$528.5bn
$XX.Xbn
963k
49,866
$XXX.Xbn
This report is sitting on a computer with an industry-produced operating system; if this report was downloaded, it also exists within industry productivity software. The significant companies writing software (Microsoft, Apple, Google and others) have become some of the world's most influential entities, primarily thanks to their omnipresence in the devices people on an hourly basis. In the past 20 years, industry revenue more than tripled, untouched by the Great Recession and boosted by the pandemic. The industry has been richly rewarded for these world-changing applications, climbing at a CAGR of 7.5% to $528.5 billion in 2023, with an astonishingly high profit of 17.8%.
Industry revenue has grown at a CAGR of 7.5 % over the past five years, to reach an estimated $528.5bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Microsoft Corporation | 92,540.8 | 31,989.6 | 34.6 | |
International Business Machines Corporation | 23,753.0 | 2,187.1 | 9.2 | |
Apple Inc. | 15,867.4 | 4,705.4 | 29.7 |
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Industry revenue is measured across several distinct product and services lines, including System software publishing, Application software publishing and Custom application design and development . System software publishing is the largest segment of the Software Publishing in the US.
System software publishing anchors the tech world with essential backbone tools
Software publishers disseminate licenses to customers for the right to execute software on their own computers. Operators in this industry market and distribute software products and may also design the software, produce support materials and provide support services.
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NAICS 51121 - Software Publishing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Software's replicability reduces purchase and depreciation costs for producers. Business software producers have become some of the most profitable companies in the economy.
Including values and annual change:
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IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Software Publishing in the US industry in United States is $528.5bn in 2024.
There are 49,866 businesses in the Software Publishing in the US industry in United States, which has grown at a CAGR of 4.0 % between 2018 and 2023.
The market size of the Software Publishing in the US industry in United States has been growing at a CAGR of 7.5 % between 2018 and 2023.
Over the next five years, the Software Publishing in the US industry in United States is expected to grow.
The biggest companies operating in the Software Publishing market in United States are Microsoft Corporation, International Business Machines Corporation and Apple Inc.
Developing software and Publishing software are part of the Software Publishing in the US industry.
The company holding the most market share in United States is Microsoft Corporation.
The level of competition is high and increasing in the Software Publishing in the US industry in United States.