Global Vertical - Specific Software Market Segments 2024, Forecast To 2033
5 Mar, 2024
The vertical-specific software market has shown strong growth, moving from $324.11 billion in 2023 to $350.15 billion in 2024, with a CAGR of 8.0%. This expansion is attributed to industry-specific challenges and solutions, regulatory compliance requirements, operational efficiency and productivity gains, increasing complexity of business operations, and competitive landscape and differentiation. The market is expected to see rapid growth, reaching $533.27 billion in 2028, sustaining an 11.1% CAGR. Digital transformation initiatives, data-driven decision-making, globalization and supply chain optimization, the shift to cloud-based solutions, and cybersecurity and risk management are major trends.
Global Vertical - Specific Software Market Key Driver
The vertical-specific software market is growing with the adoption of 5G technology. The GSM Association reported over 640 million 5G connections globally in 2022, contributing to the growth of the vertical-specific software market.
Get A Free Sample Of The Global Vertical - Specific Software Market ReportGlobal Vertical - Specific Software Market Segments
The vertical - specific software market covered in this report is segmented –
1) By Type: Commerce Applications, Customer Relationship Management Applications, Supply Chain Management Applications, Enterprise Resource Planning Applications, Financial Applications, HR And Payroll Applications, Office Productivity Applications, Product Lifecycle Management Applications, Other Types
2) By Deployment: On-Premise, Cloud
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By End-User: Manufacturing, Banking, Financial Services And Insurance (BFSI), Healthcare And Pharmaceuticals, Telecom And IT, Government, Retail, Other End-Users
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the vertical-specific software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the vertical-specific software market report during the forecast period. The regions covered in the vertical - specific software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Vertical - Specific Software Industry Players
Microsoft Corporation; IBM Corporation; SAP SE; Hewlett Packard Enterprise Co.; Oracle Corporation; Salesforce.com Inc.; Dell Technologies Inc.; Gen Digital Inc.; Broadcom Inc.; VMware Inc.; Infor Inc.; Kronos Incorporated; Epicor Software Corporation; SYSPRO Corp.; Zoho Corporation Pvt. Ltd.; DocuSign Inc.; Granular Inc.; Naviance; ROLLER Software; Browzwear Solutions Pte Ltd.; FeedZai Inc.; Kyndi Inc.; Ableton AG; Adobe Inc.; Act-On Software Inc.; MATRIXSPACE Inc.; Jobandtalent UK Ltd.; PayEngine Co.; SugarCRM Inc.; Pegasystems Inc.; ServiceNow Inc.; Workday Inc.; The Ultimate Kronos Group; Ceridian HCM Inc.; Paycom Software Inc.; Paylocity Holding Corporation
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AIOps Vertical - Specific Software Market Overview
Vertical-specific software, also known as vertical market software, is software that is tailored to the demands of a single industry, market, or firm. It assists organizations in streamlining their processes, improving productivity, and lowering costs by delivering personalized solutions to match their specific requirements.
Vertical - Specific Software Global Market Report 2023 provides data on the global vertical - specific software market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The vertical - specific software market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.