The global market for ERP software is expected to reach $42 billion by 2020 while growing at a continuous CAGR of 7-7.3 percent. The cloud ERP market is estimated to reach approximately $27 billion by 2020 while growing at a CAGR of 10 percent. Latin America and APAC are also expected to drive growth in the future, and the supply will be consolidated to the top four suppliers holding over 60 percent of the global market share. In addition to this, the SMBs in these countries are also witnessing increasing adoption rates due to the efforts of large global buyers to consolidate the supply base.
SAP is the pioneer in the ERP software industry and is estimated to have a 25 percent share of the global supplier market, followed by Oracle and Infor, having 17 percent share respectively. The report also explores the drivers and constraints of the global ERP industry, followed by Porter's five forces analysis . It also provides a detailed supplier analysis and gives an overview of the market share of suppliers like SAP, Oracle, Infor, and Microsoft Dynamics.
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.
Category Intelligence on ERP Software covers the following
Global suppliers are developing user-friendly interfaces and functionalities, moving away from the existing high degree of complexity in software
Vendors are highly fragmented in the mid-market segment
Most adopted model (globally): Multi-vendor engagement is being practiced to achieve spend visibility, cost savings and risk minimization.
Contract length: 1.5 – 3 years
Sources: Beroe analysis, Primary Expert 1, techtarget.com, cio.com
A hybrid ERP system is a perfect combination of in-house ERP supplemented by cloud-based ERP application. It is becoming popular among organizations who want to improve ERP functionality but do not want to change or add the in-house legacy system
SaaS adoption in ERP
SaaS-based ERP solutions are gaining popularity in the mid-market segment, where it proves to be cost effective in terms of implementation, reduced operational cost, increased business agility and the ease of start-up and maintenance
IoT and ERP
It has been estimated that by 2018, over 30 percent of data will be machine-generated, with 15–35 billion devices fueling this growth