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Singapore : Software piracy costs record US$63.4 billion in 2011
Publish Date : 16-May-2012
Software piracy cost the industry a record US$63.4 billion globally in 2011 with emerging economies listed as the main culprits, an annual study said Tuesday.
This was up nearly eight per cent from the previous record of US$58.8 billion in 2010, the Business Software Alliance (BSA) said in the study.
In the Asia Pacific, which comprises several emerging economies including China, bootleg software usage also cost the industry an all-time high of US$21 billion last year, up 12 per cent from 2010, BSA said.
Emerging markets had an average piracy rate of 68 per cent, far exceeding the 42 per cent global average and 24 per cent in mature economies, according to the study which is based on a survey of about 15,000 computer users in 33 markets.
