Forecast: Turnover of Software Publishing in Spain

The turnover of software publishing in Spain has shown a strong upward trend from 2013 to 2023, increasing from 590.9 million euros to 1160 million euros. Notably, there were significant jumps, such as the 36.06% increase in 2015. However, there were also periods of decline, with the most notable being an 11.46% drop in 2019. The average annual growth rate (CAGR) over the last five years up to 2023 has been 1.63%. Looking at the forecasted data from 2024 onwards, the turnover is expected to continue its growth trend, albeit at a slower pace, achieving a CAGR of 1.46% by 2028, with an overall growth rate of 7.5% for the five-year period.

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

• Increased adoption of cloud computing and Software-as-a-Service (SaaS) models.

• Rising demand for cybersecurity solutions due to the increased frequency and sophistication of cyber threats.

• Growth in artificial intelligence and machine learning applications within software products.

• Continued digital transformation across various sectors, driving the need for specialized software solutions.

• Expansion into emerging markets and development of localized software offerings.