Microsoft, Oracle Lead Worldwide Software Market
Heavyweights Microsoft and Oracle dominated the worldwide market while Salesforce achieved the highest growth in the industry.Worldwide software revenue totaled $407.3 billion in 2013, a 4.8 percent increase from 2012 revenue of $388.5 billion, according to a report from IT research firm Gartner. Microsoft held a dominant market lead with 65.7 percent share, followed by Oracle with nearly 30 percent. IBM, SAP and Symantec rounded out the top five vendors. Salesforce.com, with more than $3.8 billion in revenue during 2013, climbed two positions to capture the tenth slot of the worldwide enterprise software market and achieved the highest growth among the top 10 vendors at 33.3 percent, according to the report. "There is a shift in vendor rankings from 2013 at the top of the worldwide software market," Chad Eschinger, research vice president at Gartner, said in a statement. "This is the first time in Gartner's global software market share research that Oracle has ranked second in terms of total software revenue with $29.6 billion and capturing 7.3 percent of the global market. Global trends around big data and analytics with business investment in database and cloud-based applications helped to drive Oracle's top-line growth."
The report noted the software industry is in the middle of a multiyear cyclical transition as organizations focus investment on technologies to support existing system structure, in order to maintain competitiveness, while still taking advantage of cloud and subscription-based pricing where it makes sense to grow and advance the business.