Will Solid Software Spending Continue To Grow?

Yes.
Software spending will continue to be the fastest-growing technology market segment with a nearly 7 percent CAGR. Solution providers should target the health care and financial services verticals, which will lead the way in spending growth.

Other areas of high software spending will come from business services, media and resource industries. Applications that facilitate enterprise and IT operations, such as resource management and operations and manufacturing applications, will have the greatest share of software spending.

Broadly, the fastest growing software categories will be network software, collaborative applications and data analytics.