“Software sales will grow to $870 million in 2010.”
IDC Online predicts that software sales in Israel will reach $720 million in 2007, and $870 million in 2010. The survey was published ahead of a software manufacturers conference.
IDC says that Israeli’s IT market totaled $3.9 billion in 2006, of which software packages accounted for 16.7%. Software packages accounted for 26.3% of the IT market in the US, and 20.5% of the European market.
IDC added that software manufacturers were facing growing demand to customize their products to their customers’ specific needs. At the same time, the use of open code programs is expanding, because they enable companies to achieve greater flexibility in developing customized software products.
IDC says that trends in the hardware and software market were changing the market. These trends include multi-core processing, virtualization, and software-as-a-service.
Published by Globes [online], Israel business news - www.globes.co.il - on March 11, 2007
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