Enterprise resource management software generated $152.9 mln in China, $102.8 mln in Australia, $53.2 mln in Korea
Enterprise Resource Management applications market in China hit $152.9 mln in first half of 2004 and remained the largest market in APEJ (Asia-Pacific Excluding Japan). This was followed by Australia with $102.8 mln and Korea with $53.2 mln. IDC’s 5-year forecast indicates that China will be the fastest growing country with growth reaching approximately 24% in 2009. The increasing business confidence in India will gradually push the country to be one of the quickest growing countries in the region with a 5-year growth rate of 13%.