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Global Software Services -Yearly Update 2006

CYGNUS Business Consulting & Research, July 2007, Pages: 38


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Global software products and IT services was worth USD1.13 trillion in 2005 and the market for 2006 is estimated to be USD1.21 trillion. The market for this industry continues to grow, as computer usage increases and innovative application of SW&ITS products and services in hitherto unthought ways to improve productivity. The core areas for the spending in 2006 included network equipment, outsourcing services and system infrastructure software including security tools.

This report on global software products and IT services (SW&ITS) -2007 covers the major segments - software products and IT services. Software products are further segmented into Application and System Software ,whereas IT services are segmented into product support and maintenance, project or professional services including IT strategic planning, consultancy and training, system integration, application development and design services and business process outsourcing.





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