The Latest Computer Software Industry Statistics Explained
The global computer software industry is expected to reach a revenue of $507.2 billion by 2021.
The statistic that the global computer software industry is expected to reach a revenue of $507.2 billion by 2021 indicates a strong and robust growth trend in the industry. This projected revenue signifies the increasing demand for computer software worldwide, driven by technological advancements, digital transformation initiatives across various industries, and the growing reliance on software solutions for business operations and consumer needs. The anticipated revenue figure signals significant market opportunity and potential for innovation and competitiveness within the computer software industry, as well as the importance of software technology in driving economic growth and productivity on a global scale.
The United States makes up around 40% of the world’s software market.
The statistic that the United States makes up around 40% of the world’s software market indicates the significant dominance and influence of the US in the global software industry. This suggests that a substantial portion of software development, sales, and innovation occurs within the United States, showcasing the country’s technological capabilities and prowess. The high market share also implies that US-based software companies hold a strong position in the global market, driving economic growth and employment opportunities within the country. Additionally, this statistic highlights the country’s competitive advantage in technology and software solutions, positioning the United States as a key player in shaping the future of the digital economy on a global scale.
Office productivity software makes up 35% of software publishing revenue.
The statistic ‘Office productivity software makes up 35% of software publishing revenue’ indicates that among all revenue generated by software publishing, 35% comes from office productivity software products. This suggests that office productivity software, which includes tools like word processors, spreadsheets, presentation software, and other business applications, plays a significant role in the software publishing industry’s overall revenue. The 35% share points to the popularity and demand for these types of software solutions, highlighting their importance in the market and their role in driving revenue for software publishers.
In 2020, Microsoft was the largest software and programming company worldwide, with a revenue of about 143 billion U.S. dollars.
The statistic indicates that in 2020, Microsoft held the top position as the largest software and programming company globally based on revenue, reporting approximately 143 billion U.S. dollars. This figure highlights Microsoft’s significant financial success and market dominance within the software industry during that year. The substantial revenue signifies the company’s strong presence in providing software solutions and programming services, underscoring its ability to generate substantial income through its products and services. As the leading player in the sector, Microsoft’s revenue figure demonstrates its competitive edge and position in the market, showcasing its extensive reach and influence in the software and programming landscape on a global scale.
The U.S. cloud software industry is expected to reach $230.9 billion by 2025, growing at a CAGR of 17.8% during 2020–2025.
The statistic states that the U.S. cloud software industry is projected to achieve a market value of $230.9 billion by the year 2025, with a Compound Annual Growth Rate (CAGR) of 17.8% over the period 2020 to 2025. This indicates a strong and consistent growth trajectory for the industry, implying that the market for cloud software solutions in the United States is expanding rapidly and is expected to continue doing so in the coming years. A CAGR of 17.8% suggests that the industry is experiencing significant demand and adoption, potentially driven by factors such as increased digitalization, remote work trends, and the benefits of cloud-based solutions for businesses across various sectors.
North America accounted for the largest share of over 42.0% of the overall software market revenue in 2019.
This statistic indicates that North America had the highest proportion of revenue generated in the software market in 2019, at over 42.0%. This suggests that North America was a dominant player in the software industry during that year, outperforming other regions in terms of revenue generation. The significant market share held by North America underscores the region’s strong presence in the global software market, potentially driven by factors such as technological innovation, strong demand for software solutions, and a mature market infrastructure. This statistic highlights the importance of North America as a key market for software developers and vendors, showcasing the region’s influence and competitive position within the industry.
There are 26.4 million software developers in the world as of 2019.
The statistic ‘There are 26.4 million software developers in the world as of 2019’ indicates the estimated total number of individuals who are engaged in the profession of software development globally as of the specified year. This figure suggests the significant presence and impact of the software development industry on a global scale, highlighting the growing demand for skilled professionals in this field and the widespread use of software in various sectors. The statistic provides valuable insights into the scale and scope of the software development workforce, emphasizing the importance of this profession in shaping modern technology and driving innovation in today’s digital age.
The software industry directly employed more than 2.9 million people in the US in 2020.
The statistic ‘The software industry directly employed more than 2.9 million people in the US in 2020’ indicates the significant workforce contribution of the software industry to the American economy. With nearly 3 million individuals employed in roles related to software development, programming, and technology, this sector plays a crucial role in driving innovation, supporting businesses, and advancing digital transformation. The statistic underscores the growing demand for skilled software professionals and highlights the sector’s importance as a key driver of economic growth and technological advancement in the United States.
The software industry contributed $1.6 trillion to the total US value-added GDP in 2020.
The statistic that the software industry contributed $1.6 trillion to the total US value-added GDP in 2020 indicates the significant economic impact of the software sector on the overall economy. Value-added GDP measures the value of goods and services produced within a country, subtracting the value of inputs used in production. The $1.6 trillion contribution showcases the importance of software development, technology, and innovation in driving economic growth and productivity in the United States. This significant contribution highlights the role of the software industry in creating jobs, driving investments, and fostering technological advancements that benefit both the industry itself and the broader economy.
ERP software market size will reach $49.5 billion by 2025.
