Software Magazine Names IBA to 2018 Software 500
IBA Group announces its inclusion in Software Magazine’s Software 500 ranking of the world’s largest software and service providers, now in its 36th year.
IBA Group was ranked #315, with a total software and services revenue of US$107.86 million with a 7.2 percent growth from the previous year.
IBA Group has been selected for Software 500 since 2008 when the company applied for inclusion for the first time. The ranking is based on total worldwide software and services revenue. The data for this year’s Software 500 looks at the 2017 fiscal year, comparing it to 2016 revenue data from both public and private software and services companies.
In the 2018 report, total software and services revenue came to $867.8 billion compared to $813.6 billion in the 2017 report. This shows a compound annual growth rate (CAGR) of 2.8 percent.
According to Software Magazine, the top two Software 500 companies remained the same compared to last year, with IBM at number one and Microsoft number two. The number three slot went to Accenture, number four to Oracle, number five to SAP, and number six to Apple.
The most popular category in the 2018 Software 500 is Security Tools/Systems, which is comprised of 45 companies. The second ranking category is IT Consulting/Staffing, which is made up of 30 companies. Healthcare and E-Business Applications, Services, and Tools tie for the third most popular category with 23 participating companies in each category.
The companies represented in today’s Software 500 fuel the changes towards the next industrial revolution. From cloud adoption to machine learning, the IoT, and blockchain technology, there are a lot of trends to watch within the software industry.