Application industry worth $9 billion in 2012
Analyst outfit Gartner has been adding up some figures and dividing by its shoe size and worked out that the app industry is worth $9 billion this year.
That represents a 1.8 percent increase over 2011's market size, and Gartner says that evolving software delivery models, new development methodologies, emerging mobile application development, and open source software will drive IT spending. According to Gartner's report with the sexy title "Market Trends: Application Development (AD) Software, Worldwide, 2012-2016" the cloud is changing the way applications are designed, tested, and deployed, resulting in a significant shift in development priorities.
The report said that the trend is compelling enough to force traditional AD vendors to 'cloud-enable' their existing offerings and position them as a service to be delivered through the cloud. ..