Enterprise Social Software Revenue to Surpass $769 Million in 2011

Enterprises are getting more "social," so global enterprise social software revenue is on pace to total $664.4 million in 2010, a 14.9 percent increase from 2009 revenue of $578.2 million, according to Gartner researchers. That's not a huge amount of spending on a global basis, but does indicate changing enterprise requirements.

The market is poised for continued growth in 2011 when revenue is forecast to reach $769.2 million, up 15.7 percent from 2010.

Enterprise social software enables participation through formal and informal interactions. Technologies include blogs, communities, discussion forums, expertise location, feeds and syndication, social bookmarks, wikis, and integrated platforms/suites.

Gartner Says Worldwide Enterprise Social Software Revenue to Surpass $769 Million in 2011