TECH SUPPLIER Jul 2020 - Market Forecast - Doc # US46248121

Worldwide Software License, Maintenance, and Subscription Forecast, 2020–2024

By: Mark ThomasonResearch Director

Abstract

This IDC study provides IDC's forecast for the software license, maintenance, and subscription market.

"The COVID-19 pandemic quickly forced the world's economy into recession and forced companies to figure out how to conduct business remotely. This significantly highlighted the value of recurring revenue and cloud services, which make businesses more resilient and agile and enable the ability to work from anywhere," said Mark Thomason, research director for Digital Business Models and Monetization with IDC.


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