Computer Software Industry Overview

Companies that design, develop, market, and support systems and application software used in personal computers, servers, embedded systems, and mobile devices.

Summary

Even in times of economic uncertainty, software remains a significant component of the global economy. The drive for greater efficiency and the increasing globalization of business markets spurs much of the spending, as companies continue to invest in the hardware and software infrastructure that enables them to operate in increasingly competitive markets.The software industry has experienced significant consolidation of late.

Full Computer Software Industry Description

Faster Computers Permit New Applications

The rapid increase in computer power creates new software opportunities, such as photo and video editing. Most developers of user applications create successive versions of the same product, taking advantage of greater computer speed to improve products by making them faster or capable of handling new functions.

Full Computer Software Industry Trends

• Blackboard Inc.
• Allscripts Healthcare Solutions, Inc.
• Landacorp, Inc.

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Computer Software maps to a number of NAICS codes including:

Full Computer Software Industry Codes

• Business Software Alliance
  
• Computing Technology Industry Association
  
• Software & Information Industry Association
  

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