From 2013 to 2023, US computer software e-commerce sales experienced significant fluctuations. Sales increased steadily from 2013 to 2019, peaking in 2017 at $15.44 billion before a dip to $6.94 billion in 2020. By 2021, the market rebounded dramatically, reaching $18.62 billion, with a slower yet stable growth observed through 2022 and 2023, arriving at $19.98 billion for 2023.
Year-on-Year (YoY) variations show notable changes, with a significant decrease in 2020 (-57.78%) followed by an impressive recovery in 2021 (+168.1%). The growth slowed to 2.73% in 2022 and 4.48% in 2023. The Compound Annual Growth Rate (CAGR) from 2013 to 2023 averages 5.18% over the last five years.
Looking ahead, the forecast for 2024 to 2028 projects steady growth, with a five-year CAGR of 3.16% and an overall increase of 16.85%, reaching $24.48 billion by 2028.
Future trends to watch for include:
• Increased adoption of subscription-based software models.
• Growing influence of AI and machine learning in software solutions.
• Expansion of e-commerce platforms targeting niche software markets.
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