Channel Marker

Jun 14 2012   1:09PM GMT

IDC predicts decelerating software revenue for 2012

Heather Clancy Heather Clancy Profile: Heather Clancy

If you enjoyed near-double-digit revenue gains for your software solutions business in 2011, take note: growth for many traditional applications will taper off this year, according to a new forecast from IDC.

During 2011, the average sales growth for software in the Americas was 8.7 percent, according to the research firm. For 2012, IDC is projecting overall software market growth of 7.3 percent for the Americas. Apparently, the economic turmoil in Europe is dragging the rest of the world down.

Microsoft was the No. 1 software vendor worldwide, following by IBM. Several vendors enjoyed double-digital growth rates of more than 20 percent last year: VMware, and Cadence Design Systems.

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