LONDON, Aug. 30, 2016 /PRNewswire/ -- Software product companies develop, market and distribute software products for commercial and personal use. Products are usually sold in the form of licenses to use the software for a specified period or permanently. The license generally entitles the buyer to receive updates of the programs.
The Americas was the largest geographic market in the software products market in 2015, accounting for $xx billion or xx% of the global market. This was mostly due to strong IP protection and wide use of software products such as ERP, CRM and various operating systems (OS).Europe was the second largest geographic market, accounting for $xx billion or xx% of the global market. Asia was the third largest geographic market, accounting for $xx billion or xx% of the global market.The Middle East and Africa accounted for xx% and $xx billion, while Oceania accounted for xx% of the global media market.
Global per capita software products consumption grew from $xx in 2011 to $xx in 2015 at a CAGR of xx%. This was due to increased spending for business related software such as customer relationship management (CRM) ,enterprise resource planning (ERP) from finance ,manufacturing and IT companies and software product license upgrades and renewals from individual customers and commercial establishments. It is expected to grow to $xx in 2019 at a CAGR of xx%.
The number of mergers and acquisitions in the software products industry is increasing. Large companies are acquiring small companies to increase their product and service offerings. High-performance cloud computing businesses and enterprise software vendors are the main acquisition targets for software product companies. For example, IBM Corporation recently acquired SPSS Statistics, Cognos Inc., SoftLayer Technologies Inc. and Varicent Software Inc .
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