Revenue in the Software market is projected to reach US$650.70bn in 2023.
The market's largest segment is Enterprise Software with a projected market volume of US$263.80bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 5.72%, resulting in a market volume of US$812.90bn by 2027.
In global comparison, most revenue will be generated in the United States (US$321.60bn in 2023).
The Software market represents the total market for Software. Relevant top-level software segments include Productivity Software, Enterprise Software as well as System Infrastructure Software and Application Development Software. The majority of software solutions in these market segments are designed to be used in a professional environment but may also be used privately. Software in general can be provided in one of two ways: on-premises software is sold via a transactional license or as a subscription, and cloud-based software (software as a service / SaaS) is most often sold as a subscription.
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.