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.

The Report Covers Global Business Software and Services Market Analysis and is Segmented by Software Type (ERP Software, CRM Software, BI Software, and Supply Chain Software), Deployment (Cloud and On-Premise), End-User Vertical (BFSI, Healthcare, Public & Institutions, Retail, Transportation, Manufacturing, and Other End-User Verticals (Telecom, Defense, Etc. )), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The Market Size and Forecast are Provided in Terms of Value (USD) for all the Above Segments.

Enterprise software has the largest share of the overall software market, with worldwide revenues amounting to over 200 billion U.S. dollars in 2021, according to the Statista Technology Market Outlook. Due to the impact of the coronavirus (COVID-19) outbreak, the global software market growth slowed down considerably in 2020; however, the industry is expected to resume strong growth in 2021, with application development and enterprise software projected to mark the strongest revenue increase.

What is enterprise software?  

Enterprise software is the software primarily used to satisfy various business needs. It helps companies meet their goals by boosting enterprise productivity and efficiency – for example through helping to track and improve supply chains, interact with customers, or manage resources. There are a wide range of applications under the term “enterprise software”, with accounting software, office suites, human resource management (HRM) systems, and enterprise resource planning (ERP) being a few of them.

How do most global enterprises deploy their ERP solutions?  

Enterprise resource planning (ERP) is a type of software organizations used to manage day-to-day business activities like supply chain operations, accounting, or project management, among others. These software solutions can be deployed through different models. Most companies worldwide report on-premise solutions as their primary method for ERP deployment followed by cloud ERP systems and software-as-a-service solutions. Over 30 percent of companies worldwide reported cost overruns in their ERP implementation projects as of 2021.

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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 due to various business trends and challenges. The increase in enterprise data volume necessitates advanced solutions for data analytics and management. Cloud computing, a key trend, offers cost savings and flexibility through subscription-based models. However, high licensing and support costs continue to be a challenge for businesses. Artificial intelligence and machine learning are revolutionizing business processes through automation and predictive analytics. Blockchain technology, with its decentralized and secure nature, is gaining traction in various industries, including finance and healthcare, for data security and tokenization. Hybrid cloud solutions are becoming increasingly popular, offering the benefits of both public and private clouds.
Digital transformation is a major driver, with e-commerce and CRM systems leading the way. Network and data security are critical concerns, with zero trust security gaining popularity. Businesses are increasingly turning to managed services for cost savings and expertise. CRM and ERP systems are being integrated with cloud solutions for streamlined operations. Automation and business process optimization are key priorities for companies seeking competitive advantage.

What will be the Size of the Software Market During the Forecast Period?

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The market encompasses a vast array of solutions designed to optimize business processes, enhance security, and facilitate communication and transactions. With the global shift towards remote work and increased reliance on computing devices and internet communication, the market for software solutions has experienced significant growth. Security software, including access management, data protection, and network protection, has become a critical focus area due to the escalating cyber threats. Business process automation, network security, and cybersecurity software are key drivers in this market. Cloud platforms and cloud-based software solutions have gained traction, with an emphasis on zero trust architectures. 
Emerging technologies such as blockchain, artificial intelligence, and machine learning are also shaping the market's direction. The market for business management systems, HRM systems, healthcare, finance, and other sectors continues to expand, reflecting the growing importance of software in various industries. System-level security risks and cybersecurity concerns remain prominent challenges, necessitating ongoing innovation and development in software solutions.

How is this Software Industry segmented and which is the largest segment?

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.

Type

  Subscriptions
  Identity and access management
  Endpoint/network/messaging/web security
  Risk management


Deployment

  Cloud-based
  On-premises


Sector

  Large enterprises
  Small and medium enterprises


Geography

  North America

    Canada
    Mexico
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan


  South America



  Middle East and Africa

By Type Insights

The subscriptions segment is estimated to witness significant growth during the forecast period.

In the evolving market, the subscriptions segment is gaining significant traction as a primary growth driver. Organizations globally are transitioning to subscription-based software models, altering the software consumption landscape. Subscription models offer numerous advantages to businesses. Firstly, they provide flexibility by enabling companies to adjust their software usage based on their needs, allowing for swift adaptation to changing business requirements. Additionally, these models promote cost efficiency, enabling businesses to spread software expenses over time, making it an affordable option for organizations of all sizes. Furthermore, subscription models offer enhanced security features, including access management, data protection, and network protection, which are crucial in today's digital business environment.

