Software Rental Service Market, By Software Type, By Subscription Model, By Deployment Type, By Industry Vertical, By Geography

Description

Global Software Rental Service Market is expected to be valued at US$ 42.92 billion in 2023 and is expected to reach US$ 64.54 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023/2024:	US$ 42.92 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023/2024 to 2030/2031 CAGR:	6.00%	2030/2031 Value Projection:	US$ 64.54 Bn

Figure 1. Global Software Rental Service Market Share (%), By Region, 2023

Global software rental service market has witnessed significant growth in the recent years. With developments in cloud computing technology, many businesses are opting for rental software as these provide operational flexibility without large upfront capital investments. This has prompted established software vendors to offer subscription-based pricing models for their products. The cloud-based rental models allow small and medium enterprises an easy access to advanced software solutions for improving business processes. Rental services help businesses to test software solutions before making long term commitments. This lowers procurement risk and helps to optimize technology spending. With increasing connectivity and ease of accessing cloud-based services globally, global software rental market is expected to witness growth steadily in the near future

Market Dynamics:

Some of the major factors driving growth in the global software rental service market include the rising popularity of the subscribe-to-use model over outright purchases, increasing digitalization of industries, and cost advantages of rental models for SMBs and individual users. However, data security and privacy concerns regarding sensitive user information stored on leased cloud software could hamper adoption rates. The growing cloud computing industry also presents lucrative opportunities for market players to offer value-added services on rented platforms. Innovation in business models to provide pay-as-you-go pricing schemes can further boost the customer base.

Key features of the study:

This report provides in-depth analysis of the global software rental service market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global software rental service market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Adobe Inc., Microsoft Corporation, Salesforce.com, Inc., Oracle Corporation, Intuit Inc., SAP SE, Autodesk, Inc., IBM Corporation, Dropbox, Inc., Slack Technologies, Inc., Google LLC, Zoom Video Communications, Inc., Atlassian Corporation Plc, ServiceNow, Inc., HubSpot,Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global software rental service market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global software rental service market

Global Software Rental Service Market Detailed Segmentation:

By Software Type:
- Productivity Software
- Creative Software
- Accounting and Finance Software
- Customer Relationship Management (CRM) Software
- Enterprise Resource Planning (ERP) Software
- Project Management Software
- Collaboration and Communication Software
- Others
By Subscription Model:
- Monthly Rental
- Annual Rental
- Pay-as-You-Go
By Deployment Type:
- Cloud-based
- On-premises
By Enterprise Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
By Industry Vertical:
- BFSI
- IT and Telecommunication
- Healthcare
- Government and Education
- Automotive
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East &Africa
Company Profiles:
- Adobe Inc.
- Microsoft Corporation
- Salesforce.com, Inc.
- Oracle Corporation
- Intuit Inc.
- SAP SE
- Autodesk, Inc.
- IBM Corporation
- Dropbox, Inc.
- Slack Technologies, Inc.
- Google LLC
- Zoom Video Communications, Inc.
- Atlassian Corporation Plc
- ServiceNow, Inc.
- HubSpot, Inc.

Product Code: CMI5940

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Software Type
- Market Snippet, By Subscription Model
- Market Snippet, By Deployment Type
- Market Snippet, By Enterprise Size
- Market Snippet, By Industry Vertical
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Cost Efficiency
Flexibility and Scalability
Access to Latest Software Versions and Updates
Enhanced Collaboration and Remote Access
- Restraints
Resistance to Subscription Models
Limited Customization Options
Data Security Concerns
- Opportunities
Small and Medium-sized Enterprises (SMEs) Adoption
Industry-Specific Software Rentals
Integration and Customization Services
Value-Added Services
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Software Rental Service Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Software Rental Service Market, By Software Type, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Productivity Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Creative Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Accounting and Finance Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Customer Relationship Management (CRM) Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Enterprise Resource Planning (ERP) Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Project Management Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Collaboration and Communication Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)

6. Global Software Rental Service Market, By Subscription Model, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Monthly Rental
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Annual Rental
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Pay-as-You-Go
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)

7. Global Software Rental Service Market, By Deployment Type, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Cloud-based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
On-premises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)

8. Global Software Rental Service Market, By Enterprise Size, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Small and Medium-sized Enterprises (SMEs)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Large Enterprises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)

9. Global Software Rental Service Market, By Industry Vertical, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
BFSI
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
IT and Telecommunication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Government and Education
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)

10. Global Software Rental Service Market, By Region, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2018 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Software Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Subscription Model, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Enterprise Size, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2018-2030, (US$ Bn)
- Market Share Analysis, By Country, 2018 and 2030
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Software Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Subscription Model, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Enterprise Size, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2018-2030, (US$ Bn)
- Market Share Analysis, By Country, 2018 and 2030
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Software Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Subscription Model, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Enterprise Size, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2018-2030, (US$ Bn)
- Market Share Analysis, By Country, 2018 and 2030
China
India
Japan
Australia
South Korea
ASEAN
Rest Of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Software Type, 2018-2030, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Subscription Model, 2018-2030, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2018-2030, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Enterprise Size, 2018-2030, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2018-2030, (US$ Bn)
Market Share Analysis, By Country, 2018 and 2030
Brazil
Mexico
Rest Of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Software Type, 2018-2030, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Subscription Model, 2018-2030, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2018-2030, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Enterprise Size, 2018-2030, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2018-2030, (US$ Bn)
Market Share Analysis, By Country, 2018 and 2030
South Africa
GCC Countries
Rest of the Middle East & Africa

11. Competitive Landscape

Adobe Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Microsoft Corporation
Salesforce.com, Inc.
Oracle Corporation
Intuit Inc.
SAP SE
Autodesk, Inc.
IBM Corporation
Dropbox, Inc.
Slack Technologies, Inc.
Google LLC
Zoom Video Communications, Inc.
Atlassian Corporation Plc
ServiceNow, Inc.
HubSpot, Inc.
Analyst Views

12. Section

Research Methodology
About us