Software Market To Witness A Significant Growth Of USD 91.6 Billion By 2028
San Francisco, 15 July 2022: The Report Software Market Size, Share & Trends Analysis Report, By Type, By Deployment Mode (On-premises Software, Cloud-based Software), By Region, And Segment Forecasts, 2022 - 2028 The global software market size was estimated to reach USD 91.6 billion by 2028 and is expected to grow at a CAGR of 8.7% from 2022 to 2028, according to a new report by Grand View Research, Inc. The increase in the volume of enterprise information, growing automation of business processes, and rising digitization are the major factor driving the growth of the software market. In addition, rising network security and privacy concerns are other factors driving the software market. However, high costs of licensing and support are the major restraining factor for the software market. Most of the key players working in the market implement different strategies such as collaboration and acquisition to grab maximum share in the software market. For instance, McAfee has co