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Independent Software Vendors (ISVs) Market to grow by USD 1.56 Billion (2025-2029), Rising Enterprise Data Drives Growth, Report Highlights AI-Driven Transformation – Technavio

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NEW YORK, Jan. 27, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global independent software vendors (ISVs) market size is estimated to grow by USD 1.56 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  11.9%  during the forecast period. Rise in volume of enterprise data is driving market growth, with a trend towards increasing adoption of cloud computing by end-users. However, high costs of licensing and support  poses a challenge. Key market players include Adobe Inc., Alphabet Inc., Autodesk Inc., Avgi Solutions Inc., Cisco Systems Inc., Dell Technologies Inc., HP Inc., International Business Machines Corp., Intuit Inc., Magic Software Enterprises Ltd., Microsoft Corp, Mocana Corp., Nutanix Inc., Open Text Corp., Oracle Corp, Salesforce Inc., SAP SE, ServiceNow Inc., Virtusa Corp., and VMware Inc..

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Independent Software Vendors (ISVS) Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 11.9%

Market growth 2025-2029

USD 1559.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.6

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 32%

Key countries

US, UK, China, Germany, and Japan

Key companies profiled

Adobe Inc., Alphabet Inc., Autodesk Inc., Avgi Solutions Inc., Cisco Systems Inc., Dell Technologies Inc., HP Inc., International Business Machines Corp., Intuit Inc., Magic Software Enterprises Ltd., Microsoft Corp, Mocana Corp., Nutanix Inc., Open Text Corp., Oracle Corp, Salesforce Inc., SAP SE, ServiceNow Inc., Virtusa Corp., and VMware Inc.

Market Driver

Independent Software Vendors (ISVs) are companies that develop and sell software solutions to businesses. Current market trends show a growing demand for software in various industries, including hardware manufacturers, enterprise applications, industry-specific software, productivity tools, and more. Startups and multinational corporations alike turn to ISVs for innovative software solutions. Cloud computing, AI, data analytics, and UX are key technologies driving the market. Healthcare, finance, education, retail & e-commerce, IT & telecom, automotive, and other sectors are adopting software-as-a-service (SaaS) and web-based services to address specific business problems. IaaS, PaaS, and E-Commerce platforms are popular choices. ISVs focus on integration and interoperability, ensuring their solutions work seamlessly with the latest technologies and platforms. Mobile applications and IoT applications are also gaining traction. AI integration, data security, and privacy concerns are essential considerations. Salesforce Industries and Cloud Technologies lead the market, with SaaS, IaaS, and PaaS being major offerings. Programming languages, platforms, technical support, and training are crucial for ISVs. Businesses seek on-premises software and large technology companies offer partnerships and acquisitions. The cloud computing market continues to expand, with mobile apps, e-commerce, logistics, and IT services being significant areas of growth. 

Cloud-based software solutions are increasingly being adopted by businesses and governments for various applications, including authentication processes, video management, biometric information storage, and big data computing. The flexibility and scalability of these solutions enable organizations to meet their evolving needs. The proliferation of IoT-connected devices worldwide has led to an enormous data generation. Industries such as manufacturing, utilities, retail, automotive, and social media utilize IoT for enhanced data transfer. Cloud-based software effectively addresses the storage and processing requirements of this massive data influx. 

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 Market Challenges

Independent Software Vendors (ISVs) face various challenges in today’s dynamic business landscape. Hardware manufacturers pose competition, pushing ISVs to innovate and integrate their software solutions with the latest technologies and platforms. Enterprise applications, industry-specific software, productivity tools, and startups require customized software to solve specific business problems. Multinational corporations seek industry-standard software for their unique needs, while cloud computing, AI, data analytics, and IoT applications demand integration and interoperability. Healthcare, retail & e-commerce, IT & telecom, automotive, finance, education, and various industries require software products that cater to their distinct requirements. ISVs must address data security and privacy concerns, ensuring their software adheres to industry standards. Salesforce Industries and Cloud Technologies dominate the market, offering IaaS, PaaS, and SaaS solutions. E-Commerce, logistics, and programming languages are essential for businesses in the digital age. ISVs must provide technical support, training, and user experience (UX) enhancements to remain competitive. On-premises software faces competition from cloud-based solutions, and large technology companies continue to expand their offerings. ISVs must stay updated on the latest technologies and trends to succeed in this competitive market.Independent Software Vendors (ISVs) have evolved from service providers to a hybrid of product and service industries. Traditional licensing models, such as single-user and concurrent-user, have given way to usage-based licensing and perpetual licensing in the corporate application sector. While perpetual licensing remains popular, usage-based licensing is on the rise. This shift brings both opportunities and challenges. While usage-based licensing offers flexibility, it also results in higher license and maintenance costs, which may negatively impact the global ISV market during the forecast period.

