In a new forecast*, the independent technology analyst predicts that recovery from the global economic downturn will begin in earnest this year for the sector, which did not grow at all in 2010.
The promising outlook means the business software sector will grow at a compound annual growth rate (CAGR) of 7.7% during the next four years, reaching revenues of $358 billion in 2015. The strong growth is driven by exploding volumes of data, increased enterprise mobility, the transition to cloud computing models, and the emerging markets.
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Global software market will grow by 8.2% in 2011 to hit $267 billion
