According to Gartner, the enterprise application software market in Asia Pacific (excluding Japan) grew by 6.5 per cent in 2013 to reach $12.6 billion.
The research firm underlines that the software industry is in the middle of a multiyear cyclical transition as organisations are focusing investment on technologies to support existing systems, in order to maintain competitiveness, while still taking advantage of cloud/subscription-based pricing to grow business.
Further, Gartner claims that the countries within Asia-Pacific region showed mixed performance. Australia emerged as the fastest growing market among the mature Asia Pacific countries. The enterprise application software market in the country was driven by growth in customer relationship management investments, business intelligence and analytics, higher spending on software-as-a-service and cloud-based deployments. At the end of 2013, application software revenue in Australia stood at $3.4 billion.
Meanwhile, China continued to witness moderate growth due to low domestic and export market demand. In China, application software revenue reached $3.1 billion at the end of 2013.
Gartner concludes that in 2013, the top five vendors which dominated enterprise application software market included Microsoft, SAP, Oracle, IBM and Yonyou.
