Enterprise Software Market Growth Accelerates in Third Quarter 2013
Keywords: Enterprise Software, Quarterly Supplier Revenues, Asia-Pacific, Europe, Middle East & Africa, Latin America, North America.
The year-over-year growth of the worldwide enterprise software market accelerated in the third quarter of 2013. Growth in the EMEA region, cloud subscriptions, and acquisition activity were the major contributors to overall growth, while macroeconomic challenges continued to inhibit growth.
Ongoing transitions from perpetual licensing to a cloud subscription model negatively impacted revenue comparisons at a number of companies. The value of the euro increased by approximately 6 percent year over year, resulting in a positive translation effect. At the same time, the Indian rupee and the Japanese yen depreciated substantially over the year, impeding revenues from these regions.
The suppliers included in this report recorded combined quarterly revenue of $20.2 billion, representing a 4.7 percent year-over-year growth rate. The individual year-over-year change in supplier revenues ranged from a reduction of 14.7 percent to an increase of 18.7 percent. Combined software and product revenues grew at about 3 percent, suggesting that implementation and maintenance revenues will remain stable over the near future.
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