Pension Fund Management Software Global Market Report 2023 – By Deployment Mode (Cloud, Hybrid, On-Premise), By Enterprise Size (Small And Medium-Sized Firms, Large Firms), By Application (Android, Web-based, iPhone), By End-User (Banking, Credit Unions, Financial Institutions) – Market Size, Trends, And Global Forecast 2023-2032

Time and attendance software is a business tool used to monitor and optimise employee work hours as well as keep track of earnings and salaries paid. A primary purpose of time and attendance system is used to monitor employee attendance at a specific location or activity. The main component of time and attendance software are software and services. Time and attendance software is a business program that tracks and optimizes the number of hours people work while keeping track of earnings and salaries paid. Organizations of all sizes and industries use time and attendance systems to ensure the accuracy of employee time and attendance, pay, and absence requests. The various types of time and attendance track are timecards, proximity cards badges and key fobs, biometric, web-based login stations, interactive voice response (IVR), which is deployment mode on-premises, cloud, and hybrid. These software are used by large enterprises, small and medium enterprises (SMEs), that are applied under multiple verticals such as Banking, Financial Services and Insurance(BFSI), manufacturing, healthcare, government, retail and e-commerce, IT and telecom, education, and others. The global time and attendance software market is segmented - 1) By Component: Software, Services 2) By Type: Time Cards, Proximity Cards Badges And Key Fobs, Biometric, Web-Based Login Stations, Interactive Voice Response (IVR) 3) By Deployment Mode: On-Premise, Cloud, Hybrid 4) By Organisation Size: Large Enterprises, Small and Medium Enterprises (SMEs) 5) By Industry Verticals: Banking, Financial Services and Insurance (BFSI), Manufacturing, Healthcare, Government, Retail and E-Commerce, IT and Telecom, Education, Other Industry Verticals The global time and attendance software market size is expected to grow from $2.80 billion in 2022 to $3.11 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the time and attendance software market size is expected to grow to $4.68 billion in 2027 at a CAGR of 10.7%. The rise in the usage of automation tools in human resource management (HRM) systems is expected to propel the growth of the time and attendance software market going forward. Automation of human resources (HR) is a technique for managing workers by employing software to automate and streamline time-consuming, repetitive processes. Automating HR functions can save time by allowing workers to focus on more important or challenging duties. Additionally, it can enhance security, boost productivity, and reduce human error likelihood, thus increasing the demand for time and attendance software. For instance, in February 2021, according to an article published by Oracle NetSuite, 47% of companies will use AI-based solutions in human resources by 2022. Therefore, using automation tools in human resource management (HRM) systems will drive the time and attendance software market. Major players in the time and attendance software market are Automatic Data Processing (ADP) Inc., Ultimate Kronos Group (UKG) Inc., Ceridian HCM Inc., Paycor Inc., SAP SE, Replicon, Oracle Corporation, Workday Inc., Zoho Corporation Pvt. Ltd., Nettime solutions, Reflexis Systems Inc., Paycom Payroll LLC, Rippling People Center Inc., Civica, and Atoss Software AG. Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the time and attendance software market. Key players operating in the time and attendance software market are focused on partnerships and collaborations to reinforce their position. For instance, in May 2022, Greenshades, Inc., a US-based creator of a platform for processing payroll taxes and human capital management (HCM) data, partnered with Lathem Time, a US-based designer and manufacturer of timekeeping products. This collaboration is intended to integrate each other's systems to create new, cutting-edge, end-to-end labor management solutions. Moreover, in September 2021, Timerack, a US-based human resources management program developer, intended to serve as a front-end payroll system partnered with Coats Staffing Software to provide necessary software solutions to time and attendance, payroll, employee monitoring, and recruitment problems in the staffing industry. Coats Staffing Software is a US-based recruitment company that provides fully comprehensive accounting integrated CRM and payroll services. In October 2020, Justworks, Inc., a US-based human resource technology company, acquired Boomr for an undisclosed amount. With this acquisition, Justworks will broaden its all-in-one offering to serve a broader range of small businesses and deepen its portfolio of timecard and payroll features for a growing segment of its customers. Boomr is a US-based developer of a comprehensive employee time tracking application. North America was the largest region in the time and attendance software market in 2022. The regions covered in the time and attendance software report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the time and attendance software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The time and attendance software market include revenues earned by entities by type including mechanical systems, timesheets, face reader, retinal recognition, punch card reader, and smart card reader. