Cloud is ‘driving the bulk of change’ in the software market as Salesforce.com becomes the first pure play cloud company to make the top 10 companies for global software revenue, according to analyst house Gartner.
“The software market has been changing shape over the past five years, and cloud is driving the bulk of this change as software vendors acquire and provide applications and infrastructure technology to support the cloud and the Internet of Things movement,” said Gartner research VP Joanne Correia.
Salesforce.com is the only new entrant in the top 10 with a 33.3% growth rate in revenue from last year – the company now turns over $3.8bn in software according to Gartner, compared to $2.9bn in 2012. The SaaS bods are the clear winners in terms of growth, with VMware (position #8, 14.1% growth) and SAP (#4, 9.5% growth) the next fastest …