EDM spending 'set to double'
BOSTON – Spending on enterprise data management (EDM) projects will double over the next four years, as firms come to grips with increased data burdens mandated by regulatory pressures, according to a report from Boston-based consultancy Aite Group.
According to the author, managing partner Sang Lee, spending on EDM projects will rise at a compound annual growth rate (CAGR) of 15% over the next four years, up from $1.1 billion last year to more than $2 billion by 2009, compared with a projected CAGR of only 3.9% for overall IT spend.
The figures are based on aggregating data that Aite collects from institutions and on the sales pipelines of
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