The global software market is
expected to grow 5.9% year over year, driven largely by Big data and analytics
and enterprise applications.
On a regional basis, the emerging
economies will continue to see stronger growth than the mature economies. The
average 2013-2018 CAGR for Asia-Pacific (excluding Japan), Latin America, and
Central Eastern, Middle East, and Africa (CEMA) is 8.5% while the average CAGR
for the mature regions – North America, Western Europe, and Japan will be
nearly 6%.
Structured data management
software, collaborative applications and data access, analysis and delivery
solutions are expected to show the strongest growth in the next 5 years,
growing at a CAGR near 9% from 2013-2018.
Leveraging the social dimension
of the Internet keeps fueling the collaboration growth, much of which is in
the form of software as a service. This is complementary to the increased
attention to Big Data and analytics solutions, which help enterprises
understand and act on anticipated customer behavior and new insights into
product reliability and maintenance.
In the enterprise applications
category, customer relationship management, enterprise resource management,
supply chain management, and operations and manufacturing applications will
continue to show CAGR rates around 6%.
Enterprises are starting to adopt
applications that either didn't exist or weren’t needed in the past, such as
commerce applications in all industries, not just retail, but also
manufacturing, hospitality, food and beverage, and even the public sector.
Source: IDC, InformationWeek
