The software giant Oracle has overtaken its competitor/rival IBM and is today the world’s second largest software vendor. According to analyst firm Gartner, it has been able to pull the tremendous $29.6 billion of software revenue during the year 2013. Gartner, research vice president Chad Eschinger, said in his statement, “Global trends around big data and analytics with business investment in database and cloud-based applications helped to drive Oracle’s top-line growth”.
With Microsoft maintaining its first position, the software revenue marked for Microsoft was $65.7 billion and while IBM moving down to third position its software revenue was $29.1 billion. Talking about SAP it maintained its fourth position with the $18.5 billion revenue. Among the top 10 vendors were the Symantec, EMC, Hewlett-Packard, VMware, CA Technologies and Salesforce.com. The contribution of other software vendors was $234.6 billion of the $407.3 billion total.
Over the last year the global software spending has boosted by 4.8% in developed countries that makes it relative sluggishness in emerging market areas, according to Gartner. The impact of SaaS (Software as a Service) on the buying and spending habits has been huge. This was for the first time that a pure SaaS vendor eccentric into the list of top 10 software companies by revenue, with the arrival of Salesforce.com in 10th place. It had the sales revenue of $3.8 billion and Salesforce.com is now among the industry’s five largest application software vendors.
Gartner also added, “Subscription pricing offered by SaaS vendors is giving customers the ability to make investments “where it makes sense to grow and advance the business”.