Market Overview:
The global packaged software market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The market growth is attributed to the increasing demand for packaged software in various end-user industries such as retail, healthcare, information technology, and mobile payment. North America dominates the global packaged software market and is expected to maintain its dominance during the forecast period owing to technological advancements and rising demand from various end-user industries in this region. Asia Pacific is projected to be the fastest growing region during the forecast period owing to increasing adoption of packaged software in developing countries such as China and India.
Product Definition:
Packaged software is a type of software that has been developed for a specific purpose and is ready to use. It is often delivered in a physical format, such as CD-ROMs or DVDs, but can also be delivered electronically. Packaged software is typically sold through retail channels, but it can also be licensed to other organizations.
-Ease of installation: Packaged software is typically easy to install, as all the necessary files are included in the package.
-Ease of use: The user interface for packaged software is usually well designed and easy to learn.
-Wide range of applications: Packaged software typically offers a wide range of applications that can meet most users' needs.
Global Packaged Software Market Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027:
Global packaged software market was valued at USD 97.6 billion in 2016 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2017 to 2027. The global market has been experiencing tremendous growth over the past few years on account of increasing demand for cloud-based solutions coupled with rising adoption of SaaS applications across various industry verticals including BFSI, IT & telecom, healthcare, and retail among others.
On-Premise:
On-premise software is a type of packaged software that is installed and used directly by the end-users or consumers. The installation process usually requires physical access to the consumer’s machine such as a PC, laptop, server, etc. for installing the software on it. On-premise Software solutions do not require an internet connection for its operation; hence it can be used anywhere irrespective of whether there is an internet connection or not.
Application Insights:
The financial service application segment accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The increasing penetration of smartphones coupled with growing demand for mobile payment solutions is anticipated to drive this application segment over the forecast period.
The retail application segment was valued at USD 1,252.0 million in 2016 owing to a rise in e-commerce activities across various regions coupled with an increase in consumer preference for shopping online has led retailers worldwide towards adopting cloud-based applications which offer them flexibility and scalability along with advanced security features required by modern businesses. This trend is expected to continue over the next seven years as retailers worldwide are increasingly realigning their business strategies towards digital transformation initiatives that will enable them offer enhanced customer experience through innovative technology while enhancing profitability margins thereby driving growth of this segment further.
Regional Analysis:
North America is expected to be the largest regional market over the forecast period owing to early adoption of technology and presence of major global players. The Asia Pacific region is anticipated to witness significant growth in future due to increasing penetration of IT services and implementation of latest technologies by various organizations for improving their business operations.
The Asia Pacific region has been witnessing rapid growth in mobile banking, payment applications, e-commerce, M2M devices deployment, etc., which will drive the demand for global packaged software in this region. Moreover, rising awareness regarding COVID-19 infection among people will also propel market growth over the forecast period.
Asia Pacific was followed by North America that accounted for a revenue share of more than 25% in 2017 owing to early adoption trends observed across economies such as U.S.
Growth Factors:
- Increasing demand for packaged software from small and medium businesses (SMBs) due to the growing need for automation and efficiency.
- The increasing trend of BYOD (Bring Your Own Device) in organizations, which is driving the demand for packaged software that can be used on different devices.
- Rapid technological advancements that are resulting in new and innovative software products being launched in the market, thereby driving the demand for packaged software.
- Growing acceptance of cloud-based solutions among businesses, which is leading to an increase in spending on packaged software licenses that are hosted on cloud platforms.
Scope Of The Report
Report Attributes
Report Details
Report Title
Packaged Software Market Research Report
By Type
Global Packaged Software Market Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027, On-Premise, Cloud-Based
By Application
Financial Service, Retail, Healthcare, Information Technology, Mobile Payment, Others
By Companies
Microsoft, Oracle, SAP, Apple, Micro Focus, Broadcom, Citrix, Fujitsu, HCL Technologies, Hewlett-Packard, Hitachi, Intel, Kaspersky, NEC, IBM, NetApp, Trend Micro, VMware
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Packaged Software Market Report Segments:
The global Packaged Software market is segmented on the basis of:
Types
Global Packaged Software Market Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027, On-Premise, Cloud-Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Financial Service, Retail, Healthcare, Information Technology, Mobile Payment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microsoft
- Oracle
- SAP
- Apple
- Micro Focus
- Broadcom
- Citrix
- Fujitsu
- HCL Technologies
- Hewlett-Packard
- Hitachi
- Intel
- Kaspersky
- NEC
- IBM
- NetApp
- Trend Micro
- VMware
Highlights of The Packaged Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Global Packaged Software Market Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
- On-Premise
- Cloud-Based
- By Application:
- Financial Service
- Retail
- Healthcare
- Information Technology
- Mobile Payment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Packaged Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Packaged software is a type of software that comes in a physical or electronic package. This package usually includes the software itself, documentation, and sometimes other materials.
Some of the major players in the packaged software market are Microsoft, Oracle, SAP, Apple, Micro Focus, Broadcom, Citrix, Fujitsu, HCL Technologies, Hewlett-Packard, Hitachi, Intel, Kaspersky, NEC, IBM, NetApp, Trend Micro, VMware.
The packaged software market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Packaged Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Packaged Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Packaged Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Packaged Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Packaged Software Market Size & Forecast, 2020-2028
4.5.1 Packaged Software Market Size and Y-o-Y Growth
4.5.2 Packaged Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Global Packaged Software Market Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
5.2.2 On-Premise
5.2.3 Cloud-Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Financial Service
6.2.2 Retail
6.2.3 Healthcare
6.2.4 Information Technology
6.2.5 Mobile Payment
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Packaged Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Packaged Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Global Packaged Software Market Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
9.6.2 On-Premise
9.6.3 Cloud-Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Financial Service
9.10.2 Retail
9.10.3 Healthcare
9.10.4 Information Technology
9.10.5 Mobile Payment
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Global Packaged Software Market Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
10.6.2 On-Premise
10.6.3 Cloud-Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Financial Service
10.10.2 Retail
10.10.3 Healthcare
10.10.4 Information Technology
10.10.5 Mobile Payment
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Global Packaged Software Market Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
11.6.2 On-Premise
11.6.3 Cloud-Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Financial Service
11.10.2 Retail
11.10.3 Healthcare
11.10.4 Information Technology
11.10.5 Mobile Payment
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Global Packaged Software Market Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
12.6.2 On-Premise
12.6.3 Cloud-Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Financial Service
12.10.2 Retail
12.10.3 Healthcare
12.10.4 Information Technology
12.10.5 Mobile Payment
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Global Packaged Software Market Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
13.6.2 On-Premise
13.6.3 Cloud-Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Financial Service
13.10.2 Retail
13.10.3 Healthcare
13.10.4 Information Technology
13.10.5 Mobile Payment
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Packaged Software Market: Competitive Dashboard
14.2 Global Packaged Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft
14.3.2 Oracle
14.3.3 SAP
14.3.4 Apple
14.3.5 Micro Focus
14.3.6 Broadcom
14.3.7 Citrix
14.3.8 Fujitsu
14.3.9 HCL Technologies
14.3.10 Hewlett-Packard
14.3.11 Hitachi
14.3.12 Intel
14.3.13 Kaspersky
14.3.14 NEC
14.3.15 IBM
14.3.16 NetApp
14.3.17 Trend Micro
14.3.18 VMware
