DID YOU KNOW ?
ENTERPRISE IT
DID YOU KNOW ?
In 2021 , IT spending on enterprise software is expected to amount to around 599 billion U . S . dollars worldwide , a growth of 13.2 percent from the previous year . Like nearly all subsegments of the IT services industry , the enterprise software market has experienced high levels of growth in recent years , with market revenues more than doubling in the decade between 2009 and 2019 . However , due to the negative economic impact brought about by coronavirus ( COVID-19 ), global IT spending decreased in 2020 . In 2021 , growth in global spending is anticipated to return in all sectors of the IT industry .
With year-on-year growth frequently exceeding 10 percent , the enterprise software market is the fastest growing segment in the overarching IT industry . Enterprise software aims at responding to the needs of organisations , often specifically addressing the efficiency of their core business processes . Many enterprise software sub-segments , such as business process management ( BPM ) software , enterprise resource planning ( ERP ) software , and customer relationship management ( CRM ) software , have grown into massive markets in their own right . easier to implement . RackSpace ’ s research has indicated a rise in SaaS as the preferred option when buying applications , to enhance crucial , but non-differentiating areas of business . The survey showed 62 % of people think ease of use and implementation as the main reason for buying software and 65 % thought that with today ’ s SaaS advancements , it is possible to create differentiation in a pure SaaS world .
“ It is clear right now that the trend is to reserve developers and their build time for the highest impact work , while filling in the gaps with purchased technology ,” concludes Deverter .
96 November 2021