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