Licensing revenue for enterprise resource planning (ERP) software systems suffered a nine per cent decline in 2002, according to new research.
Analyst Gartner said worldwide revenue for new ERP software licences totalled $5bn (£2.9bn) in 2002, down from $5.5bn in 2001.
"A shift in buyer behaviour, due in part to users' past experiences of software failing to meet expectations, has created a more cautious buyer that seeks smaller, less expensive pieces of software to quickly drive positive bottom-line results," said Chad Eschinger, principal analyst for Gartner's worldwide software applications research group.
SAP extended its lead in the worldwide ERP software market, with its new licence revenues accounting for 25 per cent of the market, according to Gartner.
Oracle and PeopleSoft experienced a decline in market share in 2002, while Sage and Microsoft Business Solutions experienced a slight increase in overall market share.
The research found that all segments of the ERP software market experienced a decline in revenue in 2002. The financial management software market continued to lead all sub-segments of the ERP market, but its revenue declined eight per cent in 2002.
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