Enterprise application suites in Central and Eastern Europe to grow at 18% a year
The markets for enterprise application suites (EAS) in Central and Eastern Europe are hot. According to IDC data, 2005 was another banner year for EAS investments in the region. IDC expects license and maintenance revenue to continue to rise by an annual average of more than 18% through 2009, with annual value passing the $1 bln mark in 2007. Russia is both the largest EAS market in the region and the fastest growing. With L&M revenue hitting almost a Q bln dollars in 2005, the country accounts for nearly 37% of the total EAS market in CEE.