Market research firm the Yankee Group announced that Intuit, Sage and Microsoft have reconfirmed their dominance in the small and midsized accounting and enterprise resource planning software markets.The Boston-based firm said that during 2005, several significant events occurred in the accounting and ERP business application segments that changed some of the market dynamics, including Microsoft's entrance into the low-end accounting applications arena, and significant product launches from both Intuit and Sage. Integrated business application suites from NetSuite and SAP also gained increased presence and penetration.
"Interest in, and market demand for, on-demand software-as-a-service business applications will continue to increase, influenced by the much-improved return on investment, lack of information technology resources and growing need for mobility and ubiquitous connectivity," said the firm's senior analyst for small and midsized business strategies, in a statement. "Future success in this market will rely on unified product strategies and on-demand business models, channels, and market segment focus."
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