Video Games Software Developers

Operators in the Video Games Software Developers industry primarily develop video game software for use on computers, video game consoles and mobile devices.

Industry operators do not publish their software, which means industry software is developed independently or alongside a publisher.

First-party and independent developers are excluded, as these companies also handle publishing.

Most operators are second- or third-party developers, which means they are either part-owned or independent of larger industry publishers.

Operators may be contracted by a publisher to produce video game software, or they may sell the rights to their software to a publisher for distribution.

Industry revenue is heavily dependent on innovation within the broader Video Game Software Publishing industry (Research

report 51121e) in addition to consumer demand for video games.

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Website Creation Software Developers

The Website Creation Software Developers industry comprises companies that primarily develop and publish HTML editing software, which is used to design websites.

The industry has encountered significant growth over the five years to 2020, as digital content and delivery has become essential to consumers and businesses.

Rapid growth in the number of websites and how consumers interact has been fueled by a proliferating number of broadband connections, the advent of the smartphone and evolving consumer preferences.

Consequently, an opportunity has presented itself to web developers to create software enabling individuals and small businesses to easily create web pages for themselves or their businesses.

Moreover, expansion in the number of businesses in the United States has fueled demand for industry products and services during the period.

Altogether, industry revenue is estimated to have grown at an annualized rate of 7.7% to $10.9 billion over the five years to 2020.

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Software Publishing

Operators in the Software Publishing industry design, develop and publish software.

Industry revenue expanded rapidly over the five years to 2021, as businesses and consumers increased their investment in software, computers, smartphones and video games.

Rising private investment in computers and software stimulated demand from businesses, while higher consumer spending encouraged consumers to spend on software as well.

Moreover, new internet-based solutions and the increasing popularity of mobile devices have triggered an explosion of mobile software applications.

Industry revenue is estimated to rise at an annualized rate of 7.8% to $396.7 billion over the five years to 2021.

In 2020, the industry encountered remarkable revenue growth of 12.6%, as the COVID-19 (coronavirus) pandemic incentivized businesses to increase spending on software for remote operations and consumers increased spending on social and entertainment software offerings.

Revenue is anticipated to rise 3.3% in 2021.

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HR and Payroll Software

The HR and Payroll Software industry sells human resources, payroll and recruitment software to businesses.

The industry generates revenue through the sale of new software, software license updates and subscription fees for online applications.

Businesses use the software to streamline administration and collate data, while reducing the risk of litigation and other compliance issues.

Companies also use the software to control labor costs, minimize risk and manage personnel.

Over the five years to 2019, the industry has experienced robust growth, with revenue rising at an annualized rate of 9.9% to $9.9 billion.

The industry has benefited especially from increased private investment in software and the trend of businesses bringing HR services in-house to cut costs.

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Insurance Claims Processing Software

The Insurance Claims Processing Software industry has transformed insurance claims handling, previously a labor-intensive process, over the past decade.

Industry operators market their products, which are used to process insurance claims and manage policies, primarily to the Property, Casualty and Direct Insurance industry (Research

report 52412) and the Life Insurance and Annuities industry (52411a).

Property and casualty (P&C) insurers and life insurers seek to differentiate themselves in their competitive environments by using industry products, which are designed to streamline operations, reduce process complexity and costs, manage compliance with new regulations and increase customer satisfaction.

Therefore, industry revenue has declined an annualized 0.4% to $9.3 billion over the five years to 2020, including a decline of 16.7% in 2020 alone due to the increased economic and financial uncertainty amid the COVID-19 (coronavirus) pandemic.

Profit is anticipated to decline during the period as well.

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Language Learning Software Developers

Operators in the Language Learning Software Developers industry create language learning software that includes features such as speech recognition technology, online practice sessions with native speakers and language learning games.

Over the past five years, the industry has expanded greatly.

Long-term trends such as globalization, immigration and internet connectivity, caused revenue to climb.

Rising per capita disposable income has also benefited the industry by providing consumers with the income they need to purchase industry products, which may be viewed by many consumers as discretionary items.

Over the five years to 2019, industry revenue is expected to climb at an annualized rate of 11.5% to $3.1 billion, including a 7.3% increase in 2019 alone.

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Online Computer Software Sales

Operators in the Online Computer Software Sales industry sell and distribute software for local installation and execution to customers via the internet.

Companies in this industry may also handle digital rights management for that software.

The broad array of available computer software programs used today enables a range of different retail channels to provide industry products to consumers and businesses alike.

Industry sales include unique download and subscription software sales, in addition to the sale of industry software in combination with computer hardware or accessories.

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Online Payment Processing Software Developers

The Online Payment Processing Software Developers industry has experienced rapid growth over the five years to 2019, primarily due to consumers’ retail preferences shifting from traditional brick-and-mortar stores to online retail outlets.

This shift in demand has been facilitated by the boom in the number of mobile internet connections during the current five-year period.

The ever-increasing percentage of services conducted online has bolstered demand for industry services, as online payment processing is directly tied to the use of online retail and auction sites.

Furthermore, growing per capita disposable income is expected to induce consumers to spend more online, spurring demand for industry services.

Overall, industry revenue is expected to increase an annualized 8.4% to $23.3 billion over the five years to 2019, including growth of 6.0% this year alone.

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Online Survey Software

The Online Survey Software industry develops software for use in market research, product testing and a variety of other customizable uses such as employee satisfaction or consumer preferences.

Industry operators offer clients a product that is less costly to run but also more time efficient, interactive and can be easily integrated with data analytics platforms.

As a result, many companies have reduced their use of traditional market research activities, which rely on physical results collection and often generate lower response rates as well as lower operational efficiency.

Instead, users are increasingly opting to extract feedback using services provided by online survey software companies, at a fraction of the cost.

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Brand Name Pharmaceutical Manufacturing

Business for Sale Industry EconomicsRevenueProjected CAGRHistoricalProjectionCAGRProfitQuick ScrollSummaryPerformanceOutlookIndustryInvestmentThe industry of Brand Name Pharmaceutical Manufacturing has a modest level of capital intensity. Industry...

Carbon Fiber and Graphene Manufacturing

Business for Sale Industry EconomicsRevenueProjected CAGRHistoricalProjectionCAGRProfitQuick ScrollSummaryPerformanceOutlookIndustryInvestmentThe capital intensity of the Carbon Fiber and Graphene Manufacturing business is low. The industry spends...

Ceramics Manufacturing

Business for Sale Industry EconomicsRevenueProjected CAGRHistoricalProjectionCAGRProfitQuick ScrollSummaryPerformanceOutlookIndustryInvestmentThere is a low degree of capital intensity for the ceramic sector. Research in 2021 indicates that...

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