Global Software Revenues To Surpass $232 Billion
Stamford, CT, United States (AHN) – Worldwide enterprise software revenue is on pace to surpass $232 billion in 2010, a 4.5 percent increase from $222.4 billion in 2009, according to the latest forecast from Gartner, Inc.
“After declining 2.6 percent in 2009, the software market is recovering well with signs of continuing growth on horizon,” Joanne Correia, Gartner managing vice president, said in a statement.
“Aging systems as well as greater demand for security and aligning software with business requirements are key decision factors for end-users increasing their spending within infrastructure software market,” she added.
Emerging regions such as Asia-Pacific and Latin America are expected to invest heavily in enterprise software initiatives in the next few years as they continue to round out IT infrastructures necessary to do business, Gartner said.
Software spending in North America is forecast to reach $110.8 billion in 2010, an 8.5 percent increase from $102.1 billion in 2009.
“These earnings were driven primarily by pent-up software demand and having been mostly satisfied, somewhat slower growth is expected for latter half of 2010,” said Colleen Graham, Gartner’s research director.
Spending in the Europe, Middle East and Africa region is expected to decline this year to $64.5 billion, a 3.4 percent decline from 2009.
The Asia-Pacific region, excluding Japan, is expected to gain the fastest growth in revenue, estimated to reach $22 billion in 2010, up 13 percent.
Australia and South Korea are the region’s most mature markets with majority coming from maintenance revenue streams making them the second- and third-largest in Asia-Pacific.
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