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.
Europe region consists of countries including Germany, France, Italy, the UK, and rest of Europe. The DACH region that include the following countries—Austria, Germany, and Switzerland, that have a significant number of ISVs. According to TECH COM compuBase, there were more than 6,938 companies in their database, offering software solutions in the countries mentioned. More than 40% of these ISVs offer management- and production-related software solutions and nearly 30% of these ISVs offer industry-specific software solutions. Following the DACH region, France is one of the prominent countries where a large number of ISVs operate.
These ISV providers provide office automation and DBMS solutions, management and production solutions, and industry-specific solutions. Some of the key ISVs in the region include Itransition, Dassault System, Sopra Steria, MUREX S.A.S, and Cegid Group.
Moreover, countries such as the United Kingdom, Germany, and France have well-established software industries and host a considerable number of Independent Software Vendors (ISVs). The market share distribution among ISVs in Europe can differ based on factors such as country-specific regulations, industry focus, and customer preferences.
FIGURE 3: INDEPENDENT SOFTWARE VENDOR MARKET SIZE BY REGION 2022 VS 2032
Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review
Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, South Korea, and Brazil.
