5 Most Competitive Industries in the World

3. Application and System Software

Estimated Number of Firms:  1,648

The application and systems software is one of the biggest industries in the world. It sits right at the heart of the modern day computing age. And while the operating system market is primarily dominated by Microsoft Corporation (NASDAQ:MSFT), there are countless application software companies that are both industry specific and user agnostic. Examples include engineering design software and antivirus. One key factor that makes the application and systems software market being competitive is the low entry costs as it does not require significant capital expenditure to produce new software.