The worldwide market for enterprise software will increase over the next year, as businesses begin to refresh their hardware and software in the wake of the massive global recession. That prediction, in a Sept. 20 research note from Gartner, also suggests that enterprise-software spending in North America will lose momentum in the second half of 2010–yet another sign that the economic recovery could be a drawn-out affair.
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.