Recovery seeps through infra management software market: IDC
By Enterprise Innovation Editors | 2010-06-10
Things really are looking up for the IT industry, as IDC reports that the infrastructure management software market returns to positive growth in the second half of 2009, potentially carrying over the growth to 2010.
The key industries such as the financial sector and the communications & media sector have showed good return to spending. This, coupled with continued government projects, has helped put the IM markets back into positive growth. It is well on track for IDC’s predicted double-digit growth in 2010 and a CAGR of 12% for the forecast period up to 2014, according to IDC’s Asia/Pacific Semiannual Software Tracker.
“The APEJ economies, particularly in the key countries, are showing good signs of recovery from the downturn. Businesses are looking at ways to enhance competitiveness and growth by leveraging technology. However, as organizations focus more on cost effectiveness than cost cutting, they now focus more on how to achieve business goals through smarter and more efficient use of technology,” says Daphne Chung, Senior Research Manager of IDC’s Asia/Pacific Infrastructure Software, Domain Research Group.
As the business cycle starts to ramp up, organizations are looking to technologies for solutions to address continued issues and challenges they face. Many organizations are looking at technologies that can provide flexibility and scalability in a cost-effective manner. As a result, software that helps provide automation, optimization, virtualization, resource pooling and sharing and, more recently, cloud computing are high on the list.