TechNavio today launched its report Global SaaS-based ERP Software Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team 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.”
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.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-saas-based-erp-software-market-2…
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TechNavio Announces the Publication of its Report – Global SaaS-based ERP Software Market 2011-2015
