Software

[New] The corrugated packaging software market is expected to grow by USD 9 billion during 2020-2024.
[New] The global market for container management software and services will increase from a base of US$ 465.8 million in 2020 to reach values of $944 million in 2024, driven by the adoption in cloud-native applications and infrastructure.
[New] There's a lot of dough to be made in the contact center software market, the market could reach $48,010,000 by 2026.
[New] The global AR and VR Software Market is expected to witness a promising growth in the next few years.
[New] The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Banking Accounting Software market in 2020.
The global AI software market is expected to grow approximately 154% year-on-year, reaching a forecast size of $22.6 billion by 2025.
With industries investing aggressively in projects that utilize AI software, IDC forecasts AI systems will more than double from 2018 to 2022 to $79.2 billion, with a CAGR of 38.0%.
Spending on IoT hardware, software, and services will reach $1.2 trillion by 2022 (compared to $630 billion in 2017).
The global Virtual Reality Software market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 5.9% in the forecast period of 2020 to 2025 and will expected to reach USD 1966.7 million by 2025, from USD 1564 million.
In Japan, the Software Platform segment will reach a market size of US$ 177.7 Million by the close of the analysis period.
Over the next five years the Childcare Software market will register a 6.4% CAGR in terms of revenue, the global market size will reach $559 million by 2025, from $435.7 million in 2019.
The Enterprise resource planning (ERP) market is forecast to witness growth in the coming year - overall IT spending on enterprise software is projected to grow to 462 billion U.S. dollars by 2020.
The global enterprise resource planning (ERP) software market is forecast to grow to around 97 billion U.S. dollars by 2023.
The Global Encryption Software Market is expected to reach USD 28.91 billion by 2025, from USD 4.17 billion in 2017 growing at a CAGR of 27.40% during the forecast period of 2018 to 2025.
Global spending on hardware, software, services and telecom projected to reach nearly $5.2 trillion in 2020.
Continued momentum around digital transformation projects was expected to fuel strong demand for software and IT services in 2020.
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.

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Last updated: 06 July 2020