An Independent Software Vendor (ISV) is defined as any software publisher or enterprise that specializes in the creation and distribution of enterprise software that runs on at least one hardware or operating system.
This enterprise software is usually sold to organizations or individual end-users through commercial license agreements. Recent studies indicate that the ISV industry is expected to reach a market value of approximately $408.15 million by 2026.
As our current business landscape evolves, the utilization and implementation of digital software in modern organizations are increasing exponentially. Therefore, ISV companies are more relevant now than ever before.