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Verispace Software sells inventory management software and reported revenues of $25 million in the most recent financial...

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Question

Finance

Verispace Software sells inventory management software andreported revenues

of $25 million in the most recent financial year. You estimatethat the total mar-

ket for inventory management software to be $25 billion, growingat 5% a year

for the foreseeable future. If you expect Verispace to have 10%market share of

this market in 10 years, estimate the compounded revenue growthrate over that

period.

Answer & Explanation Solved by verified expert
3.9 Ratings (760 Votes)
Current Total market revenue for inventory management software 25 billion 25 x 1000 million 25000 million Growth rate of total market revenue for inventory management software 5 Total market    See Answer
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Transcribed Image Text

Verispace Software sells inventory management software andreported revenuesof $25 million in the most recent financial year. You estimatethat the total mar-ket for inventory management software to be $25 billion, growingat 5% a yearfor the foreseeable future. If you expect Verispace to have 10%market share ofthis market in 10 years, estimate the compounded revenue growthrate over thatperiod.

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