Market Overview

US Software Industry Revenues to Advance 5.6% Annually to 2022

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US Software Industry Revenues to Advance 5.6% Annually to 2022

The Rise in E-Commerce and Cloud- and Mobile-Based Computing Will Propel Gains

PR Newswire

CLEVELAND, Aug. 30, 2018 /PRNewswire/ -- US software industry revenues are forecast to see 5.6% annual advances through 2022, according to Software: United States, a report recently released by Freedonia Focus Reports. Advances will reflect rising business activity, disposable personal income levels, and global production of computers and smart devices, as well as an intensifying regulatory environment. The rapid and ongoing shift to e-commerce and cloud- and mobile-based computing will remain the most influential trends, boosting demand for products capable of improving connectivity, reducing complexity, and leveraging large datasets.

Freedonia Group logo (PRNewsFoto/The Freedonia Group)

More information about the report is available at:
https://www.freedoniafocusreports.com/Software-United-States-FF95028/

Revenues for general business productivity and home use applications software are projected to rise 6.8% per year to 2022, the fastest pace of any discrete segment. Continuity, mobile, micro-transactions, and free gateway offerings will remain significant trends.

These and other key insights are featured in Software: United States. This report forecasts to 2022 US software publishing industry revenues in nominal US dollars. Total revenues are segmented by software type in terms of:

  • general application
  • cross-industry
  • operating system
  • network
  • database
  • vertical market
  • development tools
  • utilities
  • other software, including custom software

To illustrate historical trends, total revenues and the various segments are provided in annual series from 2007 to 2017.

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Services & Industries reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

  • total historical market size and industry output
  • segmentation by products and markets
  • identification of market drivers, constraints, and key indicators
  • segment-by-segment outlook in five-year forecasts
  • a survey of the supply base
  • suggested resources for further study

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com

 

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SOURCE The Freedonia Group

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