, and MediaValet Inc. All these ISVs compete based on value-added features and services that they offer. According to TECH COM compuBase, a technology service provider, there were over 1500 ISVs in their database, in the region that provide varied software solutions. Some of the prominent software that ISVs offer in this region include industry-specific solutions and management & production related solutions. The independent software vendors market in North America is mainly driven by the growing use of various enterprise solutions such as human capital management (HCM), expense management, financials, office suites, and collaborative solutions (mainly web conferencing technology) due to a highly distributed workforce.

Key Findings of the Study

• The global Independent Software Vendor market is expected to reach USD 3,024.24 million by 2032, at a CAGR of 24.3% during the forecast period.


• The North America region accounted for the fastest-growing global market


• IBM, Microsoft, SAP SE, Salesforce, Oracle, Google, Inc., Apple Inc., Dell, Inc, HPE, Compuware (BMC), ServiceNow, Symantec Corporation (Broadcom), Cisco Systems,Inc., MicroFocus., Carbonite, Inc. (OPENTEXT), Mocana.