The worsening plight of most ERP vendors, caused by the market slowdown, which started in the fourth quarter of 1998, continued in full force throughout 1999. The market size for 1999, with the 4th quarter yet to be reported, is estimated at $18.5B-$19.5B (12%-16% growth over 1998), with sales expected to top $55B-60B by 2003, for a CAGR of 28%-32%. ERP software suites will become universal business applications that will encompass front-office, business intelligence, and e-commerce/supply chain management, and ERP will no longer be the acronym sufficient enough to cover it, so we would like to suggest a new acronym - iERP, meaning Inter(
business systems implementations for transportation and warehousing
the same need for business systems as other trading companies with respect to human resources management, financial management, order management, warehousing and distribution, etc. Moreover, e-commerce will create new paradigms for business that will fuel a new wave of business process re-engineering, and therefore more ERP software sales. Some geographic markets outside North America and Western Europe have not been significantly penetrated by ERP systems thus far, and we expect further vendors'