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Gartner Says Worldwide Enterprise Software Market Grew 8.5 Percent in 2010 to Reach $245 Billion

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The worldwide enterprise software market showed broad growth and recovery in 2010 with total software revenue increasing 8.5 percent annually to a worldwide market size of $245 billion, according to Gartner, Inc. In 2009, worldwide revenue declined 2.5 percent to $226 billion.

“In 2010, major software vendors expanded their product portfolios, acquired companies where appropriate to their plans, and reached deeper into emerging markets,” said Joanne Correia, managing vice president at Gartner. “The year represented a return to solid footing as the market recovered and expanded in terms of revenue and geographies. However, some regions did not recover as rapidly as others. Japan and Western Europe saw relatively modest dollar-denominated growth, while Latin America and Asia/Pacific saw growth in the mid-to-high teens, nearly double the market average.” Read more