Author - Trang Vu

erp market research 2025

ERP Software Market Research by 2025

NEW DELHIDec. 2, 2019 /PRNewswire/ — According to a new report Global ERP Software Market, published by KBV research, the global ERP software market size is expected to reach $70.3 billion by 2025, rising at a market growth of 10.5% CAGR during the forecast period. The ERP market has grown rapidly over the past decade with providers introducing enterprise-wide solutions. These providers ensure that ERP solutions have a wide range of features, can be incorporated into other enterprise solutions, and can be tailored to growing business needs.

The on-premise market dominated the Global ERP Software Market by Deployment Type 2018. Cloud-based solution, nevertheless, is currently considered to be a cheaper alternative to on-premise solutions, and several small players appear to be assured of cloud data privacy. (See Cloud Epicor ERP) With developments in technology, a more advanced approach can lead to faster implementation for different ERP applications. As a response, ERP providers will deliver tailored solutions to cater for a large number of vertical markets, resulting in more tailor-made ERP solutions.

The finance business role has been the largest contributor to the ERP software market in 2018. It is expected to remain dominant over the forecast period also. This trend can be associated with the increased adoption of the finance module in most companies to minimize the burden of financial functions and gain overall business expertise. However, the human resource (HR) module is projected to see the highest growth due to ongoing business expansion in developing economies.

The Manufacturing market dominated the Global ERP Software Market by Industry Vertical 2018. The Retail & Distribution market is witnessing CAGR of 9.3% during the forecast period. Additionally, The Healthcare market is expected to witness a prominent CAGR of 10.9% during (2019 – 2025).

The North America market holds the major market share of the Global ERP Software Market by Region. The Europe market is expected to witness a CAGR of 9.7% during (2019 – 2025). Asia-Pacific, however, is projected to grow at the highest CAGR during the forecast period due to the large involvement of small and medium-sized enterprises. These companies are turning towards hosting ERP solutions to handle their business processes effectively, especially in developing countries like IndiaChina, and Singapore.

KBV Research has introduced the Subscription-Based Model which aims to offer market intelligence to its clients ensuring a convenient and economical approach.”

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Microsoft Corporation, IBM Corporation, Workday, Inc., SAP SE, Oracle Corporation, Infor, Inc., The Sage Group PLC (Sage Software Solutions Pvt. Ltd.), Plex Systems, Inc., Epicor Software Corporation and Unit4 NV.

Global ERP Software Market Segmentation

  • Solution
  • Services
  • Finance
  • Supply Chain
  • Manufacturing Module
  • Inventory Management
  • Human Resource
  • Customer Management
  • Others
  • On-premise
  • Cloud
  • Hybrid
  • Large Enterprises
  • Small & Medium-Sized Enterprises
  • Manufacturing
  • Retail & Distribution
  • Healthcare
  • BFSI
  • Telecom & IT
  • Government & Utilities
  • Aerospace & Defense
  • Others
  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
  • Microsoft Corporation
  • IBM Corporation
  • Workday, Inc.
  • SAP SE
  • Oracle Corporation
  • Infor, Inc.
  • The Sage Group PLC (Sage Software Solutions Pvt. Ltd.)
  • Plex Systems, Inc.
  • Epicor Software Corporation
  • Unit4 NV
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Source: KBV Research

data activities for erp

Data Activities for ERP Solution Implementation

Why Your Data Activities Need to Start Long Before You Bring on an ERP Solution Provider?

Whether you are migrating to an ERP system for the first time, or the nth time, you need to do certain data activities. Here are 5 reasons why you should put significant pre-project effort into streamlining your material and material-plant combinations.

Data quality will improve

When an organization puts a given amount of effort into their data preparation with a focus on a smaller data footprint, the relative effort per material-plant combination will increase. Thus, the overall data quality will improve.

Ongoing data maintenance will decrease

If you have a smaller data footprint, the ongoing data maintenance will continue to be smaller going forward.  Consider, for example, how every manufactured material requires a BOM for every plant.  Of course, if multiple plants routinely manufacture a material, then you should set up and maintain the material-plant combinations. All require BOMs.  If, however, you are contemplating setting up a material-plant combination because “one day we just might want to manufacture this part at another plant”, I caution against that.

