"The world’s appetite for software has been insatiable so far."

Yeah, I don't that does not necessarily mean everyone is looking for the latest and greatest. Many businesses are still reliant on technologies like custom spreadsheets and Microsoft Access because they do exactly what they want them to do, have a fixed rate, and rarely require any additional modifications/maintenance. Once you step outside of the bubble so many of us are stuck in you'll realize that many, many people aren't interested in upgrades, but rather they just want the old shit they know to just work.