The term “software” first appeared in print in the 1960s has since become ingrained in our society as a staple product across a variety of industries. The industry rapidly expanded in the ’70s and has since become one of the biggest industries in the world.
Today, software is found on almost anything that uses electricity, either embedded into a gadget or installed via a program on a mobile device or computer.
The software industry is divided into four main categories including system services, programming services, open-source, and software as a service (SaaS). The programming services sector has traditionally been the largest sector including pioneers like Microsoft Corporation, Automatic Data Processing (ADP), Oracle Corporation, and SDC Technologies.
Today’s software companies have the ability to change the world. We interact with intelligent software so often, we probably don’t even realize it. But some of the basic software you see on a daily basis are Microsoft Word, Avira, Adobe Photoshop, Windows Media Player, and more.
Our lives in business are easier with software applications as we often use software applications like managing databases, accounts, billing, payroll, and more. We use software in healthcare, banking, general communication, and more.
Valued at over $533 billion, the software industry is projected to reach a market value of $773 billion by 2025. It’s no surprise at how much software has exploded over the past years, as it plays such a significant role in our everyday lives, both for professional business and personal use.
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