Table of Contents Executive Summary 2 Market value 2 Market value forecast 2 Category segmentation 2 Geography segmentation 2 Market rivalry 2 Market Overview 7 Market definition 7 Market analysis 7 Market Data 9 Market value 9 Market Segmentation 10 Category segmentation 10 Geography segmentation 11 Market Outlook 12 Market value forecast 12 Five Forces Analysis 13 Summary 13 Buyer power 15 Supplier power 17 New entrants 19 Threat of substitutes 22 Degree of rivalry 24 Leading Companies 26 Bertelsmann AG 26 Lagardere SCA 30 News Corporation 34 Time Warner Inc. 38 Methodology 43 Industry associations 44 Related Us research 44 Appendix 45 About Us 45

List of Tables Table 1: Spain software market value: $ million, 2013-17 Table 2: Spain software market category segmentation: $ million, 2017 Table 3: Spain software market geography segmentation: $ million, 2017 Table 4: Spain software market value forecast: $ million, 2017-22 Table 5: International Business Machines Corporation: key facts Table 6: International Business Machines Corporation: key financials ($) Table 7: International Business Machines Corporation: key financial ratios Table 8: Microsoft Corporation: key facts Table 9: Microsoft Corporation: key financials ($) Table 10: Microsoft Corporation: key financial ratios Table 11: Oracle Corporation: key facts Table 12: Oracle Corporation: key financials ($) Table 13: Oracle Corporation: key financial ratios Table 14: SAP SE: key facts Table 15: SAP SE: key financials ($) Table 16: SAP SE: key financials (€) Table 17: SAP SE: key financial ratios Table 18: Spain size of population (million), 2013-17 Table 19: Spain gdp (constant 2005 prices, $ billion), 2013-17 Table 20: Spain gdp (current prices, $ billion), 2013-17 Table 21: Spain inflation, 2013-17 Table 22: Spain consumer price index (absolute), 2013-17 Table 23: Spain exchange rate, 2013-17 List of Figures Figure 1: Spain software market value: $ million, 2013-17 Figure 2: Spain software market category segmentation: % share, by value, 2017 Figure 3: Spain software market geography segmentation: % share, by value, 2017 Figure 4: Spain software market value forecast: $ million, 2017-22 Figure 5: Forces driving competition in the software market in Spain, 2017 Figure 6: Drivers of buyer power in the software market in Spain, 2017 Figure 7: Drivers of supplier power in the software market in Spain, 2017 Figure 8: Factors influencing the likelihood of new entrants in the software market in Spain, 2017 Figure 9: Factors influencing the threat of substitutes in the software market in Spain, 2017 Figure 10: Drivers of degree of rivalry in the software market in Spain, 2017 Figure 11: International Business Machines Corporation: revenues & profitability Figure 12: International Business Machines Corporation: assets & liabilities Figure 13: Microsoft Corporation: revenues & profitability Figure 14: Microsoft Corporation: assets & liabilities Figure 15: Oracle Corporation: revenues & profitability Figure 16: Oracle Corporation: assets & liabilities Figure 17: SAP SE: revenues & profitability Figure 18: SAP SE: assets & liabilities

International Business Machines Corporation Microsoft Corporation Oracle Corporation SAP SE