Enterprise software set to hit $288bn globally in 2012

Worldwide enterprise software revenue will grow 9.5 percent this year, according to a report on Wednesday by Gartner.

Revenue for 2011 will exceed $267bn (£167bn), up from $244bn in 2010, the report said. The market is expected to see continual growth through the next five years, hitting $288bn in 2012. Latin America and the Asia-Pacific region, excluding Japan, are projected to clock the fastest growth rates by the end of 2011.

Worldwide, enterprise infrastructure software is on pace to reach $153.3bn this year, registering a nine-percent increase from 2010's revenue of $140.6bn. Within this category, operating systems see the largest spending with a projected revenue of $32.6bn in 2011, followed by database management systems revenue at $25.5bn.

For more on this ZDNet UK-selected story, see Enterprise software revenue to hit $267B this year on ZDNet Asia.