This year will mark the 10-year anniversary of Marc Andreessen’s “Software Is Eating the World” article, a 2011 Wall Street Journal op-ed that launched a million PowerPoint presentations.
Yes, a way to measure the success of any particular brain-worm/meme is to gauge how tired you are of hearing a buzzword or phrase or seeing it in decks, and by this measure Andreessen’s catchphrase is a blockbuster — the Mandalorian of thought leadership.
In all seriousness, 10 years after the famous headline, what’s evident in CB Insights data and research that the world’s appetite for software is insatiable. In fact, it’s more helpful today to think about software as what’s on the menu. Put another way, it’s no longer so much seen as a threat but as a condition for success.
In 2021, the world is eating software, and it’s hungry. Global software spending is a $3.8T+ market.
Just take a look at our recent turn-of-year research reports marking new funding and deal activity records around tech companies:
This pace of company formation, funding frothiness, and private-market tech activity are indicators of an ongoing secular shift toward software, cloud, and digital in how the world and businesses operate. Covid-19 is just an accelerant. Bon appetit!