Employee experience software likely to see boomlet, then consolidated
There are a bevy of companies looking to improve employee engagement and experiences in a tight labor market. The big question is what part of the enterprise will make the buying decisions? Read more: https://zd.net/2WXLNKj
As global enterprise spending on software surpasses the $1 trillion mark in the coming decade, the growth rate of software spending will slow to 4% per annum from 7% historically. A buyers’ market for enterprise software will emerge. More choices, more transparency, and more interoperability will result in the unprecedented choice for enterprise software buyers, who will:
The supply side of the industry will face particular challenges as they respond to the slowing growth of software spending. Vendors will need to:
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This post was written by Senior Vice President, Research Director Chris Mines, and originally appeared here.
Article source: https://www.zdnet.com/article/implications-of-a-buyers-market-for-enterprise-software-2020-2030/#ftag=RSSbaffb68