Business Software and Services Market Size, Share, and Trends 2024 to 2034

The global business software and services market size is calculated at USD 665.39 billion in 2025 and is forecasted to reach around USD 1,833.36 billion by 2034, accelerating at a CAGR of 11.92% from 2025 to 2034. The North America market size surpassed USD 178.36 billion in 2024 and is expanding at a CAGR of 12.10% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1612
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Business Software and Services Market 

5.1. COVID-19 Landscape: Business Software and Services Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Business Software and Services Market, By Software Type

8.1. Business Software and Services Market, by Software Type

8.1.1. Finance

8.1.1.1. Market Revenue and Forecast

8.1.2. Sales & Marketing

8.1.2.1. Market Revenue and Forecast

8.1.3. Human Resource

8.1.3.1. Market Revenue and Forecast

8.1.4. Supply Chain

8.1.4.1. Market Revenue and Forecast

8.1.5. Others

8.1.5.1. Market Revenue and Forecast

Chapter 9. Global Business Software and Services Market, By Service Type

9.1. Business Software and Services Market, by Service Type

9.1.1. Consulting

9.1.1.1. Market Revenue and Forecast

9.1.2. Managed Services

9.1.2.1. Market Revenue and Forecast

9.1.3. Support & Maintenance

9.1.3.1. Market Revenue and Forecast

Chapter 10. Global Business Software and Services Market, By Deployment Type 

10.1. Business Software and Services Market, by Deployment Type

10.1.1. Cloud

10.1.1.1. Market Revenue and Forecast

10.1.2. On-premise

10.1.2.1. Market Revenue and Forecast

Chapter 11. Global Business Software and Services Market, By Enterprise Type

11.1. Business Software and Services Market, by Enterprise Type

11.1.1. Large Enterprises

11.1.1.1. Market Revenue and Forecast

11.1.2. Small Enterprises

11.1.2.1. Market Revenue and Forecast

11.1.3. Medium Enterprises

11.1.3.1. Market Revenue and Forecast

Chapter 12. Global Business Software and Services Market, By End Use Type

12.1. Business Software and Services Market, by End Use

12.1.1. Aerospace & Defense

12.1.1.1. Market Revenue and Forecast

12.1.2. BFSI

12.1.2.1. Market Revenue and Forecast

12.1.3. Government

12.1.3.1. Market Revenue and Forecast

12.1.4. Healthcare

12.1.4.1. Market Revenue and Forecast

12.1.5. IT & Telecom

12.1.5.1. Market Revenue and Forecast

12.1.6. Others

12.1.6.1. Market Revenue and Forecast

Chapter 13. Global Business Software and Services  Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Software

