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Enterprise software market growing

A new report has predicted that the global enterprise software market will expand

A new report has predicted that the global enterprise software market will expand over the coming months, with the help of a number of factors.

Strong demand for business intelligence, collaboration, content management and social software are likely to boost the sector by 7.5% year-on-year to $253 billion (£156 billion) in 2011.

According to the study by analyst firm Gartner, globalisation, implementation, modernisation, socialisation and verticalisation are the five trends expected to help the growth of the sector.

Tom Eid, a research vice president at Gartner, said: "The focus in the enterprise software industry is on upgrading of build-run-manage technologies to improve agility, establishing cloud computing infrastructure services and results-reporting transparency.

"For 2011 through 2015, the highest instances of software market growth will align to the business requirements of attracting and retaining customers, enhancing business processes, improving collaboration and social networking, managing content of all types, reporting of performance and results transparency, and workforce effectiveness and flexibility."

Copyright Press Association 2011

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