Gartner Predicts 2010 Enterprise Software Revenue
Dennis Byron submits: Gartner is out with a press release September 20, 2010 predicting $232 billion in enterprise software revenue for 2010. Having been in the software-market forecasting business a long time, I admit nothing beats doing predictions two-thirds of the way through the year. But in fairness to Gartner, the predicted $232 billion was included in a January 2010 press release as well. Gartner has lowered its growth rate prediction from almost 5% to 4.5% for 2010 but apparently only because somewhere along the line it raised its measurement of 2009. Still there's a couple of interesting tidbits in the press release for investors. There is also the rarely mentioned elephant in the room, 90%-plus of this revenue has been locked in for a long time because it's subscription maintenance revenue for enterprise software bought years ago. Or it's upgrade/add-on revenue for that same long-installed application and infrastructure functionality.Complete Story » seekingalpha.com |
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