Due to the requirement of an integrated business system for any company with revenues of more than $5-$10 million, there has been a steady increase in ERP software spending. A recent study by the Boston-based AMR Research Inc. found that the global ERP application market will reach $38.2 billion by the end of 2008, about half of which will be derived from sales to the manufacturing industry. While the primary reason for the ERP market’s growth is increased investment by large corporations, as a result of globalization and a desire for performance management, medium-sized businesses (SMBs) are also driving the spending.
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