Today: February 14, 2016, 10:06 pm
  
Finance

Global SaaS-based ERP software market: 14% CAGR growth expected between 2012-2016

companiesandmarkets.com
companiesandmarkets.com
Global SaaS-based Enterprise Resource Planning Software Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-29 03:54:02
The Global SaaS-based ERP Software market is to grow at a CAGR of 13.93 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from SMEs. The market has also been witnessing increased influence from social media and mobile apps. However, data security issues and the lack of confidence of consumers could pose a challenge to the growth of this market.

The increasing influence of social networking sites such as Facebook, Twitter and LinkedIn, allows SaaS-based ERP vendors to introduce social networking in businesses that will help the employees to interact with their customers. The linkage of SaaS-based ERP software with social media gives employees a much more rich understanding of the end-customer, making customer interaction more personal. The use of social tools within ERP software also increases the degree of integration between co-workers, which in turn improves the quality of information captured about customers. Moreover, inspired by the Apple Application Store, the ERP Application Store has been introduced by SAP AG. SAP has also added the ability for customers and partners to buy and resell its Business One ERP software for smaller companies through the store. Vendors such as SAP AG, NetSuite Inc., and Microsoft Corp. Are actively building application stores to provide smartphone access to ERP data. SaaS-based ERP is being impacted by mobility and the propagation of smartphone applications, and is focusing more on building out an ecosystem of applications that will run with native functionality on the iPhone and Android.

One of the major drivers of the Global SaaS-based ERP Software market is the increasing demand from SMEs. This is because tasks such as implementation, continuous operation, backup, updates, and infrastructure maintenance of the ERP software are handled by SaaS vendors, thus reducing the total cost of ownership of ERP solutions.

Further, the report states that concern regarding data security is one of the biggest challenges faced by end-users. Customers fear that storing sensitive and personal data on a third-party cloud could make such information vulnerable to data security breaches.

The key vendors dominating this market space include Microsoft Corp., NetSuite Inc., Oracle Corp., and SAP AG. The other vendors mentioned in the report are Aplicor LLC, Deltek Inc., Epicor Software Corp., FinancialForce.com Inc., Infor Global Solutions, Intacct Corp., Plex Systems Inc., QAD Inc., Ramco Systems Ltd., RootStock Software, Sage Software Inc., and Workday Inc.

Click for report details: www.companiesandmarkets.com/Market/Information-Technology/Market ..

Browse all Information Technology Market Research Reports www.companiesandmarkets.com/Market/Information-Technology/Market ..

Browse all Information Technology Company Profile Reports www.companiesandmarkets.com/Market/Information-Technology/Compan ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com



# 605 Words
Related Articles
 
More From Finance
Arizona Real Estate Stats 2015
COMMENTARY by Tom Ruff of The Information Market Permission is granted only to ARMLS® Subscribers for reproduction with attribution [..]
Investing.co.uk Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source Investing.co.uk has announced that it will now be offering the [..]
Credit-Yogi.com Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.