Mass layoffs have dominated recent headlines on Big Tech amid a turbulent macroeconomic environment. However, the broader software industry is positioned to benefit from lasting tailwinds, such as increasing digitization and automation of business operations, hybrid work culture with more remote teams, and growing demand for cyber security.
Global revenues from software services are expected to grow at a 7.9% CAGR over the next five years to reach $812.90 by 2027, with the United States well-poised to benefit the most from it.
