Forecast: Number of Employees in Software Publishing in the US

The number of employees in software publishing in the US reached 636,000 persons in 2023, marking a year-on-year increase of 3.08%. Over the last two years, there has been a consistent growth trend, though at a reduced rate compared to previous years. The annual growth rate has been slowing from 9.26% in 2019 to a lower, yet positive, CAGR of 4.56% over the last five years. Forecasts indicate a continued increase, with a 2.16% CAGR projected over the next five years, leading to an estimated 729,000 employees by 2028, showing an 11.3% overall growth from 2023.

Future trends to watch for:

• Enhanced demand for software solutions, particularly in artificial intelligence and cloud computing, driving employment.
• Potential fluctuations due to economic conditions and technological advancements.
• Shift towards remote work influencing employment patterns in the industry.