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Design Editing and Rendering Software Publishing

The Design, Editing and Rendering Software Publishing industry comprises companies that create software programs for professionals in the fields of graphic design, architecture and video game production, among other applications.

Industry revenue is expected to increase at an annualized rate of 4.6% to $12.3 billion over the five years to 2020.

The adoption of new technology, such as 3D printers, by larger manufacturers and niche hobbyists has spurred demand for computer-aided design (CAD) software during the period.

Furthermore, rapidly increasing private investment in software has benefited industry operators over the past five years.

However, industry revenue is expected to decline 1.9% in 2020, due to constrained private investment in computers and software amid the COVID-19 (coronavirus) pandemic this year.

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Database Storage and Backup Software Publishing

The Database, Storage and Backup Software Publishing industry comprises operators that develop and distribute database management, storage and remote-backup software systems.

Database software serves a key purpose within a company’s information technology infrastructure, enabling operational data analysis to supplement well-informed decisions.

The industry performed well over the five years to 2021, as surging private investment in computers and software stimulated demand.

Consumers have also become more alert to the benefits of industry products.

The industry’s primary product segment has gradually become a necessity for many core markets over the past five years.

Altogether, industry revenue has grown at an annualized rate of 5.8% to $60.1 billion over the five years to 2021, including growth of 10.9% in 2020 despite lower private investment and consumer confidence due to the COVID-19 (coronavirus) pandemic.

Revenue is expected to rise 2.6% in 2021.

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Biometrics Scan Software

The Biometrics Scan Software industry comprises companies that develop software for biometric technologies such as fingerprint-, iris-, retina- and face-identification systems.

The industry has recorded prolific expansion over the past five years as its reliance on government agencies, such as the US Department of Homeland Security (DHS) and other defense agencies, has boosted revenue.

Despite growth, the industry has contended with controversy as people have grown wary of facial recognition technology and fear the loss of privacy.

Despite this concern, the industry has grown by offering greater cyber security than other technologies can offer.

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Business Analytics and 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 2021, caused by high private investment in computers and software.

Industry revenue has grown at an annualized rate of 13.5% to $115.2 billion over the five years to 2021, 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.

Overall, industry revenue is expected to grow 5.4% in 2021 alone, having increased 16.5% in 2020.

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Computer and Packaged Software Wholesaling

Although demand for computers and software has grown strongly over the past five years, operators in the Computer and Packaged Software Wholesaling industry have struggled with price erosion and direct sales by software publishers.

While private investment in computers and software has increased, the price of computers and peripheral equipment has decreased substantially during the same period.

Industry operators have had to pass these lower costs downstream, which has suppressed profitability.

In 2020, however, the COVID-19 (coronavirus) pandemic increased demand for computers from businesses.

As social-distancing policies spread across the country, businesses adapted by having employees work remotely.

As a result, computer sales increased, bolstering demand for industry products.

Consequently, over the five years to 2021, industry revenue is expected to increase at an annualized 2.6% to $301.6 billion, including 0.2% in 2021.

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