IDC Projects 10-12 Percent Software Market Growth Through 2006: The worldwide packaged software market will begin "slow-to-moderate growth recovery" in 2003, and will continue growing at an average compound annual rate of 10 to 12 percent by 2006, according to industry watchers International Data Corp.

Application development and deployment will be the fastest growing markets with compounded annual growth of 11.5 percent. Growth in North America, Western Europe, Asia/Pacific and the rest of world will remain steady with no one region growing more rapidly than the others, IDC said.

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