Global Computer Software Market Report and Forecast 2024-2032

Global Computer Software Market Outlook

The global computer software market size was approximately USD 351.31  billion in 2023. The market is further projected to grow at a CAGR of 6.2% between 2024 and 2032, reaching a value of USD 606.03 billion by 2032.

Key Trends in the Global Computer Software Market

Software is important for directing computer-related activities. Computer software is a set of instructions or data executed on the computer hardware that commands the computer to perform or execute well-defined specific functions. Some examples of computer software are the commonly used Microsoft Office applications like MS-Word, PowerPoint, and others.

• Software that determines and comprehends business data with statistical analysis has gained traction as more and more companies seek to make data driven decisions in their respective fields. Business analytics software helps perform complex processes and algorithms on large amounts of data, reducing manual labour and enhancing business performance. This increase in deployment of business analytics software adds to the computer software market demand.

• The exponential growth of the graphic design and video editing market is stimulating the demand for design and editing computer software. Further, with software leveraging AI, designers have access to powerful tools that can present a variety of design variations, automate repetitive functions, and improve efficiency.

• As software is an important business asset that facilitates the efficient fulfilment of business needs, the demand for computer software in the business/commercial end use segment is expanding. For instance, productivity software like database management systems (DBMS) and spreadsheet applications are required among businesses to assist people in tasks.

Global Computer Software Market Analysis

On the basis of type, the market is divided into operating systems and productivity software; database, storage and backup software; business analytics and enterprise software; and design, editing and rendering software; among others.

By deployment, the computer software market segmentation includes on-premises and cloud. The application segments of computer software encompass personal, business/commercial, and industrial.

The report also analyses the various end use sectors that deploy computer software. These include media and entertainment, BFSI, IT and telecommunications, energy and utilities, government and public sector, and manufacturing, among others. The major regional markets for computer software industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global computer software market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Microsoft Corporation 

• Alphabet Inc. (Google LLC)

• IBM Corporation

• Adobe Inc.

• Oracle Corporation 

• SAP SE

• Dell Inc. 

• HP Inc.

• McAfee, LLC 

• Salesforce, Inc. 

• NortonLifeLock Inc.

• VMware, Inc.

• Others

Global Computer Software Market Share by Deployment

On-premise software is implemented at the physical location of the organisation utilising its own hardware and IT infrastructure. This type of deployment facilitates customisation according to the individual company’s requirements. In case of cloud-based deployment, the software is managed remotely through the cloud by a third-party provider. The data is stored and maintained using a cloud computing framework across different data centres. Several organisations license the cloud-based computer software via a subscription. As the cloud offers the advantage of flexibility and scalability, the cloud-based computer software market share is expected to increase over the forecast period.

Global Computer Software Market Share by Region

As per the computer software market analysis, Asian countries such as China and India are emerging as the preferred choice for software development outsourcing. The Chinese software as a service (SaaS) market is observing a rapid growth. The cloud-based software solutions for streamlining operations like business management, data analytics, office communication, and information security are in high demand in the country. Further, there are multiple custom software development companies in India that provide both an economical price and quality result. To incorporate scalability, leverage AI for proper data analysis, and serve clients more efficiently, companies are actively channelling investments and focusing on product enhancement. These trends are anticipated to positively influence the computer software market growth.

Competitive Landscape

Microsoft Corporation is a global technology company that develops and supports software, services, and other solutions. Its services include cloud-based solutions that offer software, platforms, and services. Microsoft’s products include operating systems, gaming and entertainment consoles, PCs, and tablets, among others. Founded in 1975, the company’s common stock is traded on the NASDAQ Stock Market under the symbol MSFT.

Alphabet Inc. (Google LLC) is a company that is an amalgamation of multiple businesses, the largest of which is represented by Google. Google is divided into two segments that include Google Services and Google Cloud. Alphabet Inc. is headquartered in Mountain View, California and its stocks are traded on the NASDAQ Global Select Market under the symbols GOOG and GOOGL.

IBM Corporation, headquartered in New York, United States, provides integrated solutions and products like software and consulting services that are based on data and information technology. The company offers hybrid cloud platform and AI technology and services to facilitate digital transformation among its customers. The company’s common stock is listed on the New York Stock Exchange, the Chicago Stock Exchange, and outside the United States.

Other players operating in the global computer software market include Adobe Inc., Oracle Corporation, SAP SE, Dell Inc., HP Inc., McAfee, LLC, Salesforce, Inc., NortonLifeLock Inc., VMware, Inc., among others.

Key Highlights of the Report