No. 1: Enterprise Software To Grow 11.5%
2022 Spending: $670 Billion
2021 Spending: $601 Billion
Enterprise software is expected to have the highest growth rate in 2022 at 11.5 percent year over year, driven by infrastructure software spending continuing to outpace application software spending.
Gartner predicts spending on enterprise software will reach $670 billion in 2022, a whopping 11.5 percent greater than this year.
In 2021, Gartner expects enterprise software spending to hit $601 billion, which would represent an increase of 14 percent compared to 2020.
Communications software leaders like Microsoft, Zoom and Cisco are pouring millions into improving security features and new capabilities to meet new demands. Other software leaders like VMware, Oracle, SAP and Salesforce have seen solid software sales growth over the past 18 months as customers invest more in management solutions like CRM and ERP as well as SaaS offerings.