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September 2018
Software Product Development
Sectorwatch
Software development remains one of the rapidly growing industries with new types of technologies constantly emerging. Owing to increasing demand for automation and massive penetration of building information modelling, the global software engineering market has been witnessing a steady growth over the last few years. Automation design is expected to dominate the market due to increasing demand for automation around various sectors as a result of its ability to save time and money, reduce man power, and provide more precision.
Industry Trends:
- Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining
- Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power
- Current EBITDA margin exceeds the average of the last 3 years EBITDA margin, a condition that may attract new entrants
