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Global software market up 4.8% last year: Gartner

April 2, 2014 11:02 am

Global market research firm, Gartner has said worldwide software revenues rose 4.8% to $407.3bn in 2013, compared with 2012 revenues of $388.5bn. The software industry is in the middle of a multi-year cyclical transition, as organisations are focusing investment on technologies to support existing system structure in order to maintain competitiveness, while still taking advantage of cloud/subscription-based pricing where it makes sense to grow and advance the business, the firm said. “This is the first time in Gartner’s global software market share research that Oracle has ranked second in terms of total software revenues with $29.6bn and capturing 7.3% of the global market. Global trends around big data and analytics with business investment in database and cloud-based applications helped to drive Oracle’s top-line growth.”