10 Biggest Industries in the World in 2024

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2. Software – Infrastructure

Market Capitalization: 4276.28 billion

The infrastructure software market is dominated by players like Microsoft, Oracle, and IBM Corporation. North America is the largest region in this market. The Software as a Service (SaaS) segment within the industry is experiencing robust growth. Approximately 90% of organizations use at least one cloud service and are expected to increase their SaaS use in the coming year. The transition to the cloud and SaaS technologies is projected to drive a significant increase in IT spending, with around 65.9% of software spending going to SaaS technologies by 2025, according to Gartner.

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