Better software: The high price that corporate software can command has kept profit growing
The Software Development industry has made considerable progress over the past decade, as firms and individuals have become reliant on electronic devices in many aspects of everyday lives. Online access to news, social media, video and other websites, in addition to automated client-relationship software and advertising software applications, are now integral components of modern culture. Considering all computers and peripheral equipment require integrated systems and application software to operate, the need for development activity has surged over recent years. Industry revenue grew at a compound annual rate of 2.2% over the five years through 2023, including growth of 2.6% in 2023 to reach €64.4 billion.
Software developers and computer programmers in this industry design, write, modify and test computer code to implement systems software, application software, databases and web pages. Firms in this industry also customise software so that it is functional within clients’ information system environment and offer select after-sale services. Activities related to software publication, hardware design and computer consultancy are not included in the scope of industry activities.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Microsoft Ireland Operations Ltd
- Oracle EMEA Ltd
Methodology
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