Business Software Industry Archives

Business Software Industry | Forecast 2030

The global market for business software was estimated at USD 71.11 billion in 2022 and is anticipated to increase at a CAGR of 11.3% from 2023 to 2030. Increasing enterprise data volumes and increased use of automation to improve business operations are expected to boost the demand for the business software market. For instance, in March 2022, International Business Machines Corporation partnered with Flexera, an IT management solutions provider, to launch AIOps solutions that help enterprises simplify IT asset management across multi-cloud and hybrid environments. The solutions help lower costs and automate complex tasks. The software continuously monitors and helps improve application performance and governance through dynamically rescheduling applications across hybrid and multi-cloud environments.

Access the Global Business Software Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Event Management Software Market Growth & Trends

The global event management software market size is expected to reach USD 17.33 billion by 2030 and grow at a CAGR of 12.5% from 2023 to 2030, according to a recent report from Grand View Research, Inc. To improve event experiences, the market will be increasingly associated with emerging technology. It involves incorporating virtual reality (VR), augmented reality (AR), robotics, and mixed reality (MR) into event venues to create immersive and interactive environments. Integration with IoT devices and wearables provides improved event tracking, customized experiences, and seamless interaction.Event management software focuses on providing customized event experiences and boosting engagement among attendees.

Software solutions are designed to respond to individual attendee preferences via features, such as customized agendas, targeted communications, and AI-powered suggestions, delivering a more personalized and interactive event engagement. Such software automates the process of registering and ticketing operations. It offers online application forms, computerized ticketing, secured payment handling, and attendance database administration. It facilitates attendance registration, reduces paperwork, eliminates errors, and allows organizations to gather and handle attendee data more effectively. It also handles sensitive participant data, such as financial and personal information. However, data privacy and security concerns can be significant roadblocks for enterprises evaluating the adoption of this software.

Order your copy of the Free Sample of “Business Software Industry Data Book – Event Management Software, ERP Software and Quality Management Software Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

ERP Software Market Growth & Trends

The global ERP software market is anticipated to reach at USD 123.41 billion by 2030, expanding at a CAGR of 11.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing application of ERP software in the retail, banking, utility, healthcare, and government sectors is expected to drive market demand. Organizations gain from the software’s increased operations, improved decision-making, and efficiency. As a result, the ERP software industry is expected to experience a significant increase in the forecast period offering a wide range of benefits to the stakeholders.

The cloud deployment of ERP software accounts for maximum revenue in 2022, owing to the COVID-19 pandemic’s increased use of cloud-based ERP software. Additionally, a growing volume of sizable data and an increase in the advantages of cloud technology in terms of data & remote accessibility, cheap maintenance, security, and efficiency are gaining ground in the market. Additionally, this market is anticipated to expand more quickly due to advantages including quicker implementation and ease of installation.

Quality Management Software Market Growth & Trends

The global quality management software market size is projected to reach USD 20.66 billion by 2030, registering a CAGR of 10.6% from 2023 to 2030, according to a new study by Grand View Research Inc.This growth can be attributed to various factors such as controlling business operational risk and compliance, better supplier visibility & control, and effective business decisions across organizations. QMS improves operating margins by evaluating performance effectiveness and improving the quality of finished products. It aids in the promotion of consistent and proper record-keeping by increasing employee awareness and reducing wastage & unnecessary expenses.

The consistent usage of QMS helps in reducing the frequency of quality issues and identifying areas of improvement for organizations. QMS helps remarkably in gaining cost-efficiency, particularly in the areas of rework, scrap, warranty cost reduction, and field service. As these cost reductions have a direct impact on the bottom-line profits without incurring any additional costs, there can be a significant rise in productivity and profitability. Due to the growing numbers of customers across developing countries such as, China and India, various market players are expanding their footprints to these countries to stay competitive in the market.

Competitive Landscape

The market is competitive with the presence of major players such as SAP SE; Microsoft Corporation; Oracle Corporation; Rockwell Automation Inc.; Honeywell International Inc.; Aventri Inc.; Sage Group, plc; NetSuite, Inc.; International Business Machines Corporation; and General Electric Co. Companies are adopting various growth strategies, such as mergers & acquisitions, partnerships, and new product launches to maintain their position in the competitive market. For instance, in June 2022, Epicor, an ERP software provider, acquired Data Interchange, a UK-based Electronic Data Interchange (EDI) provider that manages services and cloud technologies. With the addition of Data Interchange to the company’s B2B integration technologies portfolio, Epicor’s reach in European markets is increased. This allows customers to connect with business and trading partners, improve productivity, and add value to the supply chain

In today’s digital age, the consumption of video content has grown exponentially. For businesses looking to capitalize on this trend, Video on Demand (VOD) platforms offer an excellent opportunity to distribute their content and engage with their target audience. However, choosing the right VOD platform for your business is a crucial decision that can significantly impact your success in the online video market. In this blog, we’ll discuss the key considerations and steps to help you make an informed choice when selecting a VOD platform for your business.

