Software market to grow 5.7% in 2013: IDC

Infotech Lead India: The worldwide software market is likely to grow 5.7 percent in 2013.

In 2012, the global software market grew 3.6 percent.

The compound annual growth rate (CAGR) during 2012-2017 will be 6.3 percent.

The collaborative applications software category is likely to post the highest growth in 2013.

This category includes social software, which is growing from a lower revenue base.

IDC says the collaborative applications category is also experiencing more cloud deployments than other categories and this represents new software investments.

The structured data management software category is expected to show the strongest growth over the five-year forecast period with a 9.3 percent CAGR from 2012-2017, fueled by faster growth in the last 2-3 years of the forecast.

Emerging markets will experience stronger growth than in mature economies, IDC said.

The average 2012-2017 CAGR for Asia/Pacific (excluding Japan), Latin America, and Central Eastern, Middle East, and Africa (CEMA) is 8.8 percent while the average CAGR for the mature regions – North America, Western Europe, and Japan – is 5.0 percent.

The emerging regions have been gaining almost 0.7 percent of market share every year since 2008 and they are expected to represent almost 19 percent of global software revenues in 2017.

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