[tryitnow]

There's an excess of funding for software development. Companies have to find ways to deploy the massive engineering/product budgets that they built up in the initial development stages.

Very few companies want to lay off engineers and product managers (understandably so - talent is hard enough to recruit and retain). So these departments just keep producing more and more features and updates.

Truth be told, the software industry is a lot more like the old-school corporate bureaucracies of the past than anyone cares to admit.