13.1.2. Market Revenue and Forecast, by Service

13.1.3. Market Revenue and Forecast, by Deployment

13.1.4. Market Revenue and Forecast, by Enterprise

13.1.5. Market Revenue and Forecast, by End Use

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Software

13.1.6.2. Market Revenue and Forecast, by Service

13.1.6.3. Market Revenue and Forecast, by Deployment

13.1.6.4. Market Revenue and Forecast, by Enterprise

13.1.7. Market Revenue and Forecast, by End Use  

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Software

13.1.8.2. Market Revenue and Forecast, by Service

13.1.8.3. Market Revenue and Forecast, by Deployment

13.1.8.4. Market Revenue and Forecast, by Enterprise

13.1.8.5. Market Revenue and Forecast, by End Use

13.2. Europe

13.2.1. Market Revenue and Forecast, by Software

13.2.2. Market Revenue and Forecast, by Service

13.2.3. Market Revenue and Forecast, by Deployment

13.2.4. Market Revenue and Forecast, by Enterprise  

13.2.5. Market Revenue and Forecast, by End Use  

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Software

13.2.6.2. Market Revenue and Forecast, by Service

13.2.6.3. Market Revenue and Forecast, by Deployment

13.2.7. Market Revenue and Forecast, by Enterprise  

13.2.8. Market Revenue and Forecast, by End Use  

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Software

13.2.9.2. Market Revenue and Forecast, by Service

13.2.9.3. Market Revenue and Forecast, by Deployment

13.2.10. Market Revenue and Forecast, by Enterprise

13.2.11. Market Revenue and Forecast, by End Use

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Software

13.2.12.2. Market Revenue and Forecast, by Service

13.2.12.3. Market Revenue and Forecast, by Deployment

13.2.12.4. Market Revenue and Forecast, by Enterprise

13.2.13. Market Revenue and Forecast, by End Use

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Software

13.2.14.2. Market Revenue and Forecast, by Service

13.2.14.3. Market Revenue and Forecast, by Deployment

13.2.14.4. Market Revenue and Forecast, by Enterprise

13.2.15. Market Revenue and Forecast, by End Use

13.3. APAC

13.3.1. Market Revenue and Forecast, by Software

13.3.2. Market Revenue and Forecast, by Service

13.3.3. Market Revenue and Forecast, by Deployment

13.3.4. Market Revenue and Forecast, by Enterprise

13.3.5. Market Revenue and Forecast, by End Use

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Software

13.3.6.2. Market Revenue and Forecast, by Service

13.3.6.3. Market Revenue and Forecast, by Deployment

13.3.6.4. Market Revenue and Forecast, by Enterprise

13.3.7. Market Revenue and Forecast, by End Use

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Software

13.3.8.2. Market Revenue and Forecast, by Service

13.3.8.3. Market Revenue and Forecast, by Deployment

13.3.8.4. Market Revenue and Forecast, by Enterprise

13.3.9. Market Revenue and Forecast, by End Use

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Software

13.3.10.2. Market Revenue and Forecast, by Service

13.3.10.3. Market Revenue and Forecast, by Deployment

13.3.10.4. Market Revenue and Forecast, by Enterprise

13.3.10.5. Market Revenue and Forecast, by End Use

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Software

13.3.11.2. Market Revenue and Forecast, by Service

13.3.11.3. Market Revenue and Forecast, by Deployment

13.3.11.4. Market Revenue and Forecast, by Enterprise

13.3.11.5. Market Revenue and Forecast, by End Use

13.4. MEA

13.4.1. Market Revenue and Forecast, by Software

13.4.2. Market Revenue and Forecast, by Service

13.4.3. Market Revenue and Forecast, by Deployment

13.4.4. Market Revenue and Forecast, by Enterprise

13.4.5. Market Revenue and Forecast, by End Use

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Software

13.4.6.2. Market Revenue and Forecast, by Service

13.4.6.3. Market Revenue and Forecast, by Deployment

13.4.6.4. Market Revenue and Forecast, by Enterprise

13.4.7. Market Revenue and Forecast, by End Use

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Software

13.4.8.2. Market Revenue and Forecast, by Service

13.4.8.3. Market Revenue and Forecast, by Deployment

13.4.8.4. Market Revenue and Forecast, by Enterprise

13.4.9. Market Revenue and Forecast, by End Use

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Software

13.4.10.2. Market Revenue and Forecast, by Service

13.4.10.3. Market Revenue and Forecast, by Deployment

13.4.10.4. Market Revenue and Forecast, by Enterprise

13.4.10.5. Market Revenue and Forecast, by End Use

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Software

13.4.11.2. Market Revenue and Forecast, by Service

13.4.11.3. Market Revenue and Forecast, by Deployment

13.4.11.4. Market Revenue and Forecast, by Enterprise

13.4.11.5. Market Revenue and Forecast, by End Use

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Software

13.5.2. Market Revenue and Forecast, by Service

13.5.3. Market Revenue and Forecast, by Deployment

13.5.4. Market Revenue and Forecast, by Enterprise

13.5.5. Market Revenue and Forecast, by End Use

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Software

13.5.6.2. Market Revenue and Forecast, by Service

13.5.6.3. Market Revenue and Forecast, by Deployment

13.5.6.4. Market Revenue and Forecast, by Enterprise

13.5.7. Market Revenue and Forecast, by End Use

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Software

13.5.8.2. Market Revenue and Forecast, by Service

13.5.8.3. Market Revenue and Forecast, by Deployment

13.5.8.4. Market Revenue and Forecast, by Enterprise

13.5.8.5. Market Revenue and Forecast, by End Use

Chapter 14. Company Profiles

14.1. Epicor Software Corporation

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Infor Inc.

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Oracle Corporation

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Microsoft Corporation

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Acumatica Inc.

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Unit4

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. International Business Machines Corporation

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. NetSuite Inc.

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Totvs SA

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. SYSPRO

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

According to Precedence Research, the global business software and services market size was reached at USD 594.53 billion in 2024 and is anticipated to rake USD 1,833.36 billion by 2034.

The global business software and services market is expected to drive growth at a CAGR of 11.92% from 2025 to 2034.

The major players operating in the business software and services market are Epicor Software Corporation, Infor Inc., Oracle Corporation, Microsoft Corporation, Acumatica Inc., Unit4, International Business Machines Corporation, NetSuite Inc., Totvs SA, and SYSPRO.

The business software and services market is expected to grow due to a significant increase in the deployment of business software and services for inventory cost reduction, better strategic decision making, increased profitability, and allowing businesses to enhance their market position.

North America region will lead the global business software and services market in near future.

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