USA Software Development Market - Forecast (2023 - 2028)

The USA Software Development Market size is forecasted to reach EUR 1,518 million by 2027, after growing at a CAGR of 2.52% during 2022-2027. More than 4.4 million software developers are thought to reside in the US. According to statistics on software engineers, the US is where the majority of software engineers reside. Software engineer employment is expected to rise at a steady rate of 21% from 2018 to 2028, which is significantly faster than the average for a variety of industries.

DataUSA reports that 1.36 million individuals were employed in the US in 2017 as software developers, applications and software. According to the most recent US workforce statistics from 2021, there were 1.4 million open CS jobs by the end of 2020, which raises serious worries about the talent shortage. However, there are only 400K graduates each year. If the US's lack of software developers continues to expand at the same rate, the US might face an unrealized output of $162 billion. Without new talent, business growth and digital transformation are difficult, which widens the gap between the supply and demand of IT skills.



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