European software developers' revenue is forecast to drop at a compound annual rate of 2.8% over the five years through 2024 to €374.1 billion due to challenging economic conditions. Software development revenue has been supported by rising digitisation and technological developments throughout the continent. The industry has been characterised by acquisitions, as global developers have sought to remain on top of market trends and protect their competitive positions by acquiring smaller businesses, particularly niche developers. While revenue tumbled in 2020 amid the pandemic, the industry was less affected than the wider European economy due to the essential nature of most software provided by developers and the digital nature of the industry. Demand for cloud-based and business operation software surged due to lockdowns across the globe, which led to a rise in remote working in Europe, with the Netherlands and Luxembourg having embraced remote-working the most. Revenue is set to contract by 2.2% in 2024 amid economic headwinds. Profit has remained high but has trended downwards. Over the five years through 2029, revenue is forecast to grow at a compound annual rate of 3.3% to €440.2 billion. Continued technological developments, including artificial intelligence, and the rising application of advanced software in businesses will stimulate demand. Heightened demand from the European Fintech space will be influential for developers, as the EU has established a strong regulatory framework to encourage growth.

European software developers' revenue is forecast to drop at a compound annual rate of 2.8% over the five years through 2024 to €374.1 billion due to challenging economic conditions. Software development revenue has been supported by rising digitisation and technological developments throughout the continent. The industry has been characterised by acquisitions, as global developers have sought to remain on top of market trends and protect their competitive positions by acquiring smaller businesses, particularly niche developers. While revenue tumbled in 2020 amid the pandemic, the industry was less affected than the wider European economy due to the essential nature of most software provided by developers and the digital nature of the industry. Demand for cloud-based and business operation software surged due to lockdowns across the globe, which led to a rise in remote working in Europe, with the Netherlands and Luxembourg having embraced remote-working the most. Revenue is set to contract by 2.2% in 2024 amid economic headwinds. Profit has remained high but has trended downwards. Over the five years through 2029, revenue is forecast to grow at a compound annual rate of 3.3% to €440.2 billion. Continued technological developments, including artificial intelligence, and the rising application of advanced software in businesses will stimulate demand. Heightened demand from the European Fintech space will be influential for developers, as the EU has established a strong regulatory framework to encourage growth.

European software developers' revenue is forecast to drop at a compound annual rate of 2.8% over the five years through 2024 to €374.1 billion due to challenging economic conditions. Software development revenue has been supported by rising digitisation and technological developments throughout the continent. The industry has been characterised by acquisitions, as global developers have sought to remain on top of market trends and protect their competitive positions by acquiring smaller businesses, particularly niche developers. While revenue tumbled in 2020 amid the pandemic, the industry was less affected than the wider European economy due to the essential nature of most software provided by developers and the digital nature of the industry. Demand for cloud-based and business operation software surged due to lockdowns across the globe, which led to a rise in remote working in Europe, with the Netherlands and Luxembourg having embraced remote-working the most. Revenue is set to contract by 2.2% in 2024 amid economic headwinds. Profit has remained high but has trended downwards. Over the five years through 2029, revenue is forecast to grow at a compound annual rate of 3.3% to €440.2 billion. Continued technological developments, including artificial intelligence, and the rising application of advanced software in businesses will stimulate demand. Heightened demand from the European Fintech space will be influential for developers, as the EU has established a strong regulatory framework to encourage growth.

