Cloud ERP Solutions Are Expected to Open Up New Space for the Cloud ERP Market in Developing Regions

Enterprise resource planning (ERP) is an important and heavy investment for all successful running businesses. Almost all medium and big size companies rely on ERP solutions for their business management services. ERP system is an important part of development in corporate information technology, which helps in reshaping an organization’s structure to change the distribution of powers, processes and rights within the organization. Conventional ERP software has extensively been used for major back office operations such as product planning, inventory control and marketing & sales management. The traditional ERP systems take longer time to be implemented in business architecture with high cost and low reliability.

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Major demand for cloud ERP is generated with need of on demand access to computing services, availability of large storage space, automated resource management and industry specific functions such as sales and customer support. Low cost, greater reliability, adoption of cloud based services with integrated business management are also some other factors driving the demand for the global cloud ERP solutions. The rapid growth in demand for cloud ERP in industries such as healthcare, retail, education and telecom are set to derive the cloud ERP market. Increased penetration of new technology solutions within organizations, low demographic barriers such as mobility, and availability of advanced open source applications with greater efficiency & transparency is also driving the growth of the global cloud ERP market.

Cloud ERP market is facing major challenges in enabling enterprises increase productivity by reduction in business expenses over a short period to get potential return on investment (ROI). Furthermore, increased competition, operational complexity, hybrid requirements by new businesses and limited education for cloud based services are some challenges to the global market.

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Increased competitive intelligence by prominent manufacturers of ERP software have developed key strategies such as streamlining distribution channels globally to roll out their offerings and gain significant share in the cloud global ERP market. Some of the major player in the global cloud ERP market includes Ramco Systems, Oracle Corporation, SAP SE, Intacct Corporation, Microsoft Corporation, Netsuite Inc and Infor.

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