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The time and attendance software market research report is one of a series of new reports from The Business Research Company that provides time and attendance software market statistics, including time and attendance software industry global market size, regional shares, competitors with a time and attendance software market share, detailed time and attendance software market segments, market trends and opportunities, and any further data you may need to thrive in the time and attendance software industry. This time and attendance software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Sustainability and energy management software is a digital solution that automates specific operations to monitor energy and sustainability management and energy use. It contains a database on money, energy, resources, and other vital things. These parameters support businesses in monitoring, analysing, and controlling activities. The main type of sustainability and energy management software are cloud based and on-premise. The cloud refers to the databases and software that run on servers that can access over the internet. It connects the specific controllers and the connected sensors, such as the digital power reading meters, through the internet for energy-saving control. The different module used are utility data management, carbon reporting and management, sustainability reporting and management, energy optimization, facility and asset management, and compliance management, that are used in automotive, construction, manufacturing, oil and gas, pharmaceutical, utilities and energy. The global sustainability and energy management software market is segmented - 1) By Software: Cloud based, On-Premise 2) By Module: Utility data management, Carbon reporting & management, Sustainability reporting & management, Energy Optimization, Facility and asset Management, Compliance Management 3) By End User: Automotive, Construction, Manufacturing, Oil and Gas, Pharmaceutical, Utilities and Energy The global sustainability and energy management software market size is expected to grow from $1.18 billion in 2022 to $1.34 billion in 2023 at a compound annual growth rate (CAGR) of 13.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sustainability and energy management software market size is expected to reach $2.16 billion in 2027 at a CAGR of 12.5%. The increase in investments in environment, health & safety (EH&S), and sustainability software is a key factor for driving the sustainability software market. Energy management software facilitates the reduction of energy expenses and use. It is used to maximize energy efficiency and sustainability, and energy management software can aid cost reduction, carbon footprint reduction, and quality energy enhancement. For instance, in February 2022, ArcelorMittal, a Europe-based steel manufacturing corporation, announced a €1.7 billion investment program by 2030 at its French steelmaking operations in Fos-sur-Mer and Dunkirk, with help from the French government while retaining equal production capacities. This investment would enable a dramatic transformation of steelmaking in France and a total decrease of ArcelorMittal's CO2 emissions in France of close to 40%, or 7.8 million tonnes per year, by 2030. This transition will result in a 10% reduction in greenhouse gas emissions from France's manufacturing industry. Therefore, an increase in investment in environment, health and safety and sustainability software will drive the sustainability and energy management software. Major players in the sustainability and energy management software market are International Business Machines Corporation, Enablon, FIGBYTES Inc., Schneider Electrics, Urjanet, SAP SE, ICONICS Inc., Envizi, UL EHS Sustainability, Ecova Inc., Verisae, Gensuite LLc, Thinkstep, Accuvio, Gensuite LLC, Accruent LLC, Sphera, and British Energy Saving Technology. The adoption of smart meters and smart grids is a key trend gaining popularity in the smart water metering market. IoT-based smart meters and grids are nonstandard computing devices that can wirelessly connect to a network and transfer data. Major players operating in the smart meters and grids market are focused on developing advanced IoT-based metering systems to strengthen their market position. For Instance, in April 2021, a report published by The Edison Foundation's Institute for Electric Innovation, a US-based non-profit organisation, the Smart meter installations in the United States reached 107 million in 2020 and are expected to reach 115 million in 2021. Furthermore, in March 2021, Itron, Inc., a US-based company offering energy and water resource management products and services, launched the eHZ-B residential smart metre for utilities and cities in Germany. The eHZ-B smart metre. The latest addition to Itron's proven 3.HZ FNN-compliant portfolio. These metre are designed with advanced functionality to support Germany's ongoing energy transition to a low-carbon, environmentally sound, reliable, and affordable energy supply, as well as to equip utilities and cities to migrate to a smart and connected distribution network safely. In August 2022, EnergyCAP, a US-based energy management software and energy and sustainability enterprise resource planning (ERP) software company, acquired Wattics for an undisclosed amount. With this acquisition, EnergyCAP increases its platform capabilities to incorporate advanced energy management analytics solutions that enable actionable, building- and device-level interval data analytics and dashboards