Forecast: Number of Persons Employed in Software Publishing in the US

The number of persons employed in software publishing in the US has shown strong growth from 2013 to 2023, with a compound annual growth rate (CAGR) peaking at 9.31% in 2019 before gradually declining to 4.62% by 2023. Employment levels in 2023 stood at 653,000. Despite the substantial growth mid-decade, employment increases began to temper, especially post-2020 where growth rates consistently dropped below 4%. The forecasted CAGR from 2024 to 2028 is expected to further decline to 2.11%, indicating a more modest growth trajectory.

Future trends to watch for include the impact of emerging technologies such as AI and cybersecurity on employment, potential shifts towards remote work, and the continuing evolution of software development methodologies and platforms, which may influence employment patterns and requirements in the sector.

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