The global software market was valued at USD 656.10 Billion in 2024 and is projected to grow at a CAGR of 9.60% during the forecast period of 2025-2034. Software integration in predictive maintenance tools is gaining momentum as manufacturers seek to reduce unplanned downtime and optimise operational output across connected machinery and industrial automation networks, thereby aiding the market to attain a value of USD 1640.88 Billion by 2034.

Demand in the market is also fuelled by enterprise digitisation, artificial intelligence integration, and scalable cloud computing. According to the United States Bureau of Economic Analysis, software and services industry in the country recorded USD 489.2 billion in 2023. These figures reflect how software is no longer just a utility; it has become a strategic growth lever.

Emerging economies are further boosting the overall market growth. Governments in Africa, notably in Kenya and South Africa, are launching national AI and digital transformation roadmaps, which are driving local demand in the software market. Notably, Kenya’s Ajira Digital Program has trained over 1 million youth in digital skills by 2023, opening fresh opportunities for localised software platforms.

Furthermore, with the growing incorporation of generative AI, blockchain, and autonomous platforms, the software industry has evolved beyond traditional product suites. The value is accelerated by customisability, security compliance, and intelligent automation. Enterprises are shifting from off-the-shelf to modular, composable software ecosystems. Strategic collaborations, such as between Microsoft and OpenAI or Google and SAP, underscore this new direction.

Europe Enterprise Software Market Report Segments the Industry Into by Software Type (ERP Software, CRM Software, BI and Analytics Software and More), Deployment (Cloud, On-Premise), End-User Vertical (BFSI, Healthcare, Public & Institutions, and More), Enterprise Size (Large Enterprises, Mid-Sized, Small Businesses) and by Country. The Market Forecasts are Provided in Terms of Value (USD).

The global software market size reached USD 675.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1,132.8 Billion by 2033, exhibiting a growth rate (CAGR) of 5.9% during 2025-2033. The increasing shift toward digital transformation, rising adoption of mobile devices and remote work options, escalating demand for customization, and growing security and privacy concerns, are some of the major factors propelling the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 675.1 Billion
Market Forecast in 2033	USD 1,132.8 Billion
Market Growth Rate (2025-2033)	5.9%

IMARC Group provides an analysis of the key trends in each segment of the global software market report, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on type, deployment mode, enterprise size, and industry vertical.

Industrial Software Market size was valued at USD 37.84 Billion in 2023 and is projected to reach USD 260.4 Billion by 2030, growing at a CAGR of 7.9% during the forecast period 2024-2030.Global Industrial Software Market DriversThe market drivers for the Industrial Software Market can be influenced by various factors. These may include:Initiatives for Industry 4.0 and Smart Manufacturing: The adoption of industrial software solutions is being driven by the drive towards Industry 4.0 and smart manufacturing practices. By integrating digital technologies like IoT, AI, and data analytics, these technologies seek to increase industrial processes' productivity, efficiency, and adaptability.Growing Automation: Software solutions that help manage and improve manufacturing processes are becoming more and more necessary as industrial processes become more automated. Automation is made possible by industrial software in a number of areas, including supply chain management, quality assurance, and manufacturing.Growing Need for Operational Efficiency: In order to stay competitive in the global market, businesses are putting more and more effort into improving their operational efficiency. Industrial software solutions provide instruments for operations monitoring, analysis, and optimization that save costs and maximize resource use.Increasing Complexity of Industrial Operations: A number of variables, including globalization, the need for customization, and regulatory constraints, are contributing to the complexity of industrial operations. Industrial software offers capabilities for scheduling, planning, and resource allocation, which aid in managing this complexity.Artificial Intelligence and Machine Learning Integration: Innovation in fields like process optimization, quality assurance, and predictive maintenance is being propelled by the incorporation of AI and machine learning technology into industrial software solutions. These cutting-edge capabilities support firms in anticipating disruptions and enabling proactive decision-making.

According to Cognitive Market Research, The Global Vertical Market Software market size is USD 120.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 12.30% from 2023 to 2030.

The demand for vertical market software is rising due to the demand for specialized software solutions that address unique industry requirements is growing as industries increasingly acknowledge their value.
Demand for large enterprises remains higher in the vertical market software market.
The BFSI category held the highest vertical market software market revenue share in 2023.
North American vertical market software will continue to lead, whereas the Asia Pacific vertical market software market will experience the most substantial growth until 2030.

