View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 27, 1998


By CBR Staff Writer

The appetite for business applications will make it the first packaged software market to reach $100bn in worldwide license revenues, according to a report from research firm International Data Corp. IDC says that the market will reach that level by 2002, up from $50bn in 1997. The research also shows that, although suites – defined as packages that include at least accounting, materials-management, and industry-specific modules – are much-hyped and receive a great deal of publicity, so-called best-of-breed stand-alone applications outsold them nearly three-to-one last year. IDC says growth in the overall market is being driven by heavy demand for both key cross-industry packaged apps, such as general accounting, materials management, and human resources management as well as continued demand for industry- specific apps for manufacturing requirements planning and similar functions in retail/wholesale distribution and the services industries.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.