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ERM services market poised to rebound

The worldwide ERM services market is expected to rebound in the latter half of this year and return to positive growth in 2003, according to figures from IDC.

The worldwide ERM services market is expected to rebound in the latter half of this year and return to positive growth in 2003, according to figures from IDC. As such, the research group is predicting that the market will reach US$45.6 billion in 2006, having grown at compound annual growth rate (CAGR) of 10.8% from $23.7 billion in 2001.

“The market has seen a shift from providing predominantly consulting and systems integration services to outsourcing services,” says Stephanie Torto, program manager, solution integration strategies research, IDC.

“Outsourcing services experienced strong demand as companies looked to cut costs and focus on core competencies in a time of fierce competition. Nonetheless, ERM will continue to be the backbone of enterprise systems, driving the need for robust, fully optimised systems that are connected and integrated across the value chain,” she adds.

Breaking down the worldwide market, the Americas market will assume the largest share with 44.2% by 2006, followed by Europe, Middle East & Africa (EMEA) and the Asia-Pacific markets with 34.2% and 21.6% respectively.

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