The global software distribution market is expected to grow at a CAGR of 12.3% during the period 2022-2032. The market is valued at US$ 123 billion as of 2022, and by 2032, the market is expected to reach a valuation of US$ 392.38 billion.
Increasing demand for managing customer relationships using effective practices is expected to surge the demand for software distribution during the forecast period. In the current times, the key players in the IT sector are looking at ways to improve security. The usage of software distribution assists in checking the health of the software and also tracking necessary updates. Activities like installation/uninstallation, configuration, etc., can be performed through software distribution, which might increase the demand for software distribution.
The actions of all the users can be tracked using software distribution, and accordingly, customized reports can be generated. Therefore, these are used in educational institutions. Thus, an increase in the number of educational institutions is expected to increase the adoption of software distribution during the forecast period.
The implementation of software distribution can track important updates and immediately carry out the maintenance job. Thus, the kind of automation provided by the software distribution folder is expected to influence the software distribution market trends going ahead.
Attributes | Value |
---|---|
Software Distribution Market Value (2022) | US$ 123 Billion |
Software Distribution Market Forecast Value (2032) | US$ 392.38 Billion |
Software Distribution Market Expected CAGR (2022 to 2032) | 12.3% |
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A surging IT market is expected to present huge opportunities to the market. Apart from that, rapid penetration of the Internet in developing and underdeveloped nations are also presenting massive prospects to the software system distribution market.
Furthermore, increasing adoption of cloud-based software because of the low deployment cost and ease of access is expected to further surge the market growth. Apart from that, increased adoption of SaaS also presents massive opportunities in front of the market. Based on market research, the SaaS market is expected to grow at a CAGR of more than 12%, which represents a lot to cash upon.
Despite the guarantee offered by software distribution systems regarding data privacy, an increase in the number of cyber-attacks presents a massive threat in front of the market. Furthermore, the development of much more advanced technologies like Blockchain presents a massive challenge in front of the market.
Based on the end user, the IT and telecommunication segment is expected to have the largest market share. Massive amounts of data, coupled with an increase in demand for ease of access to data at a given point in time, make the IT and telecommunication segment the largest section. Furthermore, increased demand for data privacy in IT and telecommunication is also expected to surge the market growth.
Based on the region, the North American region currently has the largest market share. Massive technological advancements, coupled with a booming IT and E-commerce sector in the region, are expected to surge the market growth.
However, Asia-Pacific is the fastest-growing market. Massive investments in upgrading the existing technological infrastructure are one of the reasons driving this growth. Apart from that, an increase in the number of players providing this service is expected to surge the market growth.
Software Distribution market is segmented on the basis of delivery model, end user vertical and region. On the basis of delivery model, software distribution market can be segmented as physical delivery, electronic software distribution and Software-as-a-Service (SaaS).
Software Distribution market can be segmented according to end user vertical which includes public, retail, manufacturing, media & entertainment, transportation & logistics, IT & telecommunication, banking, financial service and insurance (BFSI), healthcare and energy & utility. Regionally, software distribution market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.
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Software Distribution market is witnessing steady growth and is anticipated to witness single digit CAGR during the projected period. North America was the dominant regional market in 2015 followed by Western Europe.
These two regions combined represented market share of more than 35%, but are expected to lose their share to some extent to other regions during the forecast period. Asia Pacific is expected to exhibit highest growth among all the regions due to evolving economy of countries such as India, Philippines and China.
Growing acceptance for digital delivery and services across developed and developing regions is accelerating the growth of software distribution market. The emergence of SaaS distribution model is anticipated to help the market grow at a greater CAGR. This can be attributed to factors such as decentralized consumption and working habits as well as cloud hosting space getting cheaper.
The key vendors in the software distribution market include Amazon.com, Google Corporation, Apple Inc., Salesforce.com Inc., Attachmate Corporation, Symantec Corporation, NEC Corporation and IBM Corporation. Major players in the software distribution boost their market share by enhancing sales channels across the globe.
Furthermore, introducing economical products & services is another strategy followed by major software distribution market vendors to gain competitive edge.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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