2024 Taiwan Industrial Outlook-Global and Taiwanese IT Software and Service Industry Year Book

The global software market has experienced significant growth in recent years, underpinned by three primary drivers: (1) the widespread adoption of software solutions by companies around the world to streamline business processes, reduce costs, and improve operational efficiency; (2) the growing demand for data privacy protection and cybersecurity, as companies integrate digital technologies into their operations, prompting increased investment in software applications to enhance information security and ensure regulatory compliance; and (3) the lasting impact of the COVID-19 pandemic, which transformed consumer behaviors and operational norms. Even as normalcy resumes, some companies continue to embrace remote work and online operations, leveraging software-driven solutions to accelerate digital transformation.