to help customers achieve net-zero carbon emissions. Wattics is an Ireland-based enterprise energy management software company. North America was the largest region in the sustainability and energy management software market in 2022. The regions covered in the sustainable energy management software report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the sustainable energy management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The sustainable energy management software market consists of revenues earned by entities by providing management service through automated data analysis, energy management, and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The sustainability and energy management software market research report is one of a series of new reports from The Business Research Company that provides sustainability and energy management software market statistics, including sustainability and energy management software industry global market size, regional shares, competitors with a sustainability and energy management software market share, detailed sustainability and energy management software market segments, market trends and opportunities, and any further data you may need to thrive in the sustainability and energy management software industry. This sustainability and energy management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Utility billing software refers to integrated platforms created for utility businesses to lower cost-to-serve while providing top-notch service. Utility billing software is used to help providers monitor the usage of the utilities they provide, such as water, gas, electricity, wastewater, and sanitation. The major types of utility billing software are platform as a service, infrastructure as a service, and software as a service. Platform as a service (PaaS) refers to the cloud computing concept in which consumers receive hardware and software resources via the internet from a third-party supplier. The deployment modes include on-premises and cloud. These services are used by several end-users such as water, power distribution, oil and gas, telecommunications, and others. The global utility billing software market is segmented - 1) By Type: Platform as a Service, Infrastructure as a Service, Software as a Service 2) By Deployment Mode: On-Premises, Cloud-Based 3) By End-User: Water, Power Distribution, Oil and Gas, Telecommunication, Other End-Users The global utility billing software market size is expected to grow from $4.51 billion in 2022 to $5.00 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global utility billing software market size is expected to grow to $7.40 billion in 2027 at a CAGR of 10.3%. The increasing cloud deployment and adoption is expected to boost the growth of the utility billing software market going forward. Cloud deployment refers to the process of deployment of applications using cloud hosting models. Cloud services make it simple to manage end-to-end rate control, use and charge calculations, and bill preparation; hence, increasing cloud deployment and adoption are expected to boost the utility billing software market. For instance, in December 2021, according to a survey conducted by O’Reilly Media, Inc., a US-based media company, in 2021, around 90% of respondents from all across the world said their companies were adopting the cloud. Two-thirds of respondents (67%) use a public cloud; 45% use a private cloud; and 55% use conventionally managed on-premises infrastructure. Nearly half (48%) of respondents indicated they intended to move 50% or more of their apps to the cloud in the upcoming year. 20% of companies intend to move all of their applications to cloud. Therefore, increasing cloud deployment and adoption are driving the growth of the utility billing software market. Major players in the utility billing software market are SkyBill SIA, Banyon Data Systems Inc., Oracle Corporation, Jendev, Cogsdale Corporation, Enghouse Networks, CUSI, Link Computer Corporation, Sigma Software, Advantage Computer – Jayhawk Software, Harris Utilities, Exceleron, ePsolutions Inc., and SilverBlaze. Technological advancement is the key trend gaining popularity in the utility billing software market. Major companies operating in the utility billing software market are focusing on developing new technologies to sustain in the market. For instance, in May 2022, Advanced Utility Systems, a Canada-based provider of customer information and billing solutions, launched the Infinity Customer Information System (CIS) Browser, a cloud-based customer information and billing software platform. The unique feature of the Infinity Customer Information System (CIS) is its unrivaled functionality availability, which enables utilities to meet all of their needs and even more. It is a modern, cloud-based platform for customer information and billing that plays a key role in revolutionizing utilities' field workforce management, customer experience, and customer service and billing processes. Utilities can enhance first-call resolution, access and deliver timely information to customers, support diverse working environments, and more with Infinity CIS. In January 2022, AMCS, an Ireland-based technology provider in the waste, recycling, and resource industries, acquired Utilibill Pty Ltd for an undisclosed amount. The acquisition of Utilibill is expected to enable AMCS to increase its operations in the international water and energy industries. Utilibill Pty Ltd is an Australia-based software company, that provides a highly automated, cloud-based billing platform to utilities. North America was the largest region in the utility billing software market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global utility billing software market during the forecast period. The regions covered in the global utility billing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the utility billing software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The utility billing software market includes revenues earned by entities by providing water utility, electric utility, gas utility, and energy utility billing software. