Software Market Global Forecast 2023 - 2029
Mahesh Chavan27 Oct, 2023News
The Global Software Market exhibited a value of USD 592.87 Billion in 2022, and a robust growth trajectory is anticipated with a projected CAGR of 12.2% from 2023 to 2029, reaching an estimated USD 1327.12 Billion. Within the software industry, enterprises are engaged in diverse activities, including software development, maintenance, and distribution. Business models range from the traditional "license/maintenance" approach, often on-site, to the contemporary "Cloud-based" approach encompassing services like SaaS, PaaS, IaaS, MBaaS, MSaaS, DCaaS, and more.
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