Market Share of Business Software Industry
The global business software market is moderately fragmented. The market consists of major players, such as Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, and SAP SE.
In February 2023, Cisco Systems announced new innovations in cloud-managed networking, delivering on its promise to help customers simplify their IT operations. With powerful new cloud management tools for industrial Internet of Things (IoT) applications, simplified dashboards to converge IT and OT operations, and flexible network intelligence to see and secure all industrial assets, Cisco delivers a unified experience that provides true business agility.
In February 2023, Microsoft fused ChatGPT-like technology into its search engine Bing, transforming an Internet service that trails far behind Google into a new way of communicating with artificial intelligence (AI). The revamping of Microsoft's second-place search engine could give the software giant a head start against other tech companies in capitalizing on the worldwide excitement surrounding ChatGPT, a tool that's awakened millions of people to the possibilities of the latest AI technology.
Business Software Market Leaders
Microsoft Corporation
International Business Machines Corporation
Oracle Corporation
SAP SE
Cisco Systems Inc.
*Disclaimer: Major Players sorted in no particular order
