Business Analytics & Enterprise Software Publishing

The Business Analytics and Enterprise Software Publishing industry has expanded on the back of positive demand conditions over most of the five years to 2022, caused by high private investment in computers and software. Industry revenue is expected to grow at an annualized rate of 14.1% to $147.7 billion over the five years to 2022, driven by the increasing technological complexity of businesses and an eagerness to adopt efficiency-enhancing software. Many industry products, such as customer relationship management (CRM) and enterprise resource planning (ERP) software, have become basic tools in the corporate operations and management. Despite the COVID-19 (coronavirus) pandemic, revenue growth soared in 2020 alongside profit, as businesses rapidly shifted operations online. Operators encountered higher demand from customers seeking to expand their online presence. Furthermore, revenue is expected to grow 11.8% in 2022 alone.