SOFTWARE SELLING MARKET ESTIMATED GROWTH
Here’s a plain‑spoken summary of the software selling market’s estimated growth, including projections for 2025 and beyond:
🌍 Global Software Market Growth Overview
In 2024, the overall global software market was valued at approximately USD 737 billion, with a projected rise to about USD 818 billion in 2025 Precedence Research+8Grand View Research+8Business Research Insights+8.
Analysts expect the market to expand at a compound annual growth rate (CAGR) of around 11–12% through the rest of the decade, with estimates between 11.3% and 11.8% depending on the source Grand View ResearchPrecedence ResearchMordor Intelligence.
Long‑Term Forecast
| Year | Estimated Market Size (USD) | Notes |
|---|---|---|
| 2025 | ~ 818 billion | Base year forecast |
| 2030 | ~ 1.4 trillion | At ~11.3% CAGR |
| 2034 | ~ 2.25 trillion | At ~11.8% CAGR IMARC Group+5Mordor Intelligence+5Precedence Research+5IMARC Group+7Investopedia+7Business Insider+7 |
📌 Segment Highlights
SaaS (Software as a Service)
Forecast to grow from ~USD 408 billion in 2025 to ~USD 1.25 trillion by 2034, with a steady 13.3% CAGR Indiatimes+15Precedence Research+15GlobeNewswire+15.
Cloud deployment—especially hybrid-cloud models—is a major driver Reddit+10GlobeNewswire+10IMARC Group+10.
Enterprise Software
Estimated at USD 280 billion in 2025, and projected to exceed USD 761 billion by 2034 (~11.7% CAGR) Precedence Research.
Statista’s 2025 estimate for enterprise software sits at USD 316.7 billion, with a moderate growth rate of ~4.99% toward 2030 Precedence Research+8Statista+8Grand View Research+8.
Business Software & Services
Combined segment valued at ~USD 665 billion in 2025, expected to reach ~USD 1.83 trillion by 2034, at a ~11.9% CAGR Precedence Research+3Precedence Research+3Precedence Research+3.
🧠 What This Means in Plain English
The software selling market is in a strong upward trajectory, riding on waves from cloud transformation, digital automation, and AI adoption.
Growth varies by sector: SaaS and business software/services are expanding fastest (~13%), followed by enterprise software and the overall market (~11–12% CAGR).
By 2034, the industry could be 2–3 times its 2025 size, making it a critical growth engine for tech economies.
✨ Why Growth Is So Strong
AI & Automation: Businesses are embedding more intelligence into apps, driving demand for software that powers AI workflows and analytics.
Cloud & Subscription Models: SaaS and hybrid-cloud delivery continue to reduce friction for buyers and pave the way for recurring revenue.
Low-Code / No-Code Platforms: Everyone from enterprise teams to SMEs is building apps without heavy IT overhead, thanks to citizen-developer tools like Power Apps and Mendix Mordor Intelligence.
Sector-Specific Software: Solutions tailored for healthcare, logistics, finance, and other verticals are fueling adoption.
Expanding SME Market: Small and mid-sized businesses are investing more in scalable, user-friendly software—particularly in high-growth Asia-Pacific regions.