The market encompasses various sectors, including application software, system infrastructure software, development software, deployment software, productivity software, and cloud-based solutions. Key areas of focus include e-commerce, AI, IoT, cybersecurity, ERP, CRM, SCM, cloud platforms, cloud-based software solutions, blockchain, hybrid architecture, machine learning, business management systems, HRM systems, finance, and managed services. Cybersecurity remains a significant concer

Global Software Products Market to hit USD 3040.45B by 2029 growing at 11.3% CAGR. Explore trends, drivers, and competition for strategic insights with The Business Research Company.

The global revenue in the software market was forecast to continuously increase between 2024 and 2029 by in total 194.1 billion U.S. dollars (+27.65 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 896.17 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the software market was continuously increasing over the past years.Find more information concerning Italy and the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

Europe Business Software Market is Segmented by Software Type (ERP Software, CRM Software, BI Software, Supply Chain Software), by Deployment (Cloud, On-Premise), by End-User Vertical (BFSI, Healthcare, Public & Institutions, Retail, Transportation, Manufacturing, Other End-User Verticals (Telecom, Defense, Etc. )), and by Country (UK, Germany, France, Italy, Spain, Poland, Benelux, Romania, Czech Republic, Hungary, Rest of Europe). The Market Sizes and Forecasts are Provided in Terms of Value (USD ) for all the Above Segments.

The US Software Market size is estimated to grow at a CAGR of around 7.17% during the forecast period 2024-30. Microsoft Corporation, Alphabet Inc., Oracle Corporation, McAfee Corporation and others are top companies in the US Software Market.

Compliance Software Market Report is Segmented by Type (Software, Services), by Deployment (Cloud, On-Premises), by End-User (BFSI, IT and Telecom, Healthcare, Aerospace and Defence, Energy and Utility, Other End-Users), by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The Enterprise Software Market size was valued at USD 233.13 Billion in 2023 and is projected to reach USD 561.58 Billion by 2031, growing at a CAGR of 12% from 2024 to 2031.

Key Market Drivers
Increased Adoption of Cloud-based Enterprise Software: The shift to cloud-based enterprise software has been a major driver of market growth in recent years. This growth is driven by benefits such as reduced IT infrastructure costs, improved scalability, and easier software updates.
Growing Need for Digital Transformation and Automation: Enterprises across various industries are increasingly adopting enterprise software to enable digital transformation and process automation. Enterprise software helps streamline operations, improve efficiency, and enhance decision-making capabilities.
Advancements in Artificial Intelligence and Machine Learning: The integration of artificial intelligence (AI) and machine learning (ML) capabilities into enterprise software is another key driver of market growth. These technologies enable advanced data analytics, predictive insights, and intelligent automation, helping organizations make more informed decisions and improve productivity.

The Report Covers Global Manufacturing Project Management Software Market Trends and is Segmented by Type of Deployment (Cloud-Based, On-Premises), End-User Vertical (Oil and Gas, IT and Telecom, Healthcare, Government, Other End-User Verticals), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD Billion for all the Above Segments.

The software market size is recorded to be USD 718.26 billion in 2024 and is expected to reach USD 2,088.89 billion by 2035, at a CAGR of 10.19%.

Enterprise Financial Management Software Market size was valued at USD 9.33 Billion in 2024 and is projected to reach USD 26.25 Billion by 2031, growing at a CAGR of 13.80% from 2024 to 2031.

Enterprise Financial Management Software Market Drivers

Digital Transformation Initiatives: Organizations across various sectors are increasingly adopting digital solutions to streamline operations. Enterprise Financial Management Software plays a crucial role in automating financial processes, improving accuracy, and enhancing decision-making, thereby driving market demand.

Growing Need for Real-Time Financial Data: As businesses become more data-driven, the demand for real-time financial insights is rising. Enterprise Financial Management Software enables companies to access up-to-date financial information, facilitating quicker and more informed decision-making, which is a significant market driver.

