EFY Times  
Friday, November 28, 2014

 
GO
 
 

Worldwide Spending On Enterprise Application Software To Increase 4.5%
 
Home >> Infotech >> Trends
 
Worldwide Spending On Enterprise Application Software To Increase 4.5%  
 
   
Rate this news:  (0 Votes)
Thursday, June 21, 2012 Worldwide spending on enterprise application software will total $120.4 billion in 2012, a 4.5 percent increase from 2011 spending of $115.2 billion, according to Gartner, Inc. With only limited signs of improvement in the near term, the growth projection for 2012 has been adjusted downward from 5 percent in the previous forecast in 1Q12.






"The global marketplace is still experiencing a series of conflicting and contrasting economic news reports, and the full impact of the economic uncertainty on the enterprise software markets may not be readily assessable until the end of the first half of 2012," said Tom Eid, research vice president at Gartner. "Spending in 2012 is anticipated to focus on industry-specific applications; upgrades to established, mission-critical software; integrating and securing established systems and infrastructure; and software as a service (SaaS) deployments representing extensions to, or replacement of, existing applications and new solutions."

The key enterprise application software market segments in 2012 include business intelligence (BI); content, communications and collaboration; customer relationship management (CRM); digital content creation (DCC); enterprise resource planning (ERP); office suites and personal productivity; project and portfolio management (PPM); and supply chain management (SCM).

ERP is the largest enterprise application software market with revenue projected to reach $24.9 billion in 2012, followed by office suites at $16.5 billion. BI revenue is forecast to reach $13.0 billion, and CRM is on pace to exceed $13.0 billion this year.

Gartner analysts said that cost optimization and shifts in spending from "megasuites" to the automation of processes, will continue to benefit alternative software acquisition models as organizations look for ways to shift spending from capital expenditure to operating expenditure. Because of this, vendors offering SaaS, IT asset management and virtualization capabilities will continue to benefit from organizations looking to shift upfront capital expenses to operational expenses.

An increasing number of organizations are demanding software functionality as a service (infrastructure as a service [IaaS], platform as a service [PaaS] and SaaS) or via cloud-based services rather than on-premises. As a result, vendors are offering more technology as subscription-based solutions and "pay as you go" offerings, positioning them as more cost-effective and as a way to counter the effects of economic belt tightening. SaaS and cloud-based services help vendors to expand revenue growth by making it easier for end users to test and evaluate new types of software, provision new users to current technologies, and migrate users off older versions to newer versions of software.

"After more than a decade of SaaS and cloud service use, adoption continues to grow and evolve within the enterprise application markets. This is occurring as tighter capital budgets demand leaner alternatives, popularity and familiarity with the model increase, and interest in SaaS and cloud computing grows," said Mr. Eid. "Adoption varies between and within markets. Although use is expanding to a wider range of applications and solutions, the most widespread use is still characterized by horizontal applications with common processes, among distributed virtual workforce teams and within Web 2.0 initiatives."

Mr. Eid said that the increase reflects overall market demand, with more buyers evaluating their options during the current technology refresh cycle, and returning buyer confidence for enterprise software as the market slowly recovers and organizations resume investing in technology. SaaS and cloud-based services are forecast to grow in usage, expanding from 11 percent of enterprise application spending in 2010 to 16 percent in 2015.



Print Email Post Comment 
(Total Views: 763)
 
Share

 
 
Infotech News
   
RICOH Launches Two New Production Printers
6 Best Ways To Build Trust In Your Website Among Visitors And Clients
DataWind Launches The Most Comprehensive CBSE Mapped Learning Content On UbiSlates
Microsoft Azure HCS Provides Cloud Snapshots For Backup
India Launches E-Visa Facility For 43 Nations, Boosts Tourism Sector
 
 
 
     
     
     
     
     
     
