SOFTWARE RENTAL SERVICE MARKET ANALYSIS

Software Rental Service Market, By Software Type (Productivity Software, Creative Software, Accounting and Finance Software, Customer Relationship Management (CRM) Software, Enterprise Resource Planning (ERP) Software, Project Management Software, Collaboration and Communication Software, and Others), By Subscription Model (Monthly Rental, Annual Rental, and Pay-as-You-Go), By Deployment Type (Cloud-based and On-premises Enterprise Size: Small and Medium-sized Enterprises (SMEs) and Large Enterprises), By Industry Vertical (BFSI, IT and Telecommunication, Healthcare, Government and Education, Automotive, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Global Software Rental Service Market- Recent Developments

New Product Launches

In May 2021,Oracle, a global technology company that is known for its diverse range of software, hardware, and cloud services, introduced a cloud computing service powered by Arm-based technology, utilizing Ampere chips
Point-of-Rental Software, a technology company that specializes in providing software solutions for the rental and inventory management industry, launched a new cloud-based product, Point-of-Rental's CLOUD platform stands apart from its award-winning Enterprise Software, which operates on on-premise Windows® servers. CLOUD, on the other hand, solely demands a web browser for access, offering a comprehensive array of features.
Slack Technologies Inc, Slack Technologies, Inc. is a software company that provides a popular communication and collaboration platform called Slack introduced support for four additional languages and launched a new feature called Shared Channels, and thus, enabling employees from different companies to collaborate within the widely-used workplace communication software

Acquisition and Partnerships

Konica Minolta's Partnership with Scylla AI: In 1st June 2023, Konica Minolta, a company that provides services related to IT services and cloud management and offers a comprehensive suite of technology solutions for businesses, entered into a partnership with Scylla AI, a technology company that specializes in artificial intelligence (AI) and computer vision solutions, to provide a visible weapon detection solution
Accenture's Collaboration with Salesforce: In November 2023, Accenture, a global management consulting and professional services firm that offers a wide range of solutions to businesses and organizations, and Salesforce, a primary business model that revolves around providing its software services to businesses on a subscription basis, announced collaboration to assist organizations in integrating sustainability as a fundamental aspect of their business operations.