Forecast: Production of Software Publishing in the US

From 2013 to 2023, the US software publishing industry has shown a generally upward trend in production value, rising from $197.81 billion in 2013 to $348.45 billion in 2023. There were fluctuations, notably a significant dip in 2020 due to external factors likely tied to the global pandemic. However, the sector rebounded rapidly in subsequent years, with a year-on-year variation of 3.24% from 2022 to 2023. The average annual growth rate (CAGR) over the past five years has been 4.08%.

Looking ahead from 2024, the industry is forecasted to continue its growth trajectory, reaching $405.88 billion by 2028. The predicted five-year CAGR is a steady 2.38%, indicating moderate yet consistent expansion. Analysts expect a cumulative growth rate of 12.46% by 2028.

Future trends to watch for in the software publishing industry include:

• The increasing adoption of artificial intelligence and machine learning.
• Growth in cloud-based services and subscription models.
• Enhanced focus on cybersecurity solutions.
• Continued integration of software across diverse industry verticals.