The software industry thrived during the pandemic, and amid rapid digitalization, the momentum is expected to continue. According to Statista, the market revenue from collaboration software is expected to keep increasing, reaching about $21 billion in 2026.
Moreover, the global enterprise software industry is expected to grow at a CAGR of 7.9% from 2022 to 2028. “Enterprise IT spending is recession-proof as CEOs and CFOs, rather than cutting IT budgets, are increasing spending on digital business initiatives,” said John-David Lovelock, Distinguished VP Analyst at Gartner.
