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Software in the Netherlands


The recovery of the Dutch economy continues. In the first quarter of 2016, the economy grew by 0.5% compared to the previous quarter. The growth forecast for 2016 is 1.8% annually.

These positive figures also translate into the growth of the ICT sector. With a growth of 5.4% the ICT sector performs above average (CBS, 2016). For the Netherlands, the ICT industry is a very important sector with a turnover of more than EUR 35 billion (ICT Market Monitor 2015) realized by 70,000 companies that provide employment to 356,000 people (CBS, 2016).

Within the Dutch ICT industry, the software industry shows the most impressive acceleration: from 5.3% growth in 2014 to 8.3% growth in 2015. The increasing shift to the cloud has a strong positive effect on spending in general and in particular on software and storage. The sector is characterized by the presence of a few large players, however the bulk of the market consists of innovative SMEs who follow global trends with their solutions such as increasing efficiency and productivity in business, climate change, aging and digitization.

Globally, the software industry has been growing by an average of 11% per year for decades. In 2015, the industry for B2B software companies will grow with 5.3% (Gartner, 2016). For software offered in the cloud as a service (SaaS) an average growth of even 20% is expected (Gartner, 2016).

Results from the Main Software 50 show that Dutch software companies grow strongly. The average growth of participating companies is 13%. Half of the companies that had registered for the Main Software 50 are even growing with over 20% annually (ICT Netherlands, 2015).

It appears that the software industry is a key driver for innovation and growth of Dutch companies. Like in previous years, the purpose of the Main Software 50 is to give more visibility to the 50 most successful Dutch software companies in particular and to give the industry as a whole a clearer profile.

Winners 2016

 

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The Main Software 50 is an initiative of Main Capital Partners

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