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Software Development in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Software Development Market Research Report | SIC J62.010 | Feb 2017

A strong development: The growth of new technologies will support continued expansion

IBISWorld’s Software Development market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Oracle Corporation UK Ltd Oracle Corporation UK Ltd market share
Industry Statistics & Market Size
Revenue
£27bn
Annual Growth 12-17
8.9%
Annual Growth 17-22
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Profit
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Employment
169,257
Businesses
25,047
Industry Analysis & Industry Trends

The Software Development industry consists of businesses that write, modify and test systems and applications software, databases and web pages. The industry has made considerable progress over the past decade as businesses and individuals have become reliant on electronic devices in many areas of their lives. Online access to news, social media, video and other websites, in addition to automated client-relationship software and advertising software applications, are now an integral part of modern culture. Consistent developments in technology have helped the industry grow solidly over the past five years. Industry revenue is expected to grow at a compound annual rate of 8.9% over the five years through 2016-17. The industry is forecast to generate revenue of £26.6... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Software Development industry is in the growth stage of its life cycle. Industry value added (IVA), the contribution of the industry to the overall economy, is expected to grow at a compound annual rate of 7.9% over the 10 years through 2021-22. In comparison, UK GDP is expected to grow at a compound annual rate of 2.3% over the same period. This indicates that the industry is growing as a share of the economy.

The growth stage of the industry is usually characterised by innovation in products and services, significant technological change and the continuous entrance of new players in the market. The Software Development industry exhibits many of these features. For.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Software Development Industry?

Operators in this industry design and write computer code to implement systems software, software applications, databases and web pages. The industry includes companies that write, modify and test software. However, the industry does not include the design of systems that use hardware and software, or the installation or publishing of software.

Industry Products
Maintenance and supportApplication softwareSystems softwareCustom softwareLeisure and entertainment software
 
Industry Activities
Systems software developmentApplication developmentDatabase developmentTesting and debugging


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