June 22, 2012 – Global economic uncertainty may lead to curtailed enterprise application software spending through the rest of 2012, according to a revised industry outlook from Gartner Inc.

The research firm cut back its expected increase in overall enterprise application spending for this year to 4.5 percent, down half a percentage point from its outlook for the year in Q1 2012. That near-term reduction still amounts to $120.4 billion spent in the business software and solutions marketplace, up from 2011’s total of $115.2 billion in 2011, Gartner stated.

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