SAP remains world's fourth largest software company

    By: Mr. Adrian Bridgwater on Apr 01, 2014

    Analyst firm Gartner says that the worldwide software market grew 4.8 percent in 2013 and that SAP retains its position as the world's fourth largest software company.

    Microsoft Retains No. 1 Spot; Oracle Moves Into No. 2

    Worldwide software revenue totaled $407.3 billion in 2013, a 4.8 percent increase from 2012 revenue of $388.5 billion, according to Gartner, Inc. The developed geographies were the primary growth drivers offsetting the relative sluggishness in emerging markets.

    The software industry is in the middle of a multiyear cyclical transition as organizations 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.

    "There is a shift in vendor rankings from 2013 at the top of the worldwide software market," said Chad Eschinger, research vice president at Gartner. "This is the first time in Gartner's global software market share research that Oracle has ranked second in terms of total software revenue with $29.6 billion and capturing 7.3 percent 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."

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    Released: April 1, 2014, 1:32 am | Updated: May 28, 2014, 9:24 pm
    Keywords: Industry Trends News | SAP




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