The Business Research Company’s latest report Software
Products Global Market Report 2020 covers Software Products market drivers,
Software Products market trends, Software Products market segments, Software
Products market growth rate, Software Products market major players, and
Software Products market size. The report provides in-depth analysis of the
impact of COVID-19 on the Software Products industry, along with revised market
numbers due to the effects of the coronavirus.
View Complete Report:
Software Products Global Market Report 2020 is the most
comprehensive report available on this market and will help gain a truly global
perspective as it covers 60 geographies. The chapter on the impact of COVID-19
gives valuable insights on supply chain disruptions, logistical challenges, and
other economic implications of the virus on the market. The chapter also covers
markets which have been positively affected by the pandemic.
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The global software products market is expected to grow from
$934.9 billion in 2019 to $944.2 billion in 2020 at a compound annual growth
rate (CAGR) of 1%. The low growth is mainly due to economic slowdown across
countries owing to the COVID-19 outbreak and the measures to contain it. The
market is then expected to recover and grow at a CAGR of 11% from 2021 and
reach $1281.3 billion in 2023.
The global software products market is segmented by type
into operating systems & productivity software publishing, database,
storage & backup software publishing, business analytics & enterprise
software, video game software, design, editing & rendering software, by
application into large enterprises, small and medium enterprises, by end-user
industry into BFSI, media and entertainment, it and telecommunications, energy
and utilities, government and public sector, retail and consumer goods,
manufacturing, others. Subsegments covered are 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.
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