The pandemic-induced digital transformation drive across industries is increasing the demand for advanced software solutions. And increasing investments in cloud-based solutions bode well for the software industry. Software spending is expected to climb 9.8% to $674.90 billion in 2022, while enterprise software is expected to grow at its highest ever rate this year..
Furthermore, the digital transformation trend is expected to be a long-term phenomenon that will continue to boost the industry’s growth. With emerging technologies and new breakthroughs, the software development landscape is constantly evolving.
