Knowledge Management Software Market Growing

IDC has a research Report on the future on Knowledge Management. They say the software market in this segment will grow the worldwide market from $1.4 billion in 1999 to $5.4 billion in 2004.They also have a nice definition of knowledge management.
\”The importance of examining organizational processes and technologies and developing solutions that harvest and deliver the right information to the right people at the right time\”

\”The need to more intelligently support the decisions of employees while improving productivity will create and sustain demand for knowledge management access software,\” said Brian McDonough, senior research analyst with IDC\’s Knowledge Management program. \”The infrastructure is largely in place. Consolidation among vendors through acquisitions or strategic partnerships will occur to further spur rapid market adoption.\”