Industry-Specific Customization to Provide Viable Market Output

The key driver propelling the Vertical Market Software market is the growing demand for industry-specific customization. Businesses are increasingly recognizing the importance of tailored software solutions that address the unique requirements and challenges of their verticals. Whether in healthcare, finance, or manufacturing, organizations seek software that goes beyond generic applications, offering specialized features and functionalities. This customization enhances operational efficiency, compliance adherence, and overall performance, driving the adoption of vertical market software.

In November 2022, Now Vertical Group Inc. is excited to share news of a recent partnership with Grupo Aeroméxico S.A.B. de C.V., the primary airline of Mexico City. As part of the arrangement, NOW will support Aeroméxico in enhancing its data governance program, helping to outline the direction and strategy necessary for the airline to become a data-driven operator.

(Source: www.marketscreener.com/quote/stock/NOWVERTICAL-GROUP-INC-124457378/news/Aeromexico-Selects-NowVertical-Group-Inc-as-a-Latin-American-Vertical-Intelligence-Solutions-Partn-42252162/)

Digital Transformation Imperative to Propel Market Growth

The imperative for digital transformation acts as a significant driver in the Vertical Market Software market. As industries evolve, there is a pressing need to modernize and digitize operations to stay competitive. Vertical market software plays a pivotal role in this transformation by offering solutions that streamline processes, enable data-driven decision-making, and enhance overall business agility. The demand for software that integrates seamlessly into existing workflows and supports advanced analytics and automation is pushing organizations to invest in vertical market solutions as a crucial component of their digital strategy.

In February 2023, Vertical Insure, an embedded insurance platform for platforms, revealed that it secured an extra $2 million in funding, increasing its total initial funding to $6 million. Groove Capital, Daren Cotter, and other strategic angel investors joined Greenlight Re Innovations in spearheading the additional funding.

(Source: www.verticalinsure.com/news/vertical-insure-the-embedded-insurance-platform-for-platforms-secures-4m-in-seed-funding-to-simplify-insurance)

Market Restraints of the Vertical Market Software

High Initial Costs to Restrict Market Growth

The key restraint is the high initial costs associated with implementing vertical market software. Developing industry-specific solutions that cater to the unique needs of various verticals often requires substantial financial investments in research, development, and customization. Small and medium-sized enterprises, in particular, may find the upfront costs prohibitive, impacting their ability to adopt specialized software solutions. The financial barrier to entry poses a challenge for businesses looking to leverage vertical market software for industry-specific advantages.

Opportunity for Vertical Market Software Market

Integration of AI present key market growth opportunity. 

The growth of the vertical market software market has been tremendous and the integration of AI id presenting key market growth opportunity. The AI allows the vertical market software to provide a personalized experience for the user and helps automatize task that frees up time for the user to focus on more important and detail oriented tasks. The software can use AI algorithm and data driven decision making offer predictive insig...

Forecasts suggest that the education software market will amass worldwide revenues of around ***** billion U.S. dollars in 2023. Should this forecast hold, it would represent a year-on-year growth of nearly *** million U.S. dollars. Estimates anticipate that this trend of strong growth will continue for years to come, reaching ***** billion U.S. dollars by 2028. Education software market As the name would suggest, education software and applications are tools created for the purpose of teaching and education, both within classrooms and at a consumer level. This market encompasses everything from language learning applications such as Duolingo, to classroom management software such as Blackboard and Moodle. In addition to these education-oriented companies, many of the world’s largest tech firms have entered the market, with Oracle, Microsoft, and SAP all holding significant market shares within the industry. Technology has become an integral aspect of business and research worldwide and to prepare students for professional life, universities have adopted increasingly technology-focused learning techniques which drive paper-based assignments and submissions obsolete. With an increasing number of students receiving degrees each year, the potential user base for educational software platforms is consistently increasing.

The Middle East & Africa enterprise software market is poised for significant growth, expanding from USD 8,592.6 Million in 2025 to USD 14,923.3 Million by 2035. The market grows at a CAGR 5.7% from the period 2025 to 2035.

Attributes	Description
Historical Size, 2024	USD 8,186.9 million
Estimated Size, 2025	USD 8,592.6 million
Projected Size, 2035	USD 14,923.3 million
Value-based CAGR (2025 to 2035)	5.7% CAGR

Category-wise Insights

Segment	Value Share (2025 to 2035)
Customer Relationship Management (Type)	29.1%

Segment	CAGR (2025)
Healthcare (Industry)	6.7%

Semi-Annual Market Update

Particular	Value CAGR
H1	5.4% (2024 to 2034)
H2	5.8% (2024 to 2034)
H1	6.0% (2025 to 2035)
H2	5.3% (2025 to 2035)

Country-wise Insights

Countries	CAGR from 2025 to 2035
KSA	6.8%
Other GCC Countries	6.2%
South Africa	5.9%

Engineering Software Market is Segmented by Type (Computer-Aided Design Software, Computer-Aided Engineering Software, Computer-Aided Manufacturing Software, and More), Deployment (On-Premise, Cloud, Hybrid), Application (Design Automation, Plant and Process Design, and More), End-User Industry (Automotive and Transportation, Aerospace and Defence and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Data Extraction Software Market size was valued at USD 1.38 Billion in 2024 and is projected to reach USD 3.99 Billion By 2031, growing at a CAGR of 9.8% from 2024 to 2031.