European software developers' revenue is forecast to drop at a compound annual rate of 2.8% over the five years through 2024 to €374.1 billion due to challenging economic conditions. Software development revenue has been supported by rising digitisation and technological developments throughout the continent. The industry has been characterised by acquisitions, as global developers have sought to remain on top of market trends and protect their competitive positions by acquiring smaller businesses, particularly niche developers. While revenue tumbled in 2020 amid the pandemic, the industry was less affected than the wider European economy due to the essential nature of most software provided by developers and the digital nature of the industry. Demand for cloud-based and business operation software surged due to lockdowns across the globe, which led to a rise in remote working in Europe, with the Netherlands and Luxembourg having embraced remote-working the most. Revenue is set to contract by 2.2% in 2024 amid economic headwinds. Profit has remained high but has trended downwards. Over the five years through 2029, revenue is forecast to grow at a compound annual rate of 3.3% to €440.2 billion. Continued technological developments, including artificial intelligence, and the rising application of advanced software in businesses will stimulate demand. Heightened demand from the European Fintech space will be influential for developers, as the EU has established a strong regulatory framework to encourage growth.

European software developers' revenue is forecast to drop at a compound annual rate of 2.8% over the five years through 2024 to €374.1 billion due to challenging economic conditions. Software development revenue has been supported by rising digitisation and technological developments throughout the continent. The industry has been characterised by acquisitions, as global developers have sought to remain on top of market trends and protect their competitive positions by acquiring smaller businesses, particularly niche developers. While revenue tumbled in 2020 amid the pandemic, the industry was less affected than the wider European economy due to the essential nature of most software provided by developers and the digital nature of the industry. Demand for cloud-based and business operation software surged due to lockdowns across the globe, which led to a rise in remote working in Europe, with the Netherlands and Luxembourg having embraced remote-working the most. Revenue is set to contract by 2.2% in 2024 amid economic headwinds. Profit has remained high but has trended downwards. Over the five years through 2029, revenue is forecast to grow at a compound annual rate of 3.3% to €440.2 billion. Continued technological developments, including artificial intelligence, and the rising application of advanced software in businesses will stimulate demand. Heightened demand from the European Fintech space will be influential for developers, as the EU has established a strong regulatory framework to encourage growth.

European software developers' revenue is forecast to drop at a compound annual rate of 2.8% over the five years through 2024 to €374.1 billion due to challenging economic conditions. Software development revenue has been supported by rising digitisation and technological developments throughout the continent. The industry has been characterised by acquisitions, as global developers have sought to remain on top of market trends and protect their competitive positions by acquiring smaller businesses, particularly niche developers. While revenue tumbled in 2020 amid the pandemic, the industry was less affected than the wider European economy due to the essential nature of most software provided by developers and the digital nature of the industry. Demand for cloud-based and business operation software surged due to lockdowns across the globe, which led to a rise in remote working in Europe, with the Netherlands and Luxembourg having embraced remote-working the most. Revenue is set to contract by 2.2% in 2024 amid economic headwinds. Profit has remained high but has trended downwards. Over the five years through 2029, revenue is forecast to grow at a compound annual rate of 3.3% to €440.2 billion. Continued technological developments, including artificial intelligence, and the rising application of advanced software in businesses will stimulate demand. Heightened demand from the European Fintech space will be influential for developers, as the EU has established a strong regulatory framework to encourage growth.

European software developers' revenue is forecast to drop at a compound annual rate of 2.8% over the five years through 2024 to €374.1 billion due to challenging economic conditions. Software development revenue has been supported by rising digitisation and technological developments throughout the continent. The industry has been characterised by acquisitions, as global developers have sought to remain on top of market trends and protect their competitive positions by acquiring smaller businesses, particularly niche developers. While revenue tumbled in 2020 amid the pandemic, the industry was less affected than the wider European economy due to the essential nature of most software provided by developers and the digital nature of the industry. Demand for cloud-based and business operation software surged due to lockdowns across the globe, which led to a rise in remote working in Europe, with the Netherlands and Luxembourg having embraced remote-working the most. Revenue is set to contract by 2.2% in 2024 amid economic headwinds. Profit has remained high but has trended downwards. Over the five years through 2029, revenue is forecast to grow at a compound annual rate of 3.3% to €440.2 billion. Continued technological developments, including artificial intelligence, and the rising application of advanced software in businesses will stimulate demand. Heightened demand from the European Fintech space will be influential for developers, as the EU has established a strong regulatory framework to encourage growth.