Gartner lowers its growth forecast for the enterprise application software space to 4.5% from...

|By:, SA News Editor

Gartner lowers its growth forecast for the enterprise application software space to 4.5% from 5%, citing macro worries. The biggest chunks of total sales will be claimed by ERP software (top vendors: SAP, ORCL), office suites (dominated by MSFT), BI software (top vendors: SAP, ORCL, IBM, MSTR), and CRM software (top vendors: CRM, ORCL, SAP). Cloud services (offered by CRM, MSFT, AMZN) are expected to account for 16% of industry revenue by 2016, up from 11% in 2010.