Product ID: SQMIG45E2191
Report ID:
SQMIG45E2191 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
87 |
Figures:
76
Software Market size was valued at USD 51.08 billion in 2019 and is poised to grow from USD 55.52 billion in 2023 to USD 117.64 billion by 2031, growing at a CAGR of 8.7% in the forecast period (2024-2031).
Software is a collection of instructions, data, or programmed that are used to run machines and perform certain tasks. It is the inverse of hardware, which describes the physical components of a computer. Apps, scripts, and programmers that run on a device are referred to as software. Due to digitization and data that is gathered online, businesses' needs for data insights, customer assessments, and other types of business processes have significantly expanded. This trend fuels the demand for Enterprise Software. The demand for products and solutions that enable digitization is driving strong growth in Application Development Software. Consumers' desire for a better digital experience boosts the appeal of application platforms or platform-as-a-service choices, which assist developers in managing the rising complexity of application infrastructure. The trend toward new technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) offers this Software industry additional growth potential in the coming years.
US Software Market is poised to grow at a sustainable CAGR for the next forecast year.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONSoftware Market size was valued at USD 51.08 billion in 2019 and is poised to grow from USD 55.52 billion in 2023 to USD 117.64 billion by 2031, growing at a CAGR of 8.7% in the forecast period (2024-2031).
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG45E2191