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ERP Sector Proves Recession-Resistant
By Doug Caverly
Staff Writer
Article Date: 2009-07-08
As most people know by now, the recession's hit all sorts of sectors, and a quick look at the Dow, the Nasdaq, and some unemployment reports can confirm this (and cause your blood pressure to rise). Still, ERP professionals can remain relatively confident, as it looks like your industry's doing just fine.
Bridget McCrea talked to Jim Shepherd, the senior vice president at AMR Research, and wrote afterward, "Shepherd . . . estimates that the ERP sector has grown at a rate of 8.1 percent annually over the last 10 years." Which works out to some pretty nice gains.
Also, even in the short term, enterprise resource planning has remained reasonably popular.
McCrea stated, "[T]he sector grew its top-line revenues in 2008 to $35.8 billion, compared to $34.4 billion the year before." That amounts to an increase of 4.1 percent - still higher than the rate of inflation (or the interest rate you can get on most bank accounts, if you'd like to view it that way).
Since overseas interest in ERP is growing, too - see recent stories with ties to India and Germany - these trends should continue. As the recession lifts, the ERP sector may even really take off.
About the Author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.
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