The COVID-19 pandemic has played a huge role in the software industry's growth, ushering in an era of widespread remote and hybrid working. Furthermore, the development of advanced technologies, such as blockchain and artificial intelligence, and increasing investments by businesses to make their operations efficient, should also help the sector thrive. According to research by Accelerated Strategies Group, 63.3% of business respondents said that they have accelerated digital transformation as a priority for their companies.
In addition, the growth of metaverse, rapid business automation, and rising demand for data analytics are expected to bolster the demand for software solutions. Indeed, the global business software and services market is expected to expand at an 11.7% CAGR from 2022 to 2030.
