Business software growth on the rise

Interest in fleet management software could be set to rise, after new research revealed enterprises are looking to boost their technology spending.

The International Data Corporation (IDC) said the Asia-Pacific is among the bigger investors in business software, with the region to see compound annual growth rates (CAGR) of approximately 8 per cent between 2012 and 2017.

This is noticeably higher than in North America and western Europe, where growth of 5.4 per cent is expected over the same period.

Christine Dover, research director for enterprise applications and digital commerce at IDC, said businesses are increasingly turning to software solutions to streamline their operations.

"Enterprises are starting to implement applications that either didn't exist or weren't needed in the past, such as commerce applications in all industries, not just retail, but also manufacturing, hospitality, food and beverage, and even the public sector," she said.

"IDC is also seeing applications in categories that didn't exist in the past (eg subscription billing, spend optimisation, and revenue management) for requirements that may have been met using custom applications or manual processes."

Fleet software, for example, can help organisations automate their vehicle management processes and make them more efficient, including services and repair, procurement and disposal, and environmental obligations.

According to IDC, software that addresses resources management, customer relationships and supply chain management are expected to experience some of the highest growth. These platforms are forecast to see CAGR of approximately 6 per cent a year until 2017.

Managed services could also trend upwards, with senior vice-president of software services at IDC Henry Morris highlighting changing delivery models. 

"Leveraging the social dimensions of the Internet keeps fuelling the collaboration growth, much of which is in the form of software as a service."