The document discusses the global software industry and its history. It notes that the software industry emerged from the computer industry and was estimated to be worth $250 billion in 2007. The industry contributed over 14% to global economic growth from 2002-2007. The software industry started with professional services in 1949-1959 and expanded to include products, enterprise-oriented software, public market software, and internet software from 1959-2010. The industry also globalized, with outsourcing helping multinational software companies develop.