Enterprise Resource Planning (ERP) Market to Exceed $21 Billion (ARC Advisory Group)

Dedham, Massachusetts; April 12, 2006: The worldwide market for Enterprise Resource Planning (ERP) solutions continues to grow on the plethora of acquisitions and will exceed $21 billion in 2010. The worldwide market for ERP is expected to grow at a Compounded Annual Growth Rate (CAGR) of 4.8 percent over the next five years. The market was $16.67 billion in 2005 and is forecasted to be over $21 billion in 2010, according to a new ARC Advisory Group study.