Forecast: US Software Market Projected to Achieve 7.17% CAGR by 2030

A Quick Overview of US Software Market

The key object of this report on the US Software Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

The size of the US Software Market size is estimated to grow at a CAGR of around 7.17% from 2024 to 2030. There are several factors contributing to the expansion of the industry such as -----

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Market Dynamics:

Trend-

Edge Computing Gaining Momentum – Due to the growing demand for real-time data processing, lower latency, and increased bandwidth efficiency, edge computing has become a prominent trend in the US Software Market. There is an increasing need for software solutions that can conduct data analysis and decision-making closer to the data source due to the spread of the Internet of Things (IoT) devices and the explosion of data generated at the edge of the network. This is made possible by edge computing, which decentralizes data processing and shifts computational duties to devices, sensors, and edge servers that are located closer to the data generation locations. Software firms are creating edge-native platforms and apps that take advantage of edge computing infrastructure to maximize bandwidth usage, give real-time insights, and enhance reaction times.

US Software Market Report Segmentation:

The report by MarkNtel Advisors on US Software Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Type

Application Software- Market Size & Forecast 2019-2030F, USD Million
- Enterprise Resource Planning- Market Size & Forecast 2019-2030F, USD Million
- Customer Resource Planning- Market Size & Forecast 2019-2030F, USD Million
- Supply Chain Management (SCM)- Market Size & Forecast 2019-2030F, USD Million
- Enterprise Content Management (ECM) Software- Market Size & Forecast 2019-2030F, USD Million
- Others- (Education Software, Enterprise Collaboration Software, etc.)- Market Size & Forecast 2019-2030F, USD Million
System Infrastructure Software
- Network Management Software- Market Size & Forecast 2019-2030F, USD Million
- Storage Software- Market Size & Forecast 2019-2030F, USD Million
- Security Software- Market Size & Forecast 2019-2030F, USD Million
Development & Deployment Software
- Enterprise Data Management- Market Size & Forecast 2019-2030F, USD Million
- Business Analytics & Reporting Tools- Market Size & Forecast 2019-2030F, USD Million
- Application Services- Market Size & Forecast 2019-2030F, USD Million
- Data Quality Tools- Market Size & Forecast 2019-2030F, USD Million
Productivity Software
- Office Software- Market Size & Forecast 2019-2030F, USD Million
- Creative Software- Market Size & Forecast 2019-2030F, USD Million

By Deployment

Cloud- Market Size & Forecast 2019-2030F, USD Million
On-Premises- Market Size & Forecast 2019-2030F, USD Million

By Enterprise Size

Small & Medium Enterprises- Market Size & Forecast 2019-2030F, USD Million
Large Enterprises- Market Size & Forecast 2019-2030F, USD Million

By End User

IT & Telecom- Market Size & Forecast 2019-2030F, USD Million
BFSI- Market Size & Forecast 2019-2030F, USD Million
Retail- Market Size & Forecast 2019-2030F, USD Million
Government/ Public Sector- Market Size & Forecast 2019-2030F, USD Million
Others (Healthcare, Energy & Utilities, etc.)- Market Size & Forecast 2019-2030F, USD Million

In the US software industry, one of the top segments historically has been the Banking, Financial Services and Insurance (BFSI) sector. For a variety of tasks, such as customer relationship management (CRM), risk management, fraud detection, electronic trading, and regulatory compliance, the BFSI sector significantly depends on software solutions.

By Region

North-East
Mid-West
West
South

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Some of the Top US Software Companies in the Market

In the fast-changing US Software Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

Microsoft Corporation
Alphabet Inc.
Oracle Corporation
McAfee Corporation
Nortonlifelock Inc.
Adobe Inc.
Vmware Inc.
Cisco Systems. Inc.
Splunk, Inc.
NVIDIA Corporation
Others (International Business Machine Corporation (IBM), Intuit, Inc., etc.)

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