The statement that "a new computer class forms roughly each decade establishing a new industry" is recognized as law.

The statement that "a new computer class forms roughly each decade establishing a new industry" is recognized as Bell's Law.

Explanation:

Bell's law of the computer classes was formulated by Gordon Bell. It was done in the year 1972. This law at present has a great importance in the world of computer.

The law describes how the types of computing systems which are also known as the computer classes are formed, evolved, and may eventually die out also. New classes of the computers create new applications which result in new markets and new industries.