Market Share of Vertical Software Industry
The vertical software market is moderately competitive owing to the presence of multiple players. The players in the market are adopting strategies like product innovation, mergers, and acquisitions to expand their product portfolio, expand their geographic reach, and primarily stay competitive in the market.
In December 2022, Constellation Software Inc. and its subsidiary Lumine Group Inc. announced a formal agreement and merger plan with WideOrbit Inc. ("WideOrbit"), a media vertical market software supplier based in the United States. WideOrbit will become a completely owned subsidiary of Lumine Group and will operate as an autonomous business unit within the Lumine Group's portfolio of companies after the deal is finalized.
In November 2022, NowVertical Group Inc., a vertical intelligence software and solutions firm, is thrilled to announce a new contract with Grupo Aeroméxico S.A.B. de C.V., Mexico City's international flag carrier airline. Under the terms of the agreement, NOW will assist Aeroméxico in advancing its data governance program, establishing the vision and path it will need to take to progress and achieve its aim of being a data-driven operator.
Vertical Software Market Leaders
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Constellation Software
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Verisk Analytics
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Athena
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Bio-Logic Inc.
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vetBadger
*Disclaimer: Major Players sorted in no particular order
