Open Source Market is Speeding Up at Enterprise Level: IDC
As per the latest IDC survey, Open source Software market is expanding at the rate of 2.4% compound annual growth rate (CAGR) to reach $8.1 billion by 2013. The projection is higher than 2008 and there are three reason for that 1) The revenue increased significantly because more number of open source projects have been added in the latest forecast (2) open source software has had a much higher level of acceptance during the last 12 months than previously period, and; (3) the economy accelerated the acceptance of open source software in the closing months of 2008.
Oracle is the leading Enterprise Application software (EAS)vendor in Middle East and North Africa. The company posted strong year-to-year revenue growth in those countries and its year-on-year EAS revenue was up by 43.1% in 2007. Oracle is the largest EAS vendor in UAE market in 2007, according to IDC, with 44.1% market share and revenues of $49.96 million.