Global Software Industry Statistics

In this post, we explore the lucrative landscape of the global software industry, backed by a wealth of compelling statistics. From the soaring market size projections to key players dominating the field, these figures shed light on the dynamic and ever-evolving nature of the software sector.

Statistic 1

"The software industry is anticipated to reach over $507.2 billion by 2021."

Statistic 2

"The software sector’s yearly growth rate is around 5.4%."

Statistic 3

"CRM is the largest software market, reaching $49.5 billion in 2018."

Statistic 4

"41% of total ICT spending is in software and services."

Statistic 5

"The AI software market specifically is forecasted to grow to $22.6 billion by 2025."

Statistic 6

"North America is leading the software market with a share of 42.15% in 2019."

Statistic 7

"Approximately 87.5% of all ICT patents in 2017 were invented by software companies."

Statistic 8

"Microsoft leads the way in software revenue with over $125.8 billion in 2018."

Statistic 9

"40% of businesses have increased their spending on CRM in 2018."

Statistic 10

"The market for eCommerce software is expected to grow approximately USD 6.53 billion by 2025."

Statistic 11

"The cloud computing market size was valued at $272 billion in 2018."

Statistic 12

"The cloud-based software segment is expected to grow at a compound annual growth rate (CAGR) of 18.6% from 2020 to 2027."

Statistic 13

"Europe’s software and IT services sector is predicted to be worth over €476 billion by 2022."

Statistic 14

"Software and related services are expected to account for 25% of India’s total IT spending in 2022, growing at CAGR of 14%."

Statistic 15

"Spending on cybersecurity solutions is predicted to exceed $1 trillion cumulatively over five years from 2017 to 2021."

Statistic 16

"The software as a service (SaaS) market is anticipated to grow at a CAGR of 27% from 2020 to 2025."

The software industry continues to exhibit strong growth and innovation, with projections indicating a substantial increase in market size and revenue across various sectors. Key trends include the dominance of CRM and AI software markets, the significant ICT spending on software and services, and the rapid expansion of cloud-based solutions. Companies like Microsoft are leading in revenue generation, while regions such as North America and Europe are playing pivotal roles in driving market growth. The increasing focus on cybersecurity solutions and the rise of SaaS further underscore the dynamic nature of the software industry, pointing towards continued expansion and evolution in the coming years.