Enterprise software encompasses the applications that large companies use to conduct line-of-business operations such as accounting, business intelligence (BI), communication and collaboration, customer relationship management (CRM) and human resources (HR). The industry forms one of the largest shares of worldwide IT spending and is slated to grow tremendously in the years to come. Enterprise software will account for $296.6 billion in 2013, showing an annual growth rate of 6.4 percent from last year. The figure will reach $383.8 billion by 2017, with a CAGR of 6.6 percent.
There are considerable changes afoot when it comes to the types of enterprise software that CIOs are considering buying. Analytics & Business Intelligence (BI) at the top of the priority list, followed by Mobile technologies, Cloud computing and Collaboration technologies. The industry is also plagued by issues such as user hostility; high licensing and support cost; and lack of flexibility and agility, however there are some companies that are braving all the odds.
CIO Review brings to you CRTech10 a list of 10 high value enterprise software companies that are winning over CIOs and in turn driving growth for their clients. Having been closely scrutinized by a distinct panel of judges including CEOs, CIOs, CXO, analysts and CIO Review editorial board, these names are disrupting the industry and heralding a new era for enterprise software.