The increased use of artificial intelligence (AI) and cloud-based platforms in nearly every industry has resulted in heightened demand for software solutions and services. In addition, growing business process automation and digitization have contributed considerably to the software industry's growth.
Furthermore, the emergence of centralized infrastructure, cloud on edge, low-code and no-code, and other trends will likely sustain the industry's momentum. Indeed, the global business software and services market is expected to grow at an 11.3% CAGR by 2028.
