Is software piracy really a threatfor IT industry?

Answer: yes, software piracy is a threat for the IT industry.

Explanation: Software piracy is the illegal act of copying, stealing and using of the software and leads to the legal consequences too. This creates severe damage for the software and IT industry because they face a huge loss period and thus they do not gain the expected profit. Piracy of software is also harmful towards the user as well because their stored data is not safe and risky. Therefore, software piracy is a threat for the IT industry.