Regulatory Compliance and Risk Management: The increasing complexity of financial regulations and the need for robust risk management solutions are pushing companies to adopt sophisticated financial management software. These tools help organizations comply with regulations, mitigate risks, and avoid costly penalties, thus boosting market growth.

The Finite Element Analysis Software Market Report is Segmented by Deployment (On-Premise and Cloud), by Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprises), by Application (Construction, Electrical and Electronic Manufacturing, Aerospace and Defense, Oil, Gas, and Energy, Architecture and Planning, Technology Hardware and Software, Automotive, Other Applications), and by Geography (North America, Europe, Asia Pacific, Rest of the World). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Market Overview:

United States software market size is projected to exhibit a growth rate (CAGR) of 4.36% during 2024-2032. The growing demand in remote healthcare, patient management, and medical data analysis, increasing shift from on-premises software solutions to cloud-based services, and rising popularity of low-code and no-code development platforms represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	4.36%

Software is a collection of instructions, data, or programs used to operate computers and execute specific tasks. It is intangible and created through a process known as software development, which involves stages like planning, design, coding, testing, and maintenance. It can be broadly classified into two types, including system software, which provides the basic functions needed to operate a computer like operating systems device drivers, and application software that enables users to perform specific tasks, such as word processors, games, and business applications. It enhances productivity through the automation of tasks, facilitates analysis and data management, provides entertainment and educational resources, and enables communication and information access on a global scale. It helps businesses to operate and in decision-making processes through data analytics and artificial intelligence (AI). It also assists in organizing and simplifying daily activities, thereby improving quality of life. It operates across various industries, ranging from healthcare and education to finance and entertainment, serving as the backbone of both mundane and complex tasks. It is also used for automating repetitive tasks, such as scripting languages, task automation tools, and workflow automation platforms.

United States Software Market Trends:

At present, the rising digital transformation across various industries to improve efficiency, enhance customer experience, and innovate business processes and models represent one of the key factors impelling the market growth in the United States. Additionally, the increasing incorporation of AI and machine learning (ML) into various software applications, such as data analytics, business intelligence, and customer relationship management (CRM) to gain actionable insights, automate processes, and create more personalized experiences for users is bolstering the market growth in the country. Besides this, the growing shift from on-premises software solutions to cloud-based services like infrastructure as a service (LaaS), platform as a service (PaaS), and software as a service (SaaS) for remote working capabilities, data storage solutions, and scalable infrastructure is offering a favorable market outlook. In addition, the increasing emphasis on user experience (UX) and design in software development is encouraging software companies to create intuitive, user-friendly interfaces. This trend is also driven by the importance of UX as a key differentiator in software adoption and customer satisfaction. Furthermore, the growing popularity of low-code and no-code development platforms for enabling individuals without extensive programming knowledge to create applications is positively influencing the market. Apart from this, the rising demand for software solutions in remote healthcare, patient management, and medical data analysis, driven by the need for more efficient and accessible healthcare services, is strengthening the market growth in the country.

United States Software Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, deployment mode, enterprise size, and industry vertical.

Type Insights:

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• Application Software
  • Enterprise Resource Planning (ERP)
  • Customer Relationship Management (CRM)
  • Supply Chain Management (SCM)
  • Enterprise Collaboration Software
  • Enterprise Content Management (ECM) Software
  • Education Software
  • Others
• System Infrastructure Software
  • Network Management Systems (NMS)
  • Storage Software
  • Security Software
• Development and Deployment Software
  • Enterprise Data Management (EDM)
  • Business Analytics and Reporting Tools
  • Application Servers
  • Integration and Orchestration Middleware
  • Data Quality Tools
• Productivity Software
  • Office Software
  • Creative Software
  • Others
    

The report has provided a detailed breakup and analysis of the market based on the type. This includes application software (enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM), enterprise collaboration software, enterprise content management (ECM) software, education software, and others), system infrastructure software (network management systems (NMS), storage software, and security software), development and deployment software (enterprise data management (EDM), business analytics and reporting tools, application servers, integration and orchestration middleware, and data quality tools), and productivity software (office software, creative software, and others).

Deployment Mode Insights:

• On-premises
• Cloud-based
  

A detailed breakup and analysis of the market based on the deployment mode have also been provided in the report. This includes on-premises and cloud-based.

