10 Biggest Industries in the World in 2024

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7. Software – Application

Market Capitalization: 2083.46 billion

With the development of cloud-based applications, the rise of artificial intelligence and machine learning integration, and an emphasis on cybersecurity, the software application industry is experiencing an increasing market demand. According to Precedence Research, the size of the global software application market is expected to reach around $328.3 billion by 2032 from $155.64 billion in 2022.

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