Data Extraction Software Market Drivers

Growing Volume of Data: The exponential increase in data generation from various sources such as social media, IoT devices, and business transactions necessitates efficient data extraction tools to process and analyze this data.

Big Data and Analytics Adoption: Organizations are increasingly adopting big data and analytics to gain insights and make data-driven decisions. Data extraction software is essential for retrieving and processing large datasets from diverse sources.

Need for Business Intelligence (BI): Companies seek to enhance their decision-making processes through BI. Data extraction software facilitates the collection of relevant data, which is critical for generating meaningful business insights.

According to Cognitive Market Research, The Global Enterprise Software market size is USD 233514.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.

North America Enterprise Software Market held 40% of the global revenue with a market size of USD 93405.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Europe Enterprise Software Market held 30% of the global market size of USD 70054.26 million in 2024.
Asia Pacific Enterprise Software Market held 23% of the global revenue with a market size of USD 53708.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
South America Enterprise Software market held 5% of the global revenue with a market size of USD 11675.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031.
Middle East and Africa Enterprise Software Market held 2% of the global revenue with a market size of USD 4670.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Enterprise software is getting more potent and effective as a result of the integration of new technologies like machine learning (ML), artificial intelligence (AI), and the Internet of Things (IoT).
Enterprise software may assist businesses in delivering a happy customer experience by automating processes, personalizing communications, and enhancing customer support. Businesses are placing a greater emphasis on delivering a nice customer experience.

Increasing Need for Data-driven Decision Making to Increase the Demand Globally

The growing amount of data produced by companies emphasizes how important data-driven decision-making is. Large datasets from various sources are a challenge for enterprises, requiring advanced software solutions for effective data gathering, processing, and interpretation. With the use of these technologies, businesses may anticipate trends, find patterns, and extract insightful information that helps them make well-informed decisions on a range of tasks, including operations, marketing, and strategy. Businesses can gain a competitive edge, improve customer experiences, and optimize processes by utilizing machine learning algorithms and advanced analytics. Furthermore, the need for strong data analytics software is rising in today's corporate ecosystem due to the fact that being able to use data successfully is essential for remaining flexible and responsive to market dynamics in an increasingly digitalized world.

Growing Adoption of Cloud Computing to Propel Market Growth

Because of all of its advantages, cloud computing is becoming more and more popular in business environments. Scalability is a feature of cloud-based corporate software that enables firms to adapt resources to changing demand without having to make new infrastructure investments. Due to its intrinsic flexibility, distributed teams can collaborate and be more productive by having remote access to apps and data from any place. Additionally, pay-as-you-go pricing methods for cloud computing eliminate the need for upfront hardware expenditures and lower operating costs. It also provides data redundancy and improved security measures, reducing the dangers connected with on-premises storage. Cloud-based corporate software is becoming more and more popular across industries as companies place a greater emphasis on cost-effectiveness and agility.

Market Restraints of the Enterprise Software

Security Concerns to Limit the Sales

Businesses continue to have security concerns about cloud-based corporate software because of the possible hazards involved in storing sensitive data off-site. Even with the strong security measures that cloud service providers put in place, such as firewalls, encryption, and access controls, organizations are still concerned about data breaches, illegal access, and compliance problems. Furthermore, issues with data isolation and secrecy are brought up by the shared infrastructure architecture of cloud computing, particularly in settings with multiple tenants. Businesses are spending more money on extra security measures like data encryption, identity and access management, and recurring security audits in order to allay these concerns. Furthermore, strict contractual obligations and adherence to industry standards reduce risks and foste...

Snapshot img

Software Market Size 2025-2029

The software market size is forecast to increase by USD 30.7 billion, at a CAGR of 8.2% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing volume of enterprise data and the shift towards cloud computing. Businesses are recognizing the value of leveraging data to gain insights and make informed decisions, leading to a surge in demand for software solutions that can manage and analyze large data sets. Additionally, cloud computing is becoming the preferred deployment model for software, as it offers cost savings, flexibility, and scalability. However, the market also faces challenges that require careful navigation. High costs of licensing and support continue to be a significant obstacle for many organizations, particularly smaller businesses and startups. These costs can limit their ability to implement and maintain the software solutions they need to remain competitive. Furthermore, ensuring data security and privacy in a cloud environment is a major concern, as sensitive information is increasingly being stored and processed digitally. Companies must address these challenges effectively to capitalize on the opportunities presented by the market's growth and remain competitive in the evolving software landscape.

