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Key drivers in the global packaged software industry include the increase in IT spending by BRIC nations
Global Packaged Software Market 2012-2016 - a new market research report on 2014-03-21 11:27:01
The Global Packaged Software market to grow at a CAGR of 6.93 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in IT spending by BRIC nations. The Global Packaged Software market has also been witnessing the increasing demand for tablets and smartphones. However, the increasing demand for open-source, third-party software could pose a challenge to the growth of this market.

The increasing demand for smartphones is expected to propel the growth of the Global Packaged Software market to a considerable level. There has been a rapid increase in consumers who prefer mobile devices to PCs in terms of internet usage. This dependence has increased the demand for packaged software. In addition, the Tablet market is expected to grow by 40 percent during the period 2013-2014, largely assisted by Apple´s iPad mini, Google´s Nexus 7, and Barnes & Noble´s NOOK devices.

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