Thursday, June 26, 2014

2014 Software Spending Strong

US businesses and consumers are expected to spend $284 billion for software during 2014. So says Forrester Research in their recent estimate on technology spending in the US.

Software spending is the largest component of overall tech spending. The 2014 tech spending projection is 8.6 percent higher than the 2013 figure.

Total technical spending for 2015 will rise by six percent over 2014 spending, from $1.315 trillion to $1.4 trillion.

With such a healthy increase in software spending, the economic outlook for small independent software vendors (microISVs) is very positive.

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