Most popular
 

Daily

Dell PowerEdge FX: Next-Generation Converged Architecture Bridges Gap From Traditional To New IT
Microsoft Lumia 535 Available At Irresistible Price On Infibeam
8K Miles Acquires SERJ Solutions To Enhance Healthcare Cloud Offering
Leading International Experts In Automotive Engineering, Standards Development To Convene At IEEE International Electric Vehicle Conference
Dassault Systemes’ 3DEXPERIENCE Platform Enables PSA Peugeot Citroën To Reinforce Its Zero-Defect Strategy In Manufacturing
Procurement Leaders Talk Supplier Innovation, Big Data, Info Integration And Talent At Horizon 2014
Mobile Users Beware! You Are The Hottest Targets Of Hackers In 2015
India's Largest Premium Audience Network Fork Media Launches In The UAE
India Launches E-Visa Facility For 43 Nations, Boosts Tourism Sector
Hitachi Organized “Social Innovations For Future-Solutions For India” To Address Rapid Urbanization Issues
 
   

Weekly

Teradata And MapR Partnership Expands Hadoop Choices Within Teradata’s Unified Data Architecture
Six Fastest Supercomputers In The World!
Google's Material Design Ideas A Part Of Linux Distros Now!
Top 7 Technologies To Watch Out For In 2015!
8 Most Useful Ajax And PHP Based Webmail Clients
Oracle Advances Data Integration Portfolio With Major Enhancements To Oracle GoldenGate 12c
Looking For A Career @ Amazon? Know The Qualities You Require!
Meet A Smartphone Look-Alike Handgun – Taurus Curve
Celkon Millennia Epic Q550 With Android 4.4 KitKat Launched
Chinese Cyber Attacks Can Shut Down US Infrastructure, NSA Warns
Intex Aqua V4 Android Smartphone Launched @ Rs 2,699
Top 5 Hot Tech Deals This Week For You! Grab The Offers Now
Western India's Only Electronics Expo Begins Today In Mumbai
Motorola Keylink Launched To Find Out Your Lost Smartphone And Keys
Now You Can Control Your Online Identity Yourself Very Soon, Courtesy Indie Hosters!
10 Useful Security Firewall Software For Linux
 
   

Overall

Features
6 Best Ways To Build Trust In Your Website Among Visitors And Clients
If you implement certain visual aids, they can convert your website into a trustworthy one....
8 Most Useful Ubuntu Utilities To Make Your Experience Better
Here are eight best utilities or apps to make your Ubuntu experience much and much better....
Learn How To Pentest WPA/WPA2 Networks With Kali Linux
Accessing anyone's Wi-Fi connection without due permission is illegal hacking but it can be used for penetration testing and secure hacking to know th...
Here Is All You Need To Know Before Choosing Between Debian And Ubuntu!
Here we will discuss the basic differences between Debian and Ubuntu, to help you understand which is best suited for your needs....
5 Tips For Developers To Protect Their Mobile Apps From Hacking
Here we have five tips for app developers to let them know how they can protect their apps....
8 Most Interesting PHP Projects For Developers
Experimentation with programming becomes fun if done with PHP. Here are eight most interesting projects which can be implemented with PHP....
10 Best Alternative Browsers For Ubuntu Linux
Here we have compiled a list of ten best alternative browsers for Ubuntu which might impress you....
10 Useful Security Firewall Software For Linux
Here we are giving you a list of ten most popular firewalls which might prove useful for your requirements....
10 Best Video Editing Software For Linux
Here we'll discuss ten most potential video editors available for Linux....
7 Best Graphical Web-Based Network Monitoring Tools For Linux
Graphical and web-based network monitoring tools are necessary for monitoring CPU load, network traffic stats, memory consumption etc....
10 Best Sites To Find Remote Jobs For Web Developers And Programmers
There are some great sites which help you find remote coding jobs. Check them out here....
7 Major Linux Security Distributions – Know Which One Suits You The Most!
Here we will discuss the strengths and weaknesses of all the seven major Linux security distributions....
10 Coolest Facts About Android 5.0 Lollipop!
To make out the most from the new Android, we're bringing you ten coolest tips and tricks for the Android Lollipop....
5 Best Online Backup Tools For Ubuntu Linux
Online cloud backups are always good for an overall backup plan, but it's equally important to keep data secure, encrypted and backed up automatically...
6 Best Development Methods To Create Scalable CSS
Here are the best six CSS development methodologies and style guides which can help you....
 
