European software will see growth until 2027, says IDC

The European software market grew 15 per cent year on year in 2022 despite economic turbulence and global instability, according to IDC. The analyst claimed this is the highest growth in the last 20 years, demonstrating the resiliency of demand for software in the face of major macroeconomic factors. Growth was primarily driven by increased price of software licenses (reflecting high inflation), customers locked in with existing partners, and contracts signed for longer time periods tha...