The Evolution of the Software Industry

 The venture capitalists no longer view the software industry as the money-making machine it once was.  Fewer and fewer software companies are going public, and they’re no longer the big-risk, big-payoff opportunities they once were. 

If someone wants to put all their chips on black, win big and walk away from the table, they need to look at mobile or social companies (for the next few years, anyway). Even though software growth has slowed, it has become more stable.

Rather than a sought-out luxury, most software offerings are seen as necessity. It is almost unthinkable to purchase a computer without also purchasing Microsoft Word or a similar word processor.

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For an accounting software solution, small businesses often turn to QuickBooks, while larger companies will look to SAP, Oracle or Microsoft Dynamics. 

Industry Trends

What, then, turned the rebellious young software industry into a nine-to-five grownup? I was there, so I can tell you. 

The software industry, in many ways, represents the most fundamental transition of U.S. culture and business in recent memory. As computers became more accessible to consumers, software was viewed as the great savior, replacing or simplifying tedious tasks so that humanity in general could focus on greater achievements than filling in forms or sifting through file cabinets.