Big data and analytics, collaborative applications and system software drove enterprise software growth in 2013, according to new research from International Data Corp.
IDC’s “Worldwide Semiannual Software Tracker” shows that the software market grew 5.5 percent year over year in 2013, reaching a total market size of $369 billion. This was higher than the 4.3 percent growth seen in 2012. IDC says it expects to see this “moderately positive” scenario to continue for several more years.
"Data provides the edge to companies that can leverage their information for competitive advantage — with new products and services, and an enriched customer experience,” Henry Morris, senior vice president for Worldwide Software, Services and Executive Advisory Research at IDC, said in a statement. “Software for data management, data access and collaborative information sharing continues to lead the growth in the overall software industry."
Three primary segments of the total software market applications, application development and deployment, and systems infrastructure - grew between 5.4 percent and 5.6 percent. Among these three, the AD&D segment, which comprised nearly 23 percent of total software revenues in 2013, was the fastest growing market with a 5.6 percent year-over-year growth rate.
Growth in the AD&D segment was largely driven by the performance of the structured data management and the data access, analysis, and delivery secondary markets, with 7.3 percent and 6.0 percent growth rates, respectively. Advanced analytics software and database management systems solutions are pushing the growing trend for these markets because of widening big data and analytics adoption, IDC says.