Pirated software being used around the world has been valued at $58.8 billion, with the US leading the world in piracy. That value has more than doubled from 2003 and has registered a 14 percent from 2009.
According to a report released by the Business Software Alliance (BSA), fake software being used in countries like China, India, Russia and Brazil, accounts for more than half of the money lost to piracy.
The organisation found that the United States continued to be the hub for software piracy, accounting for $9.52 billion that was lost to software piracy. The United States, which accounted for 20 percent of the total value of pirated software, was followed by China, which accounted for $7.78 billion in loses.
The report also discovered that 80 percent of the software being uses in China was pirated. Meanwhile, the value of pirated software being used in Russia was at $2.84 billion and in India, the figure was $2.74 billion.
“Software piracy is truly out of control in the world’s fastest-growing economies,” Robert Holleyman, chief executive officer of the Business Software Alliance, said in an interview with Bloomberg.
“When you see $59 billion worth of products were stolen last year it equates to being robbed blind. Piracy is the bane of our industry’s existence.”