Software

[New] Continued momentum around digital transformation projects was expected to fuel strong demand for software and IT services in 2020.
[New] North America software market is expected to grow at USD 33.52 billion by the end of forecast period.
The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Benefits Administration Software market in 2020.
In 2020, more SMBs will invest in artificial intelligence as a service: the total global revenue for AI software is expected to grow from $9.5 billion in 2019 to as much as $118.6 billion in 2025.
The global AI software market will reach approximately 15 billion dollars in 2020 which means AI is becoming a lot more than just a trend.
By 2026, the global market for accounting software will have a value of 11.8 billion dollars.
Competitor Fitbit unveiled Sp02 tracking via a software update earlier this year and leaked code for Apple's next firmware update iOS14, suggests that sleep tracking will be included.
The Global Home Inspection Software Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2019 to 2026.
The security software market is projected to rise from ~ $135 billion in 2019 to nearly $200 billion by 2024, representing one of the fastest growing segments in global technology.
The Global 3D Animation Software Market anticipates reaching USD 15.5 BN by revenue in the year 2025 exhibiting a CAGR of 11.5% from 2019 to 2025.
Glancing to 2020, the global market expected to be a significant year for Gamification Software Market in terms of growth and revenue.
The Global Aviation Simulation Software Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2019 to 2026.
North America is the largest regional artificial intelligence software market which also experiences the largest market growth, with revenues increasing from around four billion U.S. dollars in 2018 to more than 50 billion U.S. dollars in 2025.
The MRO software market in aviation is projected to grow from USD 6.9 billion in 2020 to USD 8 billion by 2025, at a CAGR of 2.9% during the forecast period.
The size of the business intelligence and analytics software application market is forecast to reach around 14.5 billion U.S. dollars in 2022.
The Neural Network Software Market was valued at USD 8.3 billion in 2019 and is expected to reach USD 50.66 billion by 2025, at a CAGR of 35.2% over the forecast period 2020-2025.
The intelligent process automation (IPA) software market, which includes content intelligence and robotic process automation (RPA), will grow from $13.1 billion in 2019 to $20.7 billion in 2023.
The next few years are expected to witness remarkable growth of the entire AI software industry, with market value lifting more than fivefold by 2025.
The bring-your-own-devices trend is part of an asset tracking software market expected to be worth $11 billion a year by 2023.
Worldwide spending on digital transformation technologies - hardware, software, and services - is expected to cross the $2 trillion mark by 2021.
Solar system prices will continue to become cheaper over the next decade, driven by advances in module efficiency, manufacturing, labour practices, and software.
Global Anti-Money Laundering (AML) Software Market is valued approximately at USD 977 Million in 2018 and is anticipated to grow with a healthy growth rate of more than 12.61% over the forecast period 2019-2026.

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Last updated: 25 May 2020