This report provides a software sector update, including qualitative insights into broader software trends and public and private valuations across the transaction spectrum. The report also includes interviews with leaders transforming the sector. Key points from the report include advancements in security automation, which are becoming more accessible to organizations and driving an increased ROI due to the rise in AI and low-code/no-code integrations. Organizations with fully implemented AI and automation programs detect and control breaches faster, with automation shortening the average life cycle of a breach by as much as 74 days when compared to organizations without AI and low-code/no-code integrations. The report also notes a shift in the data strategy of big social media platforms, with Reddit recently removing unpaid access to its Data API to prevent AI companies from freely scraping and leveraging its content. This shift is expected to drive growth in the DaaS market, which is projected to reach $68 billion by 2030 (37% CAGR from 2022). As the race for private equity opportunities intensifies, the allure of machine learning is becoming increasingly difficult to ignore as funds prioritize speed and efficiency.