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Segment Overview 

This independent software vendors (isvs) market report extensively covers market segmentation by  

Deployment 1.1 On-premises1.2 Cloud basedComponent 2.1 Software2.2 ServicesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 On-premises-  Independent Software Vendors (ISVs) often choose to deploy their software through the on-premises model. On-premises software is locally hosted within an organization’s premises, utilizing their computer systems. ISVs charge a one-time license fee for this solution. On-premises software provides data security and local ownership, with the added benefit of customizable integrations. Organizations retain control over their data, enhancing security. Although high hardware costs and maintenance requirements are drawbacks, the need for data security continues to drive the growth of the on-premises segment in the global ISVs market. Many large organizations, particularly those handling sensitive data, opt for on-premises software due to its security advantages. Despite the challenges, the on-premises model’s security features are expected to fuel its adoption and expansion in the market.

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Research Analysis

The Independent Software Vendors (ISV) market refers to the industry of companies that develop and sell software solutions to businesses and organizations. These software offerings can range from enterprise applications and industry-specific software to productivity tools and web-based services. ISVs cater to various sectors such as retail & e-commerce, IT & telecom, automotive, finance, education, and more, addressing specific business problems. ISVs leverage the latest technologies and platforms like cloud computing, IaaS, PaaS, AI, and machine learning to create innovative software solutions. They cater to both startups and multinational corporations, offering customized software to meet unique business needs. Productivity tools, programming languages, and platforms are essential components of the ISV market. Technical support, training, and ongoing business relationship management are also crucial aspects of the ISV value proposition. ISVs provide software solutions for hardware manufacturers, helping them offer enhanced functionality and value to their customers. The ISV market is diverse and dynamic, with continuous innovation and evolution driven by the needs of businesses and the emergence of new technologies.

Market Research Overview

The Independent Software Vendors (ISV) market encompasses a vast array of businesses that develop and sell software solutions to address specific business problems across various industries. These solutions range from enterprise applications and industry-specific software to productivity tools and standalone applications. ISVs cater to both startups and multinational corporations, leveraging the latest technologies and platforms such as cloud computing, artificial intelligence (AI), data analytics, and user experience (UX). ISVs serve diverse sectors including healthcare, finance, education, retail & e-commerce, IT & telecom, automotive, and more. They offer software products in various forms like web-based services, mobile applications, IoT applications, and AI integration. ISVs prioritize integration and interoperability to ensure seamless data flow between their solutions and other systems. Data security and privacy concerns are crucial for ISVs, as they handle sensitive business information. Salesforce Industries, Cloud Technologies, IaaS, PaaS, and SaaS are popular choices for ISVs due to their scalability and flexibility. E-commerce, logistics, and software-as-a-service (SaaS) are thriving sectors within the ISV market. ISVs provide technical support, training, and consulting services to their clients. Programming languages and platforms are essential tools for ISVs to build and deliver high-quality software. Businesses increasingly rely on ISVs to help them overcome unique challenges and stay competitive in their respective industries.

