ERP solutions market to hit $21 billion in five years

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Dedham, Mass.—The global market for enterprise resource planning solutions was $16.67 billion in 2005 and it is estimated to hit $21 billion in 2010, according to ARC Advisory Group, a consultant to the manufacturing industry, in its “Enterprise Resource Planning Worldwide Outlook” study. The market is expected to grow at a compounded annual growth rate of 4.8% over the next five years, according to ARC.

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