IDC: Asset management is hot in Asia-Pacific

IDC: Asset management is hot in Asia-Pacific

Enterprise asset management set to bloom thanks to global financial crisis

Enterprise asset management (EAM) applications will be the top performer of the enterprise resource management (ERM) market, according to an IDC report.

The results of IDC’s Asia-Pacific Semiannual Enterprise Applications Tracker predicts the EAM application market will hit $US136.9 million in 2009 and grow to $US233.1 million by 2013.

The second fastest riser in the ERM market is set to be order management applications with a five-year compound annual growth rate (CAGR) of 8.5 per cent followed by procurement applications at 6.5 per cent.

The report covers the Asia-Pacific region including Australia, but excluding Japan.

Australia is currently a major consumer in the EAM market, providing 21 per cent of business in the Asia-Pacific region.

But this is dwarfed by China's 35.2 per cent market share worth $US50.9 million.

IDC claimed the global financial crisis was proving a boon for the EAM application industry.

“With the slowdown in global demand for manufactured goods, manufacturers are deferring the replacement cycles of their working assets,” IDC said in a statement.

“In addition to manufacturing, telecommunication, banking, and transportation are the three other primary verticals adopting this application.”

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Tags IDC Asia-Pacific Semiannual Enterprise Applications Trackerenterprise resource management (ERM) market



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