The statistic ‘ERP software market size will reach $49.5 billion by 2025’ indicates the projected total value of the global ERP (Enterprise Resource Planning) software market by the year 2025. This figure signifies the anticipated growth and revenue potential of the ERP software industry in the coming years. As businesses increasingly adopt ERP systems to streamline their operations, manage resources more efficiently, and improve decision-making processes, the market size is expected to expand significantly. This statistic serves as a key indicator for businesses, investors, and industry stakeholders to understand the market trends, opportunities, and competitive landscape in the ERP software sector.
CRM software market is expected to reach USD 80.4 billion by 2025.
The statistic that the CRM software market is expected to reach USD 80.4 billion by 2025 indicates the projected growth and expansion of the customer relationship management (CRM) software industry over the next few years. This statistic implies a significant increase in the demand for CRM software solutions among businesses across various sectors and industries as organizations prioritize improving customer relationships and enhancing their overall business operations. The projected market value of USD 80.4 billion by 2025 suggests a considerable market opportunity for CRM software providers, as businesses continue to invest in technologies that help them streamline sales, marketing, and customer service processes to drive growth and profitability.
The global project management software systems market size was valued at USD 2.2 billion in 2019.
The statistic indicates that the global project management software systems market had a total value of USD 2.2 billion in the year 2019. This figure represents the total revenue generated by the sale of project management software systems worldwide in that year. The market size is a key metric for understanding the scale and importance of the project management software industry on a global level. The increasing demand for tools to streamline project planning, tracking, and collaboration across different industries has been a significant driver for the growth of this market. The value of the market provides insights into the economic significance of project management software and its potential for further expansion in the future.
About 45% of jobs in the software industry are for developers.
The statistic “About 45% of jobs in the software industry are for developers” indicates that nearly half of the employment opportunities within the software industry are specifically geared towards individuals with programming skills and expertise. This highlights the significant demand for developers in the industry, making them a crucial and sought-after segment of the workforce. This statistic underscores the importance of coding and development skills in the software industry, emphasizing the need for qualified professionals who can design, create, and maintain software applications and systems.
37% of companies use AI in some form, with the software industry being the most common user.
The statistic indicates that a considerable 37% of companies are utilizing artificial intelligence (AI) in various capacities, showcasing the increasing adoption of AI technologies across industries. The software industry stands out as the most prevalent user of AI, suggesting that software companies are at the forefront of integrating AI into their operations to drive innovation and efficiency. This trend highlights the strategic importance of AI in today’s business landscape, as companies across different sectors recognize the potential benefits of leveraging AI applications to gain a competitive edge, enhance decision-making processes, and improve overall performance.
The growth in computer software spending is projected to be 7.5% in 2021.
The statistic stating that the growth in computer software spending is projected to be 7.5% in 2021 indicates that businesses and consumers are anticipated to increase their investment in software technology by 7.5% compared to the previous year. This growth rate suggests a positive trend and reflects a potential increase in demand for software products and services. The projection may be influenced by various factors such as digital transformation efforts, remote work trends, technological advancements, and the ongoing shift towards cloud-based solutions. A 7.5% growth in software spending could have implications for industries reliant on software tools for operations and productivity enhancements, signaling potential opportunities for software vendors and developers in the market.
By 2024, the global business software and services market size is forecast to grow to 745.2 billion U.S. dollars.
The statistic forecasts that the global business software and services market size is expected to increase to 745.2 billion U.S. dollars by the year 2024. This indicates a significant growth in the market, reflecting the increasing demand for business software solutions and services worldwide. The continued digitization of industries, adoption of advanced technologies such as cloud computing and artificial intelligence, and the need for businesses to enhance efficiency and productivity are some of the key factors likely to drive this growth. The forecasted market size provides valuable insights for businesses, investors, and policymakers to understand the evolving landscape of the business software and services industry and make strategic decisions to capitalize on the opportunities presented by this expanding market.
Spending on IT security solutions is set to reach over $133 billion by 2022.
The statistic indicates that the amount of money allocated to investing in IT security solutions is anticipated to surpass $133 billion by the year 2022. This substantial increase in spending highlights the growing recognition among organizations of the importance of safeguarding their digital infrastructure and data from cyber threats. As technology continues to advance and cybercrime becomes more sophisticated, businesses and governments are ramping up their efforts to mitigate risks and protect sensitive information. This significant investment in IT security solutions signifies a strategic response to the escalating threat landscape and a commitment to enhancing cybersecurity measures in the face of evolving challenges.
60% of businesses have reported a cyber-incident in the past 12 months with software vulnerabilities as the main cause.
The statistic that 60% of businesses have reported a cyber-incident in the past 12 months with software vulnerabilities as the main cause suggests a significant prevalence of cybersecurity issues within organizations. This high percentage highlights the vulnerability of businesses to cyber threats, particularly those related to software weaknesses. It implies that a majority of businesses are at risk of experiencing data breaches, system compromises, or other cyber-attacks due to vulnerabilities in their software infrastructure. This statistic underscores the importance of prioritizing cybersecurity measures, such as frequent software updates, security patches, and employee training, to mitigate the risks associated with cyber incidents and safeguard sensitive data and resources.
References
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