According to IDC's latest study, "Asia/Pacific (excluding Japan) Enterprise Resource Management Applications Forecast and Analysis, 2006-2010" the Asia/Pacific (excluding Japan) applications market, valued at US$1.26 billion in 2005, is expected to grow steadily at a five-year compound annual growth rate (CAGR) of 10.6% to reach US$2.08 billion by 2010.

"As fuel prices and raw material costs continue to increase, enterprises have become more vigilant of the rising operational and production costs that will affect their bottom line. They therefore need quick and accurate access to operational information that will help to improve cost management and facilitate the decision making process," says Alan Tong, research manager, Asia/Pacific Enterprise Applications Research at IDC. "IDC therefore expects that Business Performance Management (BPM) and Financial Analytical Applications will become the main drivers of the ERM market."

China continues to dominate the market with an estimated spending share of 31.1%. This is followed by Australia and India with approximately 24.8% and 9.5% market share by revenue, respectively.