Table of Contents:

Executive SummaryMarket LandscapeMarket SizingHistoric Market SizeFive Forces AnalysisMarket SegmentationDeploymentOn-premisesCloud BasedComponentSoftwareServicesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And AfricaCustomer LandscapeGeographic LandscapeDrivers, Challenges, and TrendsCompany LandscapeCompany AnalysisAppendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

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SSC SECURITY SERVICES CORP. ANNOUNCES SHAREHOLDER APPROVAL OF PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT

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12 minutes ago

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July 22, 2026

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REGINA, SK, July 22, 2026 /CNW/ — SSC Security Services Corp. (TSXV: SECU) (US: SECUF) (“SSC” or the “Company”) today announced the voting results from its special meeting of holders (the “Shareholders”) of common shares (the “Shares”) of the Company held today (the “Meeting”) in connection with the previously announced plan of arrangement under the Business Corporations Act, 2021 (Saskatchewan) (the “Arrangement”), pursuant to which Universal Protection Service, LP (the “Parent”), through its wholly-owned subsidiary, 102236724 Saskatchewan Ltd. (the “Purchaser”, and together with the Parent, “Allied Universal”), will acquire all of the issued and outstanding Shares for $4.4075 per Share in cash, and pursuant to which certain officers and directors of the Company (the “Management Purchasers”) will purchase the Company’s legacy assets and cyber security business in a management buy-out transaction (the “MBO” and collectively with the Arrangement, the “Transaction”).

The Arrangement requires (i) the approval of 66 2/3% of the votes cast by Shareholders (including the Management Purchasers) present or represented by proxy and entitled to vote at the Meeting and (ii) the approval of a simple majority (more than 50%) of the votes cast by Shareholders present or represented by proxy and entitled to vote at the Meeting, other than the Management Purchasers and any other person required to be excluded from such vote for the purpose of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (the “Minority Shareholders”). At the Meeting, the resolution approving the Arrangement was approved by (i) 99.99% of the votes cast by Shareholders, and (ii) 99.97% of the votes cast by the Minority Shareholders.

Remaining Conditions to Completion of the Arrangement

Completion of the Transaction remains subject to the satisfaction or waiver of certain closing conditions that are set out in the arrangement agreement entered into between the Company and Allied Universal on May 26, 2026 (the “Arrangement Agreement”), including receipt of final court approval and approval of the TSX Venture Exchange. SSC intends to seek a final order (the “Final Order”) of the Court of King’s Bench for Saskatchewan to approve the Arrangement at a hearing to be held on July 27, 2026.

Subject to obtaining the Final Order and the satisfaction or waiver of the remaining conditions in the Arrangement Agreement, the Transaction is anticipated to close on July 31, 2026.

About SSC

SSC Security Services Corp. is Canada’s largest publicly traded security company. SSC acts as a public holding company investing in physical, electronic and cyber security businesses. The Company has one wholly-owned operating subsidiary: Logixx Security Inc., which provides physical, electronic and cyber security services to primarily commercial, industrial and public sector clients. The Company’s clients include federal and provincial governments, Crown corporations, and many high-profile corporate and public sector clients such as hospitals, airports, utility companies and police forces.

Forward Looking Statements

This release includes forward-looking statements concerning the future results, future performance, intentions, objectives, plans and expectations of the Company. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words and phrases (including negative and grammatical variations) or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risks, uncertainties affecting SSC, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of SSC. Without limiting the generality of the foregoing, this release contains forward-looking statements pertaining to: the anticipated timing of the Transaction; receipt of required court and stock exchange approvals; satisfaction of closing conditions; and the anticipated effective date of the Arrangement. Risks and uncertainties that could cause actual results to differ materially include: failure to obtain court or stock exchange approvals; failure to satisfy closing conditions; failure of the parties to complete the Transaction for any reason, including termination of the Arrangement Agreement; legal challenges to the Arrangement; and risks and uncertainties discussed in SSC’s disclosure documents filed on SEDAR+ at www.sedarplus.ca. Forward-looking statements are not guarantees of future performance. These forward-looking statements should not be relied upon as representing the views of SSC as of any date after the date of this Release. Although SSC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this Release are made as of the date of this Release and SSC does not undertake to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE SSC Security Services Corp.

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GMI Cloud Announces Strategic Compute Collaboration With NVIDIA

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12 minutes ago

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July 22, 2026

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The collaboration advances GMI Cloud’s selective partnership strategy and supports its next phase of AI infrastructure growth

MOUNTAIN VIEW, Calif., July 22, 2026 /PRNewswire/ — GMI Cloud, a leading AI-native cloud provider delivering high-performance GPU infrastructure and inference services, today announced a strategic collaboration with NVIDIA as part of its selective approach to building long-term compute partnerships.

