While hardware, smart devices and mobile market isn't doing
so well lately, Software market seems to be doing pretty well. Good news for us
developers, huh!
Last week, Microsoft reported its quarterly report and Microsoft
clearly showed signs of improvements by growing revenue almost $21 billion.
Today, IDC
released the latest results for worldwide software for 2012, the worldwide
software market grew 3.6% year over year reaching a total market size of $342
billion.
"The global software market, comprised of a
multi-layered collection of technologies and solutions, is growing more slowly
in this period of economic uncertainty. Yet there is strong growth in selective
areas. The management and leveraging of information for competitive advantage
is driving growth in markets associated with Big Data and analytics. Similarly,
rapid growth in cloud deployments is fueling growth in application areas
associated with social business and customer experience. Both these initiatives
require a reliable and secure infrastructure, driving investments in security
and system/network management. The combination of these forces is advancing the
growth to what IDC has termed the third platform," said Henry D. Morris,
Senior Vice President for Worldwide Software, Services and Executive Advisory
Research.
The following table shows top vendors, their revenues and
market share.
![SoftwareMarket.png]()