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Software - Worldwide

Worldwide
  • The Software market is expected to witness a remarkable growth trajectory worldwide.
  • It is projected that by the year 2025, the revenue in this market segment will reach an impressive figure of US$740.89bn.
  • Within this market, Enterprise Software is anticipated to dominate with a projected market volume of US$315.00bn by 2025.
  • Furthermore, the revenue in the Software market is projected to exhibit a steady annual growth rate of 4.87% from 2025 to 2029.
  • This growth is anticipated to result in a substantial increase in the market volume, reaching US$896.17bn by the year 2029.
  • In global comparison, it is noteworthy that United States is expected to generate the highest revenue in the Software market.
  • The projected revenue for the United States alone in 2025 is estimated to be US$379.29bn.
  • This highlights the significant market presence and potential of the United States in the Software market industry on a global scale.
  • In the worldwide software market, the United States leads the way with its innovative tech startups and dominance in cloud computing services.

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Notes: The growth rates shown are based on 2022. The growth rates of the drivers in the market drivers chart are calculated using USD values. Using a different currency will not affect their growth rates; however, the data might change due to conversion rates.

Most recent update: Mar 2024

Source: Statista Market Insights

Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

Most recent update: Jul 2024

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Key Players

Most recent update: Feb 2025

Source: Statista Market Insights

Analyst Opinion

The software market has been experiencing significant growth worldwide due to the increasing demand for digital transformation across various industries.

Customer preferences:
Customers are increasingly looking for software solutions that can help them streamline their business processes, reduce costs, and improve efficiency. Cloud-based software solutions have become increasingly popular due to their flexibility, scalability, and cost-effectiveness. Additionally, customers are also looking for software solutions that can help them comply with data privacy regulations and improve cybersecurity.

Trends in the market:
In the United States, the software market is dominated by large players such as Microsoft, Oracle, and IBM. These companies offer a wide range of software solutions to customers across various industries. However, there has been a trend towards the adoption of open-source software solutions, which offer greater flexibility and cost-effectiveness. Additionally, there has been an increasing demand for software solutions that can help companies automate their business processes and improve customer experience.In Europe, the software market is highly fragmented, with a large number of small and medium-sized software companies offering specialized solutions to customers in different industries. There has been a trend towards the adoption of cloud-based software solutions, which offer greater flexibility and scalability. Additionally, there has been an increasing demand for software solutions that can help companies comply with the General Data Protection Regulation (GDPR) and improve cybersecurity.In Asia, the software market is dominated by companies such as Tencent, Alibaba, and Baidu, which offer a wide range of software solutions to customers across various industries. There has been a trend towards the adoption of mobile-first software solutions, as more customers in the region access the internet via mobile devices. Additionally, there has been an increasing demand for software solutions that can help companies improve supply chain management and logistics.

Local special circumstances:
In Latin America, the software market is still in its early stages of development. However, there has been a trend towards the adoption of software solutions that can help companies improve customer experience and comply with data privacy regulations. Additionally, there has been an increasing demand for software solutions that can help companies improve financial management and reduce costs.In Africa, the software market is also in its early stages of development. However, there has been a trend towards the adoption of software solutions that can help companies improve healthcare delivery, education, and agriculture. Additionally, there has been an increasing demand for software solutions that can help companies improve financial inclusion and reduce poverty.

Underlying macroeconomic factors:
The growth of the software market worldwide is being driven by several macroeconomic factors, including the increasing adoption of digital technologies, the growing demand for cloud-based solutions, and the need for companies to improve efficiency and reduce costs. Additionally, the increasing focus on data privacy and cybersecurity is driving the adoption of software solutions that can help companies comply with regulations and protect their data. The COVID-19 pandemic has also accelerated the adoption of digital technologies, as more companies shift towards remote work and online business models. As a result, the software market is expected to continue growing in the coming years, driven by the increasing demand for digital transformation across various industries.

Global Comparison

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises, except for the Enterprise Software segment, in which consumer (B2C) spending is not considered. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, level of digitization, GDP sector composition, and observed level of software piracy. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Technology

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Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Jan 2025

Source: Statista Market Insights

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Software development - statistics & facts

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.

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