Forecast Enterprise Resource Planning (ERP) Sales to Grow at 24.9% to $73-bil in 2004
| FOR IMMEDIATE RELEASE | CONTACT: Keith Parker |
| October 24, 2000 | Data Analysis Group |
| Phone: (707) 894-9100 | |
| E-mail: support@infott.com | |
| URL: www.infotechtrends.com |
New Creek Ranch, California - October 24, 2000. The worldwide Enterprise Resource Planning (ERP) market will grow at 24.9% and reach $73-bil in 2004. The benefits of Enterprise Resource Planning (ERP) to integrate data and business processes across the enterprise allows strategic planners to cut costs, provide better services to customers, and help develop a competitive edge. Over the next four years sales will expand to new companies and industries. ERP growth will also be driven by continued worldwide economic expansion, especially in Europe. More functionality will continue to be developed as well as Web enabled applications.
Approximately 65% of the Enterprise Resource Planning (ERP) market currently belongs to SAP, Oracle, PeopleSoft, J.D. Edwards, and Baan. The following forecast sales includes E-Business Relationship Management (ERM) and Supply Chain Management (SCM) segments of the ERP market.
| Forecast market for enterprise resource planning (ERP), worldwide. | |
$-bil | |
| 2000 | 30 |
| 2001 | 35 |
| 2002 | 45 |
| 2003 | 58 |
| 2004 | 73 |
| AGR | 24.9% |
| Source: www.infotechtrends.com | |
The information in this press release is based on a review of InfoTech Trends database of market research statistics. For more market data on the information technology industry go to Free Data. To see our press releases go to Press Releases.
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