Companiesandmarkets.com

Software publishing market to grow at a CAGR of 2.2%

Press Release   •   Aug 08, 2012 10:13 BST

The software publishing market is forecast to continue its growth over the next five years, with the market predicted to grow at a compound annual growth rate (CAGR) of 2.2% to reach an industry value of $203.7 billion by 2017.

In the five years leading up to 2012 the software publishing market experienced dynamic growth, increasing at a CAGR of 4.5% to reach a revenue value of $182.7 billion.

In 2012, revenue within the software publishing market is expected to grow 5.3% as businesses and consumers step up their investments in software, computers and smartphones.

Growth within the market looks set to be driven improving technologies and growth in developing countries, along with mobile computing devices, such as cell phones and tablet computers opening up entirely new platforms for software publishers.

During the past five years, large software publishers eagerly bought smaller publishers with specialties in growing software niches. For example, Oracle Corp. acquired long-standing industry operator Sun Microsystems.

Microsoft Corp. was similarly aggressive, acquiring a number of companies that developed software relevant to search engines and web-based software platforms, such as the acquisition of Skype in 2011.

For more information on the software publishing market, see the latest research: Software Publishing Market Report

Follow us on Twitter @CandMResearch

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.