SaaS-based ERP Software Market 2016 Size, Share, Trend, Growth, Research, Industry Analysis and Forecast by Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 02/18/2016 -- One of the key factors contributing to this market growth is the need to reduce the total cost of ownership. The Global SaaS-based ERP Software market has also been witnessing increased adoption by SMEs. However, data security issues could pose a challenge to the growth of this market.
Global SaaS-based ERP Software market to grow at a CAGR of 14.24% over the period 2011-2015.
Commenting on the report, an analyst said; ''Increased adoption of software-as-a-service (SaaS)-based enterprise resource planning (ERP) software by small and medium enterprises (SMEs) is one of the major positive trends in the Global SaaS-based ERP Software market. Low initial investment and faster deployment are the major reasons behind the increased adoption of SaaS-based ERP in SMEs. SMEs are benefiting from the ability of SaaS-based ERP software to manage their robust business operations in an affordable pay-per-use model without having to invest in traditional on-premise ERP software. Realizing the huge potential offered by SMEs, many vendors have started offering ERP software products specific to SMEs, for instance, SAP and Oracle have entered the Global SaaS-based ERP Software market with the SAP Business One On-demand solution, and Oracle E-Business Suite, respectively, specific to SMEs.''
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Global SaaS-based ERP Software Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, the EMEA and APAC regions; it also covers the Global SaaS-based ERP Software market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include NetSuite Inc., Oracle Corp., SAP AG, and Workday Inc.
Other vendors mentioned in the report: Microsoft Dynamics Corp., Aplicor LLC, Intacct Corp., Infor Global Solutions, Epicor Software Corp., Sage Software Inc., Ramco Systems Ltd., Plex Systems Inc., QAD Inc., FinancialForce.com Inc., Exact Online, and RootStock Software.
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According to the report, globally, one of the major drivers of the Global SaaS-based ERP Software market is the need to reduce the total cost of ownership. With SaaS-based ERP, the resource requirements associated with the responsibility for implementation, continuous operation, backup, updates and infrastructure maintenance of the ERP software is shifted from internal IT departments to SaaS vendors, which reduces the total cost of ownership of the ERP software. Moreover, with SaaS-based ERP, the initial cost of implementation is minimal and the customer pays according to their usage. Hence, the total cost of ownership decreases to a great extent.
Further, the report also discusses that data security is one of the biggest challenges faced by the Global SaaS-based ERP Software market. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.