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Technology: Software and Services is a Two Trillion Dollar Market

Home › Technology: Software and Services is a Two Trillion Dollar Market

By Dick Weisinger

$2.2 Trillion Dollars.  That’s the size of the global software and services industry as reported by financial analyst firm Research and Markets.  And that market is growing at a compound annual rate of 10% through 2013.

A large piece of the software and services market is dominated by very large companies. The report found that about a fifth of the total market share is controlled by these ten companies:

  • Accenture Ltd
  • Capgemini S.A.
  • Computer Sciences Corporation
  • EMC Corporation
  • Google Inc.
  • Hewlett-Packard Company
  • International Business Machines Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • SAP AG

The software and services generated by these top ten companies was $413.4 billion in 2008, a 12.3% increase over 2007, while their net profit increased by 18% over that same period.  From 2004-2008 this sector has consistently grown at a rate of 12.2%.  Many of those software and service dollars are being spent by companies trying to improve their internal efficiencies.

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