Enterprise software total worldwide expenditure 2009-2025

In 2024, IT spending on enterprise software amounted to over one trillion U.S. dollars worldwide, a growth of 12 percent from the previous year. Like nearly all sub-segments of the IT services industry, the enterprise software market has experienced high levels of growth lately, with market revenues more than doubling in the decade between 2010 and 2020.

Enterprise software

With year-on-year growth frequently exceeding 10 percent, the enterprise software market is the fastest growing segment in the overarching IT industry. Enterprise software aims at responding to the needs of organizations, often specifically addressing the efficiency of their core business processes. Many enterprise software sub-segments, such as business process management (BPM) software, enterprise resource planning (ERP) software, and customer relationship management (CRM) software, have grown into massive markets in their own right. CRM software focuses on analyzing and improving business interactions with both current and future customers and is expected to bring in over 55 billion dollars in sales in 2024. ERP software focuses more closely on corporate data collection and interpretation, and is forecast to account for another 107 billion dollars in overall revenue.