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. 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. 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
KEY MARKET SEGMENTS
BY DEPLOYMENT MODEL
BY BUSINESS FUNCTION
BY INDUSTRY VERTICAL
BY END USER
BY COUNTRY
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
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. 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
BY COUNTRY
- Asia-Pacific
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.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ASIA-PACIFIC ERP SOFTWARE MARKET, BY DEPLOYMENT MODEL
CHAPTER 5: ASIA-PACIFIC ERP SOFTWARE MARKET, BY BUSINESS FUNCTION
CHAPTER 6: ASIA-PACIFIC ERP SOFTWARE MARKET, BY INDUSTRY VERTICAL
CHAPTER 7: ASIA-PACIFIC ERP SOFTWARE MARKET, BY END USER
CHAPTER 8: ASIA-PACIFIC ERP SOFTWARE MARKET, BY COUNTRY
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILE
Executive Summary
According to the report titled, 'Asia-Pacific ERP Software Market by Deployment Model, Business Function, Industry Vertical, and End User: Opportunity Analysis and Industry Forecast, 2019-2026,' the Asia-Pacific ERP software market was valued at $9,669 million in 2018, and is projected to reach $26,370 million by 2026, growing at a CAGR of 13.3% from 2019 to 2026.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. On the contrary, 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.
Based on deployment model, the on-premise segment dominated the overall Asia-Pacific ERP software market size in 2018, and is expected to continue this trend during the forecast period. This is attributed to wide adoption of on-premise deployment mode in large enterprises, as it involves a significant investment to implement, and organizations need to purchase interconnected servers as well as software to manage the system. However, the cloud segment is expected to witness the highest CAGR during the Asia-Pacific ERP software market forecast period, due to a paradigm shift in the deployment methods from on-premise to cloud-based models among end users.
The finance business function was the highest contributor to the Asia-Pacific ERP software market share in 2018, and is projected to remain dominant during the forecast period, due to high adoption of finance modules in most of the organizations to reduce complexity in financial function and to achieve overall competency in business. However, the human resource (HR) module is expected to witness highest growth, owing to ongoing business expansion in Asia-Pacific, which compels businesses to adopt ERP HR modules for easy integration and management of all the required information of the present and additional workforce.
The manufacturing industry dominated the Asia-Pacific ERP software market analysis in 2018, and is expected to continue this trend during the forecast period. This is attributed to rise in number of entrants in pharmaceutical, automotive, garment, and consumer electronics manufacturing markets. However, the aerospace & defense industry is expected to witness highest CAGR during the Asia-Pacific ERP software market analysis over the forecast period. This is attributed to surge in adoption of ERP software, due to development in business process, need to reduce IT complexity, and improvement in business agility. Furthermore, the adoption of cloud-enabled deployment model in high-tech sectors such as aerospace & defense sector is growing at a significant rate, which is opportunistic for the Asia-Pacific ERP software market.
According to Rachita Rake, Research Analyst, ICT, “India dominated the Asia-Pacific ERP software market size in 2018, and is projected to remain dominant during the forecast period. This is attributed to increased adoption of ERP among traditional end users such as manufacturing firms and retail companies, which have deployed ERP solutions. Moreover, developing industries, such as IT & telecom, education, and healthcare, have adopted ERP software for different business functions, such as HR, finance & accounting, and others, which has fueled the market growth in India.”
Key Findings of the Asia-Pacific ERP Software Market:
By deployment mode, the on-premise segment dominated the Asia-Pacific ERP software industry. However, the cloud segment is expected to exhibit significant growth during the forecast period.
Based on business function, the finance segment accounted for the highest revenue in 2018.
By industry vertical, the manufacturing segment is expected to witness significant growth in the upcoming years.
Depending on end user, the large enterprises generated the highest revenue in 2018. However, medium enterprises is expected to witness highest growth rate in the near future.
Country wise, Bangladesh is expected to witness significant growth in the upcoming years.
Some of the key market players profiled in the report 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. This study includes Asia-Pacific ERP software market trends, analysis, and future estimations to determine the imminent investment pockets.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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