TECH SUPPLIER Jul 2020 - Market Forecast - Doc # US46248121

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

By: Mark ThomasonResearch Director

Table of Contents

IDC Market Forecast Figure

Figure: Worldwide Software License, Maintenance, and Subscription Revenue Snapshot

Executive Summary

Advice for Technology Suppliers

Market Forecast

Table: Worldwide Software License, Maintenance, and Subscription Revenue, 2018–2024 ($M)

Market Context

Drivers and Inhibitors

Drivers

Aggressive Transition from Transactional to Subscription Business Models Will Continue

Digital Transformation Will Remain the Strongest Business Driver for Cloud Adoption

Evolving Monetization Applications Will Drive Higher Levels of Automation and Sophisticated Pricing

Inhibitors

COVID-19 Pandemic/Economic Downturn

Changing Business Models Is Challenging for Most Existing Software Companies

Buying Behavior: The Desire to "Own" Software Is Important for Some Customers

Significant Market Developments

Changes from Prior Forecast

Table: Worldwide Software License Revenue, 2016–2024: Comparison of July 2019 and July 2020 Forecasts ($M)

Figure: Worldwide Software License Revenue, 2016–2024: Comparison of July 2019 and July 2020 Forecasts

Figure: Worldwide Software License Revenue Growth, 2017–2024: Comparison of July 2019 and July 2020 Forecasts

Table: Worldwide Software Maintenance Revenue, 2016–2024: Comparison of July 2019 and July 2020 Forecasts ($M)

Figure: Worldwide Software Maintenance Revenue, 2016–2024: Comparison of July 2019 and July 2020 Forecasts

Figure: Worldwide Software Maintenance Revenue Growth, 2017–2024: Comparison of July 2019 and July 2020 Forecasts

Table: Worldwide Software Subscription Revenue, 2016–2024: Comparison of July 2019 and July 2020 Forecasts ($M)

Figure: Worldwide Software Subscription Revenue, 2016–2024: Comparison of July 2019 and July 2020 Forecasts

Figure: Worldwide Software Subscription Revenue Growth, 2017–2024: Comparison of July 2019 and July 2020 Forecasts

Market Definition

Methodology

Related Research

Content


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