Technology Industry
Industry: Email Alert RSS FeedSoftware growth will be modest in 2004-5
Rethink IT, May, 2004
Hopes of a major software revival this year are not high, according to the latest predictions from Gartner Group.
The research company said that the weakness of the dollar against the euro artificially inflated growth reported by US software houses last year and the outlook for enterprise spending this year remains "modest".
Once currency fluctuations were taken into account, last year's 8% increase in sales among the top 25 software companies was in fact 3-4%, said analyst Joanne Correia.
"The outlook from corporations is very cautious," said Correia."Even though we have bottomed out, we're not going to see a swing to 15% growth over the next couple of years."
Most RecentTechnology Articles
- Google Becomes (Almost) Full-Fledged Telecom, Vonage, Skype, Others In Sites
- Google Android Will Increasingly Win According to Gartner [UPDATE: Palm...
- Microsoft, Sony Were Right, Consoles Are the Future. Where's Apple?
- AOL, the $200 Million Coming Disaster
- Intel to Pay AMD $1.25 Billion; the Antitrust Cost Keeps Rising
- More »
Gartner Dataquest is projecting 7.4% growth in software in 2004, although a large piece of that will be upgrades to Windows desktops and Microsoft Office.
Surveys of corporate customers indicate that spending will remain conservative at 2-5%. Corporate spending is being driven by requirements to meet industry regulations and build out companies' technology infrastructures.
Gartner estimates that software revenue will grow about 8.5% in 2005 and 7.5% in 2006
CXO UnpluggedSmart Business interviews on BNET
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Technology Articles
- INTERVIEW WITH BEN BUTTERS, DIRECTOR OF EUROPEAN AFFAIRS AT EUROCHAMBRES : "A PERFECT ROAD MAP FOR EU CLUSTERS DOES NOT EXIST".
- AGENDA.(Brief article)(Conference notes)
- FIGHT AGAINST INTERNET PIRACY.
- INTERNET : AUTHORS' SOCIETIES URGE ACTION AGAINST PIRACY.
- TELECOMMUNICATIONS : BUSINESSEUROPE HOSTILE TO FURTHER CONTRACTUAL OBLIGATIONS.(Brief article)
Most Recent Technology Publications
Most Popular Technology Articles
- 3G: naughty or nice? PhoneErotica.com generates over 300 million hits per month, and rings up more minutes of use per month than MSN
- Business process re-engineering in the small firm: A case study
- What is precision air conditioning and why is it necessary?
- Optimizing of Trichoderma viride cultivation in submerged state fermentation
- Performance analysis of shell and tube heat exchanger using miscible system




