In 2023, IT spending on enterprise software amounted to around 913 billion U.S. dollars worldwide, a growth of 12.4 percent from the previous year. Like nearly all sub-segments of the IT services industry, the enterprise software market has experienced high levels of growth in recent years, with market revenues more than doubling in the decade between 2010 and 2020. The COVID-19 global pandemic also did not slow down growth in the software sector as initially feared. For further information about the COVID-19 pandemic, please visit our dedicated Facts and Figures page.
Enterprise software
With year-on-year growth frequently exceeding 10 percent, the enterprise software market is the fastest growing segment in the overarching IT industry. Enterprise software aims at responding to the needs of organizations, often specifically addressing the efficiency of their core business processes. Many enterprise software sub-segments, such as business process management (BPM) software, enterprise resource planning (ERP) software, and customer relationship management (CRM) software, have grown into massive markets in their own right. CRM software focuses on analyzing and improving business interactions with both current and future customers and is expected to bring in over 55 billion dollars in sales in 2024. ERP software focuses more closely on corporate data collection and interpretation, and is forecast to account for another 107 billion dollars in overall revenue.
Information technology (IT) spending on enterprise software worldwide from 2009 to 2024
(in billion U.S. dollars)
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Gartner. (January 17, 2024). Information technology (IT) spending on enterprise software worldwide from 2009 to 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 19, 2024, from https://www.statista.com/statistics/203428/total-enterprise-software-revenue-forecast/?msclkid=896f8d1ca87e11ec84d457b3af8470b1
Gartner. "Information technology (IT) spending on enterprise software worldwide from 2009 to 2024 (in billion U.S. dollars)." Chart. January 17, 2024. Statista. Accessed October 19, 2024. https://www.statista.com/statistics/203428/total-enterprise-software-revenue-forecast/?msclkid=896f8d1ca87e11ec84d457b3af8470b1
Gartner. (2024). Information technology (IT) spending on enterprise software worldwide from 2009 to 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 19, 2024. https://www.statista.com/statistics/203428/total-enterprise-software-revenue-forecast/?msclkid=896f8d1ca87e11ec84d457b3af8470b1
Gartner. "Information Technology (It) Spending on Enterprise Software Worldwide from 2009 to 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 17 Jan 2024, https://www.statista.com/statistics/203428/total-enterprise-software-revenue-forecast/?msclkid=896f8d1ca87e11ec84d457b3af8470b1
Gartner, Information technology (IT) spending on enterprise software worldwide from 2009 to 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/203428/total-enterprise-software-revenue-forecast/?msclkid=896f8d1ca87e11ec84d457b3af8470b1 (last visited October 19, 2024)
Information technology (IT) spending on enterprise software worldwide from 2009 to 2024 (in billion U.S. dollars) [Graph], Gartner, January 17, 2024. [Online]. Available: https://www.statista.com/statistics/203428/total-enterprise-software-revenue-forecast/?msclkid=896f8d1ca87e11ec84d457b3af8470b1