Enterprise Size Insights:

• Small and Medium-sized Enterprises
• Large Enterprises
  

The report has provided a detailed breakup and analysis of the market based on the enterprise size. This includes small and medium-sized enterprises and large enterprises.

Industry Vertical Insights:

• IT and Telecom
• BFSI
• Retail
• Government/Public Sector
• Energy and Utilities
• Healthcare
• Others
  

A detailed breakup and analysis of the market based on the industry vertical have also been provided in the report. This includes IT and telecom, BFSI, retail, government/public sector, energy and utilities, healthcare, and others.

Regional Insights:

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• Northeast
• Midwest
• South
• West
  

The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.

Competitive Landscape:

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Communication Software Market Report is Segmented by Deployment Model (On-Premise, Cloud), by Enterprise Size (Large Enterprises, Small and Medium Enterprises), by Type (Email Software, Instant Messaging Software, Social Networking Software, Video Conferencing Software, Voice Over Internet Protocol Software), by Industry Vertical (BFSI, Manufacturing, Retail, Healthcare, IT and Telecom, Others), by Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Productivity Tools Software Market was valued at USD 64.24 Billion in 2024 and is projected to reach USD 189.64 Billion by 2031, growing at a CAGR of 14.49% from 2024 to 2031.

Productivity Tools Software Market Drivers

Artificial Intelligence (AI) and Machine Learning (ML): AI-powered features like automated scheduling, task prioritization, and intelligent assistants are enhancing productivity and streamlining workflows.

Cloud Computing: Cloud-based solutions offer scalability, flexibility, and accessibility, making productivity tools more accessible and easier to deploy and manage.

Growing Demand for Collaboration and Teamwork: The need for seamless collaboration among teams, both within and across organizations, is driving the demand for collaborative tools like project management software, team messaging apps, and video conferencing platforms.

Data-Driven Decision Making: Businesses are increasingly relying on data-driven decision making. Productivity tools that provide valuable insights into employee performance, project progress, and workflow bottlenecks are in high demand.

The global event management software market is set to reach USD 82.3 billion, a significant increase from the 2025 valuation of USD 17 billion. The CAGR is estimated to be around 17.1%. As more and more organizations adopt digital solutions for event planning and staging, the demand for sophisticated event management software continues to grow at a remarkable speed.

Metrics	Values
Industry Size (2025E)	USD 17 billion
Industry Size (2035E)	USD 82.3 billion
CAGR (2025 to 2035)	17.1%

Country-wise Insights

Country	CAGR (2025 to 2035)
USA	16.2%
Germany	15.4%
UK	16.7%
China	17.6%
India	18.3%

Segment-wise Analysis

By Enterprise Size

Enterprise Size	Share (2025)
Large Enterprises	61.3%

By Deployment

Deployment	CAGR (2025 to 2035)
Cloud-Based	17.8%

Competition Outlook

Company Name	Estimated Market Share (%)
Cvent	20-25%
Bizzabo	15-20%
Eventbrite	10-15%
Aventri	8-12%
Hopin	5-10%
RainFocus	4-8%
Other Companies (combined)	30-38%

Cash Flow Management Software Market size was valued at USD 3.99 Billion in 2024 and is projected to reach USD 9.65 Billion by 2031, growing at a CAGR of 16.34% from 2024 to 2031.

Cash Flow Management Software Market Drivers

Growing Demand for Financial Visibility and Control: Businesses are increasingly recognizing the importance of having real-time visibility and control over their cash flow. Cash flow management software provides accurate, real-time financial data, helping businesses make informed decisions and maintain financial stability.

Adoption of Cloud-Based Solutions: The shift towards cloud-based software solutions is a significant driver. Cloud-based cash flow management software offers scalability, accessibility, and reduced IT costs. It allows businesses to access their financial data from anywhere, at any time, which is especially important for remote and hybrid work environments.

Increasing Complexity of Financial Transactions: As businesses expand and their financial transactions become more complex, the need for sophisticated cash flow management tools increases. Software solutions can handle complex transactions, multi-currency operations, and various financial scenarios, making them essential for modern businesses.

Global Parental Control Software Market will grow at a CAGR of 12.0% during the forecast period, with an estimated size and share crossing USD 3,409.39 million by 2032.