Monday, December 26, 2011

Software in UK likely to increase to $20.2 billion by end of 2015

DUBLIN, IRELAND: Research and Markets has announced the addition of the "Software in the United Kingdom" report to its offering.

* The computer software market consists of systems and application software. Systems software comprises operating systems, network and database management and other systems software. Application software comprises general business productivity and home use applications, cross-industry and vertical market applications, and other application software. Market value figures are assessed at manufacturer selling price (MSP), based on revenues from software sales and licenses.

* The UK software market had total revenue of $14.8 billion in 2010, representing a CAGR of 3 percent between 2006 and 2010.

* Network and database management sales proved the most lucrative for the UK software market in 2010, with total revenues of $3.7 billion, equivalent to 24.7 percent of the market's overall value.

* The performance of the market is forecast to accelerate, with an anticipated CAGR of 6.4 percent for the five-year period 2010-2015, which is expected to drive the market to a value of $20.2 billion by the end of 2015.

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