With a growth rate of 15%, the European software market has moved in 2022 despite global economic turmoil and international instability. This figure represents the highest growth in 20 years, demonstrating the resilience of software demand in the face of adverse macroeconomic factors. Development – according to IDC analysis cited per annum– was mainly due to higher software license prices (reflecting high inflation) and contracts awarded for longer periods of time than in previous years. elbow for her European software market remains high both for the current year and for the entire period until 2027. In 2023, the European software market is projected to grow at 11.7%. This figure is considered significant given that it is achieved in an environment of economic instability and high inflation.

In 2022, in Europe, the growth rate of the sector reached 15%.

Meanwhile, analysts estimate the compound annual growth rate (CAGR) for the five-year period from 2022 to 2027 for the European software market at around 12%. In fact, the three categories of the software market are expected to grow rapidly, many times the average of the entire software market in Europe. AI software platforms are projected to grow at a CAGR of 41% until 2027 (reflecting a 16x growth between 2018 and 2027). The second most dynamic sector in the European software market will be integration and orchestration middleware with a CAGR of 24%, while quality assurance and software lifecycle tools will operate at 20%. In addition to these three major segments, the overall app development and deployment (platform as a service) market is projected to grow by 18% between 2022 and 2027, making it a key software spending segment.