According to the report by Expert Market Research (EMR), the global computer software market size reached a value of nearly USD 351.31 billion in 2023. Aided by the growth of digital transformation and the switch to remote work, the market is projected to further grow at a CAGR of 6.2% between 2024 and 2032 to reach a value of around USD 606.03 billion by 2032.
Computer software refers to a collection of programs, instructions, and data that enable a computer system to perform specific tasks or functions. It encompasses a wide range of applications, including operating systems, productivity tools, games, utilities, and specialised software for various industries and purposes. Software allows users to interact with computer hardware, access information, manipulate data, and execute operations according to predefined algorithms and instructions.
In modern times, businesses and organisations across industries are embracing digital transformation initiatives to streamline operations, enhance productivity, and improve customer experiences. Computer software solutions play a central role in facilitating digital transformation efforts, offering a wide array of applications for enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM), and business analytics. This is expected to lead to the global computer software market growth in the coming years.
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Advancements in artificial intelligence (AI) and machine learning (ML) technologies are reshaping the landscape of computer software development. AI-powered software applications and intelligent algorithms are being deployed across various domains, including healthcare, finance, manufacturing, and marketing, to automate tasks, analyse data, derive insights, and improve decision-making processes. The integration of AI and ML capabilities into software solutions enhances efficiency, accuracy, and predictive capabilities, driving demand for advanced software offerings.
The adoption of cloud computing technology is one of the key global computer software market trends. Cloud-based software-as-a-service (SaaS) solutions offer scalability, flexibility, and cost-effectiveness, enabling businesses to access software applications and services over the internet without the need for extensive infrastructure investments. SaaS models for productivity tools, collaboration platforms, and business applications are experiencing widespread adoption among enterprises of all sizes.
The emergence of disruptive technologies such as blockchain, augmented reality (AR), virtual reality (VR), and the Internet of Things (IoT) is fuelling innovation in the market. Software developers and tech companies are exploring new opportunities to leverage these technologies in diverse applications, ranging from digital currencies and smart contracts to immersive gaming experiences and connected devices. As these technologies mature and become more accessible, they are expected to further drive computer software market expansion in the coming years.
Computer Software Market Segmentation
The market can be divided based on type, deployment, application, end use, and region.
Market Breakup by Type
- Operating Systems and Productivity Software
- Database, Storage and Backup Software
- Business Analytics and Enterprise Software
- Design, Editing and Rendering Software
- Others
Market Breakup by Deployment
- On-premises
- Cloud
Market Breakup by Application
- Personal
- Business/Commercial
- Industrial
Market Breakup by End Use
- Media and Entertainment
- BFSI
- IT and Telecommunications
- Energy and Utilities
- Government and Public Sector
- Manufacturing
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Computer Software Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global computer software market. Some of the major players explored in the report by Expert Market Research are as follows:
- Microsoft Corporation
- Alphabet Inc. (Google LLC)
- IBM Corporation
- Adobe Inc.
- Oracle Corporation
- SAP SE
- Dell Inc.
- HP Inc.
- McAfee, LLC
- Salesforce, Inc.
- NortonLifeLock Inc.
- VMware, Inc.
- Others
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