China Will Be World’s Fastest Growing Enterprise Software Market Through 2013

According to the latest research, the market for enterprise software will grow faster in China than anywhere else–14.6 percent per year from 2008 to 2013. And despite the economic conditions, China’s enterprise software market will grow 14.8 percent this year. In fact, the Chinese software market will surpass the American market for the first time in 2010.

“Software vendors have strong growth potential in China, but also face the challenges of operating in a commercial environment that is still developing,” said Hai Hong Swinehart, research analyst at Gartner. “Chinese enterprises have historically preferred to develop applications using their own labour because it costs less. However, this tendency has resulted in legacy and quickly obsolete software as well as inhibiting Chinese enterprises’ sustainability and business IT continuity. Growth will mainly be driven by replacing immature infrastructure with standardised systems and the large vendors stand to benefit.”

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