ABSTRACT
The worldwide software market is booming. Growth is occurring at a swift pace from $10.3 billion in 1981 to $18.5 billion in 1983; by 1987, the market is projected at $55 billion. 1 This growth is not surprising, given the strategic importance of the software industry to so many other technology-intensive industries, such as the computer and telecommunications industries. With the growth in computer-aided design and computer-aided manufacturing (CAD/CAM), the strategic importance of the software industry to other industrial sectors of the economy will multiply. Indeed, the importance of the software industry to the future of U.S. industry and technological innovation is difficult to overstate.
