North America Business Software And Services Market Size & Outlook
North America business software and services market, 2018-2030 (US$M)
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North America business software and services market highlights
- The North America business software and services market generated a revenue of USD 162.7 million in 2023.
- The market is expected to grow at a CAGR of 11.2% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating solution in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 162.7 million |
| Market revenue in 2030 | USD 341.7 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | EQT AB Ordinary Shares, Roper Technologies Inc, Epicor Software (Formerly Solarsoft Business Systems), International Business Machines Corp, Infor, Oracle Corp, Microsoft Corp, SAP SE ADR, Totvs SA ADR, SYSPRO |
Other key industry trends
- In terms of revenue, North America region accounted for 31.0% of the global business software and services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 260.1 million by 2030.
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Business Software And Services Market Scope
Business Software And Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America business software and services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to business software and services market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 69.58% in 2023. Horizon Databook has segmented the North America business software and services market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Companies in North America have been leading in terms of the adoption of analytics and business intelligence solutions and implementation of software and analytics-based strategies compared to the companies in other regions.
The growing focus on leveraging the increasing volumes of data generated from the business operations to gain insights into the business processes is the major factor driving the growth of the regional market.
In the U.S., companies are looking at business software and services as optimization tools that can deliver competitive advantages and boost operational agility. Intense competition and rising operational costs are prompting several established companies in the U.S. to adopt business software and services as part of the efforts to optimize costs and augment profits.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America business software and services market , including forecasts for subscribers. This continent databook contains high-level insights into North America business software and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America business software and services market size, by country, 2018-2030 (US$M)
North America Business Software And Services Market Outlook Share, 2023 & 2030 (US$M)
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