Forecast: Production Volumes of Software Publishing in the US

The software publishing industry in the US experienced significant growth from 2013 to 2023, with the production value increasing from $195.19 billion to $367.43 billion. The sector faced a substantial dip in 2020, with a 15.42% year-on-year decline due to pandemic impacts, but rebounded robustly with a 27.59% increase in 2021. Recent data from 2022 and 2023 show more moderate year-on-year growth rates of 1.58% and 3.41%, respectively. The compound annual growth rate (CAGR) over the past five years was 4.28%. Future projections anticipate a moderate growth trajectory, with a forecasted five-year CAGR of 2.49% by 2028, reaching a production volume of $431.19 billion.

Key future trends to watch for include:

• Continued adoption of cloud-based and subscription models in software publishing.

• Increasing integration of artificial intelligence and machine learning in software products.

• Growing demand for cybersecurity and data protection solutions.

• Potential impacts of evolving regulatory landscapes on software development and distribution.