Define Your Goals and Objectives:
- Start by clearly defining your business goals and objectives. What do you hope to achieve with your VOD platform? Whether it’s increasing revenue, expanding your audience, or building brand awareness, your goals will shape your platform selection.
Know Your Target Audience:
- Understanding your target audience is essential. Different VOD platforms cater to various demographics and interests. Make sure your chosen platform aligns with your audience’s preferences.
Content Type and Quality:
- Consider the type of content you want to deliver. Do you have high-quality, exclusive content, or are you looking for a platform to host user-generated content? Your content’s quality and format will affect your platform choice.
Monetization Options:
- Evaluate the monetization options offered by the VOD platforms. Common revenue models include subscription-based, pay-per-view, advertising-supported, or a combination of these. Choose a platform that aligns with your revenue goals.
Platform Features and Customization:
- Assess the features and customization options provided by each platform. Look for features like analytics, user management, and branding capabilities that match your business needs.
Licensing and Distribution Rights:
- Ensure that the VOD platform you choose supports your content licensing and distribution rights. Some platforms may require exclusive content, while others allow content creators more flexibility.
User Experience:
- User experience is critical for audience retention. Test the platforms you’re considering from a viewer’s perspective to evaluate their usability and functionality.
Technical Requirements:
- Review the technical requirements and capabilities of the VOD platforms. Ensure your content can be easily uploaded, streamed, and transcoded to various devices and screen sizes.
Marketing and Promotion:
- Assess the marketing and promotional tools the platform offers to help you reach a wider audience. Look for features like SEO optimization, social sharing, and email marketing integration.
Support and Customer Service:
- Consider the level of support and customer service provided by the VOD platform. Responsive support can be crucial when technical issues or questions arise.
Pricing and Revenue Share:
- Compare the pricing structures and revenue sharing models of different platforms. Ensure the cost aligns with your budget, and the revenue share is acceptable.
Scalability:
- Think about the scalability of the platform. Can it accommodate your growth, both in terms of content and audience, without incurring substantial additional costs?
Terms and Contracts:
- Carefully read and understand the terms and contracts associated with the platform. Be aware of any exclusivity clauses or long-term commitments.
Peer and Expert Reviews:
- Seek out reviews and feedback from content creators and industry experts who have experience with the platforms you’re considering.
Trial Period:
- Whenever possible, take advantage of trial periods or free tiers to test the platform before committing.

By considering these factors, you can make an informed decision when selecting a Video on Demand platform for your business. Keep in mind that the choice you make will impact your content’s visibility, your revenue potential, and your overall success in the VOD market. It’s essential to find a platform that aligns with your business goals and audience needs.

Business Software Industry Data Book | Forecast 2030

Business Software Industry Data Book – Event Management Software, ERP Software and Quality Management Software Market

Grand View Research’s business software industry database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Event Management Software Market Report Highlights

The services segment is anticipated to observe a CAGR of 13.3% during the forecast period. Event management software services assist firms in customizing and integrating software to meet their particular needs. The service vendors customize the software to fit the organization’s identity, workflows, and event needs

The cloud segment is anticipated to observe a CAGR of 13.7% during the forecast period. Cloud-based software combines smoothly with other business applications, such as customer relationship management, advertising automation, and accounting software. This interface improves data flow by eliminating the need for manually entering data and verification

Small and medium-sized enterprises (SMEs) are anticipated to observe a CAGR of 13.0% during the forecast period. Rising awareness among SMEs about event management software, as well as its affordability, flexibility, and potential to improve attendee experiences, is driving segment growth. Software vendors are also progressively adapting solutions to the specific needs and budgets of SMEs, propelling the product adoption

ERP Software Market Report Highlights

The cloud-based ERP solutions are anticipated to grow sizably over the forecast period. Businesses are gaining an understanding of the benefits of SaaS models for their growth

The supply chain segment is expected to grow with the fastest CAGR in response to the increasing adoption of ERP solutions in managing, managing, and maintaining supply chains

The small & medium-sized enterprises segment is expected to portray a high growth rate from 2023 to 2030. As the number of start-ups increases and government support for digital transformation and solutions rises, the segment is expected to grow

The government segment is anticipated to grow significantly, with the fastest CAGR over the forecast period. The rising need to streamline business operations and increasing dependency on data-driven decision-making are factors poised to drive segment growth in the forecast period

The Asia-Pacific regional market is expected to grow significantly in the forecast period due to ERP software’s large market penetration.

Quality Management Software Market Report Highlights

The document control segment is expected to experience growth over the forecast period. The solution helps in creating a central repository for paperwork.

Based on the deployment segment, cloud deployment is anticipated to register the fastest-growing CAGR from 2023 to 2030. The flexibility of adoption is contributing to the wide adoption of cloud-based QMS platforms. Additionally, the extra costs of hardware installation are eliminated which in turn reduces the overall cost.

The SME segment is anticipated to register a higher growth rate during the forecast period. The rising density of services providers and affordable QMS solutions are helping SMEs to implement QMS

The healthcare industry has the highest growth within the end-use segment. Software implementation in pharmaceutical companies is enhancing the quality of customer service worldwide

Competitive Landscape