European ASP Market Catches US

Growth in the application service provider (ASP) sector is set to be worth $3.6 billion in the US by the end of 2000, up from just $1 billion a year earlier. The sector will then growth to a value of $25.3 billion by 2004, according to Dataquest. The European and Asian ASP marketsÂÂ’ growth-rates faster than in the US now, closing on the StatesÂÂ’ previous dominance. In 1999 the US took 65% of ASP revenue, Europe 20%. By 2004, Europe should have 32% and the US 45%.