BANGALORE, India, June 27, 2024 /PRNewswire/ -- Value-Added
Resellers (VARs) Software Market is Segmented by Type (On-premise,
Cloud-based), by Application (Large Enterprises, SMEs): Global
Opportunity Analysis and Industry Forecast, 2024-2030.
The Global Value-Added Resellers (VARs) Software Market was
valued at 550 million USD in 2023 and
witnessed a CAGR of 11% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Value-Added Resellers
(VARs) Software Market
The value-added reseller (VAR) industry is expanding as a result
of numerous important causes. The growing complexity of
technological solutions, which necessitates specialist knowledge to
customize goods to match particular client needs, is one important
factor. VARs' ability to provide specialized solutions that go
above and beyond the original products makes them more appealing to
companies searching for streamlined, integrated systems. The demand
for VARs is also increasing due to the growth of cloud computing
and digital transformation initiatives across various industries,
since they offer vital services including integration, support, and
consulting. Businesses must look for VARs in order to obtain a
technology advantage and boost operational efficiency due to the
competitive marketplace.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL VALUE-ADDED
RESELLERS (VARS) SOFTWARE INDUSTRY
The market for VAR software is mostly driven by large
organizations' embrace of cloud-based solutions. Cloud solutions
are becoming more and more popular among large organizations
because of their affordability, scalability, and flexibility, which
allow them to effectively manage enormous volumes of data and
intricate IT infrastructures. Cloud technologies facilitate
worldwide collaboration and remote work, which are crucial in
today's dispersed work contexts. VARs are essential to this shift
because they offer knowledge and experience with cloud migration,
integration, and continuous support. They support businesses in
tailoring cloud solutions to particular use cases, guaranteeing a
smooth transition from old to new systems, and upholding strict
security and regulatory requirements. Large enterprise IT
environments are complicated, requiring specialist assistance and
customized solutions, which VARs are well-positioned to
provide.
Another important driver propelling the growth of the VARs
software market is the increasing number of small and medium-sized
businesses (SMBs) implementing cutting-edge software solutions.
SMBs are realizing more and more how crucial it is to use
technology to enhance customer experiences, streamline processes,
and stay competitive. These companies, however, frequently lack the
internal knowledge necessary to setup and oversee sophisticated
software systems. SMBs may more easily embrace and profit from
cutting-edge software solutions when VARs offer the required
knowledge and assistance. VARs fuel market growth by enabling SMBs
to compete with larger organizations through the provision of
scalable and inexpensive solutions. The market for VAR software is
developing as a result of SMBs' tendency toward digital
transformation and their increasing reliance on specialist software
solutions.
The VARs software sector has undergone a transformation thanks
to the emergence of cloud computing and Software-as-a-Service
(SaaS) models. Cloud-based solutions are very appealing to
companies of all sizes because they provide several benefits, such
as lower upfront costs, scalability, and remote access. By adding
cloud solutions into their portfolios, VARs have profited from this
trend and given their clients the efficiency and flexibility they
require in the fast-paced business world of today. In example, SaaS
models give companies access to advanced software without requiring
hefty infrastructure investments. The move to cloud computing has
increased the importance of VARs because they now offer cloud-based
solution integration, deployment, and continuing maintenance. The
market for VAR software is expanding due to the growing demand for
cloud solutions.
One of the main factors propelling the VARs software industry is
the need for integration and customized services. Software
solutions that may be customized to a business's unique workflows
and connected with current systems are frequently needed. These
services are best provided by VARs, who also offer seamless
interaction with other enterprise apps and bespoke software setups.
The ability to customize solutions to specific business
requirements and guarantee compatibility with current systems
improves VARs' overall value proposition. For companies with
complicated IT environments, where off-the-shelf software solutions
might not work well, customization and integration services are
especially crucial. VARs help companies maximize their software
investments and boost operational effectiveness by attending to
these needs. The market for VAR software is growing due to the
rising need for tailored software solutions and seamless
integration.
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VALUE-ADDED RESELLERS (VARS) SOFTWARE MARKET SHARE
Because of its technological leadership and mature market, North
America—especially the United States—represents a large portion of
the VARs software market. The supremacy of the region can be
attributed to its strong IT infrastructure, high adoption rates of
cutting-edge technology, and a large presence of top software
providers. Specialized software and VAR services are in high demand
since North American businesses are quick to adopt novel solutions
in order to remain competitive. The region's emphasis on digital
transformation and large investments in cybersecurity, cloud
computing, and data analytics are driving the market for VAR
software. Additionally, the regulatory landscape in industries like
banking and healthcare demands tailored software solutions in order
to maintain compliance, which increases the demand for VAR
services.
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Key Companies:
- Velosio
- ProServe Solutions
- Aktion Associates
- Algorithm
- Hero Digital
- Journeyed
- MicroAge
- SHI International
- One Six Solutions
- AllCloud
- Bertelsmann
- Tata Technologies
- INSIGHT
- Sirius Computer Solutions
- A2K Technologies
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US$ 1048.2 million in 2029,
increasing from US$ 495 million in
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