What will be the Size of the Software Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, with dynamic market activities unfolding across various sectors. Entities such as version control systems, software quality assurance, software licensing, API integration, software maintenance, data warehousing, unit testing, project management, database management, cost optimization, and others, are seamlessly integrated into the software development lifecycle. Cloud computing is transforming the way software is deployed and accessed, while user experience remains a key focus for developers. Agile methodologies and the waterfall methodology coexist, with the former gaining popularity for its flexibility and the latter for its structured approach. Data mining and data analytics are increasingly being used to gain insights from vast amounts of data, while software security and bug tracking are essential components of any development process. Machine learning and artificial intelligence are also making their mark, enhancing software functionality and improving user experience. Proprietary software and open source software each have their unique advantages, with CI/CD and DevOps streamlining the development process. Requirements gathering and user acceptance testing are crucial steps in ensuring software meets user needs, while code review and integration testing help maintain software quality. Technical support and software updates are ongoing requirements, with risk management and cost optimization essential for businesses to effectively manage their software investments. Business intelligence and software architecture are critical for making informed decisions and building scalable systems.

How is this Software Industry segmented?

The software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeSubscriptionsIdentity and access managementEndpoint/network/messaging/web securityRisk managementDeploymentCloud-basedOn-premisesSectorLarge enterprisesSmall and medium enterprisesApplicationCRMERPCybersecurityCollaboration ToolsGeographyNorth AmericaUSCanadaMexicoEuropeFranceGermanyItalyUKMiddle East and AfricaUAEAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By Type Insights

The subscriptions segment is estimated to witness significant growth during the forecast period.In the ever-evolving the market, subscription-based models are gaining significant traction as a key growth driver. This shift is driven by the increasing recognition of the benefits offered by these models, enabling businesses to adapt to their evolving needs. Subscription models provide flexibility, allowing companies to scale their software usage efficiently, adapting to expanding operations or streamlined processes. Additionally, these models promote cost optimization, enabling businesses to spread their software expenses over time, making it a more viable option for organizations of all sizes. The software development lifecycle is undergoing a transformation, with both waterfall and agile methodologies being adopted. Waterfall methodology, with its linear approach, is ideal for projects with well-defined requirements. In contrast, agile methodologies, with their iterative and collaborative nature, are more suitable for projects wit

With a CAGR of 10.5%, the assisted living software market size is expected to increase from USD 304.9 million in 2023 to USD 372.3 million by 2025 and USD 1.01 billion by 2035.

Metrics	Data
Industry Size (2025 E )	USD 372.3 million
Industry Value (2035 F )	USD 1.01 b illion
CAGR (2025 to 2035)	10.5%

Country-wise Analysis 2025 to 2035

Country	CAGR (2025 to 2035)
USA	9.8%
UK	8.5%
France	8.2%
Germany	8 %
Italy	7.5%
South Korea	9.2%
Japan	8.7%
China	10.5%
Australia	8.3%
New Zealand	7.9%

Competitive Outlook

Company Name	Estimated Market Share (%)
PointClickCare	22-26%
MatrixCare	18-22%
Eldermark	12-16%
AL Advantage	10-14%
Caremerge	8-12%
Other Players (Combined)	25-35%

The statistic shows the size of the utility software market worldwide, from 2018 to 2025. In 2020, the utility software market was valued at *** billion U.S. dollars globally, and it is forecast to grow to *** billion dollars by 2025, at compound annual growth rate (CAGR) of *** percent.

The global sales of sales platforms software is projected to be worth USD 65.6 billion in 2024 and expected to reach a value of USD 202.0 billion by 2034. Sales are estimated to rise at a CAGR of 11.9% over the forecast period between 2024 and 2034. The income created by sales platforms software in 2023 was USD 58.6 billion. The industry is projected to register a Y-o-Y growth of 11.7% in 2024.

