Reliable Data You Can Trust
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A recent report published by Infinium Global Research on the utility software market provides an in-depth analysis of segments and sub-segments in the global as well as regional utility software market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional utility software market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global utility software market. According to the report, the global market for utility software was sized USD 4.3 billion in 2020 and is expected to reach over USD 6.2 billion by 2026 growing with a CAGR of 5.34% over 2020-2026.
Utility software is known to improvise athe function of computer infrastructure (including computer hardware, operating system, software, and data storage) which is aimed to provide efficient multitasking by users. Utility software is designed to assist the optimization, configuration, analysis, and maintenance of software. Utility software emphasizes computer components such as software, hardware, operating system, and storage parts. Some of the important applications of utility software include maintaining and increasing the efficiency of a computer system, keeping away viruses or spyware away from the computer, managing memory and enhancing performance, and providing additional functionality that allows the user to customize the desktop and user interface.
The rise in the number of small and medium-scale enterprises is primarily augmenting the demand for utility software. These small firms are upgrading their management skills, their capacity to gather information, and their technology base. Further, utility software provides a diverse range of advantages to the operators. For instance, disk defragmenters bring all the contents of files to one location and raise the efficiency of working when they get broken up at different locations in the hard disk. Similarly, network utilities configure network settings and analyze networks. Therefore, as this utility software help to analyze, configure, optimize, or maintain a computer and enhance the computer’s performance, its demand is expected to propel over the coming years. However, the total cost involved in the implementation of utility software’s hinders its adoption in several small businesses.
In terms of region, the global utility software market is segmented into North America, Europe, Asia Pacific, and RoW. North America holds the highest market share among the region in the global utility software market mainly due to the presence of large consumers and the increasing adoption of advanced technology in various enterprises. Moreover, the presence of several major market players in the North America region holds a huge share in the market favors the growth of the utility software market. On the other hand, Asia Pacific is witnessed to grow with the highest CAGR in the forecasted period. The growth is attributed due to the growing demand for advanced utility software and the strong presence of several market incumbents.
The report on the global utility software market covers segments such as type and application. On the basis of type, the sub-markets include file utilities, uninstallers, diagnostics, screen savers, backup utilities, and others. On the basis of application, the sub-markets include enterprises, institutes, corporations, and others.
The report provides profiles of the companies in the market such as IBM Corporation, Microsoft Corporation, SAP SE, Salesforce.com, Inc., Trimble Inc., Oracle Corporation, ABB Ltd, Siemens AG, Dassault Systèmes SE, and Aclara Technologies LLC.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the utility software market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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