Learn about the global Software Products market through The Business Research Company, which provides information on software products market size, software products market drivers and restraints, software products market players, the COVID-19 impact on the software products market, and more.

The global software products market is expected to grow from $1,141.43 billion in 2021 to $1,307.59 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The software product market is expected to reach $2,157.19 billion in 2026 at a CAGR of 13.3%.

IoT technology adoption by manufacturing and transportation services companies is expected to drive the software products market in the forecast period.

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The software products market consists of sales of software products by entities (organizations, sole traders and partnerships) that develop, market and distribute software products for commercial and personal use. Software products are usually sold in the form of licenses to use the software for a specified period or permanently. The license generally entitles the buyer to receive updates of the programs. Companies in this industry create and distribute computer software by designing software, providing documentation, assisting in installation and providing support services to software purchasers. Some businesses design, develop and publish; others only publish.

Global Software Products Market Segments Include:
By Type: Operating Systems and Productivity Software Publishing, Database, Storage and Backup Software Publishing, Business Analytics and Enterprise Software, Video Game Software, Design, Editing and Rendering Software

By Application: Large Enterprises, Small and Medium Enterprises

By End-User Industry: BFSI, Media and Entertainment, IT and Telecommunications, Energy and Utilities, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Others

Subsegments Covered: Operating Systems, Productivity Software Publishing, Database Software, Middleware Software, Storage and Backup Software, ERP Software, BI Software, CRM Software, SCM Software, Other Software, Browser Games, PC Games, Smart Phone/Tablet Games, Console Games, Engineering Design Software, Animation and VFX Design Software, Image/Video Editing and Graphic Design Software

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the software products market in 2021.

Top software vendors such as Oracle and SAP have been attempting to penetrate the middle market, to expand their client base and increase overall revenues. These companies have begun offering scaled-down, pre-configured versions of their applications. They are pursuing new distribution channels to sell and distribute their software products and are also acquiring mid-market software companies to increase their market shares and revenues.

TBRC’s software products market report covers:

Major Market Players: Microsoft, Oracle Corp, Google, salesforce.com, Tencent Holdings Co Ltd, International Business Machines Corporation, Adobe Systems Incorporated, Nintendo Co ltd, Fiserv, Inc. and Sony Corp.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Software Products Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides software products market overviews, analyzes and forecasts market size, share, software products market players, software products market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s software products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Business Analytics And Enterprise Software Global Market Report 2022

Operating Systems And Productivity Software Publishing Global Market Report 2022

Database, Storage And Backup Software Publishing Global Market Report 2022

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