#technologyindustry

⏰ Tune in to episode 189 of The ERP Minute for this week’s #erp news on Acumatica's announcement of its acquisition by Vista Equity Partners, Sage's introduction of Sage Supply Chain Intelligence, and UKG and Aptean announcing movement to expand their respective ecosystems.

Without programmes that translate physical hardware into useful work, computers would be worthless. The programmes and data that run on a computer are referred to as software. There are four types of software: programming services, system services, open-source, and software as a service. Software firms generate revenue through a variety of channels, including software licencing, maintenance services, subscription fees, and support services. Consumers can now pay a monthly membership fee to receive immediate access to software on a provider server using cloud technology, a fast-increasing market. Software companies are among the largest developers of corporate solutions in the world.

It is difficult to conduct day-to-day operations in the technology industry without software. There is software for a wide range of applications, including entertainment, business, and security. Now, let's take a look at the top 10 software companies by revenue or subsidiary. Based on 12-month trailing sales, these are the top ten software companies.

1. Microsoft

Microsoft Corporation

Worldwide software sales: $149.7 billion

Founded in: 1975

Headquarters: Redmond, Washington, USA

Microsoft offers a wide range of goods and services.  Bill Gates and Paul Allen founded Microsoft in 1975. The Windows operating system, the Microsoft Office suite, and the Internet Explorer and Edge web browsers are among the most popular Microsoft software products. The Xbox video game consoles and the Microsoft Surface range of touchscreen personal computers are the company's biggest-selling products. In 2020, Microsoft was placed No. 21 on the Fortune 500 list of the biggest businesses worldwide. In terms of revenue, it is also one of the world's largest software companies. It is one of the "Big Five" corporations in the United States information technology sector. M.S. Office makes basic office chores easier to handle and increases productivity. Each software is designed for certain tasks such as word processing, data management, presentation preparation, and email management.