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 Total CRM Software Revenue Goes Sky-High

Total CRM software revenue is soaring. According to a recent Gartner report, total software revenue reached $5.7 billion in 2005, a 13.7 percent jump from 2004. What’s fueling software’s high-growth rate?

SAP was the top CRM vendor based on total software revenue, with a 25.9 percent market share in 2005, the report states. Increased midmarket opportunity drove growth across the CRM market for both the large suite vendors and on-demand providers, such as Salesforce.com. Siebel’s strong fourth quarter results drove growth, but at the expense of Oracle and PeopleSoft CRM solutions. The report also notes that industry specialists such as Amdocs also benefited from high demand for vertical market solutions.

Total software revenue includes revenue generated from new license, updates, subscriptions, hosting, technical support and maintenance.

 


           


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