The Hindu Business Line : Asia Pacific software revenue to grow 10.2%

BANGALORE: Asia Pacific’s enterprise software market revenue is forecast to reach $22.1 billion in 2010, posting 10.2 per cent growth, according to information technology research and advisory firm Gartner Inc.

This represents an upturn from the expected 6.6 per cent growth in 2009, which is a notable slowdown compared to 2008 growth of 13.8 per cent.

Within the region, the volatile economy is impacting the application software segment more than the infrastructure software segment.

Despite the recent slowdown in growth, Asia Pacific still has a positive outlook over the five-year forecast period from 2008 through to 2013, achieving a compound annual growth rate (CAGR) of 10.8 per cent, the highest of any region worldwide.

For the next five years, China, India and Vietnam would continue to register the highest CAGRs (14.6 per cent, 12.4 per cent and 10.7 per cent respectively).

Mature markets Australia and Singapore would also have attractive CAGRs of 9.5 per cent and 9.4 per cent, respectively.

China and India continue to benefit from a large domestic customer base and Government stimulus packages, as well as relatively low market penetration.

Australia and Singapore’s revenue is supported by a consistent maintenance revenue stream and a strong vendor channel and service infrastructure, as well as positive expectations for end-user software budget increases in 2010. — PTI

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