Israeli enterprise software market generated $52.14 mln in 2004

The Israeli enterprise application software (EAS) market expanded by 12.5% to reach $52.14 mln in license and maintenance (L&M) revenue in 2004 and is expected to grow by another 7.4% in 2005. Israel's SMBs accounted for 45.1% of total 2004 revenue, according to IDC. With new installations on the rise in 2004 (17.7% over 2003), L&M revenue should continue to grow moderately, reaching $67.34 mln in 2009. SAP again dominated the EAS scene in Israel in 2004. Having amassed L&M revenue far ahead of its nearest competitor, SAP is likely to remain the leading player in the market for at least the next few years. Nevertheless, Oracle and local player Eshbel made strong showings. Together, these three vendors secured almost 75% of 2004 market revenue.