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(1998 sales of $41 million) has taken the lead in providing authentication and encryption products. The security segments are needed to ensure the safety of networks and transactions.
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Microsoft Corporation and Netscape Communications Corporation dominate the key software component of the World Wide Web. Two of the main types of Internet software are browsers and security programs. (1998 sales of $1.48 billion) and Cisco share leadership of the remote access concentrator market, with shares of approximately 28% and 27%, respectively. with sales of approximately $9.9 billion and a market share of 67%, dominated the routers market in 1998.
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Two prominent types of network equipment are routers and remote access concentrators. This sector provides the primary infrastructure on which the Internet is built. Described below are the various segments of the Internet: From an obscure network used by a limited number of academics and researchers, the Internet has been transformed into a global Web of more than 100 million interconnected computers encompassing users from all walks of life. In just five years, the Internet has undergone a major metamorphosis. Custom software is tailored to the needs of a specific individual or organization. The proliferation of computers has increased the number of people who use computers relative to those who can program them, increasing the packaged software’s importance. Many computer users don’t have the time or desire to write their own computer programs or to hire a software developer they can choose from thousands of quality packaged programs ready for use with little or no modification. This figure should exceed $53 billion by 2001, based on an 11% compound annual growth rate (CAGR).Īpplications software can be either developed by outside vendors and sold in packaged form, or custom-made by users themselves. The worldwide market for system-level software increased 13% in 1997, to $35.1 billion.
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Revenues continued to show robust growth in 1998. Revenues for the worldwide software market reached $122 billion in 1997, up about 15% from 1996 according to estimates by IDC. The software market has long been one of the computer industry’s fastest growing segments. The software industry consists of three general market segments: application solutions, application tools, and systems software. Applications software are computer programs designed to accomplish user tasks, such as word processing, graphic design, desktop publishing, inventory control, and more. We expect to compete as a thriving company in the computer applications software industry.
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