  View All
Dialogue
 
10 Questions That Google Never Asks While Hiring!
Here is a list of 10 questions that Google just banned from their interviews....
For Enjay, Open Source Technology Is A Way Of Life
An entirely open source-based company, Enjay IT Solutions, has built itself a reputation in the OSS domain....
Switching To Tizen Doesn’t Mean We Are Abandoning Android: Samsung
The company has worked to build Tizen up from scratch and has now introduced it to developers and the general public with its latest range of wearable...
Venturing Into The Cloud? Develop A Customised Cloud Strategy First!
Diksha P Gupta speaks to Rushikesh Jadhav, cloud evangelist, ESDS Software Solution Pvt Ltd, on how the cloud has changed the way compan...
HTC Is Strong And There Are No Plans Of Sale Now Or In Future, Says HTC's Senior Director-Marketing
Atithya Amaresh from EFYTimes had an exclusive chat with Sirpa H. Ikola, senior director, Marketing, South Asia, HTC about its devices and its plans w...
   
  View All
Videos
 
First Look: LG Optimus G
The phone sports a high-end display and comes powered by a powerful processor. ...
Create QR-Codes For Free
TEC-IT releases the freeware QR-Code Studio to provide a quick and convenient way of QR code creation for every application scenario....
DoT Secretary Shares Plans For Growth Of Telecom Sector
M.F. Farooqui has recently taken charge as secretary, Department of Telecom....
Hands-On: Sony Xperia Z
Xperia Z is Sony's first entrant model in the big-screen smartphone category. ...
Hands On: Videocon A30 Smartphone
Videocon, the consumer electronics company which is known for its refrigerators, washing machine and air-conditioner has unveiled its Android-based sm...
   
View All
   
 
IFA 2014
 
IFA 2014: LG Launches 34-Inches Curved Monitor
The company is yet to confirm price and availability of the device....
IFA 2014: Intel Launches First Core M Range Of Processors
This range of processors is tailor-made for 2-in-1 devices which include a tablet and a laptop....
MWC 2014: Tablet Lets People Feel Textures On Its Screen
Now feel what you see on your tablet, by way of ultrasonic waves....
MWC 2014: 4K Android Tablet Games To Kill Consoles, iPad
Tablet makers like Samsung want to beat the iPad by making 4K tabs. ...
MWC 2014: This Vodafone Backpack Helps Get Network In Disaster Situations
Two engineers of Vodafone New Zealand displayed the "mini" mobile network by Vodafone substructure in a backpack. ...
MWC 2014: Wilocity Chipset To Bring 'Lightening' Speed To Mobile Phones
Wilocity has developed a WiGig chipset for mobile phones that will bring lightning-fast wireless capability ...
MWC 2014: Samsung Introduces Octacore, Hexacore Chipsets
The Korean giant, Samsung unveiled two new octacore and hexacore chipsets at MWC 2014, in Barcelona. The company previously used Exynos 5 Octa 5410 ch...
   
View All
   
 
Events
 
19th Consumer Electronic Imaging Fair To Be Held On ...

View All
   
   
 
 

home archives contact us advertise with us
           
Magazines Portals Directories Events News Verticals Educational Institute  
Electronics for You
Open Source for You
Electronics Bazaar
electronicsforu.com
efytimes.com
opensourceforu.com
electronicsb2b.com
Electronics Annual Guide
EFY EXPO INDIA
EFY EXPO WEST
ELECTRONICS ROCKS
EFY Awards
OSIDAYS Expo
Electronics
Infotech
Linux & Open Source
Consumer Electronics
Science & Technology
BPO
EFY Techcenter

Educational Kits
Kitsnspares.com  
 
 
© Copyright 2014 EFY Enterprises Pvt. Ltd.
All rights reserved. Reproduction in whole or in part in any form or medium without written permission is prohibited.
Usage of the content from the web site is subject to Terms and Conditions