Are Independent Software Vendors Using Cloud Services?
An Independent Software Vendor is defined as any enterprise or software publisher that focuses on creating, developing, and distributing software through commercial licensing agreements with individual end-users or organizations. Recent studies indicate that the ISV industry is expected to reach a market value of $408.15 million by 2026, with a CAGR of 10.5%.
Many ISV companies leverage the power of cloud services for various reasons. As digital systems and cloud technology continue to evolve, the majority of ISV companies are currently shifting towards cloud-based solutions to foster and facilitate digital transformation.