Executive Summary (This is a document excerpt)

Forrester believes that the application portfolio management (APM) market space will grow from approximately $15 million in 2003 to exceed $400 million by 2008. Too valuable to eliminate, too costly, complex, and interdependent to replace, existing IT applications consume a staggering 73% of application budgets. Organizations are embracing APM because it develops fact-based application metrics to drive intelligent decisions, aligns application strategies to business strategies, and increases maintenance productivity by 10% to 30%. Forrester believes that the application mining tools market will decline from its current $82 million to less than $15 million during the same period, due in large part to the single-project focus, tactical scope, and the comparatively small buying audience (programmers and analysts). APM begins with application mining, but its strategic focus — smart management of application assets, on an enterprisewide basis — expands the pool of buyers and users to include project leaders, application development (AD) managers and directors, the CIO (plus direct reports), and potentially even to the company's financial and executive management.

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