Enterprise Software Sales Hit $245 billion in 2010
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2010 was turnaround year for the enterprise software market.
According to research firm Gartner, total revenue for enterprise software hit $245 billion last year for an 8.5 percent year-over-year growth rate. The 8.5 percent growth rate is in sharp contrast with the market in 2009, when the industry overall shrank 2.5 percent to only $226 billion.
Microsoft (NASDAQ: MSFT) led the list of top performers with a total of some 22.4 percent market share that yielded $57.4 billion in enterprise sales.
Coming in second, IBM (NYSE: IBM) pulled down a 10.4 percent share and brought in $25.4 billion, a statement accompanying Gartner's report said.
However, Big Blue may yet find its second place ranking at risk, as Oracle (NASDAQ: ORCL) made the sharpest gains for the year for the top five. It grew from an 8.9 percent share in 2009 to 9.8 percent in 2010 on $23.9 billion in enterprise sales.