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Software-as-a-Service Driving ISV Sector Growth

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The annual survey of the top 500 Independent Software Vendors (ISVs) in Europe shows some major changes due to substantial growth in some areas, consolidation and changing market conditions. After a slow rise of 5% in the previous year, it looks like ISV fortunes have turned around strongly in 2015, based on early figures. The latest database report by IT Europa, ISVs in Europe – the top 500, published today shows a shake-up at the top of the list of individual companies, with three newcomers to the top ten. There has also been a big jump in those reporting that they offer Software-as-a-Service (SaaS). In 2016, nearly 90% of ISVs said they offer SaaS, an increase of over 60% from 2014. But it is not all packages and cloud; bespoke software development is also on the rise with just under 60% offering it.

Companies from 35 European countries are featured within the report. The 10 largest geographic markets in terms of companies profiled are: UK (135 companies), France (76), Germany (63), Finland (20), Netherlands (17), Switzerland (17), Italy (15), Denmark (14), Sweden (13) and Spain (11). While the UK market experienced an average revenue increase of around 5%, the picture across Europe was patchy, with strong growth in some central and eastern parts, as well as Norway with double digit growth, but parts of Benelux actually saw reduced ISV sales.

SOURCE: new.industrytoday.co.uk