South Africa software industry to ‘balloon’ in 2014

South Africa’s software industry will balloon this year as spending is forecast to increase 10.5% to $518m, according to the latest International Data Corporation (IDC) market analysis report.

The South Africa Enterprise Application Software Market 2013–2017 Forecast predicts that overall enterprise applications software spending in the country will expand at a compound annual growth rate of 11.6% across the five-year forecast period to total $787.19m in 2017.

Banking, the government and the telecommunications sectors are cited as the biggest spenders on enterprise applications software during the period under review.

Source: BusinessDay SA