What is the company's revenue growth rate in the software product line in the next 12 months
ollar terms, overall, mid-single digits. I call it a slow-growth industry. Within it, however, it still evolves new generation of products constantly.
That's the unusual, unique thing about semiconductors. It keeps evolving. Not disruptive, much as people like to say they are disruptive. My view is evolutionary.
But that evolutionary creates new opportunities for basically selling a better product, a more valuable product to the same customer for the similar application, which the customer can then monetize back on their own. And that's really all it is. And what we are doing here in wireless is no different. And there is something also very interesting.
Every product we sell in wireless is, in fact, a nonstandard product. It is customized. It is customized for the needs -- for the unique needs and particular requirements of that particular customer. That's what makes us so successful, and that's what makes the partnership so sustainable.
We develop technology in the form of products that we do, whether it's an RF, with FBAR, front-end module, or whether it's pure silicon with some SDK -- a lot of SDK software, where some unique performance mixed signal, analog product. All of which we do to this customer, we do it to meet their particular requirements which allow their products to be at a level that's very differentiated from their own space -- in the competitive space they are in. And that's what makes it very unique, and that's what makes this thing keep going. But we're not looking for -- in any end market we are in, in any product line we are in, for high growth.
High growth in semiconductor comes in spurts and do not last. If anybody tells you otherwise, please don't believe it because it has never happened.
Edward Snyder -- Charter Equity Research -- Analyst
Thank you.
Operator
Thank you. And we do have time for one final question from Vijay Rakesh with Mizuho. Please go ahead.
Vijay Rakesh -- Mizuho Securities -- Analyst
Yes. Hey, Hock, just a question on the networking side. Obviously, very strong growth, up 33% with the Tomahawk and DPU, I guess. What do you see the long-term growth there, meaning if you look at the next 12 to 24 months on the networking side? I had a follow-up.
Thanks.
Hock Tan -- President and Chief Executive Officer
OK. The next 12 months is pretty good. We have visibility, and we kind of indicated that in our answers. Twenty-four months, harder for me to tell you.
If you ask me what do you think over the next 10 years, I'll tell you what it is, mid- to high single digits. And because that's -- it's consistent inventory. There is no segment, don't believe anybody telling you otherwise, that will have a sustainable growth rate in this space. It's share changes maybe.
So -- but next 12 months, very good growth rate is what I indicated.
Vijay Rakesh -- Mizuho Securities -- Analyst
Thanks. And one last question. On the software side, obviously, since December 8 when you announced the big buyback. Obviously, software valuations have become much more attractive in the last -- might be down 30%, 40% there.
But do you have a target in mind as to what you think that software business should be, like 24%, 25% of revenues now? Are you looking to build it up to half of your business? Or is there a long-term target that you're putting out there? Thanks.
Hock Tan -- President and Chief Executive Officer
Hate to tell you, I don't have a strategic plan here. My plan are all a numbers plan. It's -- our strategy in acquisitions and growing this entire Broadcom platform is more about locating, identifying very, very strong assets out there and -- which are actionable, and then making a deal and buying them and integrating in our platform. They got to meet our requirements of quality of the assets, of the product -- of the business model.
To some extent, the product characteristics being very mission critical. And then after that comes the price. For us, after that is the price. Because you'll recall, the way we run those software businesses tends to be different usually from the way the party we buy from runs 
ollar terms, overall, mid-single digits. I call it a slow-growth industry. Within it, however, it still evolves new generation of products constantly.
That's the unusual, unique thing about semiconductors. It keeps evolving. Not disruptive, much as people like to say they are disruptive. My view is evolutionary.
But that evolutionary creates new opportunities for basically selling a better product, a more valuable product to the same customer for the similar application, which the customer can then monetize back on their own. And that's really all it is. And what we are doing here in wireless is no different. And there is something also very interesting.
Every product we sell in wireless is, in fact, a nonstandard product. It is customized. It is customized for the needs -- for the unique needs and particular requirements of that particular customer. That's what makes us so successful, and that's what makes the partnership so sustainable.
We develop technology in the form of products that we do, whether it's an RF, with FBAR, front-end module, or whether it's pure silicon with some SDK -- a lot of SDK software, where some unique performance mixed signal, analog product. All of which we do to this customer, we do it to meet their particular requirements which allow their products to be at a level that's very differentiated from their own space -- in the competitive space they are in. And that's what makes it very unique, and that's what makes this thing keep going. But we're not looking for -- in any end market we are in, in any product line we are in, for high growth.
High growth in semiconductor comes in spurts and do not last. If anybody tells you otherwise, please don't believe it because it has never happened.
Edward Snyder -- Charter Equity Research -- Analyst
Thank you.
Operator
Thank you. And we do have time for one final question from Vijay Rakesh with Mizuho. Please go ahead.
Vijay Rakesh -- Mizuho Securities -- Analyst
Yes. Hey, Hock, just a question on the networking side. Obviously, very strong growth, up 33% with the Tomahawk and DPU, I guess. What do you see the long-term growth there, meaning if you look at the next 12 to 24 months on the networking side? I had a follow-up.
Thanks.
Hock Tan -- President and Chief Executive Officer
 OK. The next 12 months is pretty good. We have visibility, and we kind of indicated that in our answers. Twenty-four months, harder for me to tell you.
If you ask me what do you think over the next 10 years, I'll tell you what it is, mid- to high single digits. And because that's -- it's consistent inventory. There is no segment, don't believe anybody telling you otherwise, that will have a sustainable growth rate in this space. It's share changes maybe.
So -- but next 12 months, very good growth rate is what I indicated.
Vijay Rakesh -- Mizuho Securities -- Analyst
Thanks. And one last question. On the software side, obviously, since December 8 when you announced the big buyback. Obviously, software valuations have become much more attractive in the last -- might be down 30%, 40% there.
But do you have a target in mind as to what you think that software business should be, like 24%, 25% of revenues now? Are you looking to build it up to half of your business? Or is there a long-term target that you're putting out there? Thanks.
Hock Tan -- President and Chief Executive Officer
Hate to tell you, I don't have a strategic plan here. My plan are all a numbers plan. It's -- our strategy in acquisitions and growing this entire Broadcom platform is more about locating, identifying very, very strong assets out there and -- which are actionable, and then making a deal and buying them and integrating in our platform. They got to meet our requirements of quality of the assets, of the product -- of the business model.
To some extent, the product characteristics being very mission critical. And then after that comes the price. For us, after that is the price. Because you'll recall, the way we run those software businesses tends to be different usually from the way the party we buy from runs 