I have seen far too many “maybe” scenarios never happen. The data maintenance team is saddled with the creation and ongoing maintenance of never-used data elements for the life of the ERP system.  This is a tremendous waste of valuable data maintenance resources.  They should be laser-focused on the critically important data rather than diluting their efforts with the “might never happen” scenarios.

Then you will see the “skeletons in the closet”

To properly streamline materials and material-plant combinations it is necessary to thoroughly investigate and characterize where and how you use materials.  The fact that a given material has inventory means something must be done with it either before or during migration.  If the inventory is healthy and active, then setting up the materials and migrating the inventory to the new system makes sense.  If the inventory is inactive and/or obsolete, however, then the organization must decide what to do with it.

Can the product be reworked and sold, or must it be disposed of?  Equally important is understanding how it came to be.  Was this the result of an over-make by Manufacturing? A poor forecast by Sales?  A canceled sales order?  A quality issue?  Have we found the solution to the underlying cause, or is it continuing?  Is this symptomatic of a larger underlying issue?  Understanding and addressing these sorts of questions will provide great insights into both the organization’s capabilities and mindsets.  This is often a rich source of improvement opportunities and organizations are wise to address these deficiencies early and often.

Product portfolio improvements naturally follow

In characterizing materials, it is helpful to define the specific attributes used to identify individual products.  In doing so, it is common to find that two or more materials have (mostly) the same attributes.  This implies that there are either redundant materials or that some important and distinguishing attributes are missing.  Regardless of which situation it is, just the mere process of chasing down that answer often brings about an enlightened understanding of the product portfolio and leads to questions such as “why do we have so many materials that appear to be so close in fit, form, and function?”  Addressing that question satisfactorily can take months. Thus, you should finish it before the formal ERP project kicks off.

It will reduce operational mistakes

Most ERP systems have advanced search functionality that enables users to rapidly find materials, plants, storage locations, and the like.  Unfortunately, most ERP systems don’t have a foolproof mechanism to help users discern between material-plant combinations genuinely intended for use and those set up “just in case someday we might want to use it”.  Therefore, having both flavors of choices available to users will possibly result in mistakes.  The best way to avoid these types of mistakes is simply to not even set up non-intended options in the first place.

Contact us here for the best ERP consultancy

Source: ERP news

Insights 2019 with Starbucks Coffee CEO & Founder

Epicor Insights 2019 provided us with fruitful training sessions and especially an interesting talk with Starbucks Coffee Founder Howard Schultz. Also in this conference, it is announced that E10.2.400 will have REST API version 2.0. Data V Tech team is very excited to share further information on the updated Epicor ERP when being back to Vietnam.

Insights 2019 training session 2
Training session
Insights 2019 Starbucks Coffee founder Howard Schultz
Starbucks Coffee Founder Howard Schultz – Insights 2019 guest
Insights 2019 training session 1

We worked hard and still felt fresh thanks to Epicor’s excellent organization. Apart from training sessions, we did have great time in Epicor Concert, to relax and to network. We just wish that everyone could have joined us!

This is the beginning of the concert before we threw ourselves into the crowd and music.

Data V Tech at Epicor Insights 2019

Data V Tech Solutions is one of the very few Vietnamese software companies attending Epicor Insights 2019 in Mandalay Bay Resort, Las Vegas. This world’s largest conference on Epicor customers takes place from April 15 to 18.

We are eager to meet over 4000 Epicor users for sharing, networking and fun. As Epicor’s authorized partner in Asia Pacific, we are ready to share the insights of Epicor implementation in regional context. Learn with us about the Epicor solution customized for your working culture and master your own for your business. Join us to enjoy a new way to success, advance and progress!

We are glad to introduce our soon coming Vietnamese pages. This is a further step in our regional plan. Hereunder is our very first blog for the Vietnamese speakers.

 


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data v tech new domain

Data V Tech New Domain

Data V Tech Solutions, Epicor ERP partner in Vietnam, is in a transition to change our domain from https://datavtech.com.au to https://www.datavtech.com recently. You may see non-secure web page appears when entering https://datavtech.com.au. If you further proceed to the page, you will be redirected to our new domain. We apologize for any inconvenience caused.

We expect to complete this transition within May 2019.

In the meantime, we are excited to announce that Data V Tech will be attending Epicor Insights 2019 conference. We will be sharing news and information in our next blog post. Stay tuned!!!