25 Largest Software Companies in the World by Revenue

Ramish Cheema
10 min read

In This Article:

In this piece, we will take a look at the 25 largest software companies in the world by revenue. For more companies, head on over to 10 Largest Software Companies in the World by Revenue.

Hardware and software are the building blocks of modern day technology. Both have to work hand in hand, and generally speaking, hardware often ends up lagging software when it comes to product development. This is due to the fact that it takes years to develop hardware from the design process to the actual chip fabrication which often requires making the machines themselves in the most advanced cases, while in the case of software, development is relatively easier since it involves iterative upgrades to smooth out any bugs and introduce new features.

The global software market is also one of the biggest in the world and also one that comes with higher margins since the product costs are lower. According to research from Sky Quest, the global software market was worth $547 billion in 2021 and will grow to $872 billion by 2028 through a compounded annual growth rate (CAGR) of 7.2%. The research firm believes that emerging trends such as artificial intelligence and the internet of things (IoT) have the potential to drive the market forward, with the fastest growing segment being the one in which no coding is required and the largest segment being one where there is low code required. It adds that the no code segment will outpace the broader industry significantly in growth percentage, as it is expected to exhibit a faster growth rate of 27.6% over the same time period.

All anyone can talk about these days is the growth of artificial intelligence and the use of ChatGPT for all sorts of applications, from writing to making assignments, and even writing code. However, while for the general public, using code itself to write code seems to be a novel concept, the fact is that this practice has been around for years. Starting from ChatGPT though, the bot is shown to be able to write simple Java, Python, and React code, alongside also providing conversational feedback receiving capability to admit its mistakes and improve on them. Using code to write code that then writes codes is called Metaprogramming in computer science. This practice has a multi decade history, and the first programming language capable to do so was the programming language Lisp which was introduced in 1958.

As far as 2023 goes, there are several trends that will be important this year according to the Massachusetts Institute of Technology (MIT). These include the growing use of robotics in business processes and operations, blockchain technologies, the Internet of Things (IoT), and advanced N3-E semiconductors fabricated by the Taiwan Semiconductor Manufacturing Company (NYSE:TSM).

Recommended Stories