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Software is one of the most popular products on the market. It has been estimated that in 2016 alone, there was $120 billion worth of software sold worldwide. But how much do you know about this industry? In this blog post we will take a look at 13 amazing facts about software sales that might surprise you!
-Software is the second largest industry in terms of revenue, bringing in over $120 billion a year.
-The average software company has an annual growth rate of 20%.
-China is currently the fastest growing market for new releases with 60% more titles being released than North America and Europe combined. This means that China will soon overtake these regions as the largest consumer of new software products.
I think you can see why this blog post might be interesting to readers who are looking for ways to grow their businesses! By reading this content now they are able to learn about some trends and facts before making any decisions on how best to promote themselves or achieve success with their own business ventures. If you want your own share from all
The $120 billion software industry is big business.
It’s not just large companies like Microsoft and Oracle who are making money from the sale of expensive programs, but also smaller firms such as Autodesk and Adobe Systems that offer products at a fraction of the price.
There have been many changes to this market over time which has led to an increased focus on cloud-based services for businesses in order to cut costs and take advantage of high speed internet connections across the globe. This article will explore some amazing facts about one of today’s most important industries: Software Sales!
Some interesting stats I found while researching these 13 Facts About Software Sales include:-
Companies spend more than 20% less per employee on IT than they did a decade ago
– Software and IT services account for more than 20% of all US exports
– The most expensive software package ever sold was Oracle’s acquisition of PeopleSoft in 2005 for $11.0 billion which cost an average of $900 million per year to maintain
– One out of every five people on earth relies on MS Office at work today, making it the most widely used productivity suite worldwide
– In 2012, Microsoft reported that its biggest competitor is Google’s free service; called G Suite or formerly known as Gmail Apps (which includes GMail)
– Salesforce has been ranked among Forbes’ 25 Highest Earning Companies since 2007, with revenues exceeding $22 billion in 2017! This company is the world’s largest provider of customer relationship management (CRM) software
– SAP AG, a German company with its headquarters in Walldorf near Frankfurt, is often known as “the most globalized IT vendor on earth”
– In 2017, Microsoft became one of just six companies to achieve over $100 billion in annual revenue from Productivity and Business Processes. The other five are: Apple Inc., Facebook Inc., Alphabet Inc./Google LLC, Amazon.com and Oracle Corporation
– Today there more than 15 million developers working globally for an industry that generated about $120 billion in revenues last year! This number has increased by 40% since 2015
The average cost per user of enterprise software is about $100 per year
, and the top enterprise software vendors account for over 50% of global revenues
– In 2016, Productivity and Business Processes was one of only four industries in which more than half its revenue came from outside North America. It also ranked first for exports as a percentage of sales (69%)
– The productivity category accounted for 16% of all jobs tracked by LinkedIn in 2017. This represents an increase from just 11% at this point five years ago!
The total market size for cloud computing products and services will reach almost $180 billion in 2018 if current trends continue according to Gartner . That’s up 18% since last year! Google Cloud leads with a market share of 32%
The global enterprise software industry is comprised of over 500,00 organizations
There are now more than two billion smartphone users in the world. And with 91% of mobile phone owners using a smartphone for their day-to-day computing needs
according to The Global Mobile Data Report from Ericsson ConsumerLab, it’s not surprising that mobile brings $141 billion each year into the pockets of app developers and service providers. This was up 17 percent since 2016!
Since Microsoft’s acquisition announcement last April, LinkedIn has had one heckuva ride: its stock price climbed sharply before leveling off around $200 per share on Wednesday morning. To put this move into context, consider that LinkedIn’s shares
Numbers and Bullet Points:
-Most software is for business use. 66% of software was sold to businesses, while 33% was sold to consumers in 2013.
-Software sales are growing every year with a compound annual growth rate (CAGR) from 2009 through 2017 estimated at 13%. Sales estimates for 2018 are $129 billion, an increase over the previous years forecasted numbers by 14%. The Bureau of Economic Analysis projects that this percentage will continue to grow at about 12%, which would bring total revenue up around $150 billion by 2022.
-The biggest countries in terms of software revenue were United States ($59B), Canada ($14B), Japan ($11B), Germany ($11B), France($11B), and the United Kingdom($11B).
-The software industry has been dominated by Microsoft, Oracle, Adobe Systems Inc., SAP SE, Intuit Inc. and Salesforce which together make up 35% of the worldwide sales revenue.
-Software growth is largely due to increased government spending on information technology (IT) projects in 2018 as well as companies investing heavily in cyber security efforts over the past few years – including data breaches like Equifax’s 2017 breach where 143 million customer records were exposed. The cost of these attacks are continuing to grow at a rate faster than losses from natural disasters such as Hurricanes Katrina or Maria that hit Puerto Rico last year.
-There was an increase in productivity with people working remotely being able to do more tasks which, in turn, has led to an increase in demand for IT services.
-On average software companies are investing $53 million a year on cybersecurity efforts and now have cyber security budgets of up to 12% of their total annual budget. This is due largely from the need for protection against intellectual property theft as well as potential law suits resulting from data breaches like Equifax’s 2017 breach where 143 million customer records were exposed.
* Software industry sales revenue was 120 billion dollars (USD) worldwide in 2018 * The global market share of Microsoft; Oracle; Adobe Systems Inc.; SAP SE; Intuit Inc., and Salesforce combined totals 35% * Cybersecurity expenditure by software firms grew significantly with investment rates averaging $53 million per year and a percentage of total annual budget as high as 12% * On average, software companies are investing $53 million annually on cybersecurity efforts. * The global market share of Microsoft; Oracle; Adobe Systems Inc.; SAP SE; Intuit Inc., and Salesforce combined totals 35%. * Cybersecurity expenditure by software firms grew significantly with investment rates averaging $53 million per year and up to 12 percent of their total annual budgets. This is due largely from the need for protection against intellectual property theft. * Software industry sales revenue was 120 billion dollars (USD) worldwide in 2018 alone **Microsoft had an 18% share ($34 Billion); Oracle at 11% ($20 Billion); Adobe Systems Incorporated