The worldwide document and content technologies market will continue at an above-average rate despite the economic downturn. Although this market will not duplicate its extraordinary growth of 89 percent as it did in 2000, says IDC.
IDC's original prediction, based on figures gathered in 2000 and the first quarter of 2001 was growth at a compound annual growth rate (CAGR) of 47.2 percent, from $2 billion in 2000 to over $14 billion in 2005. IDC has revisited that prediction since the tragedy on September 11. While growth will be diminished in the last quarter of 2001, IDC believes purchasing plans will be delayed but not cancelled by enterprises during the next three quarters. Growth is expected to rebound in late 2002 and through 2003-2005.
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