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The utility billing software market research report is one of a series of new reports from The Business Research Company that provides utility billing software market statistics, including utility billing software industry global market size, regional shares, competitors with a utility billing software market share, detailed utility billing software market segments, market trends and opportunities, and any further data you may need to thrive in the utility billing software industry. This utility billing software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Simulation software refers to software that can predict a system's behavior using simulation tools. It enables the user to watch an operation through simulation rather than carrying out the process themselves. The main simulation software components include software and services. Simulation software is a collection of instructions, data, or computer programs. The simulation software is used to run machines and carry out particular activities. Simulation software is deployed on-premises and cloud to be applied in product engineering, research and development and gamification. It is used by automotive, IT and telecommunication, aerospace and defense, energy and mining, education and research, electrical and electronics and other end-user industries. The global simulation software market is segmented - 1) By Component: Software, Services 2) By Application: Product Engineering, Research And Development, Gamification 3) By Deployment: On-Premises, Cloud 4) By End-user Industry: Automotive, IT And Telecommunication, Aerospace And Defense, Energy And Mining, Education And Research, Electrical And Electronics, Other End-User Industries The global simulation software market size is expected to grow from $14.27 billion in 2022 to $16.22 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global simulation software market size is expected to grow to $26.76 billion in 2027 at a CAGR of 13.3%. The development of autonomous vehicles is driving the growth of the simulation software market. An autonomous vehicle is a vehicle that can sense its surroundings and function without human intervention. Simulation software help in the development of autonomous vehicles through the validation, designing, and optimization of products and solutions. For instance, in 2023, the General Office of Shanghai Municipal People's Government issued a plan to increase its investments in and advancements in autonomous driving. They want to increase their investments in self-driving cars, believing that they will grow to be a $72 billion business by 2025. Hence, the development of autonomous vehicles is expected to propel the growth of the simulation software market. Major players in the simulation software market are Autodesk Inc., Ansys Inc., Bentley Systems, Dassault Systèmes SE, MathWorks Inc., Rockwell Automation, ESI Group, GSE Systems, SAP SE, Simulations Plus, Siemens AG, Simul8 Corporation, International Business Machines Corporation, Microsoft Corporation, Amazon Web Services, and Oracle. Technological advancement is a key trend in the simulation software market. Major market players are concentrating on creating innovative technologies integrated with machine learning for building realistic training and test environments for deployment. For instance, in January 2022, Ansys, a US-based engineering simulation software company, developed its machine learning-based partial differential equation solver. The new solution enables training with far less training data while maintaining the same degree of accuracy, resulting in a quicker, more effective simulation. In August 2021, Ansys, a US-based engineering simulation software company, acquired Zemax for an undisclosed amount. Through this acquisition, Ansys expands its portfolio to provide comprehensive, end-to-end solutions for simulating sophisticated optical and photonics-enabled products. Zemax is a US-based optical system simulation software company. North America was the largest region in the simulation software market in 2022. The regions covered in the global simulation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the simulation software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The simulation software market includes revenues earned by entities by simulation development services, training and support and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The simulation software market research report is one of a series of new reports from The Business Research Company that provides simulation software market statistics, including simulation software industry global market size, regional shares, competitors with a simulation software market share, detailed simulation software market segments, market trends and opportunities, and any further data you may need to thrive in the simulation software industry. This simulation software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Software