Jupiter: Small and midsize businesses will propel enterprise software growth

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New York--Small and midsize companies will be the driving force behind growth in the enterprise software market over the next two years, according to a report from Jupiter Media Metrix Inc.

Jupiter estimates that the North American market for enterprise software applications and related services sold to small and midsize businesses will grow from $971 million in 2001 to $3.4 billion by 2006.

The report, which looked at companies with between 100 and 500 employees, found that businesses will purchase and implement software in the next six months to automate e-commerce storefronts (28%), CRM (26%) and accounting and financial management (26%).

Jupiter projects e-commerce and Web presence applications will grow to $1.1 billion by 2006 and account for more than one-third of the enterprise software market, up from 14% in 2001.

Spending on CRM software by small and midsize businesses will reach $651 million and make up 19% of the market by 2006, up from 10% in 2001.

--Kate Maddox

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