About Saas-based Enterprise Resource Planning
SaaS ERP is an enterprise resource planning (ERP) system that runs in the ERP vendor's data center, rather than purchasing the organization's servers and infrastructure that allows the company's end-users to access the software over the internet.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Companies in the market are concentrating on Saas-based ERP. In Asia Pacific region is the largest region due to the increased traction from on-premises to cloud enterprise applications. With the rapid development in ERP. The companies operating in this industry are heavily focusing on enhancing their market presence by product development, investing in research and development activities. And also adopting strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Saas-based Enterprise Resource Planning market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NetSuite (United States), Oracle Corporation (California), Acumatica (United States), PAT Research (California), SAP SE (Germany), Infor (United States), TrustRadius (Texas), TechnologyAdvice (United States), Mphasis (India), Intuit, Inc. (United States) and Visma (Europe) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sage Software Inc. (United States), FinancialForce (California) and Microsoft Corp. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Saas-based Enterprise Resource Planning market by Type (Cloud-based, On-premises and Others) and Region.
On the basis of geography, the market of Saas-based Enterprise Resource Planning has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. IT Sector will boost the Saas-based Enterprise Resource Planning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Saas-based Enterprise Resource Planning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size , the sub-segment i.e. SMEs will boost the Saas-based Enterprise Resource Planning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing use of the internet
Market Growth Drivers:
Increasing advancement enables the integration of other key technologies such as mobility, decision support systems, and collaboration and social systems, Growing popularity in businesses and rising adoption in applications such as IT infrastructure, maintenance, and upgrades and Factors such as high performance and scalability, unparalleled reliability, and improved security that drive the growth of the Saas-based ERP market
Challenges:
Heavy costs while purchasing the software
Restraints:
High cost and time-consuming
Opportunities:
Increasing use of advanced technologies such as AI, Internet of Things (IoT), advanced analytics, blockchain and Rising adoption of reduced cost, drive process standardization and increased speed of delivery
October 19, 2021: NetSuite expanded its Advanced Customer Support service. This service provides prescriptive playbooks that help customers which accelerate their return on investment. and September 30, 2021: Oracle Corporation launched Saas payroll service for IGOs and NGOs. This service helps the organization and enables organizations to configure payroll to meet their pay rules in single systems.
Key Target Audience
Research & Development, Software Application, Enterprises and Customers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.