Study Finds Growth In Enterprise Software Market - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Study Finds Growth In Enterprise Software Market

The market will grow from $38 billon in 2001 to $70 billion in 2006, according to a recent study.

Enterprise software spending is climbing, and the pace will pick up considerably after the end of this year, according to the results of a study released Friday by AMR Research. The firm says the market for supply-chain management, product life-cycle management, customer-relationship management, enterprise resource planning, and exchange platform software will grow from $38 billon in 2001 to $70 billion in 2006.

AMR says enterprise software buyers will spend $41 billion this year and $46 billion next year. The analyst firm's data shows that the market for supply-chain management and product life-cycle management software will expand from $5.6 billion last year to $13.6 billion in 2006; the CRM market will grow from $11 billion in 2001 to $26 billion by 2006, and the ERP market will increase from $20 billion in 2001 to $31 billion in 2006.

AMR says the market mix is changing significantly. In 2001, CRM accounted for 29% of spending and will grow to 38% by 2006. Supply-chain and product life-cycle management accounted for 20% of enterprise software spending last year, and that's likely to increase to 30% by 2006. Exchange platforms made up 3% of overall enterprise software spending, and that will rise to 5% by 2006. Spending for ERP made up 47% of the market in 2001, but that's expected to shrink to 27% by 2006.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
AI Regulation: Has the Time Arrived?
John Edwards, Technology Journalist & Author,  2/24/2020
News
Fighting the Coronavirus with Analytics and GIS
Jessica Davis, Senior Editor, Enterprise Apps,  2/3/2020
Slideshows
IT Careers: 10 Job Skills in High Demand This Year
Cynthia Harvey, Freelance Journalist, InformationWeek,  2/3/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll