Application software sales slowed to just 7 percent in 2001, and shrank 1 percent in 2002. Long-term spending is expected to grow just 6 percent annually through 2007. ERP vendors have become a major force in strategic product extension areas like supply chain, customer management, procurement and sourcing. Microsoft presents a credible and viable new market entrant in the underpenetrated midmarket. Economic growth expected to be considerably slower in almost every geographic region, says AMR Research’s Market Analytix.”]
Source: https://www.csoonline.com/article/2116268/spending-smarter-in-2004.html