Thanks to Large Software Vendors the Worldwide Enterprise Information Portal Software Market to Soar to $2.6 Billion by 2006
FRAMINGHAM, MA – MARCH 13, 2002 – The worldwide Enterprise Information Portal (EIP) software market is expected to rapidly increase revenues from $461.2 million in 2001 to $2.6 billion in 2006, according to IDC. Large vendors educating the marketplace on the benefits and features of EIP software will be major contributors to the broad adoption of this market.
"Large companies with homegrown intranets are the primary prospect base for Enterprise Information Portal software vendors," said Brian McDonough, research manager for Knowledge and Content Management Software at IDC. "This segment will continue to adopt EIP software because of its ability to reduce administrative burdens and allow for flexibility in the delivery of information and applications."
With few standalone EIP software vendors remaining there will certainly be more consolidation as enterprise application, content management, or infrastructure software vendors seek to enter the market, according to IDC. Demand will remain strong for EIP vendors that can address the needs of the
knowledge worker and reduce IT administrative costs.
"Functional leaps are not expected to take place in 2002 as vendors focus on partnerships and general enhancements to current capabilities," said McDonough. "Building in flexibility and maintaining low-footprint frameworks will be important features of Enterprise Information Portal software."
IDC's recently released Worldwide Enterprise Information Portal Software Forecast, 2002-2006 (IDC #26598) presents a five-year revenue forecast of the worldwide EIP software market by region and operating environment. Market- specific assumptions and discussions of key market trends are also included to provide vendors and buyers essential guidance in the EIP software market.
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