Enterprise software spending in North America will hit $110.8 billion this year, Gartner estimated, on its way to reaching $143.6 billion in 2014. That represents a significant increase from 2009, when enterprise software sales totaled $102.1 billion. However, the firm also predicted that growth would slow through the end of this year.
Gartner's research note predicts that Western Europe will experience a slow-motion rebound in enterprise-software spending, while Asia/Pacific enjoys "the fastest growth in software revenue of all the regions in 2010." Overall, the firm predicts 2011 revenues for the enterprise-software market at $246.6 billion, climbing to $297 billion by 2014.
For more, read the eWeek article Enterprise Software Spending Will Increase Globally by 2014.