IDC: EAM fastest growing market in APEJ
Singapore and Hong Kong, August 4, 2009 - IDC's Asia/Pacific Semiannual Enterprise Applications Tracker results for 2H2008 reveal that the Enterprise Asset Management (EAM) applications market in the Asia/Pacific excluding Japan (or APEJ1) region is estimated to reach US$136.9 million in 2009. It is expected to grow steadily at a five-year compound annual growth rate (CAGR) of 10%, reaching US$233.1 million by 2013. The five-year CAGR for EAM application is the highest in the Enterprise Resource Management (ERM2) market for the forecast period. The other applications with high CAGR are Order Management at 8.5% and Procurement at 6.5%.