In support of this strategy, GMI Cloud has committed $500 million in CapEx to expand its compute capabilities and serve growing customer demand. The commitment represents a significant investment in the company’s next phase of infrastructure development.

GMI Cloud has also secured nine-figure contracts with a leading U.S. frontier AI enterprise, providing a strong commercial foundation for its continued growth.

GMI Cloud is pursuing a selective partnership model centered on a limited number of strategic relationships. The collaboration builds on GMI Cloud’s continued partnership with NVIDIA and brings together long-term compute planning with contracted customer demand.

GMI Cloud is among the earliest cloud providers to adopt this new compute partnership model, marking an important step in the company’s expansion and partnership strategy.

The $500 million CapEx commitment, nine-figure customer contracts, and selective partnership strategy establish the foundation for GMI Cloud’s next stage of growth. The company is set to continue this trajectory as it expands its compute capabilities and supports the evolving needs of frontier AI customers. For more information, visit www.gmicloud.ai.

About GMI Cloud
GMI Cloud is an AI-native cloud infrastructure company powering the next generation of AI applications. The company provides high-performance GPU infrastructure, Model-as-a-Service, dedicated endpoints, and AI workload deployment solutions for developers and enterprises building production AI systems. GMI Cloud helps teams move from experimentation to production with scalable compute, flexible infrastructure, and an ecosystem built for modern AI builders. For more information visit gmicloud.ai.

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SOURCE GMI Cloud

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ROKFORM Launches Rugged Case for Samsung Galaxy Z Fold8 and Z Fold8 Ultra

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12 minutes ago

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July 22, 2026

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Complete foldable protection with six-foot drop rating, MAGMAX ™ magnetic grip, and RokLock ® twist-lock mounting

IRVINE, Calif., July 22, 2026 /PRNewswire/ — ROKFORM today launched its Rugged Case for the Samsung Galaxy Z Fold8 and Galaxy Z Fold8 Ultra. Built with a slim, two-piece shell design — not just a backplate — the Rugged Case delivers six-foot drop protection, full hinge coverage, and secure RokLock® mounting across both foldable models.

“Users get the full ROKFORM experience with the Rugged Case, including incredible drop protection, RokLock® mounting, and MAGMAX™ magnetic strength, all in a design built specifically around the unique needs of a foldable device,” said Jeff Whitten, ROKFORM CEO.

The two-piece shell locks together to protect the outer screen, back, and spine of the Galaxy Z Fold8. In addition, the case is engineered to guard one of the most critical and vulnerable components on foldable phones — the hinge — from drops and impacts with full hinge coverage. The case exceeds military-grade drop protection standards from six feet, with a dual-layer build and reinforced corners designed to absorb real-world impact.

ROKFORM’s patented RokLock® twist-lock system delivers rock-solid, wobble-free connection to ROKFORM’s full ecosystem of car, bike, and motorcycle mounts. Combined with MAGMAX™ magnets, which deliver 3x more holding strength over standard MagSafe® magnets, users get an ultra-secure magnetic grip for mounting and use with other accessories.

The case is compatible with ROKFORM wireless chargers and compatible wireless charging accessories.

The Rugged Case for the Samsung Galaxy Z Fold8 and Z Fold8 Ultra retails for $79.99 and will be available August 5, 2026 at rokform.com.

About ROKFORM:
Founded in 2010, ROKFORM’s small but dedicated team has bootstrapped its way to becoming a leader in the design and manufacturing of innovative consumer electronics products. It is based in Irvine, California. With nearly 20 patents, ROKFORM remains a leader in the premium active lifestyle consumer electronics niche, with innovative designs to protect and enhance the world’s mobile devices. Products are designed and shipped directly from California headquarters, and customers can visit ROKFORM’s showroom to experience them. Learn more at rokform.com.

Contact:
Haley Lush
775-204-7975
419258@email4pr.com

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