service refers to a process of services in which a cloud provider uses a software distribution model to host programmes and makes them available to end customers via the internet. It is used by businesses to increase client engagement and provide effective customer care. The main software involved in software services are finance, sales and marketing, human resource, supply chain, and others. Financial software refers to a type of software that is created with the specific intention of automating, assisting, and storing financial data, whether it be of a personal or professional nature. The various services involved are consulting, managed services, support and maintenance which are used by large enterprises, and small and medium enterprises. These are developed by opting a cloud and on-premise medium and is used by aerospace and defense, banking and financial institutions (BFSI), government, healthcare, it and telecom, manufacturing, retail, transportation, and others. The global software services market is segmented - 1) By Software: Finance, Sales And Marketing, Human Resource, Supply Chain, Other Software Types 2) By Service: Consulting, Managed Services, Support And Maintenance 3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises 4) By Deployment: Cloud, On-Premise 5) By End-Use: Aerospace And Defense, Banking And Financial Institutions (BFSI), Government, Healthcare, IT And Telecom, Manufacturing, Retail, Transportation, Other End-Uses The global software services market size is expected to grow from $1,520.88 billion in 2022 to $1,652.33 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global software services market size is expected to reach $1,369.13 billion in 2027 at a CAGR of 9.4%. The increasing automation of business processes is expected to boost the growth of the software services market going forward. Automation refers to the technology that uses less human assistance to complete tasks. The use of automation software is a superior and wiser method of cost containment and reduction where the greatest opportunity is to expand customer (end-user) service while steadily cutting expenses, hence, the use of automation in business processes will rise the demand for the software services market. For instance, in April 2021, according to a report published by Zapier, a US-based company that empowers businesses to automate workflows and move data across apps, in 2021, 63% of SMBs stated automation enabled them to quickly shift in response to the pandemic. Furthermore, 66% of employees believe that automation at work allows them to focus on more innovative roles and initiatives. Therefore, the increased automation of business processes is driving the growth of the software services market. Major players in the software services market are Microsoft Corporation, Oracle Corporation, Epicor Software Corporation, International Business Machines Corporation, Infor Inc., Deltek Inc., Acumatica Inc., Unit4, Syspro, TOTVS S.A, SAP SE, Cloud Software Group Inc., QlikTech International AB, Tableau Software Inc., and SAS Institute Inc. Technological advancement is the key trend gaining popularity in the software services market. Major companies operating in the software services market are focusing on developing new technologies to strengthen their market position. For instance, in January 2023, Valvoline Inc., a US-based provider of automotive and industrial solutions, launched Vision Service Lane Technology. The unique feature of Vision is its ability to provide a tailored, VIN-specific menu of services, giving the service department a platform to increase income. Vision is one of the most detailed fixed-ops software products available, utilizing collaborations with partners to understand their pain points and unrealized potential in their current software. Advisors employ vision to help them establish relationships, trust, and responsibility with clients in the service drive or at the service desk. In October 2022, Aptean, a US-based provider of purpose-built, industry-specific software acquired Merlin Business Software Ltd. for an undisclosed amount. The acquisition of Merlin is anticipated to improve Aptean's capacity to assist UK distributors and wholesalers where the software from Merlin can be installed on-premises or in the cloud as a subscription as a service (SaaS). Merlin Business Software Ltd. is a UK-based provider of bespoke enterprise business software solutions. North America was the largest region in the software services market in 2022. The regions covered in the global software services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the software services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The software services market includes revenues earned by entities by providing software training services, software insurance services, legal software services, software security services, and other related services. The market value includes the value of related goods sold by the service provider or included within the service offering. The software services market also includes sales of accounts software, database software, asset management software, billing software, and other related products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The software services market research report is one of a series of new reports from The Business Research Company that provides software services market statistics, including software services industry global market size, regional shares, competitors with software services market share, detailed software