Awards

Descartes #261 In Sofware 500

The worldwide distribution of application development, maintenance and management services of all kinds is evident in the results of the 2007 Software 500 survey. More companies list system integration services/IT consulting — including a number of offshore services providers — as their primary business sector. System integration was cited by 29 Software 500 companies as their primary business sector, and employment in that sector increased 15% from 2005 to 2006, the survey ranking year.

Overall, total 2007 Software 500 revenue of $394 billion worldwide for 2006 represents growth of 3.5% from the previous year, when total Software 500 revenue was $381 billion.

The software industry remains among the most important in the knowledge worker economy, evidenced by the growth in total employees in the 2007 Software 500, which rose 14.7% to 2,914,480. Software is projected to be the third fastest-growing industry in the U.S. economy over the next decade, according to the Bureau of Labor Statistics at the U.S. Department of Labor. Wages are expected to increase more than 60% through 2014 — about five times the 14% growth projected for all industries combined.

For more information on SoftwareMag.com and The Software 500 visit www.softwaremag.com

Back to Awards