"Enterprise Software growth in China is being driven by a combination of strong, ongoing economic growth and a relatively low software adoption rate," said Michael Barnes, VP - Software Research at Springboard Research. "Although existing software investments tend to be concentrated in local offices of foreign companies and internationally-focused Chinese companies, the market is expanding in all sectors, led by banking and State-owned Enterprises (SOEs),"

According to the research house, system and infrastructure software represented nearly two-thirds of the market in 2008, with the remaining share taken by application software.