Microsoft’s core business is its productivity and business process segment, from which the company generated 100 billion U.S. dollars, down from the earlier forecast of 503 billion.įounded in 1975 by Bill Gates and Paul Allen, Microsoft has grown into one of the most successful tech firms in the world and has experienced years of continued success. However, due to the negative economic impact of the coronavirus (COVID-19) pandemic, the market is expected to witness a decline in 2020 with projected revenue of just 426 billion U.S. The market includes a wide range of applications such as human resource management (HRM), enterprise resource planning (ERP), customer relationship management (CRM), office suites, etc. The enterprise software market is the fastest-growing sector in the IT industry, in comparison to other segments such as IT services and data center systems.

In 2021, the IT spending on enterprise software amounted to 605 billion U.S. Oracle and SAP ranked in distant second and third places, earning 41.8 and 33.2 billion U.S. In the most recent year, Microsoft’s sales revenue reached 184.9 billion U.S. Microsoft was the largest software and programming company worldwide by net sales from 2017 to 2022.

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