Industry Analysis & Industry Trends
Over the past five years, the Software Publishing industry in Australia has had to go through some remodelling. The global financial crisis fostered cautiousness related to household and business capital expenditure. Businesses and households prioritised saving over spending due to the general economic conditions. The drop in spending caused a mass exodus of smaller firms from the industry and some downsizing and consolidation at the peak of the crisis.
However, this uncertainty was counterbalanced by the emergence of new technology. Smartphones, tablets and high-speed internet access have led to the development of new software that substantially enhances the use of the new hardware... purchase to read more
Industry Report - Industry Analysis Chapter
Over the last few decades Software Publishing has become an established industry. Despite this rise, the industry has been affected over the past five years by the downturn in general economic conditions, which has led to a drop in consumer and business software expenditure as consumers and businesses alike choose to pay off their debts rather than spend on non-essential goods. When the global financial crisis hit, there was a large-scale exit of smaller firms from the industry, and also several instances of downsizing and consolidation as firms sought to guarantee their survival.
The perceived lower level of spending did not stop spending on software entirely... purchase to read more