Before getting into the evanescent nature of the software industry, it is important to first shed some light upon its history and origin.
The word ‘software’ was first coined by chance in 1953. It was then published for the first time in 1960’s, when computers were manufactured only by a few commercial and private computer vendors like UNIVAC and IBM. The ‘Computer Usage Company’ was the first to construct software and provide related services. The software industry began to expand when the use of computers became more common in business, universities, hospitals and at government offices. These expanded the demand for the softwares as per their specific requirements.
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