EDM spending 'set to double'
MANAGEMENT INTELLIGENCE
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 the main providers in this space, Lee says.
The growth rate is expected to be so sharp because firms
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