|By Business Wire||
|December 2, 2013 10:14 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/pqngwv/global_packaged) has announced the addition of the "Global Packaged Software Market 2012-2016" report to their offering.
The analysts forecast the Global Packaged Software market to grow at a CAGR of 6.93 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in IT spending by BRIC nations. The Global Packaged Software market has also been witnessing the increasing demand for tablets and smartphones. However, the increasing demand for open-source, third-party software could pose a challenge to the growth of this market.
The key vendors dominating this market space are IBM corp., Microsoft Corp., Oracle Corp., and SAP AG.
Other vendors mentioned in the report are Apple Inc., The Attachmate Group Inc., BMC Software Inc., CA Technologies Inc., Citrix Systems Inc., EMC Corp., Fujitsu Ltd., HCL Technologies Ltd., Hewlett-Packard Co., Hitachi Ltd., Intel Corp., Kaspersky Lab, NEC Corp., NetApp Inc., Red Hat Inc., Symantec Corp., Trend Micro Inc., and VMware Inc.
Commenting on the report, an analyst from the team said: The increasing demand for smartphones is expected to propel the growth of the Global Packaged Software market to a considerable level. There has been a rapid increase in consumers who prefer mobile devices to PCs in terms of internet usage. This dependence has increased the demand for packaged software. In addition, the Tablet market is expected to grow by 40 percent during the period 2013-2014, largely assisted by Apple's iPad mini, Google's Nexus 7, and Barnes & Noble's NOOK devices. Additionally, employees working in various organizations are taking their own mobile devices such as smartphones and tablets to their workplace and connecting them to their company's network. These devices also facilitate remote access to data and help employees remain productive at all times even when they are not at their workstations. The increasing number of devices used with company networks is increasing the need for IT security and storage, thus driving the growth of the market.
According to the report, one of the major drivers of the market is the increased IT spending by emerging markets. The BRIC countries are expected to dominate the market as they hold a major market share among the emerging markets. The increased IT spending will contribute considerably to the growth of the Global Packaged Software market during the forecast period.
Further, the report states that an important challenge curtailing the growth of the Global Packaged Software market is the increase in software piracy worldwide. According to a survey, digital software piracy has been costing the Packaged Software industry more than US$64 billion annually.
For more information visit http://www.researchandmarkets.com/research/pqngwv/global_packaged.
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