Worldwide enterprise software revenue will exceed US$267 billion this year, growing 9.5 percent from last year which clocked US$244 billion, according to a report Wednesday by Gartner.

The market is expected to see continual growth through the next five years, hitting US$288 billion in 2012. The Asia-Pacific region, excluding Japan, is also projected to clock the second-fastest growth rate, after Latin America, by the end of 2011.

In fact, enterprise software spending in Asia-Pacific will hit US$26.4 billion, up from US$23.6 billion last year, Gartner noted, adding that this figure will grow pass US$40 billion by 2015.

“The market for enterprise software continues to recover well following the 2009 downturn,” Joanne Correia, managing vice president at the research firm, said in the report. “The earthquake and tsunami in Japan has created additional marketplace uncertainty with a multiplicity of effects that are beginning to be determined. GDP (Gross Domestic Product) results and other research have pointed to a second-quarter 2011 slowdown in demand with some recovery later this year.”

Worldwide, enterprise infrastructure software is on pace to reach US$153.3 billion this year, registering a 9 percent increase from 2010’s revenue of US$140.6 billion. Within this category, operating systems (OSes) see the largest spending with a projected revenue of US$32.6 billion in 2011, followed by database management systems revenue at US$25.5 billion.

Enterprise application software spending will hit US$114.4 billion, growing 10.2 percent from last year’s US$103.8 billion, Enterprise resource planning (ERP) will lead as the largest segment with revenues expected to hit US$23.3 billion, followed by office suites at US$15.7 billion.

Correira said: “With this latest research, we see short-term currency uplift for U.S. dollar-denominated growth for the period of 2011 to 2012, and downward adjustments in GDP across all regions.

“We have identified a strong correlation between GDP growth and enterprise software spending growth, where software tends to grow 4 to 6 percent above GDP in normal market conditions. However, we do have concerns about the rising cost of commodities including oil, and its impact on certain regional and country economies.”

Source:http://www.zdnetasia.com/enterprise-software-revenue-to-hit-267b-this-year-62300870.htm

What does Seapine Software have in common with Apple, Google, Microsoft, and Oracle? Besides making great software, they all are on the SD Times 100, a list of “the top leaders and innovators” in the software industry. For Seapine, it’s the seventh year in a row.
SD Times, the first and only newspaper for the software development industry, has published the SD Times Top 100 for the past eight years. Seapine was recognized in the Application Lifecycle Management category for offering a suite of solutions that encompasses the entire development lifecycle.

“Recessions, wars, natural disasters—the Knights of the Software Development Table handled those challenges, and more, during 2009,” said the SD Times editorial board’s announcement. “The 100 companies and projects listed herein have ably demonstrated their ability to set the agenda and advance the state of the art.”

Judged by the editors of SD Times, the SD Times 100 recognizes companies, non-commercial organizations and other influencers for their innovation and leadership in multiple software development industry areas. The SD Times 100 includes companies, organizations and individuals that most broadly “set the agenda” for software development managers, developers, and the software development industry during the past calendar year.

Other companies on the list with Seapine include Adobe, Apple, Google, IBM, Microsoft, Oracle, and Twitter.

“We’re enormously pleased and honored to be in the top 100 for the seventh consecutive year,” said Rick Riccetti, president and CEO, Seapine Software. “When you see some of the great companies on the list, it’s clear we’re in a good group.”

Seapine Software, Inc. is the leading provider of quality-centric application lifecycle management solutions. Seapine’s development tools help organizations of all sizes streamline communication, improve traceability, achieve compliance, and deliver quality products.

Source:http://www.fiercecio.com/press-releases/seapine-software-makes-top-100-seventh-consecutive-year