World Software Market Size. The US is the top regional market in terms of software market revenues as it is the home of many worlds largest software companies including Oracle Microsoft and IBM. The United States is the largest tech market in the world representing 33 of the total or approximately 16 trillion for 2021.
The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world by Forbes magazine based on a mix of four metrics. IDC breaks that market down into four broad categories. Exhaustive secondary research was done to collect information on the market peer market and parent market.
The global business software and services market size was valued at USD 32291 billion in 2018 and is expected to expand at a CAGR of 107 from 2019 to 2025.
In the US as well as in many other countries the tech sector accounts for a significant portion of economic activity. Gerry Murray at IDC has an answer to that question which he announced in a blog post last week. Exhaustive secondary research was done to collect information on the market peer market and parent market. The global encryption software market size was valued at 682 billion in 2019 and is projected to reach 2274billion by 2027 growing at a CAGR of 163 from 2020 to 2027Encryption software is an application used by organizations to protect their data while sending the data from one remote location to another.