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