Gartner predicts that CRM will represent the largest segment of enterprise software spend by 2017, growing to a $36.5 billion worldwide market. SugarCRM announced its Q2 2014 results in July of this year, marking 19 consecutive quarters of growth and reported a 30% annual increase in annual recurring revenue. In the first half of 2014 alone, SugarCRM signed a record total of more than 1,000 new customers, bringing its current total to nearly 7,500 —with more than 1.5 million end users worldwide. For two consecutive years, Gartner named SugarCRM a "Visionary" in its Magic Quadrant in both 2013 and 2014. Additionally, SugarCRM was named a 2014 AlwaysOn Global 250 Top Private Companies winner.