Enterprise resource planning (ERP) is a software that enables organizations to manage and automate their business processes. This software has been widely used for back-office operations, which include inventory control production, order management, accounting, human resource (HR), and others. An ERP software system comprises several software modules, and each ERP module is focused on a particular departmental area, such as inventory control, finance, material purchasing, marketing, HR, and accounting. These modules can be customized according to the business requirement of the organization.
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In addition, ERPs have witnessed increased adoption, as they offer effective planning and streamlining of data under one platform, which helps in regulating operational costs, increase sales, and enhance decision-making. With the growing focus of modern SMEs toward improving their operational and business process efficiency, the adoption of ERP software is expected to increase in the upcoming years. This will subsequently fuel the growth of the Asia-Pacific ERP software market.
Rise in need for operational efficiency & transparency in business processes and surge in adoption of cloud & mobile applications are the major factors that fuel the growth of the Asia-Pacific ERP software market. In addition, increase in demand for data-driven decision-making is one of the crucial drivers of the market. However, higher investment and maintenance costs are expected to hinder the Asia-Pacific ERP software market growth.
Conversely, increase in demand for ERP among small & medium enterprises and technological advancements in ERP are expected to provide lucrative opportunities for the market growth in the coming years.
The Asia-Pacific ERP software market is segmented on the basis of deployment model, business function, industry vertical, end user, and country. Based on deployment model, the market is categorized into on-premise, cloud, and hybrid. Depending on business function, it is classified into finance, human resource (HR), supply chain, customer management, inventory management, manufacturing module, and others.
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By industry vertical, it is segregated into manufacturing, BFSI, healthcare, retail & distribution, government & utilities, IT & telecom, construction, aerospace & defense, and others. As per end user, it is divided into large enterprises, medium enterprises, and small enterprises. Country wise, it is analyzed across India, Indonesia, Thailand, Singapore, Malaysia, Philippines, Vietnam, Nepal, Sri Lanka, Hong Kong, Bangladesh, Cambodia, Fiji, and rest of Asia-Pacific. The market players operating in the Asia-Pacific ERP software market include Digiwinx Infotech PVT. LTD., Synergix Technologies, Focus Softnet PTE LTD, IFS AB, Deskera, HashMicro Pte. Ltd., 3i Infotech LTD., Rorko Technologies, Tigernix Pte. Ltd., and Accentuate Pte. Ltd.
KEY BENEFITS FOR STAKEHOLDERS
• The study provides an in-depth analysis of the Asia-Pacific ERP software market and current & future trends to elucidate the imminent investment pockets. • Information about key drivers, restraints, and opportunities and their impact analyses on the market is provided. • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the Asia-Pacific ERP software industry. • The quantitative analysis of the market from 2018 to 2026 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY DEPLOYMENT MODEL • On-premise • Cloud • Hybrid
BY BUSINESS FUNCTION
• Finance • Human Resource (HR) • Supply Chain • Customer Management • inventory Management • Manufacturing Module • Others
BY INDUSTRY VERTICAL
• BFSI • Healthcare • Retail & Distribution • Government & Utilities • It & Telecom • Construction • Aerospace & Defense • Others
BY END USER
• Large Enterprises • Medium Enterprises • Small Enterprises
• Asia-Pacific o India o Indonesia o Thailand o Singapore o Malaysia o Philippines o Vietnam o Nepal o Sri Lanka o Hong Kong o Bangladesh o Cambodia o Fiji o Rest of Asia-Pacific
KEY MARKET PLAYERS
• Digiwinx Infotech PVT. LTD • Synergix Technologies • Focus Softnet PTE LTD • IFS AB • Deskera • HashMicro Pte. Ltd. • 3i Infotech LTD. • Rorko Technologies • Tigernix Pte. Ltd. • Accentuate Pte. Ltd.
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