Software Sector Sees Brighter Tomorrow

If a recent survey of 100 CEOs and CIOs of enterprise software companies across multiple sectors is to be believed many of the "new" technologies getting lots of press will usher in a new wave of spending. Datamation weighs in on whether cloud computing, software-as-a-Service ) and enterprise-wide upgrades of PCs, mobile devices and applications, will end an industrywide three-year decline in IT spending.

Cloud computing, corporate upgrade cycles and general optimism about the overall economy will drive increased sales, profits and employment in the software industry this year, according to a survey released this week by venture capital firm Sand Hill Group.

The survey, which queried more than 100 CEOs and CIOs at a variety of enterprise software companies across multiple sectors, found that 44 percent of respondents expect overall software sales to increase between 5 percent and 9 percent in total dollars this year, while another 23 percent are projecting a jump of between 10 percent and 14 percent.

Cloud computing, Software-as-a-Service (SaaS) and enterprise-wide upgrades of PCs, mobile devices and applications, most notably Windows 7-driven projects, will usher in a new wave of spending as the IT industry pulls itself out of a three-year decline.

Read the rest of "Optimism Returns to Software Sector" at Datamation.

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