Attributes	Key Insights
Historical Size, 2023	USD 58.6 billion
Estimated Size, 2024	USD 65.6 billion
Projected Size, 2034	USD 202.0 billion
Value-based CAGR (2024 to 2034)	11.7%

Semi Annual Market Update

Particular	Value CAGR
H1, 2023	11.5% (2023 to 2033)
H2, 2023	12.4% (2023 to 2033)
H1, 2024	11.3% (2024 to 2034)
H2, 2024	12.7% (2024 to 2034)

Country-wise Insights

Countries	Value CAGR (2024 to 2034)
USA	11.1%
Germany	10.1%
China	12.8%
India	13.3%
UK	12.2%

Category-wise Insights

Component	On-premises
Value Share (2024)	55.1%

Industry	Retail and E-commerce
Value Share (2024)	26.1%

The global contact center software market size reached USD 40.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 152.4 Billion by 2033, exhibiting a growth rate (CAGR) of 15.7% during 2025-2033. The growing consumer demand for seamless and personalized interactions with businesses, rising adoption of cloud-based solutions that offer enhanced flexibility, and integration of advanced technologies to improve user experience are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 40.9 Billion
Market Forecast in 2033	USD 152.4 Billion
Market Growth Rate 2025-2033	15.7%

IMARC Group provides an analysis of the key trends in each segment of the global contact center software market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on component, deployment mode, enterprise size, and end use.

Architect Software Market size was valued at USD 3.42 Billion in 2024 and is projected to reach USD 6.18 Billion by 2032, growing at a CAGR of 7.67% from 2026 to 2032.

Global Architect Software Market Definition

The Global Architect Software Market refers to the industry that provides software solutions specifically designed for architects and architectural firms to facilitate various stages of the architectural design process. Architect software offers a range of tools and features to assist architects in creating, analyzing, and visualizing building designs, improving productivity, accuracy, and efficiency.

These software solutions typically include computer-aided design (CAD) software, building information modeling (BIM) software, 3D modeling and rendering tools, project management software, and collaboration platforms. They enable architects to create detailed 2D and 3D designs, generate accurate architectural drawings, simulate building performance, analyze structural integrity, and incorporate elements such as lighting, acoustics, and HVAC systems.

Customer Service Software Market size was valued at USD 14.9 Billion in 2024 and is projected to reach USD 68.19 Billion by 2032, growing at a CAGR of 20.94% from 2026 to 2032.The market for customer service software is driven by a number of important factors, including the growing significance of providing excellent customer experiences and the improvements in technology that make it possible to provide more effective service solutions. First off, organisations are adopting sophisticated customer service software to better manage client contacts and quickly handle issues as a result of the growing emphasis on customer happiness and retention in fiercely competitive marketplaces. Second, in order to deliver consistent and flawless customer assistance, integrated software solutions are required due to the growth of digital transformation in various industries and the multiplicity of communication channels, such as social media, chatbots, and mobile apps. Furthermore, developments in machine learning and artificial intelligence (AI) expand the possibilities of customer support software. These developments allow for personalised replies, predictive analytics, and task automation, all of which greatly increase the effectiveness and calibre of services. Additionally, the COVID-19 pandemic's effects and shifting consumer preferences are fueling the increased need for self-service and remote support alternatives, which is supporting market growth as companies look to deploy flexible and scalable customer care solutions.

The global procurement software market is poised to grow from USD 7.9 billion in 2025 to USD 21.9 billion by 2035, expanding at a CAGR of 9.7%.

Metric	Value
Estimated Industry Size in 2025	USD 7.9 billion
Projected Industry Size in 2035	USD 21.9 billion
CAGR (2025 to 2035)	9.7%

Country-wise Insights

Countries	CAGR (2025 to 2035)
The USA	11.2%
The UK	9.8%
France	8.5%
Germany	9.2%
Italy	7.9%
South Korea	10.1%
Japan	9.0%
China	12.5%
Australia	8.7%
New Zealand	7.5%

The sales platform software market size was over USD 21.8 billion in 2024 and is expected to exceed USD 79.3 billion by the end of 2037, witnessing over 10.9% CAGR during the forecast period i.e., between 2025-2037. North America industry is predicted to account for a share of 38.1% owing to the swift rise in cloud-based solution adoption.

HR Software Market size was valued at USD 20.51 Billion in 2024 and is projected to reach USD 44.28 Billion by 2032, growing at a CAGR of 10.10% during the forecast period 2026-2032.HR Software Market DriversAutomation of HR Processes: The need to automate repetitive and time-consuming HR tasks is a significant driver. HR software solutions streamline processes such as payroll, attendance tracking, performance reviews, and benefits administration, freeing up HR personnel to focus on strategic initiatives.Cloud-Based Solutions: The shift to cloud-based HR software offers scalability, flexibility, and remote accessibility. Businesses can manage HR functions from anywhere, providing a seamless experience for remote and distributed workforces.