Software Market On The Upswing, Studies Show - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Software // Enterprise Applications

Software Market On The Upswing, Studies Show

Two major studies examining different phenomena--venture capital and high-tech employment--reached similar conclusions last week: The software industry is solid, if not booming.

The PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree Survey found that 198 software-industry companies raised $1.1 billion in the first quarter of 2005, representing the largest single industry category. Total VC investments for the quarter were $4.6 billion, and, although that figure was down 8% from a year ago, it was in line with historical norms.

"I think we're in a stable environment, which is a good thing after the roller-coaster ride of 1999 through 2003," Tom Crotty, general partner of Battery Ventures, said in a conference call reporting the results.

An American Electronics Association study, which looked at employment state by state, said slightly more than 30,000 jobs were added in the software-services industry in 2004. However, high-tech manufacturing lost 32,000 jobs between 2003 and 2004, with a net industry loss of 25,000 high-tech jobs from total employment of 5.6 million.

"For the first time since 2000, both software services and engineering and tech services added jobs," AEA president and CEO William T. Archey said in a statement. "Each of these tech sectors added over 30,000 net new jobs to the economy in 2004."

--With Steven Marlin

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
How COVID is Changing Technology Futures
Jessica Davis, Senior Editor, Enterprise Apps,  7/23/2020
10 Ways AI Is Transforming Enterprise Software
Cynthia Harvey, Freelance Journalist, InformationWeek,  7/13/2020
IT Career Paths You May Not Have Considered
Lisa Morgan, Freelance Writer,  6/30/2020
White Papers
Register for InformationWeek Newsletters
Current Issue
Special Report: Why Performance Testing is Crucial Today
This special report will help enterprises determine what they should expect from performance testing solutions and how to put them to work most efficiently. Get it today!
Flash Poll