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Pirated Software Value is On the Rise

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The Business Software Alliance (BSA) stated in their annual report that the revenue from software piracy in 2010 has reached record highs. The alliance stated that piracy worldwide is now costing the industry $59 billion. They also said that it seems as though the piracy is primarily occurring in emerging markets where PC growth is taking place. In terms of piracy rates according to region, the central/eastern regions of Europe and South and Central America ranked the highest. The regions all tied at 64 percent. The BSA said that the commercial value of software piracy has grown 14 percent in a mere year. The BSA represents the entire software industry. BSA president and chief executive Robert Holleyman said in a statement, “The software industry is being robbed blind. Nearly $59 billion worth of products were stolen last year — and the rates of theft are completely out of control in the world's fastest-growing markets. The irony is people everywhere value intellectual property ri