What is a significant consequence of software piracy?

The significant consequence of software piracy is economic loss for developers. When software is pirated, it means that it is being used without the proper licensing or payment to the creators. This directly impacts the revenue of software developers and companies, as they do not receive compensation for their work. Developers invest substantial resources into creating and maintaining software, including time, money, and talent. When their products are pirated, they face reduced income, which can hinder their ability to continue developing new software or improving existing products. This economic loss can lead to fewer innovations and a decline in the overall quality and availability of legitimate software options in the market.