Business software industry leaders are hopeful that a $3 billion acquisition by Apple could lead to new jobs in the software supply chain.
The acquisition would be the biggest software acquisition in the industry’s history, according to software and hardware company EMC, which has been buying up software companies.
The software supply industry has been growing rapidly for years, but this acquisition could lead the industry to new heights, said David Riegel, the president of the software and engineering consulting firm Riegel Associates.
The company estimates that software supply jobs are expected to increase by 20% over the next three years.
Software industry leaders, including Cisco Systems Inc. CEO Mark Swartzwelder, said the company is excited about Apple’s ability to create jobs and that the company has an opportunity to create more software jobs for people at all skill levels.
The company’s acquisition of Apple will help bring more jobs to America, said Riegel.
Apple has invested heavily in its manufacturing, including in the technology that makes iPhones and iPads.
Apple’s manufacturing workforce is estimated to be more than 3 million workers, up from just over 1 million workers in 2015.
Apple is the largest software manufacturer in the world, according the company’s annual report.
Apple had about $20 billion in cash and investments on hand as of May 31.
The deal is the latest development in an industry that has been suffering from automation and low pay.
Apple announced this week it would be selling off its remaining manufacturing operations to save money and create jobs.
The announcement came as Amazon, Google, Facebook and Microsoft all announced moves to reduce their workforce levels.
Apple also said it is expanding its distribution network, allowing employees to have more access to its products.
In addition, Apple is expanding the use of iPads and iPhones in retail stores and online.
The new deals are a boost for the company, said Greg Cook, a senior vice president at EMC.