services market segments, market trends, and opportunities, and any further data you may need to thrive in the software services industry. This software services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Infrastructure software is enterprise software designed to increase IT performance in organizations. It is used to assure that people and systems within a corporation can connect and do their tasks effectively, as well as to ensure that business processes are executed efficiently, information is shared, and contact points with suppliers and customers are managed. The main type of infrastructure software are storage software network and system management software, and security software. Storage infrastructure software refers to a platform service that analyzes the opportunities, technologies, use cases and trends that are driving the storage and computing infrastructure software platforms markets to change and grow. It is used for various applications such as building management, integrated communication, data center infrastructure, and cloud integration, which is used by different end-users such as manufacturing, IT and telecom, BFSI, transportation and logistics, healthcare, and others. The global infrastructure software market is segmented - 1) By Type: Storage, Network and System Management, Security 2) By Application: Building Management, Integrated Communications, Data Center Infrastructure, Cloud Integrations 3) By End-use: Manufacturing, IT And Telecom, BFSI, Transportation And Logistics, Retail, Healthcare, Other End-Users The global infrastructure software market size is expected to grow from $228.91 billion in 2022 to $241.61 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global infrastructure software market size is expected to reach $301.61 billion in 2027 at a CAGR of 5.7%. The rising demand for 5G connectivity is expected to propel the growth of the infrastructure software market going forward. 5G is the fifth generation of networks; it enables a new type of network that is meant to link almost everyone and everything, including machines, objects, and devices. The advent of new applications and services that were previously disabled with older wireless technologies is projected to benefit the infrastructure software industry as demand for 5G connections expands. Additionally, the growing popularity of cloud computing is boosting demand for 5G. For instance, in September 2022, according to a report published by the GSM Association (GSMA), a UK-based industry organization that represents the interests of network operators globally, 5G technology has resulted in over 640 million 5G connections in 2022, with a total of 2 billion connections expected by 2025. Therefore, the adoption of 5G technology is driving the growth of the infrastructure software market. Major players in the infrastructure software market are Amazon Web Services Inc., Bmc Software Inc., Broadcom Inc. (CA Technologies), Cisco Systems Inc., Dell Inc., Hewlett Packard Enterprise Co., IBM Corporation, Microsoft Corporation, Oracle Corporation, Tibco Software Inc., Red Hat Inc., Apple Inc., EMC Corporation, Fujitsu Ltd., and Symantec Corporation. Technological advancements are a key trend gaining popularity in the infrastructure software market. Major companies operating in the infrastructure software markets developing innovative products to strengthen their position in the market. For instance, in June 2021, Hewlett Packard Enterprise, a US-based information technology company, launched a new automated 5G management software solution, expanding its 5G offering with fully integrated automated management. The solution comprises HPE 5G Automated Assurance and a new 5G feature for HPE Service Director, which work together to simplify 5G network administration and decrease deployment risks using a zero-touch, closed-loop approach. The technology is pre-integrated with HPE's open 5G solutions, including the HPE 5G Core Stack, as well as open-source technologies and open APIs for integration with multi-vendor installations. In June 2021, IBM Corp., a US-based technology business, acquired Turbonomic Inc. for an undisclosed sum. This acquisition combines IBM's application performance monitoring (APM) and observability, as well as the announcement of IBM Cloud Pack for Watson (the use of AI to automate IT operations). Turbonomic, Inc. is a US-based software company that specializes in application resource management (ARM) and network performance management (NPM). North America was the largest region in the infrastructure software market in 2022. The regions covered in the global infrastructure software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. The countries covered in the infrastructure software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The infrastructure software market includes revenues earned by entities by providing solutions to enterprises such as workforce support, business transactions, internal services and processes, and more. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The infrastructure software market also consists of sales of database programs, email and other communication software, security applications, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The infrastructure software market research report is one of a series of new reports from The Business Research Company that provides infrastructure software market statistics, including infrastructure software industry global market size, regional shares, competitors with an infrastructure software market share, detailed