Global SaaS Enterprise Resource Planning Market: Overview
The global market for enterprise resource planning is expected to witness rapid growth in the coming few years, owing to the growing need to minimize installation period. In addition, the increasing influence from social media and mobile application is projected to accelerate the growth of the mobile enterprise resource planning, thus fueling the growth of the global market. Some of the primary applications of SaaS enterprise resource planning are retail, government, IT, professional services, and manufacturing sector. The expansion of application is estimated to generate potential opportunities for key players operating in the SaaS enterprise resource planning market across the globe.
The research study on the global SaaS enterprise resource planning market offers a detailed analysis, focusing on the major growth prospects and promising opportunities in the overall market. In addition, the research study talks about the product segmentation, technological developments, latest trends, key applications, and the key geographical segments of the global SaaS enterprise resource planning market. A list of the prominent players operating in the global market has been mentioned in the study, along with detailed profiles and SWOT analysis. The business policies and the tactics adopted by these players have been highlighted in the research study in order to provide a clear understanding of the overall market.
Global SaaS Enterprise Resource Planning Market: Drivers and Barriers
The emergence of cloud technology across the globe gas resulted in a preferential shift from deployment method from on-premise to cloud enterprise resource planning deployment is the key reason augmenting the global SaaS enterprise resource planning market. In addition, the reduced investments and flexibility in diverse IT resources that are being offered by SaaS enterprise resource planning is expected to accelerate the growth of the market in the forecast period. The disrupted access and the guarantee of back-up is projected to result in a high number of small and medium enterprises that will implement SaaS enterprise resource planning in the near future.
On the flip side, several issues related to data security is one of the major factors predicted to restrict the growth of the global SaaS enterprise resource planning market in the next few years. Nevertheless, the innovative pricing model, such as pay-as-you-go that has been presented by SaaS enterprise resource planning is expected to encourage the growth of the global market in the coming few years.
Global SaaS Enterprise Resource Planning Market: Regional Outlook
According to the research study, the global market for SaaS enterprise resource planning can ve classified on the basis of geography into Europe, North America, Asia Pacific, and the Rest of the World. Among these regions, North America is expected to lead throughout the forecast period and account for a key share of the global market. The high demand for innovative products in SaaS enterprise resource planning and the growing popularity of cloud technology are some of the important factors anticipated to supplement the growth of the overall market in the next few years.
On the other hand, Asia Pacific is estimated to witness robust growth in the SaaS enterprise resource planning market in the coming few years. The growing emphasis on development of high-speed internet and overall infrastructure in developing economies is projected to contribute extensively towards the overall growth of the Asia Pacific market.
Companies Mentioned in the Research Report
Some of the key players operating in the SaaS enterprise resource planning market across the globe are Ramco Systems Ltd., NetSuite, Inc., Epicor Software Corporation, Plex Systems, Inc., Workday, Inc., Oracle Corporation, Sage Software, Inc., Acumatica, Inc., SAP SE, Infor, and Microsoft Corporation. The rising popularity of these technologies is expected to attract participation of a large number of players in the next few years; thus, strengthening the competitive landscape of the global market.
The growing focus of these players on product innovation and technological advancements are some of the key factors anticipated to augment the growth of the global SaaS enterprise resource planning market throughout the forecast period. In addition, the key players in the market are making notable efforts to enhance their market penetration with the help of development of new products is estimated to accelerate the growth of the market in the coming years.
The global SaaS enterprise resource planning market has been segmented as:
Global SaaS Enterprise Resource Planning Market, by Geography
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.