For the 2018 Software 500, Software Magazine researchers continued with the same format as previous years to determine the ranking. The data for this year’s Software 500 looks at the 2017 fiscal year, comparing it to 2016 revenue data from both public and private software and services companies. To ensure consistency, the fiscal years recognized by Software Magazine for 2017 include period ending dates between March 31, 2017, to February 28, 2018, and March 31, 2016, to February 28, 2017, for the 2016 fiscal year.
In the 2018 report, total software and services revenue came to $867.8 billion compared to $813.6 billion in the 2017 report. This shows a compound annual growth rate (CAGR) of 2.8%.
The most popular category in the 2018 Software 500 listing is Security Tools/Systems, which is comprised of 45 companies. Within this category is cybersecurity, which represents a major part of the overall global IT landscape.
According to a recent study by MarketsandMarkets, Cybersecurity Market by Solution, Service, Security Type, Deployment Mode, Organization Size, Industry Vertical, and Region – Global Forecast to 2023, the global cybersecurity market size will grow from $152.71 billion USD in 2018 to $248.26 billion USD by 2023, at a CAGR of 10.2% during the forecast period.
The second ranking category in the Software 500 is IT Consulting/Staffing, which is made up of 30 companies.
Intetics ranked in the list for its 9th consecutive year. It was listed as #429, with a revenue of $14.4 million, showing the revenue growth of 2.5%, with 3.5% of revenue spent on R&D. IBM, Microsoft, Accenture, Oracle, SAP, and Apple head the list. Intetics is very pleased to be on the list once again and is looking forward to future growth in the coming years.
The companies represented in the 2018 Software 500 list fuel the changes towards the next industrial revolution. From cloud adoption to machine learning, the IoT, and blockchain technology, there are a lot of trends to watch within the software industry.
About Software 500
The Software 500 ranking and corresponding Growth Charts enable Software Magazine to take a comprehensive look at the overall software industry to identify trends through revenue growth, investments in R&D, and employee growth. In addition to the printed ranking, the Software 500 and its archives are available online, providing further insight with the ability to compare company statics such as revenue, growth, R&D investment, and employee numbers. This tool is free and simply requires site member registration. You can also visit the digital edition of the 36th annual Software 500 ranking at http://rcppubs.com/3D/SWM/2018/nov/
Image credit: http://www.softwaremag.com
