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Application Software
Neeraj Agrawal  |  May 2, 2019
IPOs, M&A, and Forces of Growth — Here’s Software 2019

Each year, we write a report about the major trends affecting software. This year, the public markets weighed in, too.

One of the biggest takeaways of our “Software 2019” report was the boom in IPO and M&A activity involving software in the last year: In 2018, 17 software companies went public, and IPO volume, or amount raised, was up more than two-and-a-half times compared with the year before. Last year was also a big year for software M&A, with the volume of software-company acquisitions exceeding $100 billion. That set a new all-time record.

Our report also expands on our ongoing belief that five major forces are driving growth in the software industry. These include existing software markets growing over time; software infiltrating formerly niche markets; software displacing hardware; software displacing services and labor; and the fact, well known by now, that every company is becoming a software company.

Initially presented at CloudNY, here is the full Software 2019 presentation.

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