The Asia-Pacific (excluding Japan) region will be one of the strongest growth opportunities for enterprise software vendors, according to Gartner.
In its report, Forecast Analysis: Enterprise Software, Asia-Pacific, 2009-2014, 3Q10 Update, the analyst firm revised the expected revenue for the region upwards, to $22 billion for 2010.
Furthermore, Gartner anticipates a compound annual growth rate (CAGR) of 11.5 per cent verses a worldwide CAGR of a relatively modest 6 per cent.
Virtualisation, security, data integration and IT operations management are all marked out as the biggest growth opportunities, while the software embedded within Web conferencing, enterprise content management, email and calendaring and CRM are expected to be the main application software.
China and India are expected to continue to lead growth into 2011. The other two largest software markets in the Asia-Pacific region are South Korea and Australia.
Australia can expect to reach a CAGR of 9.8 per cent over the next five years, and will be supported by strong consumer confidence and business investment mood, although a softening in demand for commodities could soften this outlook.