As testament to the ever-growing dominance of the cloud in today's businesses, Gartner predicts it will be one of the key contributors to the growth of the enterprise software market.
The technology research firm predicted toward the end of last year that the so-called 'Nexus of Forces' will be accountable for more than 26 per cent of enterprise software market revenue by 2017. Gartner defines the Nexus of Forces as the cumulative impact of four of the world's most disruptive business technologies – cloud, information, mobile and social.
Tom Eid, research vice president at Gartner, expects to see radical changes in the market from this year.
"Starting in 2014, the enterprise software markets will undergo their greatest level of disruptions, growth and new opportunities since the year 2000," he said in a December 11 statement.
"This represents more than $104 billion to new worldwide enterprise software revenue from cloud, information, mobile and social initiatives in 2017."
Additionally, Gartner singled out the cloud as one of the leading forces behind the expected growth of enterprise software. It noted that the popularity of the cloud and software-as-a-service (SaaS) has been consistently on the up since 2008.
With businesses facing mounting pressure to keep costs low, commit to less capital expenditure and take advantage of the latest technology, cloud services are becoming the go-to option.
Cloud-based software can be utilised in just about any area of your business to help streamline its operations. One area you may not have considered is strategic planning.
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