EFY Times  
Friday, October 09, 2015

Worldwide Spending On Enterprise Application Software To Increase 4.5%
Home >> Infotech >> Trends                                                                                PRESS RELEASE
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: 932)

Infotech News
Infor Named A Leading Titan In The 2015 Wisdom Of Crowds Business Intelligence Market Study
XIUS Awarded NFC Patent By USPTO
Top 6 New Features Of iOS 9
5 Hidden Features Of Instagram
LCR Research Ltd, Canada Announces VigVen Tech Mark Pvt Ltd As Distributor For India
Most popular



Android 6.0 Marshmallow: 7 new features
Panasonic Upgrades Video Management Software Suites To Deliver A Full 4K End-To-End Solution
Flipkart gears up to make its BBDay's sale hassle-free
Asus joins the “Make in India” initiative
5 Reasons That Suggest Google Is Becoming New Microsoft
9 Motorola Phones That Will Get Taste Of Android 6.0
Arup Employs Highly Innovative Engineering Methodologies For Samsung's Device Solutions America Headquarters
5 things to keep in mind while buying second-hand phones
Intex plans to open fifth manufacturing unit
Top 5 New Features In OS X El Capitan
Must know: Top 5 tech skills for you
Praxis Media Private Limited Announces Winners Of The National Dental Achievers, 2015
Gmail Vs Outlook.com, Which One Is Better?
5 Things You Probably Didn't Know About Nexus 5X & 6P
Mindteck Chooses AuthShield Multifactor Authentication For Authentication Security
Lenovo launches Phab Plus phablet, priced at Rs 18,490


Top 6 New Features Of iOS 9
iOS 9 brings new features and performance enhancements to iPhone....
5 Hidden Features Of Instagram
Here are 5 Instagram features that you may not have heard of!...
5 Things You Probably Didn't Know About Nexus 5X & 6P
Google's latest Nexus devices are manufactured by LG and Huawei....
Gmail Vs Outlook.com, Which One Is Better?
Gmail offers best features while, Outlook has most user-friendly and clean interface....
Top 5 New Features In OS X El Capitan
El Capitan is a upgrade worth having for Mac users....
9 Motorola Phones That Will Get Taste Of Android 6.0
Motorola is the first manufacturer to announce it’s plans for Marshmallow update....
5 Reasons That Suggest Google Is Becoming New Microsoft
In today's market, Google is under siege from all directions....
5 Ways Microsoft Office 2016 Can Make Your Life Easier
Microsoft Office 2016 is a comprehensive solution that is designed to make your work life easier....
5 Ways To Speed Up Your Mac
Sluggish computing experience is frustrating. Here are 5 ways to help you speed up your Macintosh computer....
5 Tips To Boost Your Home WiFi
You can get the most out of your home WiFi by using simple tricks....
5 Unique Features Of Microsoft Office 2016
Office 2016 brings tons of new features and apps to boost productivity of users....
Top 5 Heroes Of The Linux World
The world of open source is driven by key people who control it....
Top 5 Open Source Software Foundations
Open Source projects are supported and promoted by Open Source Software Foundations. ...
Top 6 Plugins And Extensions For Gmail
These Gmail extensions can boost your email productivity....
6 Hidden Design Features In Apple Products
Apple is known for paying keen attention to design aspects of Apple products. ...
  View All
Meet Pranjal Saxena, India's 21 Year Old Electronics Wizard
Milan Ondhia of EFYTimes was in a forthright conversation with the 21 year old Pranjal Saxena from New Delhi; an aspirant at the WorldSkills meet, in ...
“We Offer Managed Document Solutions To CIO And IT Decision Makers”: Canon
Manufacturing within the country will surely reduce the cost of our devices, but manufacturing can begin only if there is the desired eco-system and w...
“One Day The End User Can Open Up A Used Battery, And Use What’s Inside As Barbecue Sauce”
Of course that is not something currently possible, but what B&B Batteries does have are some secret recipes for their very specialised battery design...
We Wish To Procure All The LED Components Within India: Avni Energy
G. Gururaja, director, Avni Energy Solutions Pvt Ltd, shares his views about the expanding LED industry in the Indian market and the company's plans i...
We Have Registered 50 Per Cent Growth In The Last Two Years: Arihant Lighting
Apart from LEDs, Arihant is associated with the promotion of renewable energy in India and therefore, manufactures various energy saving products....
  View All
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
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
Electronics Annual Guide
EFY Awards
Linux & Open Source
Consumer Electronics
Science & Technology
EFY Techcenter

Educational Kits
© Copyright 2015 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