Global Vertical-Specific and Packaged Software Market to Surpass US$277.4 Billion by 2030, Fueled by SaaS, AI, and Compliance-Driven Demand

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Industry Experts, Inc. released a new market research report, "Vertical-Specific and Packaged (VSP) Software - A Global Market Overview", forecasting that the global VSP software market will grow from US$138 billion in 2024 to US$277.4 billion by 2030, at a CAGR of 12.3%.

Organizations are increasingly investing in preconfigured, cloud-native SaaS solutions with embedded compliance, analytics and workflow automation to address rising regulatory complexity and accelerate digital transformation. AI/ML, IoT and blockchain technologies are powering innovations in risk scoring, clinical decision support, supply chain traceability and asset performance optimization, reducing time-to-value and reshaping industry workflows. Platform business models and modular architectures allow rapid deployment of sector-specific functionality while ensuring alignment with evolving data sovereignty and privacy requirements.

In 2024, North America led with 40.2% of global revenues and is projected to approach US$100 billion by 2030 on the strength of continued investment by large software vendors and adoption across healthcare, financial services and retail. Asia-Pacific is the fastest-growing region at a 16.3% CAGR, driven by government-backed smart infrastructure initiatives and rapid cloud adoption among SMEs in China, India and Southeast Asia. Europe remains the second-largest market in absolute terms, while South America and Middle East & Africa register solid double-digit growth on the back of digitalization in energy, public services and agriculture.

Vertical-Specific and Packaged (VSP) Software Market

Cloud deployment accounted for 48.3% of the market in 2024 and remains dominant, while hybrid architectures are the fastest-growing segment at a 14.5% CAGR as enterprises balance integration with legacy systems and data residency needs. Healthcare leads industry verticals with 18.2% of revenues and is set to reach US$52.3 billion by 2030, while IT & telecom is the fastest-growing sector at a 15.5% CAGR driven by demand for customer-centric network operations and compliance solutions.

The VSP software report profiles more than 15 leading providers, including SAP, Oracle, Microsoft, Salesforce, Veeva Systems, Epicor and Guidewire, and examines deployment types (cloud, hybrid, on-premise), company types (large enterprises, SMEs) and industry-specific applications (healthcare, BFSI, IT & telecom, manufacturing and more), along with feature roadmaps and go-to-market strategies. Coverage spans five regions (North America, Europe, Asia-Pacific, South America and Middle East & Africa), with historical data for 2021–2023, 2024 as the base year and forecasts through 2030, and provides detailed country-level analysis across 29 independent markets.

About Industry Experts, Inc.
Industry Experts, Inc. ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable corporate strategists, analysts, researchers and startups in obtaining crisp, unbiased current and future market data. For more information, contact us at +1-320-497-3787 or visit https://industry-experts.com/

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