Global per capita software products consumption grew from $xx in 2011 to $xx in 2015 at a CAGR of xx%. This was due to increased spending for business related software such as customer relationship management (CRM) ,enterprise resource planning (ERP) from finance ,manufacturing and IT companies and software product license upgrades and renewals from individual customers and commercial establishments. It is expected to grow to $xx in 2019 at a CAGR of xx%.
The number of mergers and acquisitions in the software products industry is increasing. Large companies are acquiring small companies to increase their product and service offerings. High-performance cloud computing businesses and enterprise software vendors are the main acquisition targets for software product companies. For example, IBM Corporation recently acquired SPSS Statistics, Cognos Inc., SoftLayer Technologies Inc. and Varicent Software Inc .
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