Worldwide spending on enterprise application software will grow 7.5 per cent to reach $149.9 billion in 2015, increasing to more than $201 billion in 2019, according to the latest forecast from Gartner, Inc. Analysts said that long-term growth in spending will be driven primarily by modernisation, functional expansion and digital transformation projects.
"The majority of spending is going towards modernising, functionally expanding or substituting long-standing business and office applications with cloud-based software-as-a-service," said Bianca Granetto, research director at Gartner. "Projects have been approved and budgeted for, often over a multiyear period, meaning the pace of spending and adoption isn't subject ih gag dmkdasgaq idozuiq."
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