Software Market size is estimated to reach USD 91.6 billion by 2028
Software Industry Overview The global software market size was valued at USD 51.08 billion in 2021 and is expected to register a CAGR of 8.7% from 2022 to 2028. The surge in the volume of enterprise data, rising automation of business processes, and growing digitization are the major drivers for the software market. Moreover, rising network security and privacy concerns are other factors that support the software market. COVID-19 outbreak positively impacted the software market. The increasing concern of cyber threats during COVID-19 has stimulated companies to implement software solutions and configure malware protection, recognition, and mitigation strategies, thus fueling the growth of the software market. Gather more insights about the market drivers, restrains and growth of the Global Software Market The software mainly aims to protect and secure individual computing devices, information systems, internet communication, transactions, and networks. Secur...